Common use of Neither Broker Clause in Contracts

Neither Broker. Dealer nor any registered representative of Broker-Dealer, including any AXA Network Agent, nor any independent broker-dealer shall have an interest in any premiums or other sums due and payable to MONY America pursuant to a Variable Product sums nor shall any registered representative of Broker-Dealer, including any AXA Network Agent, nor any independent broker-dealer have an interest in any fees or other sums due and payable to Broker-Dealer pursuant to this Agreement.

Appears in 1 contract

Sources: Broker Dealer Distribution and Servicing Agreement (Mony America Variable Account L)

Neither Broker. Dealer nor any registered representative of Broker-Dealer, including any AXA Network Agent, nor any independent broker-dealer shall have an interest in any premiums or other sums due and payable to MONY America Life pursuant to a Variable Product sums nor shall any registered representative of Broker-Dealer, including any AXA Network Agent, nor any independent broker-dealer have an interest in any fees or other sums due and payable to Broker-Dealer pursuant to this Agreement.

Appears in 1 contract

Sources: Broker Dealer Distribution and Servicing Agreement (Mony Variable Account L)