Common use of Securities Law Registration Clause in Contracts

Securities Law Registration. The Distributor will execute such papers and do such acts and things as shall from time to time be reasonably requested by the Company for the purpose of (a) maintaining the registration of the Contracts under the 1933 Act and the Account under the 1940 Act and (b) qualifying and maintaining qualification of the Contracts for sale under the applicable laws of any state. Each party hereto shall advise the other promptly of (a) any action of the SEC or any authorities of any state or territory, of which it has knowledge, affecting the registration or qualification of the Account or the Contracts, or the right to offer the Contracts for sale or (b) the happening of any event which makes untrue any statement, or which requires the making of any change in any Registration Statement or any current prospectus or statement of additional information, in order to make the statement therein not materially misleading.

Securities Law Registration. The Distributor will execute such papers and do such acts and things as shall from time to time be reasonably requested by the Company for the purpose of (a) maintaining the registration of the Contracts under the 1933 Act and the Account under the 1940 Act and (b) qualifying and maintaining qualification of the Contracts for sale under the applicable laws of any state. Each party hereto shall advise the other promptly of (a) any action of the SEC or any authorities of any state or of territory, of which it has knowledge, affecting the registration or of qualification of the Account or the Contracts, or the right to offer the Contracts for sale or (b) the happening of any event which makes untrue any statement, or which requires the making of any change in any Registration Statement or any current prospectus or statement of additional information, in order to make the statement statements therein not materially misleading.