Common use of Variable Contracts Clause in Contracts

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Dealer on all sales of Variable Contracts through its Representatives, in accordance with the form of the Compensation Schedule attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to the Broker-Dealer. Broker-Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of Representative's sales of Variable Contracts.

Appears in 5 contracts

Samples: Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co)

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Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Dealer on all sales of Variable Contracts through its such Representatives, in accordance with the form of the Compensation Schedule attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to and in the name of Broker-DealerDealer or its affiliated Agency. Broker-Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of such Representative's sales of Variable Contracts.

Appears in 3 contracts

Samples: Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Dealer on all sales of Variable Contracts through its such Representatives, in accordance with the form of the Compensation Schedule A attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to and in the name of Broker-Dealer. Broker-Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of such Representative's sales of Variable Contracts.

Appears in 3 contracts

Samples: Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Dealer on all sales of Variable Contracts through its Representatives, in accordance with the form of the Compensation Schedule A attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to the Broker-Dealer. Broker-Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of Representative's sales of Variable Contracts.

Appears in 3 contracts

Samples: Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co), Selling Agreement (Reliastar Bankers Security Life Insurance Co)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Broker Dealer on all sales of Variable Contracts through its such Representatives, in accordance with the form of the Compensation Schedule attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Broker Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Broker Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to and in the Broker-Dealername of Broker Dealer or its affiliated Agency. Broker-Broker Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of such Representative's sales of Variable Contracts.

Appears in 2 contracts

Samples: Broker Dealer Agency Selling Agreement (Select Life Variable Account), Broker Dealer Selling Agreement (Reliastar Life Insur Co of Ny Var Annuity Separate Acct Ii)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Broker Dealer on all sales of Variable Contracts through its Representatives, in accordance with the form of the Compensation Schedule attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Broker Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Broker Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to the Broker-Broker Dealer. Broker-Broker Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of Representative's sales of Variable Contracts.

Appears in 2 contracts

Samples: Broker Dealer Selling Agreement (Reliastar Life Insur Co of Ny Var Annuity Separate Acct Ii), Broker Dealer Agency Selling Agreement (Select Life Variable Account)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-/Dealer on all sales of Variable Contracts through its Representatives, in accordance with the form of the Compensation Schedule B attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-/Dealer's Representatives unless otherwise indicated in Compensation Schedule A. B. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-/Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to and in the name of Broker-/Dealer, or, if designated, its affiliated Agency. Broker-/Dealer agrees and Agency agree to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of its Representative's sales of Variable Contracts.. May 1, 2002

Appears in 1 contract

Samples: Agency Selling Agreement (Reliastar Select Life Variable Account)

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Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-/Dealer on all sales of Variable Contracts through its Representatives, in accordance with the form of the Compensation Schedule attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-/Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-/Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to and in the name of Broker-Dealer/Dealer or, if designated, its affiliated Agency. Broker-/Dealer agrees and Agency agree to hold Insurer and General Distributor harmless from all claims of its their Representatives for compensation in respect of such Representative's sales of Variable Contracts.

Appears in 1 contract

Samples: Reliastar Life Ins Co of New York Var Life Sep Acct I

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Broker Dealer on all sales of Variable Contracts through its Representatives, in accordance with the form of the Compensation Schedule A attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Broker Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Broker Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to the Broker-Broker Dealer. Broker-Broker Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of Representative's sales of Variable Contracts.

Appears in 1 contract

Samples: Broker Dealer Agency Selling Agreement (Select Life Variable Account)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-Broker Dealer on all sales of Variable Contracts through its such Representatives, in accordance with the form of the Compensation Schedule A attached hereto, which is in effect when purchase payment on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-Broker Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-Broker Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due Insurer hereunder. Insurer will pay all such Compensation to and in the Broker-name of Broker Dealer. Broker-Broker Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of such Representative's sales of Variable Contracts.

Appears in 1 contract

Samples: Broker Dealer Agency Selling Agreement (Select Life Variable Account)

Variable Contracts. Insurer, on behalf of General Distributor, shall pay a dealer concession to Broker-/Dealer on all sales of Variable Contracts through its such Representatives, in accordance with the form of the Compensation Schedule attached hereto, which is in effect when purchase payment payments on such Variable Contracts are received by Insurer. Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker-/Dealer's Representatives unless otherwise indicated in Compensation Schedule A. Schedule. Upon termination of this Agreement, all compensation payable hereunder shall cease; however, Broker-/Dealer shall continue to be liable for any chargebacks or for any other amounts advanced by or otherwise due to Insurer hereunder. Insurer will pay all such Compensation to and in the name of Broker-/Dealer. Broker-/Dealer agrees to hold Insurer and General Distributor harmless from all claims of its Representatives for compensation in respect of such Representative's sales of Variable Contracts.

Appears in 1 contract

Samples: Selling Agreement (Separate Account One of Northern Life Insurance Co)

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