Common use of Selling Agreements Clause in Contracts

Selling Agreements. (a) To effectuate this Agreement, BlackRock will, or will cause a Controlled Affiliate of BlackRock to, and Xxxxxxx Xxxxx will cause one or more of the Xxxxxxx Xxxxx Distributors to, enter into, effective as of the date of the closing of the Transaction with respect to Covered Products existing as of such date, and from time to time thereafter with respect to all other Covered Products (subject to Section 8(a)), distribution, service or other necessary and appropriate agreements (collectively, “Selling Agreements”) that implement the terms and conditions of this Agreement and are otherwise consistent with industry practice, applicable Requirements of Law, Applicable Standards and Practices and the provisions of this Agreement. Subject to applicable Requirements of Law, the Parties agree to cooperate with each other from the date hereof with respect to seeking any approvals that may be required by a board of directors/trustees of any RIC that is a Covered Product. (b) Subject to applicable Requirements of Law and Applicable Standards and Practices, a Xxxxxxx Xxxxx Distributor that enters into a Selling Agreement with respect to a Covered Product will be entitled to receive compensation (including, as applicable, sales loads and other fees in accordance with applicable rules and regulations of the SEC and NASD and other Requirements of Law) with respect to the sale of such Covered Product as set forth in Section 4(a) of this Agreement. Xxxxxxx Xxxxx and BlackRock shall work together to develop a detailed understanding of the existing payment practices. (c) BlackRock and Xxxxxxx Xxxxx agree that this Agreement is intended to set out the principal business terms upon which they will enter into Selling Agreements during the term of this Agreement and that nothing in this Agreement creates a Selling Agreement with respect to any product or service. (d) In the event that the terms of a Selling Agreement conflict with the terms of this Agreement, the terms of this Agreement will control for purposes of the Selling Agreement.

Selling Agreements. (a) To effectuate facilitate operation under this Agreement, BlackRock will, or will cause a Controlled Affiliate of BlackRock to, and Xxxxxxx Xxxxx Mxxxxxx Lxxxx will cause one or more of the Xxxxxxx Xxxxx Mxxxxxx Lxxxx Distributors to, enter into, effective as of the date of the closing of the Transaction from time to time hereafter with respect to Covered Products existing as of such date, and from time to time thereafter with respect to all other Covered Products created in the future (subject to Section 8(a)), distribution, service or other necessary and appropriate agreements (collectively, “Selling Agreements”) Agreements that implement the terms and conditions of this Agreement or such other agreements, instruments or understandings, not inconsistent with the terms and conditions of this Agreement, that the parties may otherwise agree, in each case that are otherwise consistent with industry practice, applicable Requirements of Law, Applicable Standards and Practices and the provisions of this Agreement. Subject to applicable Requirements of Law, the Parties agree to cooperate with each other from the date hereof with respect to seeking any approvals that may be required by a board of directors/trustees of any RIC that is a Covered Product. (b) Subject to applicable Requirements of Law and Applicable Standards and Practices, a Xxxxxxx Xxxxx Mxxxxxx Lxxxx Distributor that enters into a Selling Agreement with respect to a Covered Product will be entitled to receive compensation (including, as applicable, sales loads and other fees in accordance with applicable rules and regulations of the SEC and NASD and other Requirements of Law) with respect to the sale of such Covered Product as set forth in Section 4(a) of this Agreement. Xxxxxxx Xxxxx and BlackRock shall work together to develop a detailed understanding of the existing payment practices. (c) BlackRock and Xxxxxxx Xxxxx Mxxxxxx Lxxxx agree that this Agreement is intended to set out the principal business terms upon which they will enter into Selling Agreements during the term of this Agreement and that nothing in this Agreement creates a Selling Agreement with respect to any product or service. (d) In the event that the terms of a any Selling Agreement conflict with the terms of this Agreement, the terms of this Agreement will control for purposes of the Selling Agreement.

Selling Agreements. (a) To effectuate facilitate operation under this Agreement, BlackRock will, or will cause a Controlled Affiliate of BlackRock to, and Xxxxxxx Xxxxx Mxxxxxx Lxxxx will cause one or more of the Xxxxxxx Xxxxx Mxxxxxx Lxxxx Distributors to, enter into, effective as of the date of the closing of the Transaction from time to time hereafter with respect to Covered Products existing as of such date, and from time to time thereafter with respect to all other Covered Products created in the future (subject to Section 8(a)), distribution, service or other necessary and appropriate agreements (collectively, “Selling Agreements”) Agreements that implement the terms and conditions of this Agreement or such other agreements, instruments or understandings, not inconsistent with the terms and conditions of this Agreement, that the Parties may otherwise agree, in each case that are otherwise consistent with industry practice, applicable Requirements of Law, Applicable Standards and Practices and the provisions of this Agreement. Subject to applicable Requirements of Law, the Parties agree to cooperate with each other from the date hereof with respect to seeking any approvals that may be required by a board of directors/trustees of any RIC that is a Covered Product. (b) Subject to applicable Requirements of Law and Applicable Standards and Practices, a Xxxxxxx Xxxxx Mxxxxxx Lxxxx Distributor that enters into a Selling Agreement with respect to a Covered Product will be entitled to receive compensation (including, as applicable, sales loads and other fees in accordance with applicable rules and regulations of the SEC and NASD FINRA and other Requirements of Law) with respect to the sale of such Covered Product as set forth in Section 4(a) of this Agreement. Xxxxxxx Xxxxx and BlackRock shall work together to develop a detailed understanding of the existing payment practices. (c) BlackRock and Xxxxxxx Xxxxx Mxxxxxx Lxxxx agree that this Agreement is intended to set out the principal business terms upon which they will enter into Selling Agreements during the term of this Agreement and that nothing in this Agreement creates a Selling Agreement with respect to any product or service. (d) In the event that the terms of a any Selling Agreement conflict with the terms of this Agreement, the terms of this Agreement will control for purposes of the Selling Agreement.

Selling Agreements. (a) To effectuate facilitate operation under this Agreement, BlackRock will, or will cause a Controlled Affiliate of BlackRock to, and Xxxxxxx Xxxxx will cause one or more of the Xxxxxxx Xxxxx Distributors to, enter into, effective as of the date of the closing of the Transaction from time to time hereafter with respect to Covered Products existing as of such date, and from time to time thereafter with respect to all other Covered Products created in the future (subject to Section 8(a)), distribution, service or other necessary and appropriate agreements (collectively, “Selling Agreements”) Agreements that implement the terms and conditions of this Agreement or such other agreements, instruments or understandings, not inconsistent with the terms and conditions of this Agreement, that the Parties may otherwise agree, in each case that are otherwise consistent with industry practice, applicable Requirements of Law, Applicable Standards and Practices and the provisions of this Agreement. Subject to applicable Requirements of Law, the Parties agree to cooperate with each other from the date hereof with respect to seeking any approvals that may be required by a board of directors/trustees of any RIC that is a Covered Product. (b) Subject to applicable Requirements of Law and Applicable Standards and Practices, a Xxxxxxx Xxxxx Distributor that enters into a Selling Agreement with respect to a Covered Product will be entitled to receive compensation (including, as applicable, sales loads and other fees in accordance with applicable rules and regulations of the SEC and NASD FINRA and other Requirements of Law) with respect to the sale of such Covered Product as set forth in Section 4(a) of this Agreement. Xxxxxxx Xxxxx and BlackRock shall work together to develop a detailed understanding of the existing payment practices. (c) BlackRock and Xxxxxxx Xxxxx agree that this Agreement is intended to set out the principal business terms upon which they will enter into Selling Agreements during the term of this Agreement and that nothing in this Agreement creates a Selling Agreement with respect to any product or service. (d) In the event that the terms of a any Selling Agreement conflict with the terms of this Agreement, the terms of this Agreement will control for purposes of the Selling Agreement.