Common use of Policy Delivery Clause in Contracts

Policy Delivery. The Company may, upon written request of Broker-Dealer, transmit Policies to Broker-Dealer or Agency for delivery to Policyowners. Broker-Dealer hereby agrees to deliver all such Policies to policyowners promptly upon its receipt thereof from the Company. Broker-Dealer and Agency agree that the indemnification provisions of this Agreement include any and all costs, expenses, loss, damages and attorneys' fees resulting from Broker-Dealer's or Agency's failure to perform or inability to prove performance of the undertakings described in this paragraph, and authorizes the Company to set off any amount it owes the Company under this paragraph against any and all amounts otherwise payable to or on behalf of Broker-Dealer or Agency by the Company pursuant to this agreement. The Company reserves the right to revoke or withdraw this privilege, in whole or in part, at any time, and without prior notice.

Policy Delivery. The Company may, upon written request of Broker-Broker- Dealer, transmit Policies to Broker-Dealer or Agency for delivery to Policyowners. Broker-Dealer hereby agrees to deliver all such Policies to policyowners promptly upon its receipt thereof from the Company. Broker-Dealer and Agency agree agrees that the indemnification provisions of this Agreement paragraph 16(a) herein include any and all costs, expenses, loss, damages and attorneys' fees resulting from Broker-Broker- Dealer's or Agency's failure to perform or inability to prove performance of the undertakings described in this paragraph, and authorizes the Company to set off any amount it owes the Company under this paragraph against any and all amounts otherwise payable to or on behalf of Broker-Dealer or Agency by the Company pursuant to this agreement. The Company reserves the right to revoke or withdraw this privilege, in whole or in part, at any time, and without prior notice.