Common use of NO COMPENSATION PAYABLE Clause in Contracts

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable with respect to a Purchase Payment, and any compensation already paid by AGL hereunder shall either be promptly returned by check payable to AGL on request or will be deducted by AGL from future payments due under this Schedule C(1), under each of the following conditions: (a) if AGL, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract Owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of the prior partial withdrawal; (d) if AGL refunds the Purchase Payment as a result of a complaint or grievance; (e) if AGL or AGSI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGL determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGL or any of its affiliates, AGL reserves the right not to pay any compensation and to require the return of any compensation already paid.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable with respect to a Purchase Payment, and any compensation already paid by AGL hereunder shall either be promptly returned by check payable to AGL on request or will be deducted by AGL from future payments due under this Schedule C(1)C, under each of the following conditions: (a) if AGL, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract Owner owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of the prior partial withdrawal; (d) if AGL refunds the Purchase Payment as a result of a complaint or grievance; (e) if AGL or AGSI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGL determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGL or any of its affiliates, AGL reserves the right not to pay any compensation and to require the return of any compensation already paid.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable with respect to a Purchase Payment, and any compensation already paid by AGL hereunder shall either be promptly returned by check payable to AGL on request or will be deducted by AGL from future payments due under this Schedule C(1)C, under each of the following conditions: (a) if If AGL, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract Owner owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of the prior partial withdrawal; (d) if AGL refunds the Purchase Payment as a result of a complaint or grievance; (e) if AGL or AGSI AGDI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGL determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGL or any of its affiliates, AGL reserves the right not to pay any compensation and to require the return of any compensation already paid.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable with respect to a Purchase Payment, and any compensation already paid by AGL hereunder shall either be promptly returned by check payable to AGL on request or will be deducted by AGL from future payments due under this Schedule C(1)C, under each of the following conditions: (a) if If AGL, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract Owner owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of the prior partial withdrawal; (d) if AGL refunds the Purchase Payment as a result of a complaint or grievance; (e) if AGL or AGSI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGL determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGL or any of its affiliates, AGL reserves the right not to pay any compensation and to require the return of any compensation already paid.

NO COMPENSATION PAYABLE. Notwithstanding the foregoing, no compensation shall be payable with respect to a Purchase Payment, and any compensation already paid by AGL hereunder shall either be promptly returned by check payable to AGL on request or will be deducted by AGL from future payments due under this Schedule C(1), under each of the following conditions: (a) if AGL, in its sole discretion, determines not to issue the Contract applied for or rescinds the Contract; (b) if the Contract Owner returns the Contract pursuant to the "Free Look" provision of the Contract; (c) if a Purchase Payment is received within 60 days following a prior partial withdrawal, and such Purchase Payment is reasonably believed to be a reinvestment of the prior partial withdrawal; (d) if AGL refunds the Purchase Payment as a result of a complaint or grievance; (e) if AGL or AGSI AGDI determines that any Sales Person signing an application or any person or entity receiving compensation for soliciting purchases of the Contracts is not duly licensed to sell the Contracts in the state or jurisdiction of such attempted sale and registered or otherwise qualified under the 1934 Act and rules thereunder and any applicable state laws and rules governing broker-dealers and their related persons. In addition, if AGL determines that any Contract applied for is a replacement of any insurance or annuity product issued by AGL or any of its affiliates, AGL reserves the right not to pay any compensation and to require the return of any compensation already paid.