Common use of Conflict Remedies Clause in Contracts

Conflict Remedies. (a) It is agreed that if it is determined by a majority of the members of the Board of Trustees or a majority of the Disinterested Trustees that a material irreconcilable conflict exists, JNL will, if it is a Participating Insurance Company for which a material irreconcilable conflict 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 8 contracts

Samples: Participation Agreement (Conseco Variable Annuity Account H), Participation Agreement (Conseco Variable Annuity Account E), Participation Agreement (Conseco Variable Annuity Account C)

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