Ownership of Business and Expirations Sample Clauses

Ownership of Business and Expirations. The Broker shall own all insurance business of the Insureds and the use and control of all expirations with respect to insurance placed by the Company on behalf of the Insureds.
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Ownership of Business and Expirations. Producer shall own all insurance business of the Insureds subject to this Agreement and the use and control of all expirations with respect to insurance obtained through MSGA, except that if Producer shall at any time default in any of its obligations hereunder, MSGA shall have the right, so long as such default shall continue, to the exclusive use and control of any such expirations and to apply any proceeds thereof to the fulfillment of such obligations of Producer. Minor accounting discrepancies shall not be deemed to constitute a default for purposes of this Section IV.
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Ownership of Business and Expirations. Producer shall have the ownership of all insurance business subject to this agreement, and the use and control of all expirations with respect to insurance obtained through You First. Notwithstanding the foregoing, if Producer shall at any time be in default in any of its obligations hereunder, then You First shall have the right, so long as such default shall continue, to the exclusive use and control of any or all such expirations and to apply any proceeds thereof to the fulfillment of such obligations of Producer. ACCEPTED BY: PRODUCER: You First Insurance Brokers, Inc. By: By: _ Print Name: Title: Title: Date: Date: PRODUCER WITNESS: BY: (signature) (print) Date:
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Ownership of Business and Expirations. Correspondent shall retain ownership of all insurance business subject to this Agreement and the use and control of all expirations with respect to insurance obtained through Capitol Special Risks, Inc., except that if Correspondent shall at any time be in default in any of its obligations hereunder, then Capitol Special Risks, Inc. shall have the right for so long as such default shall continue to the exclusive use and control of any or all such expirations and to apply proceeds thereof to the fulfillment of Correspondent’s obligations; provided, however, that minor accounting discrepancies shall not be deemed to constitute a default for purposes of this Paragraph.
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Ownership of Business and Expirations. Correspondent shall have ownership of all insurance business subject to this Agreement and the use and control of all expirations with respect to insurance obtained through Capitol Special Risks, Inc., except that if Correspondent shall at any time be in default in any of its obligations hereunder, then Capitol Special Risks, Inc. shall have the right, so long as such default shall continue, to the exclusive use and control of any or all such expirations and to apply proceeds thereof to the fulfillment of such obligations of Correspondent; provided, that minor accounting discrepancies shall not be deemed to constitute a default for purposes of this paragraph. LICENSE OF CORRESPONDENT Correspondent represents and warrants to Capitol Special Risks, Inc. that Correspondent is licensed as a property and casualty insurance agent and Correspondent shall continue to be so licensed during the duration of this Agreement with respect to all insurance business which Correspondent shall submit to Capitol Special Risks, Inc. PLACEMENT OF ORDERS Correspondent agrees that it shall not place an order with Capitol Special Risks, Inc. for any professional liability or surplus lines insurance unless Correspondent shall have first complied with any applicable state laws requiring Correspondent to attempt to procure such insurance from insurers authorized to do business in the State of residence of the proposed insured. This paragraph applies only to orders for professional liability or surplus lines insurance.
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Ownership of Business and Expirations. Producer shall have the ownership of all Insurance business subject to this Agreement, and the use and control of all expirations with respect to insurance obtained through LRS. Notwithstanding the foregoing, if Producer shall at any time be in default in any of Its obligations hereunder, then LRS shall have the right, so long as such default shall continue, to the exclusive use and control of any or all such expirations and to apply any proceeds thereof to the fulfillment of such obligations of Producer.
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Ownership of Business and Expirations. Correspondent shall have the ownership of all insurance business subject to this Agreement and the use and control of all expirations with respect to insurance obtained through XXXX except that if Correspondent shall at any time be in default in any of its obligations here under, then XXXX shall have the right, so long as such default shall continue, to the exclusive use and control of any or all such expirations and to apply any proceeds thereof to the fulfillment of such obligation of Correspondent provided, that minor accounting discrepancies shall not be deemed to constitute a default for purposes of the paragraph.
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Ownership of Business and Expirations. Broker shall own all insurance business of the Broker’s Insureds subject to this Agreement and the use and control of all expirations with respect to insurance obtained through P. E. Brokerage, except that if Broker shall at any time default in any of its obligations hereunder, P. E. Brokerage shall have the right, so long as such default shall continue, to the exclusive use and control of any such expirations and to apply any proceeds thereof to the fulfillment of such obligations of Broker. Minor accounting discrepancies shall not be deemed to constitute a default for purposes of this Section. Section V – License of Broker/Errors and Omissions Broker warrants to P. E. Brokerage that Broker is licensed as a property and casualty insurance agent/broker in each state in which the Broker transacts or intends to transact business and that Broker shall continue to be so licensed during the duration of this Agreement and for a period corresponding to any applicable statute of limitations after termination of this Agreement with respect to all insurance business that Broker shall submit to P. E. Brokerage. A copy of said license(s) must be attached to this agreement. Broker further warrants to P. E. Brokerage that Broker maintains and shall continue to maintain in force during the term of this Agreement and for a period corresponding to any applicable statute of limitations after the termination of this Agreement, Insurance Brokers/Agents Errors and Omission Insurance at limits of no less than $1,000,000 each occurrence/$1,000,000 annual aggregate. A copy of said policy shall be provided by Broker to P. E. Brokerage prior to or simultaneous with the signing of this Agreement. Such policy shall be subject to P. E. Brokerage’ approval, but any insurer rated “A” by A. M. Best shall in all events be deemed to be acceptable. Upon P. E. Brokerage’ request, from time to time during the term of this Agreement, Broker shall provide to P. E. Brokerage evidence that such coverage remains in place.
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Ownership of Business and Expirations. Producer shall own the rights to all insurance business produced by Producer under this agreement and the use and control of all expirations with respect to insurance obtained through TPM. If Producer shall at any time be in material default in any of its obligations to TPM hereunder, TPM shall have the right, so long as such default shall continue, to the exclusive use and control of any or all such expirations and to apply any proceeds or use thereof against such obligations of Producer. TransPac Managers, Inc. PRODUCER AGREEMENT
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Related to Ownership of Business and Expirations

  • Ownership of Records All records required to be maintained and preserved by the Corporation or Fund pursuant to the provisions of rules or regulations of the Securities and Exchange Commission under Section 31(a) of the Act and maintained and preserved by the Manager on behalf of the Corporation or Fund, as appropriate, are the property of the Corporation or Fund, as appropriate, and will be surrendered by the Manager promptly on request by the Corporation or Fund, as appropriate.

  • Ownership of Rights 6. 1. Licensed Material remains the property of either Licensor or the relevant third party and any rights not explicitly granted herein are expressly reserved.

  • Ownership of Data All Data transmitted to the Operator pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Operator further acknowledges and agrees that all copies of such Data transmitted to the Operator, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Data contemplated per the Service Agreement shall remain the exclusive property of the LEA.

  • Ownership of Website The content, information and offers on our website are copyrighted by Bank and/or Vendor and the unauthorized use, reproduction, linking or distribution of any portions is strictly prohibited. You agree not to copy, display, distribute, download, license, sub-license, modify, publish, repost, reproduce, reuse, sell, transmit, create a derivative work from or otherwise use for public or commercial purposes, the information and materials on the Sites, except as provided in this Agreement, without our express written permission. Unless otherwise noted, all other trademarks, service marks, and logos used on the Bank’s sites are the trademarks, service marks or logos of Bank, or others as indicated.

  • Ownership of Results Any interest of Contractor or its subcontractors, in the Deliverables, including any drawings, plans, specifications, blueprints, studies, reports, memoranda, computation sheets, computer files and media or other documents prepared by Contractor or its subcontractors for the purposes of this Agreement, shall become the property of and will be transmitted to City. However, unless expressly prohibited elsewhere in this Agreement, Contractor may retain and use copies for reference and as documentation of its experience and capabilities.

  • Ownership of Material Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Profinium and/or its Service Providers unless otherwise indicated. All registered and unregistered trademarks used in the Service are the sole property of their respective owners. Unauthorized reproduction in whole or part is prohibited.

  • Ownership of Materials All reports, documents or other materials developed or received by Consultant or any other person engaged directly by Consultant to perform the services required hereunder shall be and remain the property of City without restriction or limitation upon their use.

  • Ownership of Cards Any card or other device which we supply to you is our property and must be returned to us, or to any person whom we authorize to act as our agent, or to any person who is authorized to honor the card, immediately according to instructions. The card may be repossessed at any time at our sole discretion without demand or notice. You cannot transfer your card or account to another person.

  • Ownership of Intellectual Property Any intellectual property which originates from or is developed by a Party shall remain the exclusive property of that Party. Except for a limited license to use patents or copyrights to the extent necessary for the Parties to use any facilities or equipment (including software) or to receive any service solely as provided under this Agreement, no license in patent, copyright, trademark or trade secret, or other proprietary or intellectual property right now or hereafter owned, controlled or licensable by a Party, is granted to the other Party or shall be implied or arise by estoppel. It is the responsibility of each Party to ensure at no additional cost to the other Party that it has obtained any necessary licenses in relation to intellectual property of third Parties used in its network that may be required to enable the other Party to use any facilities or equipment (including software), to receive any service, or to perform its respective obligations under this Agreement.

  • Ownership of Facilities a) The Member shall own and be solely responsible for all expense, installation, maintenance, and operation of all facilities, including all power generating facilities, at and beyond the point of delivery as defined in the Cooperative’s tariffs.

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