Selling Group Member or “Intermediary”) and, together with Distributor, the “Parties”);
Selling Group Member means, in respect of a distribution, a person or company whose interest in the distribution is limited to receiving the usual and customary distributor’s or seller’s commission payable by an underwriter or issuer.
Selling Group Member shall fully cooperate in any insurance or securities regulatory examination, investigation, or proceeding or any judicial proceeding with respect to AGL, Distributor, Selling Group Member, and Associated Agency and their respective affiliates, agents and representatives to the extent that such examination, investigation, or proceeding arises in connection with the Contracts. Selling Group Member shall immediately notify Distributor if its broker-dealer registration or the registration of any of its Sales Persons is revoked, suspended, or terminated.
Examples of Selling Group Member in a sentence
Payment to a Selling Group Member or Soliciting Dealer will be made by the Dealer Manager directly to such Selling Group Member or Soliciting Dealer by check to an address identified by such broker-dealer.
We hereby express our interest in participating in the Offer as a Selling Group Member.
Capitalized terms used but not defined herein shall have the respective meanings set forth in the Selling Group Member Agreement.
In addition, the Selling Group Member represents that it has established and implemented a program (“OFAC Program”) for compliance with OFAC and will continue to maintain its OFAC Program during the term of this Agreement.
The Selling Group Member executing this agreement agrees to comply with the requirements set forth on Appendix B attached hereto regarding the provision of shareholder information pursuant to Rule 22c-2 of the 1940 Act.
More Definitions of Selling Group Member
Selling Group Member means a member of the Selling Group other than one of the Agents;
Selling Group Member shall fully cooperate in any insurance or securities regulatory examination, investigation, or proceeding or any judicial proceeding with respect to USL, AGSI, Selling Group Member and the Associated Agency and their respective affiliates, agents and representatives to the extent that such examination, investigation, or proceeding arises in connection with the Contracts. Selling Group Member shall immediately notify AGSI if its broker-dealer registration or the registration of any of its Sales Persons is revoked, suspended or terminated. The Sales Persons shall be the only parties involved in the solicitation, negotiation or procurement of the Contracts. All correspondence relating to the sale of the Contracts will be between USL, the Associated Agency, the Sales Persons and the prospective purchaser. The Sales Persons are authorized to collect the first purchase payment or premium (collectively "Premiums") on the Contracts. The Sales Persons will in turn remit the entire Premiums to USL. The Sales Persons shall take applications for the Contracts only on preprinted applications supplied to them and/or the Associated Agency by USL. All completed applications and supporting documents are the sole property of USL and shall be retained by or on behalf of USL in accordance with New York Insurance Regulation 152.
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").
Selling Group Member means a person whose sole interest in the distribution is to receive the usual commission from the underwriter or the issuer;
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 Financial Industry Regulatory Authority ("FINRA"), unless Selling Group Member is exempt from the broker-dealer registration requirements of the 1934 Act. Selling Group Member has FINRA registered representatives who will service the Contracts. The Associated Agency is a licensed insurance agency and will be appointed by AGL as an agent of AGL as required by the appropriate state Insurance Department. The relationship between the Associated Agency and AGL is that of an independent contractor. The FINRA registered representatives affiliated with Selling Group Member are also appropriately licensed insurance agents of the Associated Agency and upon approval by AGL, will be appointed by AGL as agents of AGL with the appropriate Insurance Department ("Sales Persons"). The relationship between the Sales Persons and Selling Group Member and the Sales Persons and AGL is that of independent contractor. AGESC hereby appoints Selling Group Member and the Sales Persons to service the Contracts. The appointment by AGESC of Selling Group Member and the Sales Persons and the appointment by AGL of the Associated Agency and the Sales Persons for the servicing of these Contracts is not to be deemed exclusive in any manner and only extends to servicing of the Contracts.
Selling Group Member shall fully cooperate in any insurance or securities regulatory examination, investigation, or proceeding or any judicial proceeding with respect to AGL, AGESC, Selling Group Member and Associated Agency and their respective affiliates, agents and representatives to the extent that such examination, investigation, or proceeding arises in connection with the Contracts. Selling Group Member shall immediately notify AGESC if its broker-dealer registration or the registration of any of its Sales Persons is revoked, suspended or terminated. Selling Group Member shall also immediately notify AGL if its broker-dealer registration is revoked, suspended or terminated.
Selling Group Member shall fully cooperate in any insurance or securities regulatory examination, investigation, or proceeding or any judicial proceeding with respect to AI Life, AGESC, Selling Group Member and the Associated Agency and their respective affiliates, agents and representatives to the extent that such examination, investigation, or proceeding arises in connection with the Contracts. Selling Group Member shall immediately notify AGESC if its broker-dealer registration or the registration of any of its Sales Persons is revoked, suspended or terminated. The Selling Group Member shall immediately notify AGESC and AI Life if its broker-dealer registration is revoked, suspended or terminated. The Sales Persons shall be the only parties involved in the solicitation, negotiation or procurement of the Contracts. All correspondence relating to the sale of the Contracts will be between AI Life, the Associated Agency, the Sales Persons and the prospective purchaser. The Sales Persons are authorized to collect the first purchase payment or premium (collectively "Premiums") on the Contracts. The Sales Persons will in turn remit the entire Premiums to AI Life. The Sales Persons shall take applications for the Contracts only on preprinted applications supplied to them and/or the Associated Agency by AI Life. All completed applications and supporting documents are the sole property of AI Life and shall be retained by or on behalf of AI Life in accordance with applicable insurance regulations.