Principal Underwriter. American Skandia grants to ASM, Inc. the exclusive right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Securities Exchange Act, to be the distributor and principal underwriter of the Annuities. ASM, Inc. is responsible for compliance with the foregoing laws, and the rules and regulations thereunder, and all other securities laws, rules and regulations relating to the underwriting of sales and distributions. American Skandia will pay ASM, Inc. commissions for acting as principal underwriter, and ASM, Inc. will remit all of such commissions to the broker-dealers that sell the Annuities pursuant to the Sales Agreements described in paragraph 2 below.
Appears in 13 contracts
Samples: Principal Underwriter Agreement (Prudential Annuities Life Assurance Corp/Ct), Principal Underwriter Agreement (Prudential Annuities Life Assurance Corp/Ct), Principal Underwriter Agreement (Prudential Annuities Life Assurance Corp/Ct)
