Common use of Overwithholding Clause in Contracts

Overwithholding. 6.1 Where the T2CB has withheld in error an amount in excess of the amount required to be withheld, the T2CB will take all reasonable steps in order to recover the excess amount withheld. Where the T2CB does receive a refund of an amount withheld, the T2CB will take all reasonable steps to forward the excess amount to the Client as soon as possible.

Appears in 6 contracts

Samples: Uniform Type 2 Introducer/Carrier Broker Agreement, Uniform Type 2 Introducer/Carrier Broker Agreement, Uniform Type 2 Introducer/Carrier Broker Agreement

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Overwithholding. 6.1 Where the T2CB T3CB has withheld in error an amount in excess of the amount required to be withheld, the T2CB T3CB will take all reasonable steps in order to recover the excess amount withheld. Where the T2CB T3CB does receive a refund of an amount withheld, the T2CB T3CB will take all reasonable steps to forward the excess amount to the Client as soon as possible.

Appears in 4 contracts

Samples: Uniform Type 3 Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement

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Overwithholding. 6.1 Where the T2CB T4CB has withheld in error an amount in excess of the amount required to be withheld, the T2CB T4CB will take all reasonable steps in order to recover the excess amount withheld. Where the T2CB T4CB does receive a refund of an amount withheld, the T2CB T4CB will take all reasonable steps to forward the excess amount to the Client as soon as possible.

Appears in 4 contracts

Samples: Uniform Type 4 Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement

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