General Agents definition

General Agents. The Custodian shall be entitled to appoint agents, whether in its own name or that of the Customer, to perform any of the duties undertaken by the Custodian in this Agreement. The Custodian may delegate to any agent so appointed any of the functions to be performed by the Custodian under this Agreement including without limitation the collection of payments due on Securities. The Custodian shall forthwith notify the Customer upon any such appointment. Any such agent shall be a person whom the Custodian reasonably believes to be a person whose business includes the provision of investment custodial services, and all cash and Securities deposited with or held by any such agent will be at the risk of the Customer as regards any act, omission or insolvency of such agent and any laws, acts, decrees, regulations, edicts, orders or other mandates, and any acts of warfare, seizure, confiscation, destruction or impairment of property, promulgated and/or done by any court or by any governmental, military or civil authority, whether de jure or de facto in control of or operating at the place where such agent is located. The Custodian's sole obligation, in the event of any loss in connection with any cash and Securities held by or deposited with any such agent will be to assign to the Customer such rights (if any) as the Custodian may have against such agent.
View Source
General Agents. Agent's Override Total Policy Commission Commission Commission ------ ---------- --------------- ----------- First Year 50% 30% 80%
View Source

Examples of General Agents in a sentence

  • Covered California for Small Business shall collect a percentage of the premium in order to compensate Agents and General Agents.

  • Covered California will contract with multiple General Agents to represent Covered California for Small Business.

  • Additional General Agents may be added as parties to this Agreement at any time by a written amendment signed by Pacific Mutual, PEN, Selling Broker-Dealer and such additional General Agents.

  • All General Agents which are parties to this Agreement at the time of such amendment hereby consent and agree in advance to the addition of such additional General Agents.

  • This Agreement shall automatically terminate immediately and without notice upon any General Agent's or the Broker-Dealer's ceasing to comply with any of the terms and conditions of this Agreement or upon the dissolution, bankruptcy or insolvency of a General Agent or the Broker-Dealer.

  • General Agents, the Broker-Dealer and Registered Representatives are not authorized to give any information or make any representations concerning such Contracts other than those contained in the prospectus or in such sales literature or advertising as may be authorized by Allmerica.

  • General Agents, the Broker-Dealer and Registered Representatives will not furnish any prospective Contract owner with an illustration of the financial or other aspects of a Contract or a proposal for a Contract unless the same has been either furnished by the Insurance Companies or prepared from computer software or other material furnished or approved by the Insurance Companies.

  • Company is authorized to set-off and apply any and all amounts due to GA from Company under this Agreement to any and all obligations or Indebtedness of GA or its employees, Other General Agents or affiliates to Company or its affiliates.

  • When directed by Company, GA shall communicate Company information to its Other General Agents.

  • Covered California will contract with multiple General Agents to represent the Covered California for Small Business.