Common use of Expenses Paid by Broker-Dealer and General Agent Clause in Contracts

Expenses Paid by Broker-Dealer and General Agent. Neither the Broker-Dealer nor the General Agent shall, directly or indirectly, expend or contract for the expenditure of any funds of the Distributor or any AXA Equitable Company. The Broker-Dealer and the General Agent shall each pay all expenses incurred by each of them in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or unless the Distributor shall have agreed in advance in writing to share the cost of certain expenses. Initial state appointment fees for agents of an AXA Equitable Company who are associated with the General Agent will be paid by such AXA Equitable Company unless otherwise paid by the General Agent or Broker-Dealer. Renewal state appointment fees for any Agent shall be paid by such AXA Equitable Company if, in the sole discretion of such AXA Equitable Company, its minimum production and activity requirements for the payment of renewal appointment fees have been met by such Agent. Each AXA Equitable Company shall establish reasonable minimum production and activity requirements for the payment of renewal state appointment fees, which may be changed by such AXA Equitable Company in its sole discretion at any time without notice. Except as otherwise provided herein, the Broker-Dealer will be obligated to pay all state appointment fees, including, but not limited to, renewal appointment fees not paid for by an AXA Equitable Company, transfer fees and termination fees, and any other fees required to be paid to obtain state insurance licenses for Agents. All of the foregoing in this Section 7.3 is subject to any agreements the Broker-Dealer and General Agent may have or put in place with any AXA Equitable Company.

Expenses Paid by Broker-Dealer and General Agent. Neither the Broker-Dealer nor the General Agent shall, directly or indirectly, expend or contract for the expenditure of any funds of the Distributor or any AXA Equitable Life Company. The Broker-Dealer and the General Agent shall each pay all expenses incurred by each of them in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or unless the Distributor shall have agreed in advance in writing to share the cost of certain expenses. Initial state appointment fees for agents of an AXA Equitable Life Company who are associated with the General Agent will be paid by such AXA Equitable Life Company unless otherwise paid by the General Agent or Broker-Dealer. Renewal state appointment fees for any Agent shall be paid by such AXA Equitable Life Company if, in the sole discretion of such AXA Equitable Life Company, its minimum production and activity requirements for the payment of renewal appointment fees have been met by such Agent. Each AXA Equitable Life Company shall establish reasonable minimum production and activity requirements for the payment of renewal state appointment fees, which may be changed by such AXA Equitable Life Company in its sole discretion at any time without notice. Except as otherwise provided herein, the Broker-Dealer will be obligated to pay all state appointment fees, including, but not limited to, renewal appointment fees not paid for by an AXA Equitable Life Company, transfer fees and termination fees, and any other fees required to be paid to obtain state insurance licenses for Agents. All of the foregoing in this Section 7.3 is subject to any agreements the Broker-Dealer and General Agent may have or put in place with any AXA Equitable Company.

Expenses Paid by Broker-Dealer and General Agent. Neither the Broker-Dealer nor the General Agent shall, directly or indirectly, expend or contract for the expenditure of any funds of the Distributor or any AXA Equitable Company. The Broker-Dealer and the General Agent shall each pay all expenses incurred by each of them in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or unless the Distributor shall have agreed in advance in writing to share the cost of certain expenses. Initial state appointment fees for agents of an AXA Equitable Company who are associated with the General Agent will be paid by such AXA Equitable Company unless otherwise paid by the General Agent or Broker-Dealer. Renewal state appointment fees for any Agent shall be paid by such AXA Equitable Company if, in the sole discretion of such AXA Equitable Company, its minimum production and activity requirements for the payment of renewal appointment fees have been met by such Agent. Each AXA Equitable Company shall establish reasonable minimum production and activity requirements for the payment of renewal state appointment fees, which may be changed by such AXA Equitable Company in its sole discretion at any time without notice. Except as otherwise provided herein, the Broker-Dealer will be obligated to pay all state appointment fees, including, but not limited to, renewal appointment fees not paid for by an AXA Equitable Company, transfer fees and termination fees, and any other fees required to be paid to obtain state insurance licenses for Agents. All of the foregoing in this Section 7.3 is subject to any agreements the Broker-Dealer and General Agent may have or put in place with any AXA Equitable Company.