Refund of Compensation. Broker-Dealer agrees to repay Company the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Company for any reason return any premium on a Product which was solicited by a Registered Representative of Broker-Dealer.
Refund of Compensation. No compensation shall be payable, and the Distributor and the Distributor Agency(ies) jointly and severally agree to reimburse the ING Broker-Dealer promptly, and in any event within 30 days, for any compensation paid to the Distributor or its Representatives under each of the following conditions: a) if an ING Insurer, in its sole discretion, determines not to issue the Contract applied for; b) if an ING Insurer refunds the premiums or purchase payments upon the applicant's surrender or withdrawal pursuant to any "free-look" privilege; c) if an ING Insurer refunds the premiums or purchase payments paid by applicant as a result of a complaint by applicant, recognizing that the ING Insurer has sole discretion to refund premiums or purchase payments; d) if an ING Insurer determines that any person signing an application who is required to be licensed and appointed or any other person or entity receiving compensation for soliciting purchase of the Contracts is not duly licensed and appointed to sell the Contracts in the jurisdiction of such sale or attempted sale; and e) as may be otherwise provided in the Compensation Schedule.
Refund of Compensation. Any indebtedness owed to Insurer resulting from commission charge backs to Broker/Dealer or any agency is the obligation of Broker/Dealer or Agency, regardless of Broker/Dealer's or Agency's ability to collect from the Producer. Broker/Dealer and each Agency agrees to repay Insurer within thirty (30) business days of notice of the request for such refund, any compensation amounts charged back to the Broker/Dealer or Agency by Insurer under the terms of the Commission Chargeback Provision of Schedule B Commission Schedules: Terms and Conditions and any amended commission schedules for Contracts solicited by a Producer, or former Producer, of Broker/Dealer. Upon termination of this Agreement, for any reason, Broker/Dealer or Agency will pay Insurer any indebtedness owed to Insurer within thirty (30) business days. Insurer shall have the right to offset any such compensation required to be refunded against amounts otherwise payable hereunder by Insurer.
Refund of Compensation. If any Shares sold to Dealer under the terms of this Agreement are repurchased by the Fund, or are tendered for redemption, within seven business days after the date of the Company's confirmation of the original purchase by Dealer, Dealer shall promptly refund to the Company the full Dealer Commission received by Dealer pursuant to 4(a) above.
Refund of Compensation. No compensation shall be payable, and Broker-Dealer agrees to reimburse Distributor for any compensation paid to Broker-Dealer or its Representatives, or Insurance Agency under each of the following conditions: (i) if Insurer, in its sole discretion, determines not to issue the Contract applied for; (ii) if Insurer refunds the Premiums upon the applicant's surrender or withdrawal pursuant to any "free-look" privilege; (iii) if Insurer refunds the Premiums paid by applicant as a result of a complaint by applicant, recognizing that Insurer has sole discretion to refund Premiums; and (iv) if Insurer determines that any person signing an application who is required to be licensed or any other person or entity receiving compensation for soliciting purchase of the Contracts is not duly licensed to sell the Contracts in the jurisdiction of such sale or attempted sale.
Refund of Compensation. No compensation shall be payable, and SELLING ---------------------- BROKER-DEALER and AGENCY jointly and severally agree to reimburse ING AMERICA EQUITIES promptly, and in any event within 30 days, for any compensation paid to SELLING BROKER-DEALER or its Representatives under each of the following conditions: a) if the INSURER, in its sole discretion, determines not to issue the Contract applied for; b) if the INSURER refunds the premiums or purchase payments upon the applicant's surrender or withdrawal pursuant to any "free-look" privilege; c) if the INSURER refunds the premiums or purchase payments paid by applicant as a result of a complaint by applicant, recognizing that the INSURER has sole discretion to refund premiums or purchase payments; d) if the INSURER determines that any person signing an application who is required to be licensed or any other person or entity receiving compensation for soliciting purchase of the Contracts is not duly licensed to sell the Contracts in the jurisdiction of such sale or attempted sale; e) if a Contract is surrendered, lapsed or exchanged within six months of the date it was issued by the INSURER; and f) as may be otherwise provided in the Compensation Schedule.
Refund of Compensation. Should the Company in its sole discretion for any reason refund or credit to the customer any premium, the Specialty Broker will promptly, on demand, refund to the Company all compensation paid to the Specialty Broker for such premium. Compensation adjustments may be made on decreases in premium for which first year compensation has previously been paid.
Refund of Compensation. Should the Company in its sole discretion for any reason refund or credit to the customer any premium, the MGA will promptly, on demand, refund to the Company all compensation paid to the MGA for such premium. Compensation adjustments may be made on decreases in premium for which first year compensation has previously been paid.
Refund of Compensation. A. In the event NEOPOINT terminates this Agreement for cause at any time during the term hereof, all funds held in the Escrow Account shall be immediately returned to NEOPOINT and NEOPOINT shall have no further payment obligations hereunder.
B. In the event NEXCOM fails to meet a Milestone in a timely manner and NEOPOINT elects not to terminate the Agreement due to such failure, NEOPOINT shall have the right to cause the Escrow Agent to refund to NEOPOINT three percent (3%) of all funds then held in the Escrow Account (the "Refund Right"
Refund of Compensation. Producer agrees to repay MassMutual the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should MassMutual for any reason return any premium or other deposits on a Product which was solicited by a representative of Producer.
