Common use of Modification of Contracts Clause in Contracts

Modification of Contracts. AGL, in its sole discretion, may modify or delete the terms of any Contract, to the extent permitted by the Contracts and applicable law. DISTRIBUTOR may, from time to time, propose modifications to the terms of any Contract, and AGL agrees to consider any such proposed modification in good faith, provided, however, that any implementation of such proposed modification shall remain in AGL's sole discretion.

Appears in 3 contracts

Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D)

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Modification of Contracts. AGL, in its sole discretion, may modify or ------------------------- delete the terms of any Contract, to the extent permitted by the Contracts and applicable law. DISTRIBUTOR may, from time to time, propose modifications to the terms of any Contract, and AGL agrees to consider any such proposed modification in good faith, provided, however, that any implementation of such proposed modification shall remain in AGL's sole discretion.

Appears in 2 contracts

Samples: Master Marketing and Distribution Agreement (Agl Separate Account D), Master Marketing and Distribution Agreement (Agl Separate Account D)

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