Common use of Responsibilities of Purchaser Clause in Contracts

Responsibilities of Purchaser. Purchaser, on behalf of Seller, shall, subject to the second paragraph of Section 3.01 and Section 3.06(a) be responsible for all state insurance department and federal and state securities law filings (including, but not limited to, filings of riders and amendments), the maintenance of all required licenses and permits, compliance with all regulatory requirements and the taking of all required actions with respect to government authorities.

Appears in 2 contracts

Sources: Asset Transfer and Acquisition Agreement (Lincoln National Corp), Asset Transfer and Acquisition Agreement (Lincoln National Corp)