Common use of Compliance with Bank Regulatory Requirements and Variable Products Regulatory Requirements Clause in Contracts

Compliance with Bank Regulatory Requirements and Variable Products Regulatory Requirements. Notice of a Bank Agreement pursuant to Section 13.2 shall constitute confirmation of a representation and warranty by each of the Broker-Dealer and the General Agent, on behalf of themselves and the Agents, that each of them is in compliance with all Bank Regulatory Requirements applicable to third parties engaged in Bank-Related Sales. The Broker-Dealer and the General Agent shall have the exclusive responsibility vis-à-vis the Distributor for ensuring strict compliance with all Bank Regulatory Requirements and Variable Product Regulatory Requirements by all parties to the Bank Agreement with respect to any Bank-Related Sales, as well as strict compliance by such parties with the terms and conditions of this Agreement. The Broker-Dealer and the General Agent each undertake to keep the Distributor promptly informed of any amendments, supplements or changes to applicable Bank Regulatory Requirements or Variable Product Regulatory Requirements which may affect this Agreement or the Bank Agreement.

Compliance with Bank Regulatory Requirements and Variable Products Regulatory Requirements. Notice of a Bank Agreement pursuant to Section 13.2 14.2 shall constitute serve as confirmation of a representation and warranty by each of the Broker-Dealer Broker and the General Agentany Agency, on behalf of themselves and the their Agents, that each of them is in compliance with all Bank Regulatory Requirements applicable to third parties engaged in Bank-Related Sales. The Broker-Dealer Broker and the General Agent any Agency shall have the exclusive responsibility vis-àa-vis the Distributor Company for ensuring strict compliance with all Bank Regulatory Requirements and Variable Product Regulatory Requirements by all parties to the Bank Agreement with respect to any Bank-Related Sales, as well as strict compliance by such parties with the terms and conditions of this Agreement. The Broker-Dealer Broker and the General Agent Agency each undertake to keep the Distributor Company promptly informed of any amendments, supplements or changes to applicable Bank Regulatory Requirements or Variable Product Regulatory Requirements which may affect this Agreement or the Bank Agreement.

Compliance with Bank Regulatory Requirements and Variable Products Regulatory Requirements. Notice of a Bank Agreement pursuant to Section 13.2 shall constitute confirmation of a representation and warranty by each of the Broker-Dealer and the General Agent, on behalf of themselves and the Agents, that each of them is in compliance with all Bank Regulatory Requirements applicable to third parties engaged in Bank-Related Sales. The Broker-Dealer and the General Agent shall have the exclusive responsibility vis-àa-vis the Distributor for ensuring strict compliance with all Bank Regulatory Requirements and Variable Product Regulatory Requirements by all parties to the Bank Agreement with respect to any Bank-Related Sales, as well as strict compliance by such parties with the terms and conditions of this Agreement. The Broker-Dealer and the General Agent each undertake to keep the Distributor promptly informed of any amendments, supplements or changes to applicable Bank Regulatory Requirements or Variable Product Regulatory Requirements which may affect this Agreement or the Bank Agreement.