Receipt of Money. All money payable in connection with any of the Contracts, whether as premium, purchase payment or otherwise and whether paid by or on behalf of any contract owner or anyone else having an interest in the Contracts, is the property of Pacific Mutual and shall be transmitted immediately in accordance with the administrative procedures of Pacific Mutual without any deduction or offset for any reason including, but not limited to, any deduction or offset for compensation claimed by Selling Broker-Dealer or General Agent, unless there has been a prior arrangement for net wire transmissions between Pacific Mutual and Selling Broker-Dealer or General Agent.
Appears in 14 contracts
Samples: Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins), Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins), Selling Agreement (Pacific Select Separate Account of Pacific Mutual Life Insur)
