Limitations on Compensation. No compensation or reimbursement of any kind other than that described in this Agreement is payable to the General Agent or the Broker-Dealer. In addition, the Broker-Dealer and the General Agent recognize that, unless the provisions of Exhibit A apply to the receipt of an initial Premium, all compensation payable to the General Agent hereunder will be disbursed by or on behalf of the Distributor after each Premium is received and accepted by the appropriate AXA Equitable Company.
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Sources: Sales Agreement (Axa Equitable Life Insurance Co), Sales Agreement (Separate Account a of Axa Equitable Life Insurance Co)
Limitations on Compensation. No compensation or reimbursement of any kind other than that described in this Agreement is payable to the General Agent or the Broker-Dealer. In addition, the Broker-Dealer and the General Agent recognize that, unless the provisions of Exhibit A apply to the receipt of an initial Premium, that all compensation payable to the General Agent hereunder will be disbursed by or on behalf of the Distributor on a monthly basis, after each Premium Purchase Payment is received and accepted by the appropriate AXA Equitable Company.
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