Company Recipients definition
Examples of Company Recipients in a sentence
The Distributor shall notify all Insurance Company Recipients of the Minimum Qualified Holdings and the rate of payments hereunder applicable to Insurance Company Recipients, and shall provide each Insurance Company Recipient with written notice within thirty (30) days after any change in these provisions.
If the Distributor still is not satisfied, it may take appropriate steps to terminate the Insurance Company Recipient's status as such under the Plan, whereupon such entity's rights as a third-party beneficiary hereunder shall terminate.
Such Insurance Company Recipients are intended to have certain rights as third-party beneficiaries under this Plan.
The Distributor will use such fee received from the Fund in its entirety for payments to Insurance Company Recipients and for its other expenditures and costs of the type approved by the Board incurred in connection with the personal service and maintenance of Accounts including, but not limited to, the services described in the following two paragraphs.
The Distributor is authorized under the Plan to pay "Insurance Company Recipients," as hereinafter defined, for rendering services and for the maintenance of Accounts and for distributing Service Shares.
The Distributor is authorized under the Plan to pay "Insurance Company Recipients," as hereinafter defined, for rendering services and for the maintenance of Accounts.
The Distributor will use such fee received from the Fund in its entirety to reimburse itself for payments to Insurance Company Recipients and for its other expenditures and costs of the type approved by the Board incurred in connection with the personal service and maintenance of Accounts including, but not limited to, the services described in the following paragraph.
The aforementioned limitations of liability will not apply to claims associated with (i) the infringement of a third party's intellectual property by the Product/Special Services; (ii) either party's willful misconduct or gross negligence; (iii) Company Recipient's misuse (including, but not limited any material violation of the use restrictions) of the Product, the Special Services or any ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇.
In the event an Agreement expires or terminates for any reason, Company Recipient will immediately cease to use the Product, the Special Services and any Morningstar Marks provided thereunder, and destroy all copies in any form or media of the Product within Company Recipient's possession, custody or control.
Morningstar may send Company Recipient written notification of Company Recipient's required revisions to the materials if Morningstar, in its reasonable judgment, determines that Company Recipient's use of any Morningstar intellectual property in those materials violates an Agreement or any Morningstar usage guidelines, as may be referenced in the applicable Product License Agreement/Service Order.