Common use of Delivery of Contracts Clause in Contracts

Delivery of Contracts. Unless otherwise requested by Broker and agreed to by Company, once a Contract has been issued, it shall be delivered to Broker and, after being reviewed by Broker, shall be timely delivered by Broker to the purchaser, accompanied by any documents required to be delivered by Applicable Laws and any additional documents deemed appropriate. Company shall confirm or cause to be confirmed to customers all Contract transactions, to the extent required by Applicable Laws, and shall administer the Contracts after they have been delivered, but may from time to time require assistance from Broker. Consistent with its administrative procedures, Company shall assume, and shall rely on the assumption, that a Contract it, or its Affiliates, issues shall be promptly delivered by Broker to the purchaser of such Contract. As a result, if a purchaser exercises a "free look" right under such Contract, Broker shall indemnify Company for any loss Company incurs resulting from Broker's failure promptly to deliver such Contract to its purchaser.

Appears in 6 contracts

Samples: Retail Sales Agreement (General American Separate Account Two), Retail Sales Agreement (New England Variable Annuity Separate Account), Retail Sales Agreement (Metlife of Ct Fund Ul for Variable Life Insurance)

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Delivery of Contracts. Unless otherwise requested by Broker and agreed to by Company, once a Contract has been issued, it shall be delivered to Broker and, after being reviewed by Broker, shall be timely delivered by Broker to the purchaser, accompanied by any documents required to be delivered by Applicable Laws and any additional documents deemed appropriate. Company shall confirm or cause to be confirmed conflicted to customers all Contract transactions, to the extent required by Applicable Laws, and shall administer the Contracts after they have been delivered, but may from time to time require assistance from Broker. Consistent with its administrative procedures, Company shall assume, and shall rely on the assumption, that a Contract it, or its Affiliates, issues shall be promptly delivered by Broker to the purchaser of such Contract. As a result, if a purchaser exercises a "free look" right under such Contract, Broker shall indemnify Company for any loss Company incurs resulting from Broker's failure promptly to deliver such Contract to its purchaser.

Appears in 1 contract

Samples: Retail Sales Agreement (Metlife Investors Variable Annuity Account One)

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Delivery of Contracts. Unless otherwise requested by Broker and _____________________ agreed to by Company, once a Contract has been issued, it shall be delivered to Broker and, after being reviewed by Broker, shall be timely delivered by Broker to the purchaser, accompanied by any documents required to be delivered by Applicable Laws and any additional documents deemed appropriate. Company shall confirm or cause to be confirmed to customers all Contract transactions, to the extent required by Applicable Laws, and shall administer the Contracts after they have been delivered, but may from time to time require assistance from Broker. Consistent with its administrative procedures, Company shall assume, and shall rely on the assumption, that a Contract it, or its Affiliates, issues shall be promptly delivered by Broker to the purchaser of such Contract. As a result, if a purchaser exercises a "free look" right under such Contract, Broker shall indemnify Company for any loss Company incurs resulting from Broker's failure promptly to deliver such Contract to its purchaser.

Appears in 1 contract

Samples: Retail Sales Agreement (Metropolitan Life Separate Account UL)

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