Common use of Agreement to Prohibit Trading Clause in Contracts

Agreement to Prohibit Trading. Intermediary agrees to execute written instructions from the Fund to prohibit further purchases or exchanges of Shares by aShareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding Shares issued by the Fund. Unless otherwise directed by the Fund, any such prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions that are effected directly or indirectly through Intermediary. Instructions must be received by us at the following address, or such other address that Intermediary may communicate to you in writing from time to time, including, if applicable, an e-mail and/or facsimile telephone number: Phoenix Life Insurance Company Attention: Xxxxxxx Xxxxxxxx 00 Xxxx Xxxxxx Xxxx Xxxxxxxxx, Xxx Xxxx 00000 Email: xxxx.xxxxxxxx@xxxxxxxxx.xxx Fax: 000-000-0000 Should the Fund decide to impose a restriction or redemption fee that requires the Intermediary to implement changes to its systems to administer such a restriction or redemption fee, the Fund agrees to negotiate with the Intermediary, in good faith, an interim solution that the Intermediary can effectively administer until such time as it is able to implement such systems changes.

Appears in 1 contract

Samples: Shareholder Information Agreement (PHL Variable Accumulation Account)

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Agreement to Prohibit Trading. Intermediary agrees to execute written instructions from the Fund to prohibit further purchases or exchanges of Shares by aShareholder a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding Shares issued by the Fund. Unless otherwise directed by the Fund, any such prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions that are effected directly or indirectly through Intermediary. Instructions must be received by us Intermediary at the following address, or such other address that Intermediary may communicate to you in writing from time to time, including, if applicable, an e-mail and/or facsimile telephone number: Phoenix Life Insurance Company Attention: Xxxxxxx Xxxxxxxx 00 Xxxx Xxxxxx Xxxx Xxxxxxxxx, Xxx Xxxx 00000 Email: xxxx.xxxxxxxx@xxxxxxxxx.xxx Fax: 000-000-0000 Should the Fund decide to impose implement a restriction restriction, such as a holding requirement or redemption fee that requires a dollar threshold, the Fund agrees to give the Intermediary at least six (6) months to implement changes to program its systems to administer such a restriction or redemption feerestriction. If such notice is not practicable, the Fund agrees to negotiate with the Intermediary, in good faith, an interim solution a restriction that the Intermediary can effectively administer until such time as it is able to implement such systems changesadminister.

Appears in 1 contract

Samples: Shareholder Information Agreement (PHL Variable Accumulation Account)

Agreement to Prohibit Trading. Intermediary agrees to execute written instructions from the Fund to prohibit further purchases or exchanges of Shares by aShareholder a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding Shares issued by the Fund. Unless otherwise directed by the Fund, any such prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions that are effected directly or indirectly through Intermediary. Instructions must be received by us Intermediary at the following address, or such other address that Intermediary may communicate to you in writing from time to time, including, if applicable, an e-mail and/or facsimile telephone number: Phoenix Life Insurance Company Attention: Xxxxxxx Xxxxxxxx 00 Xxxx Xxxxxx Xxxx Xxxxxxxxx, Xxx Xxxx 00000 Email: xxxx.xxxxxxxx@xxxxxxxxx.xxx Fax: 000-000-0000 - Should the Fund decide to impose implement a restriction restriction, such as a holding requirement or redemption fee that requires a dollar threshold, the Fund agrees to give the Intermediary at least six (6) months to implement changes to program its systems to administer such a restriction or redemption feerestriction. If such notice is not practicable, the Fund agrees to negotiate with the Intermediary, in good faith, an interim solution a restriction that the Intermediary can effectively administer until such time as it is able to implement such systems changesadminister.

Appears in 1 contract

Samples: Shareholder Information Agreement (PHL Variable Accumulation Account)

Agreement to Prohibit Trading. Intermediary agrees to execute written instructions from the Fund to prohibit further purchases or exchanges of Shares by aShareholder a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding Shares issued by the Fund. Unless otherwise directed by the Fund, any such prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions that are effected directly or indirectly through Intermediary. Instructions must be received by us Intermediary at the following address, or such other address that Intermediary may communicate to you in writing from time to time, including, if applicable, an e-mail and/or facsimile telephone number: Phoenix Life Insurance Company Attention: Xxxxxxx Xxxxxxxx Michael Marshall 00 Xxxx Xxxxxx Xxxh Valley Xxxx Xxxxxxxxx, Xxx Xxxx 00000 Email: xxxx.xxxxxxxx@xxxxxxxxx.xxx Fax: 000-000-0000 Should Xxxxxx xxx Xxxx xxxxxx to implement a restriction, such as a holding requirement or a dollar threshold, the Fund decide agrees to impose a restriction or redemption fee that requires give the Intermediary at least six (6) months to implement changes to program its systems to administer such a restriction or redemption feerestriction. If such notice is not practicable, the Fund agrees to negotiate with the Intermediary, in good faith, an interim solution a restriction that the Intermediary can effectively administer until such time as it is able to implement such systems changesadminister.

Appears in 1 contract

Samples: Shareholder Information Agreement (Valley Forge Life Insurance Co Variable Annuity Separate Acc)

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Agreement to Prohibit Trading. Intermediary agrees to execute written instructions from the Fund to prohibit further purchases or exchanges of Shares by aShareholder a Shareholder that has been identified by the Fund as having engaged in transactions of the Fund's Shares (directly or indirectly through the Intermediary's account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding Shares issued by the Fund. Unless otherwise directed by the Fund, any such prohibitions shall only apply to Shareholder-Initiated Transfer Purchases or Shareholder-Initiated Transfer Redemptions that are effected directly or indirectly through Intermediary. Instructions must be received by us Intermediary at the following address, or such other address that Intermediary may communicate to you in writing from time to time, including, if applicable, an e-mail and/or facsimile telephone number: Phoenix Life Insurance Company Attention: Xxxxxxx Xxxxxxxx Michael Marshall 00 Xxxx Xxxxxx Xxxley Xxxx Xxxxxxxxx, Xxx Xxxx 00000 Email: xxxx.xxxxxxxx@xxxxxxxxx.xxx Fax: 000-000-0000 Should Xxxxxx xxx Xxxx xxxxxx xx xxplement a restriction, such as a holding requirement or a dollar threshold, the Fund decide agrees to impose a restriction or redemption fee that requires give the Intermediary at least six (6) months to implement changes to program its systems to administer such a restriction or redemption feerestriction. If such notice is not practicable, the Fund agrees to negotiate with the Intermediary, in good faith, an interim solution a restriction that the Intermediary can effectively administer until such time as it is able to implement such systems changesadminister.

Appears in 1 contract

Samples: Alger American Fund Shareholder Information Agreement (Valley Forge Life Insurance Co Variable Annuity Separate Acc)

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