Non-Consolidation. (i) The Borrower shall not have employees. The Borrower may enter into service agreements with an Affiliate, such that the employees of such entity act on behalf of the Borrower; provided, however, that such employees shall at all times hold themselves out to third parties as representatives of the Borrower while performing duties under such service agreements.
Appears in 10 contracts
Samples: Reimbursement Agreement (Protective Life Corp), Reimbursement Agreement (Protective Life Insurance Co), Reimbursement Agreement (Protective Life Corp)
Non-Consolidation. (i) The Borrower shall not have employees. The Borrower may enter into service agreements with an Affiliateits Affiliates, such that the employees of such entity Affiliates act on behalf of the Borrower; provided, however, that such employees shall at all times hold themselves out to third parties as representatives of the Borrower while performing duties under such service agreements.
Appears in 2 contracts
Samples: Reimbursement Agreement (Lincoln National Corp), Reimbursement Agreement (Lincoln National Corp)
