ING USA definition
Examples of ING USA in a sentence
By executing the Omnibus Instrument, each party hereto agrees that this Coordination Agreement will constitute a legal, valid and binding agreement by and among the Trust, ING USA, the Custodian and the Indenture Trustee.
ILIAC, the Underwriter and the Fund desire to include ING USA ANNUITY AND LIFE INSURANCE COMPANY (“ING USA”) and its Separate Accounts as a party to the agreement.
ING USA hereby covenants to file, or cause to be filed, in a timely manner on behalf of the Trust all reports, certifications or similar filings required under the Securities Exchange Act of 1934, as amended.
It is understood that ING USA shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons.
The Indemnified Person may not settle any action, investigation or proceeding without the consent of ING USA, not to be unreasonably withheld.
In case any such action, suit or proceeding shall be brought involving an Indemnified Person, ING USA may, in its sole discretion, elect to assume the defense of the Indemnified Person, and, if it so elects, ING USA shall, in consultation with such Indemnified Person, select counsel, reasonably acceptable to the Indemnified Person, to represent the Indemnified Person and pay the reasonable fees and expenses of such counsel.
An Indemnified Person shall give prompt written notice to ING USA of any action, suit or proceeding commenced or threatened against the Indemnified Person.
ING USA hereby appoints DSI as its agent for the sale of Annuity Contracts in such jurisdictions as ING USA is properly licensed to sell Annuity Contracts.
ING USA shall pay DSI the compensation due it as set forth in the attached Exhibit, as such Exhibit may from time to time be amended.
Anything in this Distribution Agreement to the contrary notwithstanding, ING USA shall retain the rights to control the sale of Annuity Contracts and to appoint and discharge annuity agents for the sale of Annuity Contracts.