OWNERSHIP OF THE BUSINESS. Consultant recognizes the owners hip by Essential Benefit Administrators of the business covered in this Agreement, including the use and control of expirations. Consultant further agrees that all books, records, list of names, journals, ledgers, computer programs, specialized software and any other recorded information developed specifically in connection with the administration of Clients shall remain the property of EBA.
OWNERSHIP OF THE BUSINESS. DIH and its Subsidiaries recognizes the independent ownership by Broker of the business subject to this Agreement. In the event of termination of this Agreement, the use and control of expirations shall remain the property of Broker if Broker has paid all premiums for which Broker is liable under this Agreement; otherwise use and control of expirations shall be vested in DIH and its Subsidiaries.
OWNERSHIP OF THE BUSINESS. Producer is the independent owner of the insurance business subject to this Agreement. Producer is acting as a broker for applicants and on the applicant’s behalf, not as an agent of Synergy No binding authority is or shall be granted or delegated to Producer by this Agreement.
OWNERSHIP OF THE BUSINESS. PRODUCER shall control all expirations and renewal of insurance placed under this Agreement; provided, however, in the event that PRODUCER fails to account for or to make payment of all amounts due to JSA or an Insurer, such expirations and renewals, including any future commissions relating thereto, shall become the property of JSA for such use and disposal as JSA shall determine, in its discretion, in order to satisfy the financial obligations of PRODUCER to JSA and/or an Insurer. To the extent the disposition of the expirations and renewals are insufficient to satisfy the indebtedness owed by PRODUCER, PRODUCER shall remain liable for all remaining amounts owed plus any expenses incurred in disposing of such expirations and renewals as well as reasonable costs and attorney fees.
OWNERSHIP OF THE BUSINESS. 6.1.1 The Seller is the lawful owner of the Business and has full legal right, power and authority to sell, assign and transfer the Business in accordance with the terms of this Agreement.
OWNERSHIP OF THE BUSINESS. The parties agree that in the event of termination of the Agreement, the PRODUCER having accounted for and paid over all premiums for which he is or may be liable, the PRODUCER’S records and use and control of expiration shall remain in property of the PRODUCER.
OWNERSHIP OF THE BUSINESS. BROKER recognizes the independent ownership by the PRODUCER of the insurance business subject to this Agreement; however, in the event it becomes necessary for PRODUCER to cancel this Agreement by reason of violation by the PRODUCER of any of the provisions of this Agreement, before or after termination, the use and control of expirations shall be vested in BROKER insofar as they may be necessary to satisfy the interest of BROKER.
OWNERSHIP OF THE BUSINESS. The GENERAL AGENT expressly recognizes the ownership of all business placed under this agreement by the BROKER. In the event of any premiums due the GENERAL AGENT at the termination of this agreement, the use and control of all expirations and renewals shall be the GEN- ERAL $*(17 6 until all of the GENERAL AGENT'S interests have been satisfied.
OWNERSHIP OF THE BUSINESS. Xxxxxxx expressly recognizes that You are the owner of the records and expirations of the insurance business transacted under this agreement. You have exclusive use and control of the business and are solely liable for the solicitation, renewal, coverage adequacy, and when policies are not billed by another party, the premium collection of policies placed with Xxxxxxx. Xxxxxxx warrants that We will not market to or solicit Your clients with policies transacted under this agreement without Your express written consent. If however, You violate any provision of this agreement, Xxxxxxx may exercise a security interest in the records and expirations of the insurance business transacted under this agreement. If, upon termination of this agreement, You have not properly accounted for and paid all premiums owed to Xxxxxxx, the ownership of the records and expirations will vest in Xxxxxxx, who will have the sole right to use and control them to the extent of Your obligation to Us unless You provide other security acceptable to Xxxxxxx.
OWNERSHIP OF THE BUSINESS. The Manager recognized the independent ownership by the Broker of the insurance business subject to this Agreement. In the event of termination of the Agreement, the use and control of expirations shall remain the property of the Broker if the Broker has paid all premiums for which he is liable under this Agreement; otherwise use and control of expirations shall be vested in the Manager.
