RWB definition
Examples of RWB in a sentence
In the performance of its duties hereunder, RWB shall be obligated to exercise due care and diligence and to act in a timely manner and in good faith to assure the accuracy and completeness of all services performed under this Agreement.
RWB shall be responsible for its own negligent failure to perform its duties under this Agreement.
RWB hereby accepts such appointment and agrees to provide, at its own expense, the office space, furnishings and equipment and the personnel required by it to perform the services described herein for the compensation as provided in Section 3 of this Agreement.
If the annuity death proceeds are moved to a new annuity, instead of using the spousal assumption/continuation provisions, the same RWB Rules for Old Money coming into a new Annuity will apply.
RWB shall be under no duty to take any action on behalf of the Portfolio except as specifically set forth herein or as may be specifically agreed to by RWB in writing.
The Fund hereby appoints RWB to serve as client service agent to the Portfolio, subject to the direction of the Board of Directors and the officers of the Fund for the period and on the terms hereinafter set forth.
The services of RWB to the Fund or in respect of the Portfolio are not to be deemed exclusive, and RWB shall be free to render similar services to others as long as its services to the Fund or in respect of the Portfolio are not impaired thereby.
No provision of this Agreement shall be deemed to protect RWB against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.
In addition, a full or partial surrender of PUAR/VABR values (or of a paid-up or non-forfeiture policy) on the same life is considered rollover money if it falls within the RWB window, even if the old policy is not otherwise changed or "rewritten." NEW MONEY is any amount used to pay premium or deposits on a New or Existing Product that is not Old Money.
RWB hereby represents and warrants to and in favour of NewCo and acknowledges that NewCo is relying upon such representation and warranty, that RWB is duly authorized to execute and deliver this Agreement and this Agreement is a valid and binding agreement, enforceable against RWB in accordance with its terms.