Common use of Ownership Change Clause in Contracts

Ownership Change. This Agreement will terminate if Broker is not a natural person and in the event of a significant change in Broker's ownership or management, or in the event of the execution of an agreement of sale, transfer or merger of Broker, without prior notice and consent of Company.

Appears in 5 contracts

Samples: Selling Agreement (Bma Variable Life Account A), Group Selling Agreement (Conseco Variable Annuity Account H), Group Selling Agreement (Conseco Variable Insurace Co Separate Account I)

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Ownership Change. This Agreement will terminate if If Broker is not a natural person and person, this Agreement will terminate in the event of a significant change in Broker's ownership or management, or in the event of the execution of an agreement of sale, transfer or merger of Broker, without prior notice and consent of Company.

Appears in 1 contract

Samples: Selling Group Agreement (Jefferson National Life Annuity Account C)

Ownership Change. This Agreement agreement will terminate terminate, if Broker is not a natural person person, and in the event of a significant change in Broker's ownership or management, or in the event of the execution of an agreement of sale, transfer or merger of Broker, without prior notice and consent of Company.

Appears in 1 contract

Samples: Selling Agreement (Great American Reserve Insurance Co)

Ownership Change. This Agreement will terminate if Broker or Insurance Agent is not a natural person and in the event of a significant change in Broker's or Insurance Agent's ownership or managementmanagement as determined by the Underwriter or Company in their sole discretion, or in the event of the execution of an agreement of sale, transfer or merger of BrokerBroker or Insurance Agent, without prior notice and written consent of Company.

Appears in 1 contract

Samples: Group Selling Agreement (Rydex Advisor Variable Annuity Account)

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Ownership Change. This Agreement will terminate if Broker or Insurance Agent is not a natural person and in the event of a significant change in Broker's or Insurance Agent s ownership or managementmanagement as determined by the Underwriter or Company in their sole discretion, or in the event of the execution of an agreement of sale, transfer or merger of BrokerBroker or Insurance Agent, without prior notice and written consent of Company.

Appears in 1 contract

Samples: Group Selling Agreement (Rydex Advisor Variable Annuity Account)

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