MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. The Trust agrees that the Board of Trustees will monitor for the existence of any material irreconcilable conflict between the interests of the Participants of all separate accounts of life insurance companies utilizing the Trust, including the Separate Account. AGL agrees to inform the Board of Trustees of the Trust of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 5 contracts
Samples: Participation Agreement (Sierra Variable Trust), Participation Agreement (Sierra Variable Trust), Participation Agreement (Agl Separate Account D)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. The Trust agrees that the its Board of Trustees will monitor for the existence of any material irreconcilable conflict between the interests of the Participants of participants in all separate accounts of life insurance companies utilizing the Trust, including the Separate Account. AGL USAA Life agrees to inform the Board of Trustees of the Trust of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 2 contracts
Samples: Participation Agreement (Life Insurance Separate Account of Usaa Life Insurance Co), Participation Agreement (Separate Account of Usaa Life Insurance Co)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. The Trust agrees that the Board of Trustees will monitor for the existence of any material irreconcilable conflict between the interests of the Participants of all separate accounts of life insurance companies utilizing the Trust, including the Separate Account. AGL ANLIC agrees to inform the Board of Trustees of the Trust of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 2 contracts
Samples: Participation Agreement (Variable Separate Account of Anchor National Life Insur Co), Participation Agreement (Variable Separate Account of Anchor National Life Insur Co)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. The Trust agrees that the Board of Trustees will monitor for the existence of any material irreconcilable conflict between the interests of the Participants of all separate accounts of life insurance companies utilizing the Trust, including the Separate Account. AGL FSLIC agrees to inform the Board of Trustees of the Trust of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 1 contract
Samples: Participation Agreement (Fs Variable Separate Account)
