Common use of Subagents Clause in Contracts

Subagents. Agency is authorized to appoint Subagents to solicit sales of the Contracts ("Subagents"); provided, however, that PL&A shall have the right in its sole discretion to terminate the appointment of any Subagent upon notice from PL&A to Agency. Agency warrants that no Subagent shall commence solicitation nor aid, directly or indirectly, in the solicitation of any application for any Contract unless, at the time of such solicitation or aid, such Subagent is appropriately licensed for such product under applicable insurance laws and is an NASD registered representative of Broker/Dealer. Selling Entities each represent that they have, for each Subagent, fulfilled all requirements set forth in the form of general letter of recommendation set forth in Schedule C hereto; and agree, upon reasonable request by PL&A, to furnish proof of such fulfillment as PL&A may require.

Appears in 5 contracts

Samples: Contract Selling Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui), Contract Selling Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui), Contract Selling Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui)

AutoNDA by SimpleDocs

Subagents. Agency is authorized to appoint Subagents to solicit sales of the Contracts ("Subagents"); provided, however, that PL&A PL & A shall have the right in its sole discretion to terminate the appointment of any Subagent upon notice from PL&A PL & A to Agency. Agency warrants that no Subagent shall commence solicitation nor aid, directly or indirectly, in the solicitation of any application for any Contract unless, at the time of such solicitation or aid, such Subagent is appropriately licensed for such product under applicable insurance laws and is an NASD registered representative of Broker/Dealer. Selling Entities each represent that they have, for each Subagent, fulfilled all requirements set forth in the form of general letter of recommendation set forth in Schedule Exhibit C hereto; and agree, upon reasonable request by PL&APL & A, to furnish proof of such fulfillment as PL&A PL & A may require.

Appears in 4 contracts

Samples: Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co), Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co), Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co)

AutoNDA by SimpleDocs

Subagents. Agency is authorized to appoint Subagents to solicit sales of the Contracts ("Subagents"); provided, however, that PL&A shall have the right in its sole discretion to terminate the appointment of any Subagent upon notice from PL&A to Agency. Agency warrants that no Subagent shall commence solicitation nor aid, directly or indirectly, in the solicitation of any application for any Contract unless, at the time of such solicitation or aid, such Subagent is appropriately licensed for such product under applicable insurance laws and is an NASD registered representative of Broker/Dealer. Selling Entities each represent that they have, for each Subagent, fulfilled all requirements set forth in the form of general letter of recommendation set forth in Schedule C hereto; and agree, upon reasonable request by PL&A, to furnish proof of such fulfillment as PL&A may require.

Appears in 1 contract

Samples: Annuity Company Variable Contract Selling Agreement (Separate Account a of Pacific Life & Annuity Co)

Time is Money Join Law Insider Premium to draft better contracts faster.