Common use of Continuance of Agreement for Certain Purposes Clause in Contracts

Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to Sections 6.1(a), 6.1(b), 6.1(c), 6.1(d), 6.1(e), 6.1(g), 6.1(h), 6.1(i), 6.1(j), or 6.1(k) hereof, this Agreement shall nevertheless continue in effect as to any Shares of that Fund that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which an Account owns no Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date or such longer time as is necessary for Phoenix to obtain a substitution order from the SEC, the application for which Phoenix will diligently pursue, except that Phoenix may, by written notice, shorten said six (6) month period.

Appears in 3 contracts

Samples: Participation Agreement (Aim Variable Insurance Funds), Participation Agreement (Aim Variable Insurance Funds), Participation Agreement (Aim Variable Insurance Funds)

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Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement agreement with respect to any Fund pursuant to Sections 6.1(a), 6.1(b), 6.1(c), 6.1(d), 6.1(e), 6.1(g), 6.1(h), 6.1(i), 6.1(j), or 6.1(k) hereof, this Agreement shall nevertheless continue in effect as to any Shares of that Fund that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which an as Account owns no to Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date or such longer time as is necessary for Phoenix to obtain a substitution order from the SEC, the application for which Phoenix will diligently pursue, except that Phoenix may, by written notice, shorten said six (6) month period.

Appears in 1 contract

Samples: Participation Agreement (Phoenix Life & Annuity Variable Universal Life Account)

Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to Sections 6.1(a6.l(a), 6.1(b6.l(b), 6.1(c6.l(c), 6.1(d), 6.1(e6.l(e), 6.1(g6.l(g), 6.1(h6.l(h), 6.1(i6.l(i), 6.1(j6.l(j), or 6.1(k6.1.(k) hereof, this Agreement shall nevertheless continue in effect as to any Shares of that Fund that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which an Account owns no Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date or such longer time as is necessary for Phoenix to obtain a substitution order from the SEC, the application for which Phoenix will diligently pursue, except that Phoenix may, by written notice, shorten said six (6) month period.

Appears in 1 contract

Samples: Participation Agreement (Phlvic Variable Universal Life Account)

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Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to Sections 6.1(a), 6.1(b), 6.1(c), 6.1(d), 6.1(e), 6.1(g), 6.1(h), 6.1(i), 6.1(j), or 6.1(k) hereof, this Agreement shall nevertheless continue in effect as to any Shares of that Fund that are outstanding as of the date of such termination (the "Initial initial Termination Date"). This continuation shall extend to the earlier of the date as of which an Account owns no Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date or such longer time as is necessary for Phoenix to obtain a substitution order from the SEC, the application for which Phoenix will diligently pursue, except that Phoenix may, by written notice, shorten said six (6) month period.

Appears in 1 contract

Samples: Participation Agreement (Phoenix Life Variable Universal Life Account)

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