Common use of Conflict Remedies Clause in Contracts

Conflict Remedies. (1) It is agreed that if it is determined by a majority of the members of the Board or a majority of the Disinterested Trustees that a material irreconcilable conflict exists, Company will, if it is a Participating Insurance Company involved in the material irreconcilable conflict, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 35 contracts

Samples: Participation Agreement (Variable Annuity 1 Series Account), Participation Agreement (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Participation Agreement (Variable Annuity 1 Series Account)

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Conflict Remedies. (1a) It is agreed that if it is determined by a majority of the members of the Board of Directors or a majority of the its Disinterested Trustees Directors that a material irreconcilable conflict exists, Company will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested TrusteesDirectors), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 13 contracts

Samples: Participation Agreement (First American Insurance Portfolios Inc), Participation Agreement (Separate Account Va I), Participation Agreement (Sage Variable Annuity Account A)

Conflict Remedies. (1a) It is agreed that if it is determined by a majority of the members of the Board of Directors or a majority of the Disinterested Trustees Directors that a material irreconcilable conflict exists, Company Prudential will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested TrusteesDirectors), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 8 contracts

Samples: Participation Agreement (Prudential Variable Contract Account Gi-2), Participation Agreement (Prudential Variable Contract Account Gi-2), Participation Agreement (Aim Variable Insurance Funds)

Conflict Remedies. (1a) It is agreed that if it is determined by a majority of the members of the Board or a majority of the Disinterested Trustees that a material irreconcilable conflict exists, Company G-WL&A will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 6 contracts

Samples: Participation Agreement (Coli Vul 2 Series Account), Participation Agreement (Variable Annuity 1 Series Account), Participation Agreement (Variable Annuity 1 Series Account)

Conflict Remedies. (1a) It is agreed that if it is determined by a majority of the members of the Board or a majority of the Disinterested Trustees that a material irreconcilable conflict exists, Company will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 4 contracts

Samples: Participation Agreement (Riversource Variable Life Separate Account), Participation Agreement (Aim Variable Insurance Funds), Participation Agreement (Riversource of New York Account 8)

Conflict Remedies. (1) It is agreed that if it is determined by a majority of the members of the Board or a majority of the Disinterested Trustees disinterested trustees that a material irreconcilable conflict exists, Company will, if it is a Participating Insurance Company involved in the material irreconcilable conflict, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Trusteesdisinterested trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 3 contracts

Samples: Target Funds Participation Agreement (Securian Life Variable Universal Life Account), Minnesota Life Individual Variable Universal Life Account, Variable Annuity Account

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Conflict Remedies. (1) It is agreed that if it is determined by a majority of the members of the Board or a majority of the Disinterested Trustees that a material irreconcilable conflict exists, Company will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 1 contract

Samples: Participation Agreement (Jefferson National Life Annuity Account G)

Conflict Remedies. (1a) It is agreed that if it is determined by a majority of the members of the Board of Directors or a majority of the Disinterested Trustees Directors that a material irreconcilable conflict exists, Company Nationwide will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested TrusteesDirectors), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 1 contract

Samples: Participation Agreement (Aim Variable Insurance Funds Inc)

Conflict Remedies. (1) a. It is agreed that if it is determined by a majority of the members of the Board or a majority of the Disinterested Trustees that a material irreconcilable conflict exists, Company will, if it is a Participating Insurance Company involved in the for which a material irreconcilable conflictconflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Trustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:

Appears in 1 contract

Samples: Participation Agreement (Jefferson National Life of New York Annuity Account 1)

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