Common use of Networking Clause in Contracts

Networking. This section 6 shall apply only between parties using the NSCC's NETWORKING service with each other from time to time: (a) Each party represents to the other that it, its affiliate or its agent has executed and filed with the NSCC, and has not terminated, the Standard Networking Agreement and that it, its affiliate or its agent is eligible to use the NSCC's NETWORKING service. Each party agrees to participate in NETWORKING with the other under the terms of the networking Agreement and in accordance with the rules, standards and procedures of the NSCC as in effect from time-to-time. (b) The terms of the NETWORKING Agreement, as supplemented by this Section 6, shall be incorporated by reference herein. The term "Fund Agent" has the meaning assigned thereto in the NETWORKING Agreement; the term "Firm" as used therein shall be deemed to refer to the Insurance Company or its agent. The provisions of Article III of the NETWORKING Agreement as incorporated by reference herein shall survive termination of this Agreement with respect to acts or omissions occurring prior to such termination and actions, claims, suits, complaints, proceedings or investigations resulting from or arising out such acts or omissions.

Appears in 4 contracts

Samples: Fund Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Fund Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M)

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