Limits on Authority. Distributor shall act as an independent contractor and nothing herein contained shall constitute Distributor or its agents, officers or employees as agents, officers or employees of the Trust solely by virtue of their activities in connection with the sale of the Funds hereunder. Distributor and its Representatives shall not have authority, on behalf of the Trust: to receive any monies (except for the sole purpose of forwarding monies to the Trust or its transfer agent). Distributor shall not possess or exercise any authority on behalf of the Trust other than that expressly conferred on Distributor by this Agreement.
Appears in 7 contracts
Samples: Distribution Agreement (State Farm Mutual Fund Trust), Distribution Agreement (State Farm Mutual Fund Trust), Distribution Agreement (State Farm Mutual Fund Trust)
Limits on Authority. Distributor shall act as an independent contractor and nothing herein contained shall constitute Distributor or its agents, officers or employees as agents, officers or employees of the Trust solely by virtue of their activities in connection with the sale of the Funds hereunder. Distributor and its Representatives shall not have authority, on behalf of the Trust: to receive any monies (except for the sole purpose of forwarding monies to the Trust or its transfer agent). Distributor shall not possess or exercise any authority on behalf of the Trust other than that expressly conferred on Distributor by this Agreement.
Appears in 2 contracts
Samples: Distribution Agreement (State Farm Growth Fund Inc), Distribution Agreement (State Farm Growth Fund Inc)
Limits on Authority. Distributor shall act as an independent contractor and nothing herein contained shall constitute Distributor or its agents, officers or employees as agents, officers or employees of the Trust Insurer solely by virtue of their activities in connection with the sale of the Funds hereunder. Distributor and its Representatives shall not have authority, on behalf of the Trust: to receive any monies (except for the sole purpose of forwarding monies to the Trust or its transfer agent). Distributor shall not possess or exercise any authority on behalf of the Trust other than that expressly conferred on Distributor by this Agreement.the
Appears in 1 contract
Samples: Distribution Agreement (LSW Variable Annuity Account I)
Limits on Authority. Distributor shall act as an independent contractor and nothing herein contained shall constitute Distributor or its agents, officers or employees as agents, officers or employees of the Trust Insurer solely by virtue of their activities in connection with the sale of the Funds hereunder. Distributor and its Representatives shall not have authority, on behalf of the Trust: to receive any monies (except for the sole purpose of forwarding monies to the Trust or its transfer agent). Distributor shall not possess or exercise any authority on behalf of the Trust other than that expressly conferred on Distributor by this Agreement.- 2 -
Appears in 1 contract
Samples: Distribution Agreement (National Variable Life Insurance Account)
