Common use of Collections and Remittances Clause in Contracts

Collections and Remittances. The Producer shall immediately remit to the Company all monies received or collected by the Producer on behalf of the Company. The Producer shall not use any such monies for any other purpose.

Appears in 1 contract

Sources: Broker/Dealer Producer Agreement (Separate Account Four of the Manufacturers Life Ins Co of Am)

Collections and Remittances. The Producer shall immediately remit to the Company all monies received or collected by the Producer on behalf of the Company. The Producer shall not use any such monies for any other purposepurpose whatsoever.

Appears in 1 contract

Sources: Producer Agreement (Separate Account Four of the Manufacturers Life Ins Co of Am)