C&I Contract definition
Examples of C&I Contract in a sentence
For the purpose of this Contract, the term collateral agreement does not include any and all of the Compensation Guides that have been in force during the term of the Existing CI Contract.
However, it is understood and agreed that all applicable Compensation Guides that have been in force during the term of the Existing CI Contract shall remain in force for the purpose of calculating chargebacks and compensation payable on policies that have been issued prior to the effective date of this Contract, unless provided otherwise in this Contract or applicable Compensation Guides attached.
The Principal shall make payment to the Company under this Guarantee, or rectify any default of the CI under the CI Contract, as the case may be, immediately upon receiving a demand from the Company and shall do so whether or not the Company has exhausted its recourses against the CI or other parties, including but not limited to the Other Principals, and Brokers.