Common use of Formal provisions Clause in Contracts

Formal provisions. The Execution Agreement and the Aegon Cappital Net Pension Regulations (elipsLife Variant) comply with the applicable legislation and regulations and with our own policy. We hereby accept responsibility and liability for this. - We carry out all processes in an appropriate manner as regards quality and we ensure that the necessary expertise is available. - In performing this Execution Agreement, we comply with all relevant legislation and regulations. The Execution Agreement is subject solely to the provisions of Dutch law. - The Execution Agreement and each insurance are an insurance agreement within the meaning of Section 925 of Book 7 of the Dutch Civil Code. The relevant provisions of Title 17 of Book 7 of the Dutch Civil Code apply, unless the Pensions Act provides otherwise. - Both you and we can cause loss/harm by not complying with the Execution Agreement, or by not complying fully. If this failure to comply (or failure to comply fully) is imputable, the party that sustains loss/harm can claim compensation for that loss/harm from the other party. A claim is only possible after written notice of default has been issued. This is because there is then still the opportunity to limit the loss/harm as far as possible. We compensate for such loss/harm up to a maximum of once the total annual administration costs that you pay. The maximum does not apply in the event a deliberate act or omission [opzet] or gross negligence [grove xxxxxx] on our part. - Fraud and our loss of trust in you (i.e. your integrity) are reasons for us to terminate the Execution Agreement with immediate effect. We can also do so if you or the Ultimate Beneficial Owner (UBO) is included on a sanctions list or fails to comply with (internal) policy rules, or if you do not cooperate with proper implementation of the pension scheme. - Aegon Cappital has opted to collaborate with Aegon Leven and elipsLife on account of their professionalism, administrative facilities, and sound financial basis. Aegon Cappital’s management board assesses annually whether these insurers are complying properly with the arrangements made. In the case of a negative assessment, Aegon Cappital will make every effort to enforce compliance with the arrangements.

Formal provisions. The Execution Agreement and the Aegon Cappital Net Pension Regulations (elipsLife Variant) comply with the applicable legislation and regulations and with our own policy. We hereby accept responsibility and liability for this. - We carry out all processes in an appropriate manner as regards quality and we ensure that the necessary expertise is available. - In performing this Execution Agreement, we comply with all relevant legislation and regulations. The Execution Agreement is subject solely to the provisions of Dutch law. - The Execution Agreement and each insurance policy are an insurance agreement within the meaning of Section 925 of Book 7 of the Dutch Civil CodeCode (BW). The relevant provisions of Title 17 of Book 7 of the Dutch Civil Code apply, unless the Pensions Act provides otherwise. - Both you and we can cause loss/harm by not complying with the Execution Agreement, or by not complying fully. If this failure to comply (or failure to comply fully) is imputable, the party that sustains loss/harm can claim compensation for that loss/harm from the other party. A claim is only possible after written notice of default has been issued. This is because there is then still the opportunity to limit the loss/harm as far as possible. We compensate for such loss/harm up to a maximum of once the total annual administration costs that you pay. The maximum does not apply in the event a deliberate act or omission [opzet] or gross negligence [grove xxxxxx] on our part. - Fraud and our loss of trust in you (i.e. your integrity) are reasons for us to terminate the Execution Agreement with immediate effect. We can also do so if you or the Ultimate Beneficial Owner ultimate beneficial owner (UBO) is included on a sanctions list or fails to comply with (internal) policy rules, or if you do not properly cooperate with proper implementation the administration of the pension scheme. - Aegon Cappital has opted to collaborate with Aegon Leven Xxxxx Xxxxx and elipsLife x.x.x. Xxxxxx on account of their professionalism, administrative facilities, facilities and sound financial basis. Aegon Cappital’s management board annually assesses annually whether these insurers are complying properly comply with the arrangements made. In the case of a negative assessment, Aegon Cappital will make every effort to enforce compliance with the arrangements.

Formal provisions. The Execution Agreement and the Aegon Cappital Net Pension Regulations (elipsLife Variant) comply with the applicable legislation and regulations and with our own policy. We hereby accept responsibility and liability for this. - We carry out all processes in an appropriate manner as regards quality and we ensure that the necessary expertise is available. - In performing this Execution Agreement, we comply with all relevant legislation and regulations. The Execution Agreement is subject solely to the provisions of Dutch law. - The Execution Agreement and each insurance policy are an insurance agreement within the meaning of Section 925 of Book 7 of the Dutch Civil CodeCode (BW). The relevant provisions of Title 17 of Book 7 of the Dutch Civil Code apply, unless the Pensions Act provides otherwise. - Both you and we can cause loss/harm by not complying with the Execution Agreement, or by not complying fully. If this failure to comply (or failure to comply fully) is imputable, the party that sustains loss/harm can claim compensation for that loss/harm from the other party. A claim is only possible after written notice of default has been issued. This is because there is then still the opportunity to limit the loss/harm as far as possible. We compensate for such loss/harm up to a maximum of once the total annual administration costs that you pay. The maximum does not apply in the event a deliberate act or omission [opzet] or gross negligence [grove xxxxxx] on our part. - Fraud and our loss of trust in you (i.e. your integrity) are reasons for us to terminate the Execution Agreement with immediate effect. We can also do so if you or the Ultimate Beneficial Owner ultimate beneficial owner (UBO) is included on a sanctions list or fails to comply with (internal) policy rules, or if you do not properly cooperate with proper implementation the administration of the pension scheme. - Aegon Cappital has opted to collaborate with Aegon Leven Xxxxx Xxxxx and elipsLife on account of their professionalism, administrative facilities, facilities and sound financial basis. Aegon Cappital’s management board annually assesses annually whether these insurers are complying properly comply with the arrangements made. In the case of a negative assessment, Aegon Cappital will make every effort to enforce compliance with the arrangements.