Common use of SUSPENSION OR RESTRICTION OF SALES Clause in Contracts

SUSPENSION OR RESTRICTION OF SALES. AGL, in its sole discretion, may suspend or restrict the sale of any Contract in any state or other jurisdiction upon 30 days' prior written notice to DISTRIBUTOR or upon such shorter notice period as may be required by applicable law, without incurring any liability or obligation to DISTRIBUTOR. Upon such notice, DISTRIBUTOR agrees to immediately cease, and shall instruct all Selling Group Members (as defined below) to immediately cease, all solicitation activity with respect to the Contracts in those states or other jurisdictions where AGL has suspended or restricted the sale of Contracts. In addition, notwithstanding any provision herein to the contrary, AGL may refuse to sell any Contract to any applicant for any reason.

Appears in 3 contracts

Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D)

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SUSPENSION OR RESTRICTION OF SALES. AGL, in its sole discretion, may ---------------------------------- suspend or restrict the sale of any Contract in any state or other jurisdiction upon 30 days' prior written notice to DISTRIBUTOR or upon such shorter notice period as may be required by applicable law, without incurring any liability or obligation to DISTRIBUTOR. Upon such notice, DISTRIBUTOR agrees to immediately cease, and shall instruct all Selling Group Members (as defined below) to immediately cease, all solicitation activity with respect to the Contracts in those states or other jurisdictions where AGL has suspended or restricted the sale of Contracts. In addition, notwithstanding any provision herein to the contrary, AGL may refuse to sell any Contract to any applicant for any reason.

Appears in 2 contracts

Samples: Master Marketing and Distribution Agreement (Agl Separate Account D), Master Marketing and Distribution Agreement (Agl Separate Account D)

SUSPENSION OR RESTRICTION OF SALES. AGLAGNY, in its sole discretion, may suspend or restrict the sale of any Contract in any state or other jurisdiction upon 30 days' prior written notice to DISTRIBUTOR or upon such shorter notice period as may be required by applicable law, without incurring any liability or obligation to DISTRIBUTOR. Upon such notice, DISTRIBUTOR agrees to immediately cease, and shall instruct all Selling Group Members (as defined below) to immediately cease, all solicitation activity with respect to the Contracts in those states or other jurisdictions where AGL AGNY has suspended or restricted the sale of Contracts. In addition, notwithstanding any provision herein to the contrary, AGL AGNY may refuse to sell any Contract to any applicant for any reason.

Appears in 2 contracts

Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co of New York Separ Acct E), Master Marketing and Distribution Agreement (American General Life Insurance Co of New York Separ Acct E)

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SUSPENSION OR RESTRICTION OF SALES. AGLUSL, in its sole discretion, may suspend or restrict the sale of any Contract in any state or other jurisdiction upon 30 days' prior written notice to DISTRIBUTOR or upon such shorter notice period as may be required by applicable law, without incurring any liability or obligation to DISTRIBUTOR. Upon such notice, DISTRIBUTOR agrees to immediately cease, and shall instruct all Selling Group Members (as defined below) to immediately cease, all solicitation activity with respect to the Contracts in those states or other jurisdictions where AGL USL has suspended or restricted the sale of Contracts. In addition, notwithstanding any provision herein to the contrary, AGL USL may refuse to sell any Contract to any applicant for any reason.

Appears in 1 contract

Samples: Master Marketing and Distribution Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R)

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