Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of the obligation of the U.S. Underwriters to purchase and the Company to sell the relevant U.S. Option Securities, as the case may be, either the U.S. Representatives or the Company shall have the right to postpone Closing Time or the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other documents or arrangements. As used herein, the term "U.S. Underwriter" includes any person substituted for a U.S. Underwriter under this Section 10.
Underwriter. The Company understands that the Purchaser disclaims being an "underwriter" (as such term is defined under the Securities Act and the rules and regulations promulgated thereunder (an "Underwriter")), but Purchaser being deemed an Underwriter shall not relieve the Company of any obligation it has hereunder.
Underwriter. The Manager may settle or consent to the settlement of any such Action, but only in compliance with Section 9.7 hereof.
Underwriter. The term "Underwriter" shall mean collectively (a) the investment banking firms that prospectively may enter into the Underwriting Agreement and (b) from and after the IPO Pricing Date, the investment banking firms party to the Underwriting Agreement.
Underwriter. (a) United Investors grants to W&R the right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Exchange Act, to be the distributor and principal underwriter of the Policies. W&R agrees to use its best efforts to distribute the Policies, and to undertake to provide sales services relative to the Policies and otherwise to perform all duties and functions necessary and proper for the distribution of the Policies.
(b) To the extent necessary to offer the Policies, W&R shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales representatives of W&R soliciting applications for the Policies shall by duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies under the federal securities laws, any applicable insurance laws and securities laws of each state or other jurisdiction in which such policies may lawfully be sold and in which United Investors is licensed to sell Policies. Such direct sales representatives of W&R shall be independent contractors. W&R shall be responsible for the training, supervision, and control of its representatives for the purposes of NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177.
(c) W&R agrees to offer the Polices for sale accordance with the prospectus therefor filed with the Securities and Exchange Commission ("Commission") then in effect. W&R is not authorized to give any information or to make any representations concerning the Policies other than those contained in such current prospectus or in such sales literature as may be authorized by United Investors.
(d) All purchase payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly to United Investors or its designated servicing agent and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable Account.
Underwriter. No action taken pursuant to this Section shall relieve any defaulting U.S. Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement, the U.S. Representatives, the Selling Shareholders or the Company shall have the right to postpone Closing Time or a Date of Delivery for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectuses or in any other documents or arrangements.
Underwriter. Schedule A
Underwriter. American Investors Group, Inc., a Minnesota corporation, or its successors in interest.
Underwriter. BlackRock Distributors, Inc., a broker-dealer registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, and a member in good standing of the National Association of Securities Dealers, Inc., will act as principal underwriter of the shares of the Fund under the Agreement. References to “FAM Distributors, Inc.” or “Distributors” shall mean “BlackRock Distributors, Inc.” Effective September 29, 2006 (the “Effective Date”) BlackRock Distributors, Inc. assumed all of FAM Distributor’s rights, duties and obligations arising under the Agreement. Insurer hereby expressly and absolutely releases FAM Distributors from all of their respective duties and obligations arising under the Agreement on or after the Effective Date.
Underwriter. References to "Xxxxxxx Xxxxx Funds Distributors, Inc. and "
