Common use of Indemnification for Errors Clause in Contracts

Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, or transfer of Shares of the Fund, the Company agrees that it is obligated to make the Fund whole for any error or delay that it causes, subject in the case of pricing errors to the related Portfolio's policies on materiality of pricing errors. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section.

Appears in 2 contracts

Sources: Fund Participation Agreement (Variable Annuity Account A), Fund Participation Agreement (SBL Variable Annuity Account Xiv)