Common use of Suspension of Certain Obligations Clause in Contracts

Suspension of Certain Obligations. The Principal Entities shall not be required to comply with the provisions of Section 5(a)(iii) hereof during any period commencing from the time (A) the Agents shall have suspended solicitation of offers for the purchase of Notes in their capacity as agents pursuant to a request from the Company and the relevant Trust pursuant to Section 4(b) hereof and (B) no Agent shall then hold any Notes purchased from a Trust as principal with a view to distribution, as the case may be, and ending at the time (x) the Company and the relevant Trust shall determine that solicitation of offers for the purchase of Notes should be resumed or (y) an Agent shall subsequently purchase Notes from a Trust as principal.

Appears in 2 contracts

Samples: Distribution Agreement (Principal Life Insurance Co), Distribution Agreement (Principal Life Insurance Co)

AutoNDA by SimpleDocs

Suspension of Certain Obligations. The Principal Entities Company shall not be required to comply with the provisions of Section 5(a)(iii5(a)(v) hereof during any period commencing from the time (A) the Agents shall have suspended solicitation of offers for the purchase of Notes in their capacity as agents pursuant to a request from the Company and the relevant Trust pursuant to Section 4(b) hereof and or (B) no Agent shall then hold any Notes purchased from a Trust as principal with a view to distribution, as the case may be, and ending at the time (x) the Company and the relevant Trust shall determine that solicitation of offers for the purchase of Notes should be resumed or (y) an Agent shall subsequently purchase Notes from a Trust as principal.

Appears in 2 contracts

Samples: Distribution Agreement (Ing Usa Annuity & Life Insurance Co), Distribution Agreement (Ing Usa Annuity & Life Insurance Co)

Suspension of Certain Obligations. The Principal Entities shall not be required to comply with the provisions of Section 5(a)(iii5(a)(v) hereof during any period commencing from the time (A) the Agents shall have suspended solicitation of offers for the purchase of Notes in their capacity as agents pursuant to a request from the Company and the relevant Trust pursuant to Section 4(b) hereof and or (B) no Agent shall then hold any Notes purchased from a Trust as principal with a view to distribution, as the case may be, and ending at the time (x) the Company and the relevant Trust shall determine that solicitation of offers for the purchase of Notes should be resumed or (y) an Agent shall subsequently purchase Notes from a Trust as principal.

Appears in 2 contracts

Samples: Distribution Agreement (Principal Life Insurance Co), Distribution Agreement (Principal Financial Group Inc)

AutoNDA by SimpleDocs

Suspension of Certain Obligations. The Principal Entities Company shall not be required to comply with the provisions of Section 5(a)(iii) hereof during any period commencing from the time (A) the Agents shall have suspended solicitation of offers for the purchase of Notes in their capacity as agents pursuant to a request from the Company and the relevant Trust pursuant to Section 4(b) hereof and (B) no Agent shall then hold any Notes purchased from a Trust as principal with a view to distribution, as the case may be, and ending at the time (x) the Company and the relevant Trust shall determine that solicitation of offers for the purchase of Notes should be resumed or (y) an Agent shall subsequently purchase Notes from a Trust as principal.

Appears in 2 contracts

Samples: Ing Usa Annuity & Life Insurance Co, Ing Usa Annuity & Life Insurance Co

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