Domestic Parent definition
Examples of Domestic Parent in a sentence
Promptly take all such actions as are necessary to assure that, as a Material Subsidiary (as defined in the Domestic Loan Agreement) of Domestic Parent, it is in compliance with all requirements applicable to Material Subsidiaries and other Subsidiaries of Domestic Parent pursuant to the Domestic Loan Agreement.
If any Travelers Insurer is a non-exclusive provider of a Product to any Domestic Parent Distributor on the date of this Agreement (the "Non-Exclusive Products"), such Travelers Insurer shall have the right to be a provider of such Product, on a non-exclusive, Level Playing Field basis, to such Domestic Parent Distributor during the Term.
The distribution of any Products offered by a Travelers Insurer and distributed by a Domestic Parent Distributor on the date hereof does not violate, breach, or constitute a default under any contract to which Parent or any Domestic Parent Distributor is a party or by which any of them or any of their respective assets is bound.
The rights granted to the Purchaser Insurers under this Section 3.4(b) shall not apply with respect to any new Private Label Product if an insurance company not Affiliated with Parent or Purchaser contacts or approaches the Domestic Parent Distributor, without solicitation by such Domestic Parent Distributor relating to such Private Label Product, about developing or the possibility of developing such Private Label Product.
The Purchaser and its Affiliates acknowledge and agree that this Confidential Information is the property of the Domestic Parent Distributors.
In the event that the applicable Purchaser Insurer or the applicable Domestic Parent Distributor determines to discontinue the use of any such materials, the parties shall cooperate with the applicable Purchaser Insurer to ensure that such use is discontinued by such Domestic Parent Distributor's Sales Force.
For the avoidance of doubt, in the event any Domestic Parent Distributor ceases to be an Affiliate of Parent, Parent's obligations under this Agreement with respect to such Domestic Parent Distributor shall no longer be applicable.
The parties also agree that this Section 4.2(b) shall not apply to individuals with whom Purchaser or the Purchaser Insurers have a pre-existing relationship other than through a Domestic Parent Distributor.
For each Domestic Parent Distributor that distributes a Product for a Travelers Insurer on the date of this Agreement, a Domestic Selling Agreement for the distribution of such Product, to take effect on the date of this Agreement, shall be executed and delivered by such Domestic Parent Distributor and the applicable Travelers Insurer on or prior to the date of this Agreement.
Confidential Information may be used to service Products and New Products, including, as appropriate, to accept additional contributions and premium for and to modify, add, or exchange coverage to any Product or New Product purchased by a policy owner who purchased from a Domestic Parent Distributor.