Common use of Right to Settle Clause in Contracts

Right to Settle. MLIDC reserves the right to settle on behalf of --------------- itself, and on behalf of itself and Broker collectively if Broker agrees, any claims, complaints or grievances made by applicants, contract holders or others in connection with the Contracts, and concerning any conduct, act or omission by the Broker or its agents or representatives with respect to the Contracts or any transactions arising out of this Agreement. If Broker does not agree to a collective settlement with MLIDC and MLIDC, on behalf of itself, settles the matter, Broker shall indemnify and hold harmless MLIDC from any and all claims, complaints or grievances made by Broker or any applicant, contract holder or other person or entity made in connection with such matter.

Appears in 5 contracts

Samples: Company Sales Agreement (Paragon Separate Account B), Sales Agreement (Metlife Investors Usa Separate Account A), Sales Agreement (First Metlife Investors Variable Annuity Account One)

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Right to Settle. MLIDC reserves the right to settle on behalf of --------------- itself, and on behalf of itself and Broker collectively if Broker agrees, any claims, complaints or grievances made by applicants, contract holders or others in connection with the Contracts, and concerning any conduct, act or omission by the Broker or its agents or representatives with respect to the Contracts or any transactions arising out of this Agreement. If Broker does not agree to a collective settlement with MLIDC and MLIDC, on behalf of itself, settles the matter, Broker shall indemnify and hold harmless MLIDC from any and all claims, complaints or grievances made by Broker or any applicant, contract holder or other person or entity made in connection with such matter.

Appears in 4 contracts

Samples: Sales Agreement (Metropolitan Life Insurance Co), Sales Agreement (Paragon Separate Account A), Sales Agreement (MetLife of CT Separate Account QPN)

Right to Settle. MLIDC reserves the right to settle on behalf of --------------- ---------------- itself, and on behalf of itself and Broker collectively if Broker agrees, any claims, complaints or grievances made by applicants, contract holders or others in connection with the Contracts, and concerning any conduct, act or omission by the Broker or its agents or representatives with respect to the Contracts or any transactions arising out of this Agreement. If Broker does not agree to a collective settlement with MLIDC and MLIDC, on behalf of itself, settles the matter, Broker shall indemnify and hold harmless MLIDC from any and all claims, complaints or grievances made by Broker or any applicant, contract holder or other person or entity made in connection with such matter.

Appears in 4 contracts

Samples: Sales Agreement (New England Variable Annuity Separate Account), Sales Agreement (Metlife Investors Usa Separate Account A), Sales Agreement (Metlife Investors Variable Annuity Account One)

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Right to Settle. MLIDC reserves the right to settle on behalf of --------------- ________________ itself, and on behalf of itself and Broker collectively if Broker agrees, any claims, complaints or grievances made by applicants, contract holders or others in connection with the Contracts, and concerning any conduct, act or omission by the Broker or its agents or representatives with respect to the Contracts or any transactions arising out of this Agreement. If Broker does not agree to a collective settlement with MLIDC and MLIDC, on behalf of itself, settles the matter, Broker shall indemnify and hold harmless MLIDC from any and all claims, complaints or grievances made by Broker or any applicant, contract holder or other person or entity made in connection with such matter.

Appears in 1 contract

Samples: Sales Agreement (MetLife Insurance CO of Connecticut)

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