Automatic Termination for Cause. This Agreement shall automatically terminate upon: (1) a material breach of this Agreement, including without limitation the failure to comply with the laws or regulations of any state or other governmental agency or body having jurisdiction over the sale of insurance; and (2) the suspension, revocation or non-renewal of any then required insurance or securities license of Broker/Dealer or any of its Affiliates, or the deregistration of the Broker/Dealer or its termination of membership with the NASD.
Appears in 4 contracts
Samples: Selling Agreement (Variable Separate Account Nine), Selling Agreement (NML Variable Annuity Account B), Selling Agreement (Variable Annuity Account Seven)
Automatic Termination for Cause. This Agreement shall automatically terminate upon: (1) a material breach of this Agreement, including without limitation the failure to comply with the laws or regulations of any state or other governmental agency or body having jurisdiction over the sale of insurance; and (2) the suspension, revocation or non-renewal of any then required insurance or securities license of Broker/Dealer or any of its AffiliatesDealer, or the deregistration of the Broker/Dealer or its termination of membership with the NASD.
Appears in 2 contracts
Samples: Selling Agreement (Variable Annuity Account One of First Sunamerica Life Ins Co), Selling Agreement (Fs Variable Annuity Account Five)
Automatic Termination for Cause. This Agreement shall automatically terminate upon: (1) a material breach of this Agreement, including without limitation the failure to comply with the laws or regulations of any state or other governmental agency or body having jurisdiction over the sale of insurance; and (2) the suspension, revocation or non-renewal of any then required insurance or securities license of Broker/Dealer or Dealer, any of its AffiliatesAffiliates or any Subagent, or the deregistration of the Broker/Dealer or its termination of membership with the NASD.
Appears in 1 contract
Automatic Termination for Cause. This Agreement shall automatically terminate upon: (1) a material breach of this Agreement, including without limitation the failure to comply with the laws or regulations of any state or other governmental agency or body having jurisdiction over the sale of insurancethe Contracts; and (2) the suspension, revocation or non-renewal of any then required insurance or securities license of Broker/Dealer or any of its Affiliates, or the deregistration of the Broker/Dealer or its termination of membership with the NASD.
Appears in 1 contract
Samples: Selling Agreement (Variable Separate Account of Anchor National Life Insur Co)
