Monitoring Requirement. Nothing herein, nor any action by the Intermediary, shall be construed as, or infer that the Intermediary has, undertaken any duty or obligation, whether express or implied, at law or in equity, to detect trading activities inconsistent with or in violation of the Fund’s policies and/or procedures on limiting the dilution of the value of the outstanding securities issued by the Fund.
Appears in 12 contracts
Samples: Supplemental Agreement (Country Investors Variable Annuity Account), Supplemental Agreement (Modern Woodmen of America Variable Annuity Account), Supplemental Agreement (American Equity Life Annuity Account)
Monitoring Requirement. Nothing herein, nor any action by the Intermediary, shall be construed as, or infer that the Intermediary has, has undertaken any duty or obligation, whether express or implied, at law or in equity, to detect trading activities inconsistent with or in violation of the Fund’s policies and/or procedures on limiting the dilution of the value of the outstanding securities issued by the FundTrading Policies.
Appears in 3 contracts
Samples: Access Agreement (Northwestern Mutual Variable Life Account II), Access Agreement (Northwestern Mutual Variable Life Account), Access Agreement (Northwestern Mutual Variable Life Account II)
