Affiliated Persons. It is understood that any Contract owner or agent of each Separate Account may be a Contract owner, shareholder, director, officer, employee, or agent of, or be otherwise interested in, the Distributor, any affiliated person of the Distributor, any organization in which the Distributor may have an interest or any organization which may have an interest in the Distributor; that the Distributor, any such affiliated person, or any such organization may have an interest in each Separate Account and that the existence of any such dual interest shall not affect the validity hereof or any transaction thereunder except as may otherwise be provided in the articles of organization or by-laws of the Distributor or by specific provisions of applicable law.
Appears in 14 contracts
Samples: Distribution and Principal Underwriting Agreement (Travelers Separate Account Six for Variable Annuities), Distribution and Principal Underwriting Agreement (Travelers Separate Account QPN for Variable Annuities), Distribution and Principal Underwriting Agreement (Travelers Growth & Income Stock Acct for Variable Annuities)
Affiliated Persons. It is understood that any Contract owner or agent of each the Separate Account may be a Contract owner, shareholder, director, officer, employee, or agent of, or be otherwise interested in, the Distributor, any affiliated person of the Distributor, any organization in which the Distributor may have an interest or any organization which may have an interest in the Distributor; that the Distributor, any such affiliated person, or any such organization may have an interest in each the Separate Account and that the existence of any such dual interest shall not affect the validity hereof or any transaction thereunder except as may otherwise be provided in the articles of organization or by-laws of the Distributor or by specific provisions of applicable law.
Appears in 2 contracts
Samples: Distribution and Principal Underwriting Agreement (Citicorp Life Variable Annuity Separate Account), Distribution and Principal Underwriting Agreement (First Citicorp Life Variable Annuity Separate Account)
