Common use of OWNERSHIP AND CUSTODY OF BOOKS Clause in Contracts

OWNERSHIP AND CUSTODY OF BOOKS. All records, books, and files established and maintained by Servicer by reason of its performance of services under this Agreement, which absent this Agreement would have been held by the Company, shall be deemed the property of the Company and shall be maintained in accordance with applicable law and regulation, including, but not limited to, Regulation No.152. Such records should be available,- during normal business hours, for inspection by the service recipient, anyone authorized by the service recipient, and any governmental agency that has regulatory authority over the service recipient's business activities. Copies of such records, books and files shall be delivered to the Company on demand. All such records, books and files shall be promptly transferred to the Company by Servicer upon termination of this Agreement.

Appears in 4 contracts

Samples: Service Agreement (Allianz Life of Ny Variable Account C), Service Agreement (Allianz Life of Ny Variable Account C), Service Agreement (Allianz Life of Ny Variable Account C)

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OWNERSHIP AND CUSTODY OF BOOKS. All records, books, and files established and maintained by Servicer by reason of its performance of services under this Agreement, which absent this Agreement would have been held by the Company, shall be deemed the property of the Company and shall be maintained in accordance with applicable law and regulation, including, but not limited to, Regulation No.152No. 152. Such records should be available,- available, during normal business hours, for inspection by the service recipient, anyone authorized by the service recipient, and any governmental agency that has regulatory authority over the service recipient's ’s business activities. Copies of such records, books and files shall be delivered to the Company on demand. All such records, books and files shall be promptly transferred to the Company by Servicer upon termination of this Agreement.

Appears in 1 contract

Samples: Service Agreement (Allianz Life of Ny Variable Account C)

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OWNERSHIP AND CUSTODY OF BOOKS. All records, books, and files established and maintained by Servicer by reason of its performance of services under this Agreement, which absent this Agreement would have been held by the Company, shall be deemed the property of the Company and shall be maintained in accordance with applicable law and regulation, including, but not limited to, Regulation No.152. Such records should be available,- available, during normal business hours, for inspection by the service recipient, anyone authorized by the service recipient, and any governmental agency that has regulatory authority over the service recipient's ’s business activities. Copies of such records, books and files shall be delivered to the Company on demand. All such records, books and files shall be promptly transferred to the Company by Servicer upon termination of this Agreement.

Appears in 1 contract

Samples: Service Agreement (Allianz Life of Ny Variable Account C)

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