INDEBTEDNESS AND RIGHT OF SET OFF. Nothing contained in this Agreement shall be construed as giving Selling Broker-Dealer or General Agent the right to issue any indebtedness on behalf of CLNY, CLAFS or Selixxxx Xxxancial. Selling Broker-Dealer and General Agent hereby authorize CLNY as agent of CLAFS to set off liabilities of Selling Broker-Dealer and General Agent to CLNY, CLAFS or Selixxxx Xxxancial against any and all amounts otherwise payable to Selling Broker-Dealer or General Agent.
Appears in 1 contract
Samples: Selling Agreement (Canada Life of New York Variable Annuity Account 2)
INDEBTEDNESS AND RIGHT OF SET OFF. Nothing contained in this Agreement shall be construed as giving Selling Broker-Dealer or General Agent the right to issue any and indebtedness on behalf of CLNY, CLAFS CLNY or Selixxxx XxxancialCLAFS. Selling Broker-Dealer and General Agent hereby authorize CLNY as agent of CLAFS to set off liabilities of Selling Broker-Dealer and General Agent to CLNY, CLNY or CLAFS or Selixxxx Xxxancial against any and all amounts otherwise payable to Selling Broker-Dealer or as General Agent.
Appears in 1 contract
Samples: Selling Agreement (Canada Life of New York Variable Annuity Account 1)
INDEBTEDNESS AND RIGHT OF SET OFF. Nothing contained in this Agreement shall be construed as giving Selling Broker-Dealer or General Agent the right to issue any indebtedness on behalf of CLNYCLICA, CLAFS or Selixxxx XxxancialSeligman Financial. Selling Broker-Dealer and General Agent hereby authorize CLNY axxxxxxxx CLICA as agent of CLAFS to set off liabilities of Selling Broker-Dealer and General Agent to CLNYCLICA, CLAFS or Selixxxx Xxxancial Seligman Financial against any and all amounts otherwise payable to Selling BrokerSxxxxxx Xroker-Dealer or General Agent.
Appears in 1 contract
INDEBTEDNESS AND RIGHT OF SET OFF. Nothing contained in this Agreement shall be construed as giving Selling Broker-Dealer or General Agent the right to issue any indebtedness on behalf of CLNYCLICA, CLAFS or Selixxxx Xxxancial. Selling Broker-Dealer and General Agent hereby authorize CLNY CLICA as agent of CLAFS to set off liabilities of Selling Broker-Dealer and General Agent to CLNYCLICA, CLAFS or Selixxxx Xxxancial against any and all amounts otherwise payable to Selling Broker-Dealer or General Agent.
Appears in 1 contract
Samples: Selling Agreement (Canada Life of America Variable Annuity Account 2)
INDEBTEDNESS AND RIGHT OF SET OFF. Nothing contained in this Agreement shall be construed as giving Selling Broker-Dealer or General Agent the right to issue any indebtedness on behalf of CLNY, CLAFS or Selixxxx XxxancialXxxxxxxx Financial. Selling Broker-Dealer and General Agent hereby authorize CLNY as agent of CLAFS to set off liabilities of Selling Broker-Dealer and General Agent to CLNY, CLAFS or Selixxxx Xxxancial Xxxxxxxx Financial against any and all amounts otherwise payable to Selling Broker-Dealer or General Agent.
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