Common use of COLLECTION OF PURCHASE PAYMENTS Clause in Contracts

COLLECTION OF PURCHASE PAYMENTS. All Contract purchase payments on applications procured by or through General Agent, which General Agent may collect, are collected on behalf of Nationwide. All purchase payments shall be in check or wire transfer. All such monies received by General Agent shall be collected and transmitted promptly to Nationwide in a manner agreed to by both General Agent and Nationwide.

Appears in 4 contracts

Samples: General Agent Agreement (Nationwide Vli Separate Account 5), General Agent Agreement (Nationwide Va Separate Account-D), General Agent Agreement (Nationwide Vli Separate Account 5)

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COLLECTION OF PURCHASE PAYMENTS. All Contract purchase payments on applications procured by or through General Agent, Agent which General Agent may collect, collect are collected on behalf of Nationwide. All purchase payments shall be in check or wire transfer. All such monies received by General Agent shall be collected and transmitted promptly to Nationwide in a manner agreed to by both General Agent and Nationwide.

Appears in 1 contract

Samples: General Agent Agreement (Bernard Allan & Edwards Inc)

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