Selling Group definition

Selling Group has the meaning ascribed thereto in Section 2.2;
Selling Group means the Group of the Initial Stockholder proposing to Sell any of the Securities, or which has delivered a notice of intention to Sell, pursuant to Section 3 hereof.

Examples of Selling Group in a sentence

  • The procedure relating to the handling of orders shall be subject to the rules of the National Securities Clearing Corporation (NSCC) and any instructions that we shall forward from time to time to all members of the Selling Group.

  • The offering Prospectuses and this Agreement set forth the terms applicable to members of the Selling Group and all other representations or documents are subordinate.

  • In no transaction (whether of purchase or sale) shall you have any authority to act as agent for, partner of, or participant in a joint venture with us or with the Funds or any other entity having either a Selling Group Agreement or other Agreement with us.

  • The procedures relating to the handling of orders shall be subject to instructions that we shall forward from time to time to all members of the Selling Group.

  • If you offer Class A shares of the Funds on a load-waived basis pursuant to an Addendum to your American Funds Selling Group Agreement, that Addendum is terminated as to any new accounts effective March 15, 2001.


More Definitions of Selling Group

Selling Group shall have the meaning set forth in Section 5.3(b).
Selling Group. Member is registered with the SEC as a broker-dealer under the Securities Exchange Act of 1934 ("1934 Act") and under any appropriate regulatory requirements of state law and is a member in good standing of the National Association of Securities Dealers, Inc. ("NASD"), unless Selling Group Member is exempt from the broker-dealer registration requirements of the 1934 Act. Selling Group Member has NASD registered representatives who will distribute the Contracts. The Associated Agency is a licensed insurance agency and will be appointed by AIG Life as an agent of AIG Life as required by any state Insurance Department. The relationship between the Associated Agency and AIG Life is that of an independent contractor. The NASD registered representatives affiliated with Selling Group Member are also appropriately licensed insurance agents of the Associated Agency and will be appointed by AIG Life as agents of AIG Life with any appropriate Insurance Department ("Sales Persons"). The relationship between the Sales Persons and Selling Group Member and the Sales Persons and AIG Life is that of independent contractor. AGESC hereby appoints Selling Group Member and the Sales Persons to solicit and procure applications for the Contracts. The appointment by AGESC of Selling Group Member and the Sales Persons and the appointment by AIG Life of the Associated Agency and the Sales Persons for the sale of these Contracts is not to be deemed exclusive in any manner and only extends to sales of the Contracts where appropriately made.
Selling Group has the meaning given to it above;
Selling Group means any group formed in connection with a public offering, to distribute all or part of an issue of securities by sales made directly to the public by or through members of such selling group, under an agreement which imposes no financial commitment on the members of such group to purchase any such securities except as they may individually or collectively elect to do so.
Selling Group means a member, whether past or present, of Seller's Affiliated group of corporations within the meaning of Code Section 1504(a).
Selling Group has the meaning given to such term in Section 2.5;