Sub-Distributors definition
Examples of Sub-Distributors in a sentence
In performing its duties hereunder, the Sub- Distributor shall be an independent contractor and neither the Sub-Distributor, nor any of its officers, directors, employees or representatives is or shall be an employee of the Trust in the performance of the Sub-Distributor's duties hereunder.
All sales of Distributor’s to the Sub-Distributors shall be made pursuant to this Agreement at such prices and on such terms, as Distributor shall establish from time to time with at least thirty (30) days written notice.
MMLD shall pay all compensation of any such Sub-Distributors and will have the right to terminate the services of any Sub-Distributor at any time on no more than 60 days’ notice.
In providing the services and assuming the obligations set forth herein, the Distributor may, contract with one or more Sub-Distributors or third party service providers (“Servicers”) as the Distributor deems appropriate in connection with the performance of the Distributor’s duties and obligations hereunder.
Distributor shall remain jointly and severally liable under this Agreement for the actions and omissions of each of its Sub-Distributors, and Distributor shall be solely responsible for any commitments, obligations or liabilities made by any of its Sub-Distributors.