Common use of Limited Term to Offer and Sell Contracts Clause in Contracts

Limited Term to Offer and Sell Contracts. The General Agent shall be authorized to offer and sell Contracts to the general public pursuant to this Agreement for a period of one year from the Effective Date, and, unless terminated earlier pursuant to Sections 8.3, 8.4 or 8.5, such authorization shall automatically continue for one-year periods thereafter; provided, however, that such authorization shall automatically terminate upon termination of any distribution agreement between the Distributor and an AXA Equitable Company relating to the Contracts.

Appears in 2 contracts

Samples: Broker Dealer and General Agent (Axa Equitable Life Insurance Co), Broker Dealer and General Agent (Separate Account a of Axa Equitable Life Insurance Co)

AutoNDA by SimpleDocs

Limited Term to Offer and Sell Contracts. The General Agent shall be authorized to offer and sell Contracts to the general public pursuant to this Agreement for a period of one year from the Effective Date, and, unless terminated earlier pursuant to Sections 8.3, 8.4 or 8.5, such authorization shall automatically continue for one-year periods thereafter; provided, however, that such authorization shall automatically terminate upon termination of any distribution agreement between the Distributor and an AXA Equitable Company relating to the Contracts.

Appears in 2 contracts

Samples: Broker Dealer and General Agent (Equitable Financial Life Insurance Co of America), Broker Dealer and General Agent (Equitable America Variable Account No.70A)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.