GEID definition
Examples of GEID in a sentence
GEID will maintain all registrations, qualifications and memberships required by the terms of this Agreement in full force and effect throughout the term of this Agreement.
GEID shall calculate and make this payment within 90 days of the end of the calendar quarter without demand or notice from the Insurer.
GEID represents and warrants that it is a corporation duly organized and validly existing in good standing under the laws of the State of Delaware, and is qualified to act as a broker-dealer in the states and other jurisdictions in which it transacts business.
Product Distributor represents and warrants that it will use the compensation paid to it by GEID under this Agreement for Sales Services or a combination of Sales Services and Investor Services and will not use such compensation to finance activities primarily intended to result in the sale of Contracts or Policies.
Notwithstanding the foregoing, Product Distributor understands and acknowledges that the Company may, without prior notice, suspend or eliminate the payment of compensation to GEID, including payments under the Distribution and Service Plan, by amending or supplementing its prospectuses for the Shares.
Upon execution and delivery by GEID, this Agreement will constitute a valid and binding agreement, enforceable against GEID in accordance with its terms.
Product Distributor will not be obligated to indemnify any entity or person pursuant to this Section 6(a) against any liability to which GEID, the Company, the Funds and their affiliates, and their officers and directors, or any controlling person would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in performance of, or reckless disregard of, the obligations and duties set forth in this Agreement.
Product Distributor is not an agent of GEID or the Company and shall have no authority to act for or represent GEID or the Company.
Product Distributor agrees that its agreements with Selling Broker-Dealers shall include assurances from Selling Broker-Dealers to it that conform, in substance, to those that it provides to GEID in Sections 2(c), 2(d), 2(e), 3(b), and 3(e) of this Agreement.
Likewise, GEID shall provide to Product Distributor upon request written certification of the continued effectiveness of each representation and warranty made by it in Section 4 of this Agreement.