IDI Business definition
Examples of IDI Business in a sentence
With respect to any independent contractor agreements with independent contractors that relate primarily to the IDI Business and that are not with SpinCo or a SpinCo Group member, the Parties shall use reasonable best efforts to assign the applicable Contract and related Liabilities to a member of the SpinCo Group in the applicable jurisdiction.
All faxed or transmitted New IDI Business Documents shall be captured as images or PDF’s by MetLife and become MetLife’s official company record.
You shall fax the New IDI Business Documents to a specified fax server using a fax number provided by MetLife or electronically transmit New IDI Business Documents via an electronic process approved by MetLife.
You shall not mail original New IDI Business Documents to MetLife after those documents have been faxed to the fax server or electronically transmitted to MetLife.
You shall not retain original hard copies of faxed or electronically transmitted New IDI Business Documents beyond ninety (90) days after faxing or transmitting such documents to MetLife.
You must destroy all original New IDI Business Documents by shredding or similar method that renders the materials unreadable.
Writing Producer shall retain all original New IDI Business Documents for twenty-one (21) days after faxing or transmitting them electronically to MetLife, unless requested to submit the original(s) to MetLife for audit or other review purposes before that time.
The fax or electronic transmission process currently applies only to new IDI insurance business documents including but not limited to the completed application form, signed authorization, signed illustration, and all other documents included in or pertaining to the IDI insurance application package (“New IDI Business Documents”).
You represent that the documents faxed or electronically submitted to MetLife are exact copies of the New IDI Business Documents.
Notwithstanding anything to the contrary, nothing contained in Section 5.4 or Section 5.5 shall limit, restrict or in any way affect any action proposed, taken or omitted by any Stockholder solely with respect to the IDI Business, SpinCo Assets, or any of the SpinCo Subsidiaries.