Excessive Trading. In accordance with the procedures established from time to time between the Fund and JHSS, JHSS shall:
Excessive Trading. RPS shall monitor Participant accounts to determine if trading activity is in conformance with the Fund's excessive trading policy as set forth in the Funds then-current prospectus. If the Fund's policy is violated, RPS shall take action to restrict the account in accordance with procedures agreed upon between RPS and the Funds.
Excessive Trading. VALIC has a policy to discourage excessive trading and market timing. The Custodial Account is not designed to accommodate short-term trading or “market timing” organizations or individuals engaged in trading strategies that include programmed transfers, frequent transfers or transfers that are large in relation to the total assets of a Mutual Fund. These trading strategies may be disruptive to the Mutual Funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading also raises fund expenses, such as recordkeeping and transaction costs, and xxxxx fund performance. Accordingly, VALIC implemented certain policies and procedures intended to hinder short-term trading. If an investor sells fund shares valued at $5,000 or more, whether through an exchange, transfer, or any other redemption, the investor will not be able to make a purchase of $5,000 or more in that same fund for 30 calendar days. This policy applies only to investor-initiated trades of $5,000 or more, and does not apply to the following: • Plan-level or employer-initiated transactions; • Purchase transactions involving transfers of assets or rollovers; • Retirement plan contributions, loans, and distributions (including hardship withdrawals); • Xxxx XXX conversions or XXX recharacterizations; • Systematic purchases or redemptions; • Systematic account rebalancing; or • Trades of less than $5,000. As described in a fund’s prospectus and statement of additional information, in addition to the above, fund purchases, transfers and other redemptions may be subject to other investor trading policies, including redemption fees, if applicable. Certain funds may set limits on transfers in and out of a fund within a set time period in lieu of the policy above. Also, an employer’s benefit plan may limit an investor’s rights to transfer. We intend to enforce these frequent trading policies uniformly for all Participants. We make no assurances that all the risks associated with frequent trading will be completely eliminated by these policies and/or restrictions. If We are unable to detect or prevent market timing activity, the effect of such activity may result in additional transaction costs and dilution of long-term performance returns. Thus, Your Account Value may be lower due to the effect of the extra costs and resultant lower performance. We reserve the right to modify these policies at any time.
Excessive Trading. Life Company represents and warrants that it has reasonable policies and procedures in place to monitor and restrict what Life Company determines to be disruptive trading. Life Company further represents and warrants that the prospectuses for the Contracts describes these monitoring procedures and the actions that the Life Company will take if it determines a Contract holder is exhibiting a disruptive trading pattern. Life Company further represents and warrants that such prospectus disclosure will indicate that the underlying funds may reject any single trade without any notice to the Contract holders. -----------------
Excessive Trading. (a) The Parties acknowledge and agree that excessive trading can disrupt management of a Portfolio and raise its expenses. In particular, a Portfolio may have difficulty implementing its long-term investment strategies if it is forced to maintain a higher level of its assets in cash to accommodate significant short-term trading activity resulting from market timing. A Portfolio may bear increased administrative costs due to asset level and investment volatility that accompanies patterns of short-term trading activity. Each Fund has adopted policies to discourage excessive trading of Portfolio Shares. Each Fund defines “excessive trading” in the Portfolio Prospectus.
Excessive Trading. PARTICIPATION AGREEMENT THIS AGREEMENT, made and entered into as of the 1st day of February , 2008 ("Agreement"), by and among Summit Mutual Funds, Inc., a Maryland corporation ("SMFI"), Ameritas Investment Corp., a Nebraska Corporation ("AIC"), Phoenix Life Insurance Company, a New York life insurance company ("LIFE COMPANY"), on behalf of itself and each of its segregated asset accounts listed in Schedule A hereto, as the parties hereto may amend from time to time (each, an "Account," and collectively, the "Accounts"); and Phoenix Equity Planning Corporation, an affiliate of LIFE COMPANY and the principal underwriter of the Contracts ("UNDERWRITER") (collectively, the "Parties").
Excessive Trading. ING will monitor participant trading activity and will attempt to discourage excessive trading activity. Provider's efforts may include sending warning letters to participants who are engaging in excessive trading and suspending participants' electronic or phone trading privileges.
Excessive Trading. (a) LIFE COMPANY represents and warrants that the LIFE COMPANY has adopted and implemented policies and procedures regarding excessive trading that permit LIFE COMPANY to restrict excessive or potentially abusive transfers in at least one of the following ways: • Limitations on the ability to have exchanges effected other than by mail in the event of excessive or abusive transfers; • Limitations on transfers into any investment option within 30 days of having transferred out of it (other than in connection with an automatic transfer program); • Limitations on any transfers among sub-accounts within 30 days of prior transfer (other than in connection with an automatic transfer program); or • Limitations on any transfers on a day when net transfers into or out of a sub-account would have the effect of increasing or reducing the assets of the Fund by more than 1% without the express permission of the adviser to that Fund. LIFE COMPANY also represents and warrants that the Contract prospectuses contain language describing its policies regarding excessive trading.
Excessive Trading. (a) LIFE COMPANY represents and warrants that the Contracts to be funded by investments of the Accounts in one or more of the Funds contain provisions permitting LIFE COMPANY to restrict excessive or potentially abusive transfers in at least one of the following ways: • Limitations on the ability to have exchanges effected other than by mail with signature guarantees for investor’s signature in the event of excessive or abusive transfers; • Limitations on transfers into any investment option within 30 days of having transferred out of it (other than in connection with an automatic transfer program); • Limitations on any transfers among sub-accounts within 30 days of prior transfer (other than in connection with an automatic transfer program); or • Limitations on any transfers on a day when net transfers into or out of a sub-account would have the effect of increasing or reducing the assets of the Fund by more than 1% without the express permission of the adviser to that Fund. LIFE COMPANY also represents and warrants that the Contract prospectuses contain language describing its policies regarding excessive trading.
Excessive Trading. (a) LIFE COMPANY agrees to provide Summit Mutual Funds, Inc. (“SMFI”) at least twenty-four (24) hours advance notice for any order of an investor or group of investors that exceeds $100,000 with respect to any Fund.
