Common use of Official Actions Clause in Contracts

Official Actions. You may designate one or more individuals to deal with us on your behalf. Such designation must be made by your board of directors if you are a corporation or by any general partner if you are a partnership. In the absence of a designation, we may (but are not obligated to) deal with your president or any vice president (if you are a corporation) or any general partner (if you are a partnership).

Appears in 5 contracts

Sources: Variable Insurance Products Sales Agreement (Transamerica Occidental Life Separate Account Vul 3), Variable Insurance Products Sales Agreement (Sep Acct Vul-6 of Transamerica Occidental Life Insurance Co), Sales Agreement (Separate Acct Vul 5 of Transamerica Occidental Life Ins Co)

Official Actions. You may designate one or more individuals to deal with us on your behalf. Such designation must be made by your board of directors directors, president, or chief executive officer if you are a corporation or by any general partner if you are a partnership. In the absence of a designation, we may (but are not obligated to) deal with your president or any vice president (if you are a corporation) or any general partner (if you are a partnership).

Appears in 3 contracts

Sources: Variable Insurance Products Sales Agreement (Aul American Individual Variable Annuity Unit Trust), Variable Insurance Products Sales Agreement (Aul American Individual Variable Life Unit Trust), Variable Insurance Products Sales Agreement (Aul American Individual Variable Life Unit Trust)

Official Actions. You may designate one or more individuals to deal with us on your behalf. Such designation must be made by your board of directors if you are a corporation corporation, by your managers if you are a limited liability company, or by any general partner if you are a partnership. In the absence of a designation, we may (but are not obligated to) deal with your president or any vice president (if you are a corporationcorporation or limited liability company) or any general partner (if you are a partnership).

Appears in 2 contracts

Sources: Licensing Agreement, Agent/Agency Application for Appointment