Notification of Regulatory Proceedings Sample Clauses

Notification of Regulatory Proceedings. Charter National shall immediately notify Scudder, at the addresx xx xxe notice provision of this Agreement, of (i) the issuance by any regulatory body of any stop order with respect to the registration statement or any prospectus relating to the Contracts, (ii) any request by the SEC for any amendment to such registration statement or any prospectus, or (iii) the initiation of any proceedings for that purpose or for any other purpose relating to the registration or offering of the Contracts, and of any other action or circumstances that may prevent the lawful offer or sale of any of the Contracts in any state or jurisdiction. Charter National will make every reasonable effort to prevent the issuance of any stop order and if any stop order is issued, to obtain the lifting thereof at the earliest possible moment. CNL shall immediately notify Scudder, at the addresx xx xxe notice provision of this Agreement, of the issuance by any regulatory body of any order with respect to the operation or business of CNL, or the initiation of any proceeding for any purpose relating to the sale of the Contracts, and of any other actions or circumstances that may prevent the lawful offer or sale of any of the Contracts in any state or jurisdiction. Scudder shall immediatxxx xxxify Charter National, at the address in the notice provision of this Agreement, of the issuance by any regulatory body of any order with respect to the operation or business of Scudder, or the initiaxxxx xx any proceeding for any purpose relating to the sale of the Contracts, and of any other actions or circumstances that may prevent the lawful offer or sale of any of the Contracts in any state or jurisdiction. In addition, Scudder shall promptly xxxxxx Charter National if any of its Telemarketing Personnel are subject to any proceedings or are sanctioned or suspended by the NASD or any state or other jurisdiction.
Sample 1
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Notification of Regulatory Proceedings. Insurance Company or LNCESC shall immediately notify Dealer, at the address in the notice provision of this Agreement, of the issuance by any regulatory body of any stop order with respect to any of the Prospectuses, or the initiation of any proceedings for that purpose or for any other purpose relating to the registration or offering of the Contracts or the Fund shares, and of any other action or circumstances that may prevent the lawful offer or sale of any of the Contracts in any state or jurisdiction. Dealer shall immediately notify Insurance Company and LNCESC, at the address in the notice provision of this Agreement, of the issuance by any regulatory body of any order with respect to the operation or business of Dealer, or the initiation of any proceeding for any purpose relating to the sale of the Contracts, and of any other actions or circumstances that may prevent the lawful offer or sale of any of the Contracts in any state or jurisdiction. In addition, Dealer shall promptly advise LNCESC if any of the Registered Representatives is subject to any proceedings or any sanctioned or suspended by the NASD or in any state or other jurisdiction.
Sample 1
Notification of Regulatory Proceedings. In order to further the licensing of each Registered Representative to sell the Certificates or Variable Contracts, Broker-Dealer will make the representation contained in paragraph 3.3 above as to each Registered Representative by name which may take the form of an appointment request. Upon receipt of such representation, in writing, accompanied by an appropriate application form, Equitable will use its best efforts to obtain insurance licenses for such Registered Representatives to sell the Certificates or Variable Contracts. Broker-Dealer will cooperate in obtaining such licenses. In addition, Equitable agrees to cooperate with Broker-Dealer to appoint Broker-Dealer its insurance agent in all states which require such appointment and in which the Certificates or Variable Contracts are sold. Equitable shall immediately notify Broker-Dealer, at the address in the notice provision of this Agreement, of the issuance by any regulatory body of any stop order with respect to any of the Prospectuses, or the initiation of any proceedings for that purpose or for any other purpose relating to the registration or offering of any of the Certificates or Variable Contracts and of any other action or circumstances that may prevent the lawful offer or sale of any of the Certificates or Variable Contracts in any state or jurisdiction. Broker-Dealer shall immediately notify Equitable, at the address in the notice provision of this Agreement, of the issuance by any regulatory body of any order with respect to the operation or business of the Broker-Dealer, or the initiation of any proceeding for any purpose relating to the sale of the Certificates or Variable Contracts by the Broker-Dealer and of any other action or circumstance that may prevent the lawful offer or sale of any of the Certificates or Variable Contracts by Broker-Dealer in any state or jurisdiction. In addition, Broker-Dealer shall promptly advise Equitable if any of its Registered Representatives which are licensed agents of Equitable is subject to any proceedings or are sanctioned or suspended by the NASD, the SEC or any state securities authority.
Sample 1

Related to Notification of Regulatory Proceedings

  • Litigation and Regulatory Proceedings Except as disclosed in SEC Documents, there are no material actions, causes of action, suits, claims, proceedings, inquiries or investigations (collectively, “Proceedings”) before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of Company or any of the Subsidiaries, threatened against or affecting the Company or any of the Subsidiaries, the Common Stock or any other class of issued and outstanding shares of the Company’s Capital Stock, or any of the Company’s or the Subsidiaries’ officers or directors in their capacities as such and, to the knowledge of the executive officers of the Company, there is no reason to believe that there is any basis for any such Proceeding.

  • Regulatory Proceedings The commencement of any rulemaking or disciplinary proceeding or the promulgation of any proposed or final rule which would have, or may reasonably be expected to have, a Material Adverse Effect;

  • ABSENCE OF LITIGATION AND/OR REGULATORY PROCEEDINGS Except as set forth in the SEC Documents, there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of Company or any of its Subsidiaries, threatened against or affecting the Company, the Common Stock or any of the Company’s Subsidiaries or any of the Company’s or the Company’s Subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a Material Adverse Effect.

  • Absence of Regulatory Actions Since January 1, 2017, neither the Company nor any of its Subsidiaries has been a party to any cease and desist order, written agreement or memorandum of understanding with, or any commitment letter or similar undertaking to, or has been subject to any action, proceeding, order or directive by any Governmental Entity, or has adopted any board resolutions relating to such matters as are material to the business of the Company or its Subsidiaries at the request of any Governmental Entity, or has been advised by any Governmental Entity that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such action, proceeding, order, directive, written agreement, memorandum of understanding, commitment letter, board resolutions or similar undertaking. To the Knowledge of the Company, there are no material unresolved violations, criticisms or exceptions by any Governmental Entity with respect to any report or statement relating to any examinations of the Company or its Subsidiaries.

  • Notification of litigation The Borrower will provide the Agent with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager, any Ship or the Earnings or the Insurances of any Ship as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

  • Notice of Regulatory Action To the extent permitted by applicable Law, each Seller shall promptly notify the applicable Purchaser of any action, claim, inquiry, audit, investigation or examination taken or made by a Government Authority that may affect the conduct of a Serviced Appointment and shall consult with such Purchaser as to any changes in duties or other arrangements hereunder to be taken in connection therewith.

  • Restoration of Rights on Abandonment of Proceedings In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.

  • Litigation and Regulatory Cooperation During and after the Executive’s employment, the Executive shall cooperate fully with the Company in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company which relate to events or occurrences that transpired while the Executive was employed by the Company. The Executive’s full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times. During and after the Executive’s employment, the Executive also shall cooperate fully with the Company in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired while the Executive was employed by the Company. The Company shall reimburse the Executive for any reasonable out-of-pocket expenses incurred in connection with the Executive’s performance of obligations pursuant to this Section 7(f).

  • Notification; Procedural Matters Promptly after receipt by an Indemnified Party under Section 3.1 of notice of any claim or the commencement of any action, such Indemnified Party shall, if a claim in respect thereof is to be made against the Indemnifying Party (or if a claim for contribution is to be made against another party) under Section 3.1, notify the Indemnifying Party (or other contributing party) in writing of the claim or the commencement of such action; provided, however, that the failure to notify the Indemnifying Party (or other contributing party) shall not relieve it from any liability which it may have under Section 3.1 except to the extent it has been materially prejudiced by such failure; and provided, further, however, that the failure to notify the Indemnifying Party shall not relieve it from any liability which it may have to any Indemnified Party (or to the party requesting contribution) otherwise than under Section 3.1. In case any such action is brought against any Indemnified Party and it notifies the Indemnifying Party of the commencement thereof, the Indemnifying Party shall be entitled to participate therein and, to the extent that, by written notice delivered to the Indemnified Party promptly after receiving the aforesaid notice from such Indemnified Party, the Indemnifying Party elects to assume the defense thereof, it may participate with counsel reasonably satisfactory to such Indemnified Party; provided, however, that if the defendants in any such action include both the Indemnified Party and the Indemnifying Party and the Indemnified Party or parties shall reasonably have concluded that there may be legal defenses available to it or them and/or other Indemnified Parties that are different from or additional to those available to the Indemnifying Party, or if the use of counsel chosen by the Indemnifying Party to represent the Indemnified Parties would present such counsel with a conflict of interest, the Indemnified Party or parties shall have the right to select separate counsel to assert such legal defenses and to otherwise participate in the defense of such action on behalf of such Indemnified Party or parties. Upon receipt of notice from the Indemnifying Party to such Indemnified Party of its election so to assume the defense of such action and approval by the Indemnified Party of such counsel, the Indemnifying Party shall not be liable to such Indemnified Party under this paragraph for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense thereof, unless (i) the Indemnified Party shall have employed separate counsel (plus any local counsel) in connection with the assertion of legal defenses in accordance with the proviso to the immediately preceding sentence, (ii) the Indemnifying Party shall not have employed counsel reasonably satisfactory to the Indemnified Party to represent the Indemnified Party within a reasonable time after notice of commencement of the action or (iii) the Indemnifying Party shall have authorized the employment of counsel for the Indemnified Party at the expense of the Indemnifying Party. No party shall be liable for contribution with respect to any action or claim settled without its consent, which consent shall not be unreasonably withheld. In no event shall the Indemnifying Party be liable for the fees and expenses of more than one counsel (in addition to any local counsel) separate from its own counsel for all Indemnified Parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances.

  • Notification of Proceeding Indemnitee will notify the Company in writing promptly upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any proceeding or matter which may be subject to indemnification or advancement of expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise.

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