Common use of Continuation of Agreement Clause in Contracts

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 shall not affect the Issuer's obligation to furnish its shares to Contracts then in force for which its shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 14 contracts

Samples: Fund Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Fund Participation Agreement (Llany Separate Account S for Flexible Premium Variable Life Insurance), Fund Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M)

AutoNDA by SimpleDocs

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 shall not affect the Issuer's Issuers obligation to furnish its shares to Contracts then in force for which its shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 12 contracts

Samples: Fund Participation Agreement (Lincoln Life Flexible Premium Variable Life Account S), Fund Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Fund Participation Agreement (Lincoln Life Variable Annuity Account N)

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 Section 12 shall not affect the Issuer's obligation to furnish furnish, under the terms of this Agreement, its shares to Contracts then in force for which its shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 5 contracts

Samples: Fund Participation Agreement (American Enterprise Variable Annuity Account), Fund Participation Agreement (Ids Life of New York Flexible Portfolio Annuity Account), Fund Participation Agreement (Acl Variable Annuity Account 1)

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 12 shall not affect the IssuerDistributor's obligation to cause the Issuer to furnish its shares to Contracts then in force for which its shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 3 contracts

Samples: Participation Agreement (Bma Variable Life Account A), Participation Agreement (Bma Variable Life Account A), Fund Participation Agreement (Great American Reserve Variable Annuity Account F)

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 Section 12 shall not affect the Issuer's obligation to furnish its shares to Contracts then in force for which its shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor Investors Research shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 1 contract

Samples: Fund Participation Agreement (Safeco Separate Account Sl)

AutoNDA by SimpleDocs

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 12 shall not affect the IssuerDistributor's obligation to continue to cause the Funds to furnish its their shares under the terms of this Agreement to Contracts then in force for which its shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 1 contract

Samples: Fund Participation Agreement (Pruco Life Insurance Co Variable Appreciable Account)

Continuation of Agreement. (a) Termination as the result of any cause listed in SECTION 14 12 shall not affect the IssuerDistributor's obligation to cause the Funds to continue to furnish its their shares under the terms of this Agreement to Contracts then in force for which its their shares serve or may serve as the underlying medium (unless such further sale of Fund shares is proscribed by law or the SEC or other regulatory body). Following termination, Distributor shall not have any Administrative Services payment obligation to the Company (except for payment obligations accrued but not yet paid as of the termination date).

Appears in 1 contract

Samples: Fund Participation Agreement (Prudential Variable Contract Account Gi-2)

Time is Money Join Law Insider Premium to draft better contracts faster.