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.
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General Agents. Agent's Override Total Policy Commission Commission Commission ------ ---------- --------------- ----------- First Year 50% 30% 80% Second Year 5% 7-1/2% 12-1/2% Third Year 2-1/2% 5% 7-1/2% Fourth-Tenth Year 2-1/2% 2-1/2% 5% As you can see from the above, we have realigned the first year commissions from 60-20 to 50-30, while the total percentage of commission remains the same at 80%. We believe that this change will benefit you, the General Agent, by making this already competitive product much more profitable.
Sample 1

Examples of General Agents in a sentence

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

  • GA shall monitor its Other General Agents and communicate information to Company, of which it is aware or should be aware, that Company needs to know about its Other General Agents to properly address compliance or other risks.

  • 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.

  • GA shall be responsible for all money collected by GA, GA’s employees and its Other General Agents on behalf of Company and shall remit to Company all payments and collections received for or payable to Company from Other General Agents, applicants, customers, or others no later than 15 days after receipt, or within any shorter period required by law.

  • GA shall promptly notify Company if GA or any of its employees or Other General Agents are not in compliance with any Company policy, procedure, process or rule.

  • Medicare or Other Similarly Structured Cost Based Reimbursement Contracts Not applicableNote 19- Direct Premium Written/Produced by Managing General Agents/ Third Party Administrators The Company has no direct premiums written through managing general agents or third party administrators.

  • Company authorizes GA to solicit Product applications and to recruit Other General Agents.

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

  • The individual bid, performance and payment bonds shall be submitted by the contractors to the awarding of- fices (General Agents or local offices of NSA) to verify the correctness of the penalty amount, contract and job order numbers, etc.

  • GA shall comply, and shall ensure its employees comply, and shall instruct and encourage its Other General Agents to comply with all policies, practices, procedures, processes andrules of Company.

Related to General Agents

  • Managing general agent or "MGA" means any person who:

  • Collateral Agents means the Credit Agreement Collateral Agent, the Initial Additional First Lien Collateral Agent and each Additional Collateral Agent.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Co-Agents is defined in the preamble.

  • Managing Agents is defined in the preamble.

  • Agents means the Administrative Agent and the Collateral Agent.

  • Collateral Agent as defined in the preamble hereto.

  • Contractor Agents means Contractor's representatives, employees, officers, Subcontractors, as well as their employees, contractors, officers, and agents.

  • Syndication Agents as defined in the preamble hereto.

  • Senior Managing Agents means the financial institutions listed on the cover page to this Agreement as “Senior Managing Agents”.

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Grantee Agents means Xxxxxxx’s representatives, employees, officers, as well as any contractor or subgrantee's employees, contractors, officers, principals and agents.

  • Co-Rights Agents shall have the meaning ascribed thereto in Subsection 4.1(a);

  • Co-Documentation Agents as defined in the preamble hereto.

  • Documentation Agents as defined in the preamble hereto.

  • Other Representatives the Syndication Agents, and the Lead Arrangers.

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • County Representative means the individual obligated to perform the duties of county representative under section 9.

  • Collateral Agent Fees means the fees due to the Collateral Agent pursuant to the Collateral Agent and Collateral Custodian Fee Letter.

  • U.S. Secured Parties the “Secured Parties” as defined in the U.S. Guarantee and Collateral Agreement.

  • Syndication Agent as defined in the preamble hereto.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Control Agent has the meaning specified in the Intercreditor Agreement.

  • District Representative means the Superintendent of the District, or any other person authorized by the Board of Education of the District to act on behalf of the District under or with respect to this Facilities Lease.