Common use of Payment of Commissions Clause in Contracts

Payment of Commissions. Broker represents and covenants, that to the extent required by Applicable Laws, that no commissions, or portions thereof, or other compensation for the sale of the Contracts, shall be paid to any person or entity that is not duly licensed and appointed by Company or its Affiliates as required by Applicable Laws. Broker shall ensure that Representatives fulfill any training requirements necessary to be licensed or otherwise qualified to sell the Contracts.

Appears in 7 contracts

Samples: Retail Sales Agreement (Metlife Investors Variable Annuity Account One), Sales Agreement (Paragon Separate Account A), Retail Sales Agreement (General American Separate Account Two)

AutoNDA by SimpleDocs

Payment of Commissions. Broker represents and covenants, that to the ---------------------- extent required by Applicable Laws, that no commissions, or portions thereof, or other compensation for the sale of the Contracts, shall be paid to any person or entity that is not duly licensed and appointed by Company or its Affiliates as required by Applicable Laws. Broker shall ensure that Representatives fulfill any training requirements necessary to be licensed or otherwise qualified to sell the Contracts.

Appears in 1 contract

Samples: Retail Sales Agreement (Metlife Investors Variable Life Account One)

AutoNDA by SimpleDocs

Payment of Commissions. Broker represents and covenants, that to ______________________ the extent required by Applicable Laws, that no commissions, or portions thereof, or other compensation for the sale of the Contracts, shall be paid to any person or entity that is not duly licensed and appointed by Company or its Affiliates as required by Applicable Laws. Broker shall ensure that Representatives fulfill any training requirements necessary to be licensed or otherwise qualified to sell the Contracts.

Appears in 1 contract

Samples: Retail Sales Agreement (Metropolitan Life Separate Account UL)

Time is Money Join Law Insider Premium to draft better contracts faster.