Common use of CHANGE OF DEALER Clause in Contracts

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset based commissions to Marketing Organization.

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBLSDI. Upon written notice to SBL SDI by the owner Owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL SDI by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL SDI shall cease paying commissions and asset based commissions to Marketing Organization.

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset asset-based commissions to Marketing Organization.

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBLSDI. Upon written notice to SBL SDI by the owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL SDI by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL SDI shall cease paying commissions and asset based commissions to Marketing Organization.

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner Contract Owner of the designation of a new marketing organization, all the any commissions and or asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying any commissions and asset based commissions or other compensation to Marketing Organization.

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBL. Upon written notice to SBL by the owner Contract Owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset based commissions to Marketing Organization.

CHANGE OF DEALER. A Contract Owner shall have the right to designate a new marketing organization, or terminate a marketing organization without designating a replacement, by sending written notice of such designation or termination to SBLSDL. Upon written notice to SBL SDL by the owner Owner of the designation of a new marketing organization, all the commissions and asset-based commissions shall be payable to the new marketing organization. Upon written notice to SBL SDL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL SDL shall cease paying commissions and asset asset-based commissions to Marketing Organization.