Common use of Expenses of Distributor Clause in Contracts

Expenses of Distributor. State Farm shall bear, as principal, all expenses of Distributor, except for the responsibility and obligation to pay compensation to Representatives, without any present or future expectation or obligation of Distributor to incur such expenses as principal, to pay for such expenses or to reimburse State Farm for such expenses. Such expenses to be paid by State Farm shall include, but not be limited to: (1) all expenses for the preparation and filing of all contracts, reports and other communications with federal, state and local agencies; (2) all legal fees, auditing fees and consulting fees; (3) all fees and expenses associated with the licensing, training and supervision of Representatives and other associated persons of Distributor; (4) all administrative, clerical, stenographic, data processing and other support services expenses; (5) all office supplies and equipment expenses; (6) all expenses related to office space; (7) all NASD, SEC and other regulatory registration fees, membership fees and membership assessments for Distributor and for Distributor’s registered personnel; (8) all state and local taxes; and (9) all other corporate expenses of Distributor. It is understood that, if Distributor enters into a distribution agreement with another company affiliated with State Farm, State Farm’s obligations pursuant to this Section 5.c shall be allocated between State Farm and such other company based on existing insurance or other regulations, agreements and procedures.

Expenses of Distributor. State Farm shall bear, as principal, all expenses of Distributor, except for the responsibility and obligation to pay compensation to Representatives, without any present or future expectation or obligation of Distributor to incur such expenses as principal, to pay for such expenses or to reimburse State Farm for such expenses. Such expenses to be paid by State Farm shall include, but not be limited to: (1) all expenses for the preparation and filing of all contracts, reports and other communications with federal, state and local agencies; (2) all legal fees, auditing fees and consulting fees; (3) all fees and expenses associated with the licensing, training and supervision of Representatives and other associated persons of Distributor; (4) all administrative, clerical, stenographic, data processing and other support services expenses; (5) all office supplies and equipment expenses; (6) all expenses related to office space; (7) all NASD, SEC and other regulatory registration fees, membership fees and membership assessments for Distributor and for Distributor’s 's registered personnel; (8) all state and local taxes; and (9) all other corporate expenses of Distributor. It is understood that, if Distributor enters into a distribution agreement with another company affiliated with State Farm, State Farm’s 's obligations pursuant to this Section 5.c shall be allocated between State Farm and such other company based on existing insurance or other regulations, agreements and procedures.

Expenses of Distributor. State Farm shall bear, as principal, all expenses of Distributor, except for the responsibility and obligation to pay compensation to Representatives, without any present or future expectation or obligation of Distributor to incur such expenses as principal, to pay for such expenses or to reimburse State Farm for such expenses. Such expenses to be paid by State Farm shall include, but not be limited to: (1) all expenses for the preparation and filing of all contracts, reports and other communications with federal, state and local agencies; (2) all legal fees, auditing fees and consulting fees; (3) all fees and expenses associated with the licensing, training and supervision of Representatives and other associated persons of Distributor; (4) all administrative, clerical, stenographic, data processing and other support services expenses; (5) all office supplies and equipment expenses; (6) all expenses related to office space; (7) all NASD, SEC and other regulatory registration fees, membership fees and membership assessments for Distributor and for Distributor’s 's registered personnel; (8) all state and local taxes; and (9) 8) all other corporate expenses of Distributor. It is understood that, if Distributor enters into a distribution agreement with another company affiliated with State Farm, State Farm’s 's obligations pursuant to this Section 5.c shall be allocated between State Farm and such other company based on existing insurance or other regulations, agreements and procedures.