Common use of RIGHTS AND OBLIGATIONS OF LMG Clause in Contracts

RIGHTS AND OBLIGATIONS OF LMG. 3.1 At all times during the term of this Agreement, LMG (or the licensed individual who is acting on behalf of LMG in the capacity of an Officer in such states that do not permit the licensing of corporations) and all Wholesalers and Producers shall be properly licensed with each state or other jurisdiction and properly appointed with Xxxxxxx in each state or other jurisdiction within the Territory before engaging in any activity which under the laws of such state or other jurisdiction makes such licensing and appointment necessary. Without limiting the generality of the foregoing, LMG shall require all such Wholesalers and Producers to, at all times, bear the cost of maintaining all licenses required by any such state, it being understood that Xxxxxxx is not responsible for licensing fees or other costs of licensing.

Appears in 1 contract

Samples: 3 Marketing Agreement (Regan Holding Corp)

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RIGHTS AND OBLIGATIONS OF LMG. 3.1 At all times during the term of this Agreement, LMG (or the licensed individual who is acting on behalf of LMG in the capacity of an Officer in such states that do not permit the licensing of corporations) and all Wholesalers and Producers shall be properly licensed with each state or other jurisdiction and properly appointed with Xxxxxxx Hxxxxxx in each state or other jurisdiction within the Territory before engaging in any activity which under the laws of such state or other jurisdiction makes such licensing and appointment necessary. Without limiting the generality of the foregoing, LMG shall require all such Wholesalers and Producers to, at all times, bear the cost of maintaining all licenses required by any such state, it being understood that Xxxxxxx Hxxxxxx is not responsible for licensing fees or other costs of licensing.

Appears in 1 contract

Samples: Marketing Agreement (Regan Holding Corp)

RIGHTS AND OBLIGATIONS OF LMG. 3.1 3.1. At all times during the term of this Agreement, LMG (or the licensed individual who is acting on behalf of LMG in the capacity of an Officer in such states that do not permit the licensing of corporations) and all Wholesalers and Producers shall be properly licensed with each state or other jurisdiction and properly appointed with Xxxxxxx CONSECO in each state or other jurisdiction within the Territory before engaging in any activity which that under the laws of such state or other jurisdiction makes such licensing and appointment necessary. Without limiting the generality of the foregoing, LMG shall require all such Wholesalers and Producers to, at all times, bear the cost of maintaining all licenses required by any such state, it being understood that Xxxxxxx CONSECO is not responsible for licensing fees or other costs of licensing. *Confidential information omitted and filed separately with the SEC.

Appears in 1 contract

Samples: Marketing Agreement (Regan Holding Corp)

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RIGHTS AND OBLIGATIONS OF LMG. 3.1 At all times during the term of this Agreement, LMG (or the licensed individual who is acting on behalf of LMG in the capacity of an Officer in such states that do not permit the licensing of corporations) and all Wholesalers and Producers shall be properly licensed with each state or other jurisdiction and properly appointed with Xxxxxxx IIC in each state or other jurisdiction within the Territory before engaging in any activity which that under the laws of such state or other jurisdiction makes such licensing and appointment necessary. Without limiting the generality of the foregoing, LMG shall require all such Wholesalers and Producers to, at all times, bear the cost of maintaining all licenses required by any such state, it being understood that Xxxxxxx IIC is not responsible for licensing fees or other costs of licensing.

Appears in 1 contract

Samples: Marketing Agreement (Regan Holding Corp)

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