Common use of Portfolio Clause in Contracts

Portfolio. The Company reserves the right to revoke this election and to receive all such income dividends and capital gain distributions in cash. The Fund shall notify the Company of the number of shares so issued as payment of such dividends and distributions. Any error in the calculation or reporting of the Fund’s income, dividends or capital gains information shall be reported promptly to the Company. If the Fund provides the Company with incorrect income, dividend or distribution information, the matter shall be resolved as set forth in Schedule B.

Appears in 5 contracts

Samples: Participation Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Participation Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Participation Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

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