Appointment as Distributor/Principal Underwriter Clause Samples
The 'Appointment as Distributor/Principal Underwriter' clause formally designates a party to act as the exclusive or non-exclusive distributor or principal underwriter for a company's products or securities. This clause typically outlines the scope of the appointment, such as the specific products, territories, or channels involved, and may detail the responsibilities and authority granted to the distributor or underwriter, including marketing, sales, and compliance obligations. Its core function is to clearly establish the legal relationship and expectations between the parties, thereby reducing ambiguity and ensuring both sides understand their roles in the distribution or underwriting process.
Appointment as Distributor/Principal Underwriter. TLIC grants to TCI the exclusive right to be, and TCI agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. TCI agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.
Appointment as Distributor/Principal Underwriter. PFL grants to AFSG ------------------------------------------------ the exclusive right to be, and AFSG agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. AFSG agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.
Appointment as Distributor/Principal Underwriter. Transamerica grants to AFSG the exclusive right to be, and AFSG agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. AFSG agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.
Appointment as Distributor/Principal Underwriter. TALICNY grants to TCI the exclusive right to be, and TCI agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. TCI agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts. With respect to any underwriting functions and services that are performed for or provided to TALICNY by TCI pursuant to this Agreement, it is understood that (i) TCI shall perform such services in accordance with underwriting guidelines and procedures established by TALICNY from time to time and communicated in writing to TCI by TALICNY; (ii) and TALICNY shall retain all final underwriting authority.
Appointment as Distributor/Principal Underwriter. PACIFIC LIFE appoints PSD and PSD agrees to serve, during the term of this Agreement, subject to the registration requirements of the 1933 Act and the 1940 Act and the provisions of the Exchange Act, as the Distributor and Principal Underwriter for the Contracts to be sold by ▇▇▇▇▇▇/Dealers. PACIFIC LIFE also appoints PSD as its independent General Agent, as may be required under state law, for distribution of the Contracts (including any riders which PACIFIC LIFE may make available) and for distribution of such other Contracts as PACIFIC LIFE may issue, from time to time. The premium rates for such Contracts are set by PACIFIC LIFE.
Appointment as Distributor/Principal Underwriter. WRL grants to AFSG the exclusive right to be, and AFSG agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. AFSG agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.
Appointment as Distributor/Principal Underwriter. TFLIC grants to AFSG the exclusive right to be, and AFSG agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. AFSG agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.
Appointment as Distributor/Principal Underwriter. AUSA grants to AFSG the exclusive right to be, and AFSG agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. AFSG agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.
Appointment as Distributor/Principal Underwriter. MLLICNY grants to TCI the exclusive right to be, and TCI agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. TCI agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts. With respect to any underwriting functions and services that are performed for or provided to MLLICNY by TCI pursuant to this Agreement, it is understood that (i) TCI shall perform such services in accordance with underwriting guidelines and procedures established by MLLICNY from time to time and communicated in writing to TCI by MLLICNY; (ii) and MLLICNY shall retain all final underwriting authority.
Appointment as Distributor/Principal Underwriter. TOLIC grants to AFSG the exclusive right to be, and AFSG agrees to serve as, distributor and principal underwriter of the Contracts during the term of this Agreement. AFSG agrees to use its best efforts to solicit applications for the Contracts and otherwise perform all duties and functions which are necessary and proper for the distribution of the Contracts.