Common use of Suspension/Restriction Clause in Contracts

Suspension/Restriction. Sun Life (U.S.) may, at its sole discretion, suspend or restrict in any manner the sale or method of distribution of all or any of the Plans, including sales by all or any individuals licensed to sell Sun Life (U.S.)'s products. If any suspension or restriction is required by any regulatory authority having appropriate jurisdiction, written notice shall be given to Clarendon and SDC immediately upon receipt by Sun Life (U.S.) of notice of such required suspension or restriction. In all other cases, Sun Life (U.S.) will provide at least thirty (30) days' prior written notice to Clarendon and SDC of any such suspension or restriction, except in the case of any breach of this agreement by a party, which is addressed by Article VI, Para H (Termination).

Appears in 5 contracts

Samples: Marketing Coordination Agreement (Sun Life of Canada U S Variable Account I), Marketing Coordination Agreement (Sun Life of Canada U S Variable Account I), Marketing Coordination Agreement (Sun Life of Canada U S Variable Account I)

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