Contract Issue Sample Clauses
A Contract Issue clause defines the procedures and requirements for formally issuing or executing a contract between parties. Typically, this clause outlines the steps necessary for a contract to become effective, such as the need for signatures, delivery of documents, or satisfaction of certain preconditions. For example, it may specify that the contract is not binding until both parties have signed and exchanged copies. The core function of this clause is to ensure clarity and mutual understanding about when and how the contract becomes legally enforceable, thereby preventing disputes over the validity or commencement of contractual obligations.
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Contract Issue. LENDER shall issue CONTRACTS to DEBTORS. LENDER shall, as promptly as possible following the sale by LENDER of CONTRACTS but no later than thirty (30) days after each such sale, report and remit to ADMINISTRATOR completed copies of CONTRACTS together with the current rate for such CONTRACTS listed in the applicable current rate schedule, which may be changed upon thirty days notice. Neither ADMINISTRATOR nor the insurance carrier shall have any obligation to LENDER or DEBTOR with respect to any CONTRACT until LENDER shall have timely remitted to ADMINISTRATOR the full amount of the current rate. Any acceptance by ADMINISTRATOR of CONTRACTS not submitted on a timely basis does not constitute waiver of the right of ADMINISTRATOR to reject a CONTRACT not timely submitted and to exclude such CONTRACT from the terms of this AGREEMENT. Any refund made by LENDER to DEBTOR as provided for in the CONTRACT shall be paid by LENDER as described in CONTRACT. ADMINISTRATOR shall be responsible to refund to LENDER any unearned fees in accordance with the same terms as the refund provision allowed in the CONTRACT. Any cancellation fee provided for in the CONTRACT shall be retained by ADMINISTRATOR. LENDER acknowledges that a lending institution which may take assignment of the CONTRACT may have specific refund requirements. LENDER and ADMINISTRATOR agree that if refund requirements of such lending institution differ from the CONTRACT, its requirements shall apply.
Contract Issue. The agreement is to be signed in three identical copies. Both parties and the practical training coordinator of the Master of Global Licensing receive one copy of the agreement.
Contract Issue. The agreement is to be signed in three identical copies. Both parties and the practical training coordinator of the Bachelor of Information Law receive one copy of the agreement.
Contract Issue. The Agreement is made in duplicate. Both parties hereto shall hold one duplicate each.
Contract Issue. Review application for completeness and apply issue criteria to application. Print and maintain supply of policies.
Contract Issue. A. Reviews form of application, applies issue criteria to application for annuity contract. Causes to have printed and maintains supply of annuity contracts.
B. Prepares contract data page and issues contract for paid business and mails to contract owners or agents as directed by CLIENT.
C. Establishes and maintains all participant, annuitant, and contract owner records, as applicable, on computer and microfilm systems.
D. Notifies dealer/agent of any error or missing data needed to establish participant, annuitant or contract owner records.
E. Causes to have printed and maintains supply of confirmation statements. Prepares and mails confirmation statements of purchases to contract owners with copies to dealer/agents.
F. Deposits monies received with application into depository account of CLIENT.
G. Causes to have printed and maintains inventory of all issue-related forms, contracts, endorsements and adoption agreements.
Contract Issue. 1. Provide access to and use of central accounting computer systems for establishing and maintaining annuitant and contract owner records.
2. Provide programming/support personnel to maintain, administer and operate the central accounting computer systems; and provide requested assistance to FGWL in connection with its use of the central accounting computers.
3. Generate the contract data pages, issue contracts for paid business and mail to contract owners or agents. System will produce contract data pages.
4. Notify FGWL and/or its agent of any error or missing data needed for annuitant or contract owner records.
5. Produce and mail required confirmation statements.