Common use of Authority to Distribute Contracts Clause in Contracts

Authority to Distribute Contracts. Distributor hereby authorizes Broker-Dealer, under the securities laws, and General Agent, under the insurance laws, each in a non-exclusive capacity, to distribute the Contracts. Broker-Dealer and General Agent accept such authorization and agree to use their best efforts to find purchasers for the Contracts in each case acceptable to Life Company. Broker-Dealer and General Agent understand that the public offering of and solicitation for interests under the variable life and variable annuity Contracts are not permitted to commence, or to continue, unless the Contract Registration Statements have become effective and, with respect to each state or other jurisdiction in which Contract applications are to be solicited, the Contracts are qualified for sale under all applicable securities and insurance laws. Broker-Dealer and General Agent acknowledge that no territory is exclusively assigned hereunder, and Life Company reserves the right in its sole discretion to establish or appoint one or more agencies in any jurisdiction in which General Agent transacts business hereunder.

Authority to Distribute Contracts. Distributor hereby authorizes __________________________________ Broker-Dealer, under the securities laws, and General Agent, under the insurance laws, each in a non-exclusive capacity, to distribute the Contracts. Broker-Dealer and General Agent accept such authorization and agree to use their best efforts to find purchasers for the Contracts in each case acceptable to Life Company. Broker-Dealer and General Agent understand that the public offering of and solicitation for interests under the variable life and variable annuity Contracts are not permitted to commence, or to continue, unless the Contract Registration Statements have become effective and, with respect to each state or other jurisdiction in which Contract applications are to be solicited, the Contracts are qualified for sale under all applicable securities and insurance laws. Broker-Dealer and General Agent acknowledge that no territory is exclusively assigned hereunder, and Life Company reserves the right in its sole discretion to establish or appoint one or more agencies in any jurisdiction in which General Agent transacts business hereunder.