Common use of Limitations of Authority Clause in Contracts

Limitations of Authority. The Contract forms are the sole property of PL&A. No person other than PL&A has the right or authority to: (i) make, alter or discharge any policy, Contract, certificate, supplemental contract or form issued by PL&A; (ii) make, alter, modify or discharge any Contract; (iii) waive or modify any provision with respect to any Contract or policy; (iv) incur indebtedness or liability, or expend or contract for expenditure of any funds on behalf of PL&A or the Contracts; (v) extend the time for payment of any premiums, bind PL&A to reinstate any terminated Contracts, or accept notes for payment of premiums; (vi) enter into any proceeding in a court of law or before a regulatory agency in the name of or on behalf of PL&A; or (vii) institute or file any response to any legal proceeding in connection with any matter pertaining to the Contracts on behalf of PL&A without the prior written consent of PL&A (except that if Selling Entities themselves are named as a party or parties in such proceedings each named party may enter into legal proceedings on its own behalf without the written consent of PL&A).

Limitations of Authority. The Contract forms are the sole property of PL&A. PL & A. No person other than PL&A PL & A has the right or authority to: (i) make, alter or discharge any policy, Contract, certificate, supplemental contract or form issued by PL&APL & A; (ii) make, alter, modify or discharge any Contract; (iii) waive or modify any provision with respect to any Contract or policy; (iv) incur indebtedness or liability, or expend or contract for expenditure of any funds on behalf of PL&A PL & A or the Contracts; (v) extend the time for payment of any premiums, bind PL&A PL & A to reinstate any terminated Contracts, or accept notes for payment of premiums; (vi) enter into any proceeding in a court of law or before a regulatory agency in the name of or on behalf of PL&APL & A; or (vii) institute or file any response to any legal proceeding in connection with any matter pertaining to the Contracts on behalf of PL&A PL & A without the prior written consent of PL&A PL & A (except that if Selling Entities themselves are named as a party or parties in such proceedings each named party may enter into legal proceedings on its own behalf without the written consent of PL&APL & A).