No Active Distribution. (1) No entity of the Target Group distributes actively any insurances. (2) To the avoidance of doubt, modifications of policies (e.g. modifications due to inflation or other contractual dynamics (vertraglich vereinbarte, jährliche Erhöhung), and business on joint account (Konsortialgeschäft) consistent with past practice as disclosed to the Purchaser, are not understood as active distribution under this clause.
Appears in 2 contracts
Sources: Share Purchase and Transfer Agreement, Share Purchase and Transfer Agreement (Athene Holding LTD)