Selling Group Clause Samples
The Selling Group clause defines the group of underwriters or dealers authorized to sell securities in a public offering. It typically outlines the roles, responsibilities, and limitations of each member within the group, such as how securities are allocated, the procedures for placing orders, and the compensation structure. By clearly establishing the framework for cooperation among multiple parties, this clause ensures an organized and efficient distribution process, minimizing conflicts and clarifying each participant's obligations.
Selling Group. MMLIS may enter into sales agreements for the sale of the Contracts with independent broker-dealer firms (“Independent Brokers”) whose registered representatives have been or shall be licensed and appointed as life insurance agents of MassMutual. All such agreements shall be in a form agreed to by MassMutual. All such agreements shall provide that the Independent Brokers must assume full responsibility for continued compliance by itself and its associated persons with FINRA rules (the “Rules”) and all applicable federal and state securities and insurance laws. All associated persons of such Independent Brokers soliciting applications for the Contracts shall be duly and appropriately licensed and appointed for the sale of the Contracts under the Rules and applicable federal and state securities and insurance laws.
Selling Group. MML DISTRIBUTORS may enter into sales agreements for the sale of the Contracts with independent broker-dealer firms ("Independent Brokers") whose registered representatives have been or shall be licensed and appointed as life insurance agents of MassMutual. All such agreements shall be in a form agreed to by MassMutual. All such agreements shall provide that the Independent Brokers must assume full responsibility for continued compliance by itself and its associated persons with the NASD Rules of Fair Practice (the "Rules") and all applicable federal and state securities and insurance laws. All associated persons of such Independent Brokers soliciting applications for the Contracts shall be duly and appropriately licensed and appointed for the sale of the Contracts under the Rules and applicable federal and state securities and insurance laws.
Selling Group. MSD may enter into sales agreements for the sale of the Contracts with independent broker-dealer firms (“Independent Brokers”) whose registered representatives have been or shall be licensed and appointed as life insurance agents of MassMutual. All such agreements shall be in a form agreed to by MassMutual. All such agreements shall provide that the Independent Brokers must assume full responsibility for continued compliance by itself and its associated persons with FINRA rules (the “Rules”) and all applicable federal and state securities and insurance laws. All associated persons of such Independent Brokers soliciting applications for the Contracts shall be duly and appropriately licensed and appointed for the sale of the Contracts under the Rules and applicable federal and state securities and insurance laws.
Selling Group. The Dealer Manager shall have the right to associate with other broker/dealers ("BROKER/DEALERS") as it may determine and shall have the right to grant to such persons such concessions out of the commissions to be received by the Dealer Manager as the Dealer Manager may determine, under and pursuant to a Selected Dealer Agreement in the form filed as an exhibit to the Registration Statement. All sales of Shares shall be made as an agent for the Fund.
Selling Group. Each member of the Selling Group, severally, but not jointly, will indemnify and hold harmless the Company, each of its directors, each of its officers who signs the registration statement, and any person who controls the Company within the meaning of the Act (or the Exchange Act) for, from, and against any losses, claims, damages, or liabilities to which the Company or any such director or officer or controlling person may become subject under the Act, the Exchange Act, or otherwise, if such losses, claims, damages, or liabilities (or actions in respect thereof) arise solely out of or are based solely on any untrue or alleged untrue statement of a material fact contained in the registration statement, the prospectus, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact necessary to be stated therein to make the statements therein not misleading, in each case if, and only if, such untrue statement or alleged untrue statement or omission or alleged omission was made in the registration statement, the prospectus, or such amendment or supplement in reliance upon and in conformity with written information concerning such member of the Selling Group furnished to the Company by or on behalf of such member of the Selling Group for use in the registration statement and the prospectus or any amendment or supplement thereto, and will reimburse any legal or other expense reasonably incurred by the Company or such director or officer or controlling person in connection with investigating or defending any such loss, claim, damage, liability, or action. This indemnity obligation provided hereunder is in addition to any other liability or obligation which the Selling Group or each member of the Selling Group separately may otherwise have to the Company or which may exist at common law or under any applicable statute.
Selling Group. The Agent hereby reserves the right, subject to the prior approval of the Corporation, such approval not to be unreasonably withheld, to form a selling group consisting of other registered securities dealers including, with limitation, dealer sub-agents, upon such terms and conditions as the Agent may deem appropriate, provided, however, that any fee charged by such registered securities dealers shall not exceed, and in no event, shall the Corporation be required to pay in excess of, the Commission as set out herein in section 19 hereof and shall be payable by the Agent.
Selling Group. The Underwriters shall be entitled to appoint, at the Underwriters’ expense, a soliciting dealer group consisting of other registered dealers acceptable to the Company for the purposes of arranging for purchases of the Securities (the “Selling Group”). The Underwriters shall ensure that any investment dealer who is a member of any Selling Group formed by the Underwriters pursuant to the provisions of this Agreement or with whom any Underwriter has a contractual relationship with respect to the Offering, if any, agrees with such Underwriter to comply with the covenants and obligations given by the Underwriters herein.
Selling Group. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ further agree during the term of this Agreement to recommend to MSI clients which have already contracted with another broker-dealer other than ▇▇▇▇ in connection with their public security offerings that such client include ▇▇▇▇ as part of the selling group. ▇▇▇▇ ▇▇▇ accept or reject becoming part of a selling group.
Selling Group. MMLD may enter into sales agreements for the sale of the Contracts with independent broker-dealer firms (“Independent Brokers”) whose registered representatives have been or shall be licensed and appointed as life insurance agents of MassMutual. All such agreements shall be in a form agreed to by MassMutual. All such agreements shall provide that the Independent Brokers must assume full responsibility for continued compliance by itself and its associated persons with FINRA rules (the “Rules”) and all applicable federal and state securities and insurance laws. All associated persons of such Independent Brokers soliciting applications for the Contracts shall be duly and appropriately licensed and appointed for the sale of the Contracts under the Rules and applicable federal and state securities and insurance laws.
Selling Group. The Corporation agrees that, subject to the consent of the Corporation, such consent not to be unreasonably withheld or delayed, the Agents shall have the right to invite one or more securities dealers to form a selling group to participate in finding purchasers for the Units. The Agents shall have the right to control all compensation arrangements between the members of the selling group provided that the Corporation shall in no way be responsible for payment of any compensation to the Agents or their selling group members in excess of that expressly payable hereunder. The Corporation grants all of the rights and benefits of this Agreement to any securities dealer who is a member of any selling group formed by the Agents and appoints the Agents as trustee of such rights and benefits for all such securities dealers, and the Agents hereby accept such trust and agree to hold such rights and benefits for and on behalf of all such securities dealers. The Agents shall ensure that any securities dealer who is a member of any selling group formed by the Agents pursuant to the provisions of this subsection 2(b) or with whom the Agents have a contractual relationship with respect to the Offering, if any, agrees with the Agents to comply with the covenants and obligations given by the Agents herein. The Corporation agrees and acknowledges that the obligations of the Agents and those members of the selling group (if any) pursuant to this Agreement are several and not joint.