Common use of Collection of Payments Clause in Contracts

Collection of Payments. Only the initial purchase payments for the Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter and its Affiliates.

Appears in 6 contracts

Samples: Sales Agreement (New England Variable Life Separate Account), Sales Agreement (Brighthouse Separate Account A), Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co OF NY)

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Collection of Payments. Only the initial purchase payments for the ---------------------- Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter MLIDC or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter MLIDC and its Affiliates.

Appears in 5 contracts

Samples: Company Sales Agreement (Paragon Separate Account B), Sales Agreement (Metlife Investors Usa Separate Account A), Sales Agreement (First Metlife Investors Variable Annuity Account One)

Collection of Payments. Only the initial purchase payments for the Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter MLIDC or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter MLIDC and its Affiliates.

Appears in 3 contracts

Samples: Sales Agreement (Paragon Separate Account A), Sales Agreement (MetLife of CT Separate Account QPN), Sales Agreement (Metropolitan Life Variable Annuity Separate Account II)

Collection of Payments. Only the initial purchase payments for the ----------------------- Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter MLIDC or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter MLIDC and its Affiliates.

Appears in 2 contracts

Samples: Sales Agreement (Metlife Investors Variable Annuity Account One), Sales Agreement (Metlife Investors Variable Annuity Account One)

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Collection of Payments. Only the initial purchase payments for ----------------------- the Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter and its Affiliates.

Appears in 1 contract

Samples: Sales Agreement (New England Variable Life Separate Account)

Collection of Payments. Only the initial purchase payments for the ----------------------- Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter and its Affiliates.

Appears in 1 contract

Samples: Sales Agreement (Brighthouse Variable Annuity Account B)

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