Common use of Interests in and of Distributor Clause in Contracts

Interests in and of Distributor. It is understood that any of the policyholders, directors, officers, employees and agents of CG may be a shareholder, director, officer, employee or agent of, or be otherwise interested in, Distributor, any affiliated person of Distributor, any organization in which Distributor may have an interest or any organization which may have an interest in Distributor; that Distributor, any such affiliated person or any such organization may have an interest in CG; and that the existence of any such dual interest shall not affect the validity hereof or of any transaction hereunder except as otherwise provided in the Charter, Articles of Incorporation or By-Laws of CG and Distributor, or by specific provision of applicable law.

Appears in 4 contracts

Samples: Distribution Agreement (Cg Variable Life Insurance Separate Account A), Distribution Agreement (Cg Corporate Insurance Variable Life Separate Account 2), Distribution Agreement (Cg Corporate Insurance Variable Life Separate Account 2)

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