Common use of Rejection and Return of Contracts Clause in Contracts

Rejection and Return of Contracts. Company and/or its Affiliates shall have the unconditional right to reject, in whole or in part, any application for a Contract. If Company and/or its Affiliates reject an application, Company or its Affiliate, as applicable, shall promptly return any purchase payments received directly to the purchaser or to the Broker, and, in the latter case, Broker shall be responsible for promptly returning such payments to the purchaser. If any purchaser of a Contract elects to return such Contract pursuant to any law or contractual provision, any purchase payment made or such other amount, as the Contract or Applicable Laws shall specify, shall be returned by Company or its Affiliate to the purchaser or to the Broker, and, in the latter case, the Broker shall be responsible for promptly returning such payments to the purchaser. Except as may otherwise be provided in Exhibits A and/or B, if a purchase payment is either refunded or returned to the purchaser, no commission shall be payable to Broker hereunder, and any commission received by Broker shall be returned promptly to Company or its Affiliates where applicable. Company and its Affiliates, where applicable, may, at their option, offset any such amounts against any other amounts due to Broker as referenced in V(B).

Rejection and Return of Contracts. Company and/or its Affiliates _________________________________ shall have the unconditional right to reject, in whole or in part, any application for a Contract. If Company and/or its Affiliates reject an application, Company or its Affiliate, as applicable, shall promptly return any purchase payments received directly to the purchaser or to the Broker, and, in the latter case, Broker shall be responsible for promptly returning such payments to the purchaser. If any purchaser of a Contract elects to return such Contract pursuant to any law or contractual provision, any purchase payment made or such other amount, as the Contract or Applicable Laws shall specify, shall be returned by Company or its Affiliate to the purchaser or to the Broker, and, in the latter case, the Broker shall be responsible for promptly returning such payments to the purchaser. Except as may otherwise be provided in Exhibits A and/or B, if a purchase payment is either refunded or returned to the purchaser, no commission shall be payable to Broker hereunder, and any commission received by Broker shall be returned promptly to Company or its Affiliates where applicable. Company and its Affiliates, where applicable, may, at their option, offset any such amounts against any other amounts due to Broker as referenced in V(B).

Rejection and Return of Contracts. Company and/or its Affiliates shall --------------------------------- have the unconditional right to reject, in whole or in part, any application for a Contract. If Company and/or its Affiliates reject an application, Company or its Affiliate, as applicable, shall promptly return any purchase payments received directly to the purchaser or to the Broker, and, in the latter case, Broker shall be responsible for promptly returning such payments to the purchaser. If any purchaser of a Contract elects to return such Contract pursuant to any law or contractual provision, any purchase payment made or such other amount, as the Contract or Applicable Laws shall specify, shall be returned by Company or its Affiliate to the purchaser or to the Broker, and, in the latter case, the Broker shall be responsible for promptly returning such payments to the purchaser. Except as may otherwise be provided in Exhibits A and/or B, if a purchase payment is either refunded or returned to the purchaser, no commission shall be payable to Broker hereunder, and any commission received by Broker shall be returned promptly to Company or its Affiliates where applicable. Company and its Affiliates, where applicable, may, at their option, offset any such amounts against any other amounts due to Broker as referenced in V(B).