{"component": "clause", "props": {"groups": [{"samples": [{"hash": "eqiBsf6Y5uS", "uri": "/contracts/eqiBsf6Y5uS#potential-conflicts", "label": "Participation Agreement (C M Life Variable Life Separate Account I)", "score": 32.9589309692, "published": true}, {"hash": "elUCh3H7oHk", "uri": "/contracts/elUCh3H7oHk#potential-conflicts", "label": "Participation Agreement (Allstate Assurance Co Variable Life Separate Account)", "score": 27.8391513824, "published": true}, {"hash": "fffO1IynJYo", "uri": "/contracts/fffO1IynJYo#potential-conflicts", "label": "Participation Agreement (Lincoln New York Account N for Variable Annuities)", "score": 27.164270401, "published": true}], "snippet": "7.1. The Board will monitor the Fund for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts investing in the Fund. An irreconcilable material conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Portfolio are being managed; (e) a difference in voting instructions given by variable annuity contract and variable life insurance contract owners; or (f) a decision by an insurer to disregard the voting instructions of contract owners. The Board shall promptly inform the Company if it determines that an irreconcilable material conflict exists and the implications thereof.\n7.2. The Company will report any potential or existing conflicts of which it is aware to the Board. The Company will assist the Board in carrying out its responsibilities under the Shared Funding Exemptive Order, by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation by the Company to inform the Board whenever contract owner voting instructions are disregarded.\n7.3. If it is determined by a majority of the Board, or a majority of its disinterested trustees, that a material irreconcilable conflict exists, the Company and other Participating Insurance Companies shall, at their expense and to the extent reasonably practicable (as determined by a majority of the disinterested trustees), take whatever steps are necessary to remedy or eliminate the irreconcilable material conflict, up to and including: (1), withdrawing the assets allocable to some or all of the separate accounts from the Fund or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another Portfolio of the Fund, or submitting the question whether such segregation should be implemented to a vote of all affected Contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance contract owners, or variable contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected contract owners the option of making such a change; and (2), establishing a new registered management investment company or managed separate account.\n7.4. If a material irreconcilable conflict arises because of a decision by the Company to disregard contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Fund's election, to withdraw the affected Account's investment in the Fund and terminate this Agreement with respect to such Account; provided, however that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested members of the Board. Any such withdrawal and termination must take place within six (6) months after the Fund gives written notice that this provision is being implemented, and until the end of that six month period the Underwriter and Fund shall continue to accept and implement orders by the Company for the purchase (and redemption) of shares of the Fund.\n7.5. If a material irreconcilable conflict arises because a particular state insurance regulator's decision applicable to the Company conflicts with the majority of other state regulators, then the Company will withdraw the affected Account's investment in the Fund and terminate this Agreement with respect to such Account within six months after the Board informs the Company in writing that it has determined that such decision has created an irreconcilable material conflict; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested members of the Board. Until the end of the foregoing six month period, the Underwriter and Fund shall continue to accept and implement orders by the Company for the purchase (and redemption) of shares of the Fund.\n7.6. For purposes of Sections 7.3 through 7.6 of this Agreement, a majority of the disinterested members of the Board shall determine whether any proposed action adequately remedies any irreconcilable material conflict, but in no event will the Fund be required to establish a new funding medium for the Contracts. The Company shall not be required by Section 7.3 to establish a new funding medium for the Contracts if an offer to do so has been declined by vote of a majority of Contract owners materially adversely affected by the irreconcilable material conflict. In the event that the Board determines that any proposed action does not adequately remedy any irreconcilable material conflict, then the Company will withdraw the Account's investment in the Fund and terminate this Agreement within six (6) months after the Board informs the Company in writing of the foregoing determination, provided, however, that such withdrawal and termination shall be limited to the extent required by any such material irreconcilable conflict as determined by a majority of the disinterested members of the Board.\n7.7. If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provision of the Act or the rules promulgated thereunder with respect to mixed or shared funding (as defined in the Shared Funding Exemptive Order) on terms and conditions materially different from those contained in the Shared Funding Exemptive Order, then (a) the Fund and/or the Participating Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the extent such rules are applicable; and (b) Sections 3.4, 3.5, 7.1, 7.2, 7.3, 7.4, and 7.5 of this Agreement shall continue in effect only to the extent that terms and conditions substantially identical to such Sections are contained in such Rule(s) as so amended or adopted.", "size": 666, "snippet_links": [{"key": "monitor-the-fund", "type": "definition", "offset": [20, 36]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [71, 94]}, {"key": "the-interests", "type": "clause", "offset": [103, 116]}, {"key": "contract-owners", "type": "definition", "offset": [124, 139]}, {"key": "investing-in-the-fund", "type": "clause", "offset": [165, 186]}, {"key": "action-by", "type": "clause", "offset": [278, 287]}, {"key": "any-state", "type": "definition", "offset": [288, 297]}, {"key": "insurance-regulatory-authority", "type": "definition", "offset": [298, 328]}, {"key": "a-change-in", "type": "definition", "offset": [334, 345]}, {"key": "laws-or-regulations", "type": "clause", "offset": [404, 423]}, {"key": "private-letter-ruling", "type": "definition", "offset": [445, 466]}, {"key": "securities-regulatory-authorities", "type": "definition", "offset": [548, 581]}, {"key": "judicial-decision", "type": "definition", "offset": [608, 625]}, {"key": "investments-of", "type": "clause", "offset": [682, 696]}, {"key": "voting-instructions", "type": "clause", "offset": [750, 769]}, {"key": "variable-annuity-contract", "type": "definition", "offset": [779, 804]}, {"key": "variable-life-insurance-contract", "type": "definition", "offset": [809, 841]}, {"key": "the-voting", "type": "clause", "offset": [895, 905]}, {"key": "of-contract", "type": "clause", "offset": [919, 930]}, {"key": "board-shall", "type": "definition", "offset": [943, 954]}, {"key": "the-company-will", "type": "clause", "offset": [1083, 1099]}, {"key": "existing-conflicts", "type": "clause", "offset": [1124, 1142]}, {"key": "assist-the", "type": "clause", "offset": [1195, 1205]}, {"key": "its-responsibilities", "type": "clause", "offset": [1228, 1248]}, {"key": "shared-funding-exemptive-order", "type": "clause", "offset": [1259, 1289]}, {"key": "providing-the", "type": "clause", "offset": [1294, 1307]}, {"key": "all-information", "type": "clause", "offset": [1319, 1334]}, {"key": "for-the-board", "type": "definition", "offset": [1356, 1369]}, {"key": "not-limited", "type": "clause", "offset": [1423, 1434]}, {"key": "owner-voting", "type": "clause", "offset": [1506, 1518]}, {"key": "majority-of-the-board", "type": "definition", "offset": [1579, 1600]}, {"key": "disinterested-trustees", "type": "definition", "offset": [1623, 1645]}, {"key": "participating-insurance-companies", "type": "clause", "offset": [1717, 1750]}, {"key": "to-the-extent", "type": "clause", "offset": [1779, 1792]}, {"key": "the-assets", "type": "clause", "offset": [2010, 2020]}, {"key": "the-separate-accounts", "type": "clause", "offset": [2049, 2070]}, {"key": "investment-medium", "type": "definition", "offset": [2145, 2162]}, {"key": "a-vote", "type": "definition", "offset": [2303, 2309]}, {"key": "variable-contract", "type": "definition", "offset": [2478, 2495]}, {"key": "in-favor-of", "type": "clause", "offset": [2564, 2575]}, {"key": "the-option", "type": "clause", "offset": [2638, 2648]}, {"key": "registered-management-investment-company", "type": "clause", "offset": [2702, 2742]}, {"key": "minority-position", "type": "definition", "offset": [2938, 2955]}, {"key": "majority-vote", "type": "definition", "offset": [2976, 2989]}, {"key": "affected-account", "type": "definition", "offset": [3060, 3076]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3106, 3130]}, {"key": "with-respect-to", "type": "clause", "offset": [3131, 3146]}, {"key": "termination-shall", "type": "clause", "offset": [3204, 3221]}, {"key": "required-by", "type": "definition", "offset": [3247, 3258]}, {"key": "the-foregoing", "type": "definition", "offset": [3259, 3272]}, {"key": "members-of-the-board", "type": "clause", "offset": [3355, 3375]}, {"key": "written-notice", "type": "clause", "offset": [3472, 3486]}, {"key": "six-month-period", "type": "clause", "offset": [3555, 3571]}, {"key": "the-underwriter", "type": "clause", "offset": [3572, 3587]}, {"key": "by-the-company-for", "type": "clause", "offset": [3643, 3661]}, {"key": "the-purchase", "type": "clause", "offset": [3662, 3674]}, {"key": "shares-of-the-fund", "type": "clause", "offset": [3695, 3713]}, {"key": "state-insurance-regulator", "type": "definition", "offset": [3786, 3811]}, {"key": "company-conflicts", "type": "clause", "offset": [3841, 3858]}, {"key": "the-majority", "type": "clause", "offset": [3864, 3876]}, {"key": "state-regulators", "type": "definition", "offset": [3886, 3902]}, {"key": "six-months", "type": "definition", "offset": [4046, 4056]}, {"key": "in-writing", "type": "definition", "offset": [4093, 4103]}, {"key": "for-purposes-of-sections", "type": "clause", "offset": [4609, 4633]}, {"key": "determine-whether", "type": "clause", "offset": [4728, 4745]}, {"key": "proposed-action", "type": "clause", "offset": [4750, 4765]}, {"key": "in-no-event-will", "type": "clause", "offset": [4828, 4844]}, {"key": "to-establish", "type": "clause", "offset": [4866, 4878]}, {"key": "the-contracts", "type": "clause", "offset": [4904, 4917]}, {"key": "the-company-shall", "type": "clause", "offset": [4919, 4936]}, {"key": "section-73", "type": "clause", "offset": [4956, 4967]}, {"key": "by-vote", "type": "clause", "offset": [5059, 5066]}, {"key": "affected-by", "type": "definition", "offset": [5121, 5132]}, {"key": "in-the-event", "type": "clause", "offset": [5171, 5183]}, {"key": "the-account", "type": "clause", "offset": [5331, 5342]}, {"key": "to-provide", "type": "clause", "offset": [5806, 5816]}, {"key": "exemptive-relief", "type": "clause", "offset": [5817, 5833]}, {"key": "the-act", "type": "clause", "offset": [5856, 5863]}, {"key": "the-rules", "type": "clause", "offset": [5867, 5876]}, {"key": "terms-and-conditions", "type": "definition", "offset": [5994, 6014]}, {"key": "contained-in", "type": "definition", "offset": [6047, 6059]}, {"key": "the-participating", "type": "clause", "offset": [6121, 6138]}, {"key": "comply-with-rules", "type": "clause", "offset": [6221, 6238]}, {"key": "as-amended", "type": "definition", "offset": [6257, 6267]}, {"key": "continue-in-effect", "type": "clause", "offset": [6416, 6434]}], "hash": "484fd7356046b7b929b07e546522bece", "id": 1}, {"samples": [{"hash": "gjGenS10QpU", "uri": "/contracts/gjGenS10QpU#potential-conflicts", "label": "Participation Agreement (SBL Variable Annuity Account Xiv)", "score": 20.9897327423, "published": true}, {"hash": "kr1RcOmzpWH", "uri": "/contracts/kr1RcOmzpWH#potential-conflicts", "label": "Investment Management Agreement (Sun Life of Canada U S Variable Account G)", "score": 19.0, "published": true}, {"hash": "hYbp4vZlahQ", "uri": "/contracts/hYbp4vZlahQ#potential-conflicts", "label": "Investment Management Agreement (Sun Life (N.Y.) Variable Account J)", "score": 19.0, "published": true}], "snippet": "7.1. The Board will monitor the Fund for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts investing in the Fund. An irreconcilable material conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Portfolio are being managed; (e) a difference in voting instructions given by contract owners; or (f) a decision by a Participating Insurance Company to disregard the voting instructions of contract owners. The Fund shall promptly inform the Company if the Board determines that an irreconcilable material conflict exists and the implications thereof.\n7.2. The Company will report any potential or existing conflicts of which it is aware to the Board. The Company will assist the Board in carrying out its responsibilities under the Shared Funding Exemptive Order by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation by the Company to inform the Board whenever Contract owner voting instructions are disregarded. The Company agrees that these responsibilities will be carried out with a view only to the interests of Contract owners.\n7.3. If it is determined by a majority of the Board, or a majority of its disinterested members, that a material irreconcilable conflict exists, the Company and other Participating Insurance Companies shall, at their expense and to the extent reasonably practicable (as determined by a majority of the disinterested directors), take whatever steps are necessary to remedy or eliminate the irreconcilable material conflict, up to and including: (1) withdrawing the assets allocable to some or all of the separate accounts from the Fund or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another portfolio of the Fund, or submitting the question whether such segregation should be implemented to a vote of all affected contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance policy owners, or variable contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected contract owners the option of making such a change; and (2) establishing a new registered management investment company or managed separate account. No charge or penalty will be imposed as a result of such withdrawal. The Company agrees that it bears the responsibility to take remedial action in the event of a Board determination of an irreconcilable material conflict and the cost of such remedial action, and that these responsibilities will be carried out with a view only to the interests of Contract owners.\n7.4. If a material irreconcilable conflict arises because of a decision by the Company to disregard contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Fund's election, to withdraw the affected Account's investment in the Fund and terminate this Agreement with respect to such Account (at the Company's expense); provided, however that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested members of the Board. No charge or penalty will be imposed as a result of such withdrawal. The Company agrees that it bears the responsibility to take remedial action in the event of a Board determination of an irreconcilable material conflict and the cost of such remedial action, and that these responsibilities will be carried out with a view only to the interests of Contract owners.\n7.5. For purposes of Sections 7.3 and 7.4 of this Agreement, a majority of the disinterested members of the Board shall determine whether any proposed action adequately remedies any irreconcilable material conflict, but in no event will the Fund be required to establish a new funding medium for the Contracts. The Company shall not be required by Section 7.3 or 7.4 to establish a new funding medium for the Contracts if an offer to do so has been declined by vote of a majority of Contract owners materially adversely affected by the irreconcilable material conflict.\n7.6. If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provision of the 1940 Act or the rules promulgated thereunder with respect to mixed or shared funding (as defined in the Shared Funding Exemptive Order) on terms and conditions materially different from those contained in the Shared Funding Exemptive Order, then (a) the Fund and/or the Participating Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the extent such rules are applicable; and (b) Sections 3.4, 3.5, 7.1, 7.2, 7.3 and 7.4 of this Agreement shall continue in effect only to the extent that terms and conditions substantially identical to such Sections are contained in such Rule(s) as so amended or adopted.\n7.7. Each of the Company and the Adviser shall at least annually submit to the Board such reports, materials or data as the Board may reasonably request so that the Board may fully carry out the obligations imposed upon it by the provisions hereof and in the Shared Funding Exemptive Order. Such reports, materials and data shall be submitted more frequently if deemed appropriate by the Board.", "size": 165, "snippet_links": [{"key": "monitor-the-fund", "type": "definition", "offset": [20, 36]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [71, 94]}, {"key": "the-interests", "type": "clause", "offset": [103, 116]}, {"key": "contract-owners", "type": "definition", "offset": [124, 139]}, {"key": "investing-in-the-fund", "type": "clause", "offset": [165, 186]}, {"key": "action-by", "type": "clause", "offset": [278, 287]}, {"key": "insurance-regulatory-authority", "type": "definition", "offset": [298, 328]}, {"key": "a-change-in", "type": "definition", "offset": [334, 345]}, {"key": "laws-or-regulations", "type": "clause", "offset": [404, 423]}, {"key": "private-letter-ruling", "type": "definition", "offset": [445, 466]}, {"key": "securities-regulatory-authorities", "type": "definition", "offset": [548, 581]}, {"key": "judicial-decision", "type": "definition", "offset": [608, 625]}, {"key": "investments-of", "type": "clause", "offset": [682, 696]}, {"key": "voting-instructions", "type": "clause", "offset": [750, 769]}, {"key": "participating-insurance-company", "type": "definition", "offset": [819, 850]}, {"key": "the-voting", "type": "clause", "offset": [864, 874]}, {"key": "of-contract", "type": "clause", "offset": [888, 899]}, {"key": "the-company-will", "type": "clause", "offset": [1058, 1074]}, {"key": "existing-conflicts", "type": "clause", "offset": [1099, 1117]}, {"key": "assist-the", "type": "clause", "offset": [1170, 1180]}, {"key": "its-responsibilities", "type": "clause", "offset": [1203, 1223]}, {"key": "shared-funding-exemptive-order", "type": "clause", "offset": [1234, 1264]}, {"key": "providing-the", "type": "clause", "offset": [1268, 1281]}, {"key": "all-information", "type": "clause", "offset": [1293, 1308]}, {"key": "for-the-board", "type": "definition", "offset": [1330, 1343]}, {"key": "not-limited", "type": "clause", "offset": [1397, 1408]}, {"key": "by-the-company", "type": "clause", "offset": [1427, 1441]}, {"key": "owner-voting", "type": "clause", "offset": [1480, 1492]}, {"key": "the-company-agrees", "type": "clause", "offset": [1523, 1541]}, {"key": "view-only", "type": "definition", "offset": [1597, 1606]}, {"key": "majority-of-the-board", "type": "definition", "offset": [1674, 1695]}, {"key": "disinterested-members", "type": "definition", "offset": [1718, 1739]}, {"key": "participating-insurance-companies", "type": "clause", "offset": [1811, 1844]}, {"key": "to-the-extent", "type": "clause", "offset": [1873, 1886]}, {"key": "majority-of-the-disinterested-directors", "type": "definition", "offset": [1930, 1969]}, {"key": "the-assets", "type": "clause", "offset": [2104, 2114]}, {"key": "the-separate-accounts", "type": "clause", "offset": [2143, 2164]}, {"key": "investment-medium", "type": "definition", "offset": [2239, 2256]}, {"key": "a-vote", "type": "definition", "offset": [2397, 2403]}, {"key": "annuity-contract", "type": "clause", "offset": [2512, 2528]}, {"key": "life-insurance-policy", "type": "definition", "offset": [2537, 2558]}, {"key": "variable-contract", "type": "definition", "offset": [2570, 2587]}, {"key": "in-favor-of", "type": "clause", "offset": [2656, 2667]}, {"key": "the-option", "type": "clause", "offset": [2730, 2740]}, {"key": "registered-management-investment-company", "type": "clause", "offset": [2793, 2833]}, {"key": "no-charge", "type": "definition", "offset": [2863, 2872]}, {"key": "take-remedial-action", "type": "clause", "offset": [2987, 3007]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [3008, 3025]}, {"key": "determination-of", "type": "clause", "offset": [3032, 3048]}, {"key": "cost-of", "type": "definition", "offset": [3093, 3100]}, {"key": "minority-position", "type": "definition", "offset": [3395, 3412]}, {"key": "majority-vote", "type": "definition", "offset": [3433, 3446]}, {"key": "affected-account", "type": "definition", "offset": [3517, 3533]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3563, 3587]}, {"key": "with-respect-to", "type": "clause", "offset": [3588, 3603]}, {"key": "termination-shall", "type": "clause", "offset": [3688, 3705]}, {"key": "required-by", "type": "definition", "offset": [3731, 3742]}, {"key": "the-foregoing", "type": "definition", "offset": [3743, 3756]}, {"key": "members-of-the-board", "type": "clause", "offset": [3839, 3859]}, {"key": "for-purposes-of-sections", "type": "clause", "offset": [4232, 4256]}, {"key": "board-shall", "type": "definition", "offset": [4335, 4346]}, {"key": "determine-whether", "type": "clause", "offset": [4347, 4364]}, {"key": "proposed-action", "type": "clause", "offset": [4369, 4384]}, {"key": "in-no-event-will", "type": "clause", "offset": [4447, 4463]}, {"key": "to-establish", "type": "clause", "offset": [4485, 4497]}, {"key": "the-contracts", "type": "clause", "offset": [4523, 4536]}, {"key": "the-company-shall", "type": "clause", "offset": [4538, 4555]}, {"key": "section-73", "type": "clause", "offset": [4575, 4586]}, {"key": "by-vote", "type": "clause", "offset": [4685, 4692]}, {"key": "affected-by", "type": "definition", "offset": [4747, 4758]}, {"key": "to-provide", "type": "clause", "offset": [4893, 4903]}, {"key": "exemptive-relief", "type": "clause", "offset": [4904, 4920]}, {"key": "the-1940-act", "type": "clause", "offset": [4943, 4955]}, {"key": "the-rules", "type": "clause", "offset": [4959, 4968]}, {"key": "terms-and-conditions", "type": "definition", "offset": [5086, 5106]}, {"key": "contained-in", "type": "definition", "offset": [5139, 5151]}, {"key": "the-participating", "type": "clause", "offset": [5213, 5230]}, {"key": "comply-with-rules", "type": "clause", "offset": [5313, 5330]}, {"key": "as-amended", "type": "definition", "offset": [5349, 5359]}, {"key": "continue-in-effect", "type": "clause", "offset": [5502, 5520]}, {"key": "the-adviser", "type": "definition", "offset": [5692, 5703]}, {"key": "submit-to", "type": "definition", "offset": [5728, 5737]}, {"key": "reasonably-request", "type": "definition", "offset": [5797, 5815]}, {"key": "the-obligations", "type": "clause", "offset": [5854, 5869]}, {"key": "the-provisions", "type": "clause", "offset": [5889, 5903]}, {"key": "materials-and-data", "type": "clause", "offset": [5968, 5986]}, {"key": "by-the-board", "type": "clause", "offset": [6044, 6056]}], "hash": "3ed02fabbfe5a4123eca36668dfa2b60", "id": 8}, {"samples": [{"hash": "kRxq0UUKE4f", "uri": "/contracts/kRxq0UUKE4f#potential-conflicts", "label": "Participation Agreement (Northbrook Variable Annuity Account Ii)", "score": 18.0, "published": true}, {"hash": "kGXdSYKK9ph", "uri": "/contracts/kGXdSYKK9ph#potential-conflicts", "label": "Participation Agreement (Allstate Life of New York Variable Annuity Account Ii)", "score": 18.0, "published": true}, {"hash": "fZIjP0OGwHR", "uri": "/contracts/fZIjP0OGwHR#potential-conflicts", "label": "Participation Agreement (Allstate Life of New York Separate Account A)", "score": 18.0, "published": true}], "snippet": "7.1. The Board will monitor the Fund for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts investing in the Fund. An irreconcilable material conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Portfolio are being managed; (e) a difference in voting instructions given by variable annuity contract owners and variable life insurance contract owners; or (f) a decision by a Participating Insurance Company to disregard the voting instructions of contract owners. The Board shall promptly inform the Company if it determines that an irreconcilable material conflict exists and the implications thereof.\n7.2. The Company will report any potential or existing material irreconcilable conflict of which it is aware to the Board. The Company will assist the Board in carrying out its responsibilities under the Shared Funding Exemptive Order, by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation by the Company to inform the Board whenever contract owner voting instructions are disregarded.\n7.3. If it is determined by a majority of the Board, or a majority of its disinterested trustees, that a material irreconcilable conflict exists, the Company and other Participating Insurance Companies shall, at their expense and to the extent reasonably practicable (as determined by a majority of the disinterested trustees), take whatever steps are necessary to remedy or eliminate the irreconcilable material conflict, up to and including: (1) withdrawing the assets allocable to some or all of the separate accounts from the Fund or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another Portfolio of the Fund, or submitting the question whether such segregation should be implemented to a vote of all affected Contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance policy owners, or variable contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected contract owners the option of making such a change; and (2) establishing a new registered management investment company or managed separate account. No charge or penalty will be imposed as a result of such withdrawal. The Company agrees that it bears the responsibility to take remedial action in the event of a Board determination of an irreconcilable material conflict and the cost of such remedial action, and these responsibilities will be carried out with a view only to the interests of Contract owners.\n7.4. If a material irreconcilable conflict arises because of a decision by the Company to disregard contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Fund's election, to withdraw the affected Account's investment in the Fund and terminate this Agreement with respect to such Account (at the Company's expense); provided, however that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested members of the Board. No charge or penalty will be imposed as a result of such withdrawal. The Company agrees that it bears the responsibility to take remedial action in the event of a Board determination of an irreconcilable material conflict and the cost of such remedial action, and these responsibilities will be carried out with a view only to the interests of Contract owners.\n7.5. For purposes of Sections 7.3 through 7.4 of this Agreement, a majority of the disinterested members of the Board shall determine whether any proposed action adequately remedies any irreconcilable material conflict, but in no event will the Fund be required to establish a new funding medium for the Contracts. The Company shall not be required by Section 7.3 through 7.4 to establish a new funding medium for the Contracts if an offer to do so has been declined by vote of a majority of Contract owners materially adversely affected by the irreconcilable material conflict.\n7.6. If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provision of the 1940 Act or the rules promulgated thereunder with respect to mixed or shared funding (as defined in the Shared Funding Exemptive Order) on terms and conditions materially different from those contained in the Shared Funding Exemptive Order, then the Fund and/or the Participating Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the extent such rules are applicable.", "size": 648, "snippet_links": [{"key": "monitor-the-fund", "type": "definition", "offset": [20, 36]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [71, 94]}, {"key": "the-interests", "type": "clause", "offset": [103, 116]}, {"key": "contract-owners", "type": "definition", "offset": [124, 139]}, {"key": "investing-in-the-fund", "type": "clause", 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"the-1940-act", "type": "clause", "offset": [4900, 4912]}, {"key": "the-rules", "type": "clause", "offset": [4916, 4925]}, {"key": "terms-and-conditions", "type": "definition", "offset": [5043, 5063]}, {"key": "contained-in", "type": "definition", "offset": [5096, 5108]}, {"key": "the-participating", "type": "clause", "offset": [5166, 5183]}, {"key": "comply-with-rules", "type": "clause", "offset": [5266, 5283]}, {"key": "as-amended", "type": "definition", "offset": [5302, 5312]}], "hash": "56d82edfd6ea3e5a4441afd082958fc2", "id": 2}, {"samples": [{"hash": "7zG5cQrSeOv", "uri": "/contracts/7zG5cQrSeOv#potential-conflicts", "label": "Fund Participation Agreement (Lincoln Variable Insurance Products Trust)", "score": 35.3244361877, "published": true}, {"hash": "lfmQpQuB67y", "uri": "/contracts/lfmQpQuB67y#potential-conflicts", "label": "Fund Participation Agreement (Variable Annuity Account)", "score": 35.3203277588, "published": true}, {"hash": "jqX5IwaTuG7", "uri": "/contracts/jqX5IwaTuG7#potential-conflicts", "label": "Fund Participation Agreement (Minnesota Life Individual Variable Universal Life Account)", "score": 35.3203277588, "published": true}], "snippet": "5.1. The Board of Trustees of the Trust (the \u201cBoard\u201d) will monitor the Trust for the existence of any material irreconcilable conflict between the interests of the Variable Contract owners of Participating Insurance Company Separate Accounts investing in the Trust. A material irreconcilable conflict may arise for a variety of reasons, including: (a) state insurance regulatory authority action; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of the Trust are being managed; (e) a difference in voting instructions given by variable annuity and variable life insurance contract owners or by contract owners of different Participating Insurance Companies; or (f) a decision by a Participating Insurance Company to disregard voting instructions of Variable Contract owners.\n5.2. The Company will report any potential or existing conflicts to the Board. The Company will be responsible for assisting the Board in carrying out its responsibilities under the Conditions set forth in the notice issued by the SEC for the Trust on May 11, 2007 (the \u201cNotice\u201d) (Investment Company Act Release No. IC-27821), by providing the Board with all information reasonably necessary for it to consider any issues raised. This responsibility includes, but is not limited to, an obligation by the Company to inform the Board whenever Variable Contract owner voting instructions are disregarded by the Company. These responsibilities will be carried out with a view only to the interests of the Variable Contract owners.\n5.3. If a majority of the Trust\u2019s Trustees or a majority of its disinterested trustees (\u201cIndependent Trustees\u201d) determines that a material irreconcilable conflict exists, affecting the Company, the Company, at its expense and to the extent reasonably practicable (as determined by a majority of Independent Trustees), will take any steps necessary to remedy or eliminate the irreconcilable material conflict, which may include: (a) withdrawing the assets allocable to some or all of the Separate Accounts from the Trust or any Fund thereof and reinvesting those assets in a different investment medium, which may include another Fund of the Trust or another investment company, (b) submitting the question as to whether such segregation should be implemented to a vote of all affected Variable Contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., Variable Contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, (c) offering to the affected Variable Contract owners the option of making such a change, and (d) establishing a new registered management investment company or managed separate account. If a material irreconcilable conflict arises because of the Company\u2019s decision to disregard Variable Contract owner voting instructions, and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the election of the Trust, to withdraw its Separate Account\u2019s investment in the Trust, and no charge or penalty will be imposed as a result of such withdrawal. The responsibility to take such remedial action shall be carried out with a view only to the interests of the Variable Contract owners. For the purposes of this Section, a majority of the Independent Trustees shall determine whether or not any proposed action adequately remedies any material irreconcilable conflict, but in no event will the Trust be required to establish a new funding medium for any Variable Contract. Further, the Company shall not be required by this Section to establish a new funding medium for any Variable Contract if any offer to do so has been declined by a vote of a majority of Variable Contract owners materially affected by the irreconcilable material conflict.\n5.4. The Board\u2019s determination of the existence of a material irreconcilable conflict and its implications shall be made known promptly and in writing to the Company.\n5.5. No less than annually, the Company shall submit to the Board such reports, materials or data as the Board may reasonably request so that the Board may fully carry out the obligations imposed upon it by these Conditions. Such reports, materials, and data shall be submitted more frequently if the Board deems appropriate.", "size": 489, "snippet_links": [{"key": "board-of-trustees-of-the-trust", "type": "clause", "offset": [9, 39]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [111, 134]}, {"key": "the-interests", "type": "clause", "offset": [143, 156]}, {"key": "contract-owners", "type": "definition", "offset": [173, 188]}, {"key": "participating-insurance-company", "type": "definition", "offset": [192, 223]}, {"key": "authority-action", "type": "definition", "offset": [379, 395]}, {"key": "a-change-in", "type": "definition", "offset": [401, 412]}, {"key": "laws-or-regulations", "type": "clause", "offset": [471, 490]}, {"key": "private-letter-ruling", "type": "definition", "offset": [512, 533]}, {"key": "action-by", "type": "clause", "offset": [550, 559]}, {"key": "securities-regulatory-authorities", "type": "definition", "offset": [579, 612]}, {"key": "judicial-decision", "type": 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3538]}, {"key": "the-independent", "type": "clause", "offset": [3567, 3582]}, {"key": "determine-whether", "type": "clause", "offset": [3598, 3615]}, {"key": "proposed-action", "type": "clause", "offset": [3627, 3642]}, {"key": "in-no-event-will", "type": "clause", "offset": [3705, 3721]}, {"key": "to-establish", "type": "clause", "offset": [3744, 3756]}, {"key": "the-company-shall", "type": "clause", "offset": [3814, 3831]}, {"key": "required-by", "type": "definition", "offset": [3839, 3850]}, {"key": "affected-by", "type": "definition", "offset": [4027, 4038]}, {"key": "determination-of-the", "type": "clause", "offset": [4094, 4114]}, {"key": "made-known", "type": "definition", "offset": [4193, 4203]}, {"key": "in-writing", "type": "definition", "offset": [4217, 4227]}, {"key": "to-the-company", "type": "clause", "offset": [4228, 4242]}, {"key": "submit-to", "type": "definition", "offset": [4290, 4299]}, {"key": "reasonably-request", "type": "definition", "offset": [4359, 4377]}, {"key": "the-obligations", "type": "clause", "offset": [4416, 4431]}, {"key": "these-conditions", "type": "clause", "offset": [4451, 4467]}], "hash": "eb36a41b58634f6bd346c21419633511", "id": 3}, {"samples": [{"hash": "liQSrWHhLnl", "uri": "/contracts/liQSrWHhLnl#potential-conflicts", "label": "Shareholder Services Agreement (Valley Forge Life Insurance Co Variable Life Separate Accoun)", "score": 16.0, "published": true}, {"hash": "h4jmV3HcWXZ", "uri": "/contracts/h4jmV3HcWXZ#potential-conflicts", "label": "Shareholder Services Agreement (Provident Mutual Variable Life Separate Account)", "score": 16.0, "published": true}, {"hash": "fC2QSnIdVAZ", "uri": "/contracts/fC2QSnIdVAZ#potential-conflicts", "label": "Shareholder Services Agreement (American Separate Account 5)", "score": 16.0, "published": true}], "snippet": "(a) The Company has received a copy of an application for exemptive relief, as amended, filed by the Issuer on December 21, 1987, with the SEC and the order issued by the SEC in response thereto (the \"Shared Funding Exemptive Order\"). The Company has reviewed the conditions to the requested relief set forth in such application for exemptive relief. As set forth in such application, the Board of Directors of the Issuer (the \"Board\") will monitor the Issuer for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts (\"Participating Companies\") investing in funds of the Issuer. An irreconcilable material conflict may arise for a variety of reasons, including: (i) an action by any state insurance regulatory authority; (ii) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar actions by insurance, tax or securities regulatory authorities; (iii) an administrative or judicial decision in any relevant proceeding; (iv) the manner in which the investments of any portfolio are being managed; (v) a difference in voting instructions given by variable annuity contract owners and variable life insurance contract owners; or (vi) a decision by an insurer to disregard the voting instructions of contract owners. The Board shall promptly inform the Company if it determines that an irreconcilable material conflict exists and the implications thereof.\n(b) The Company will report any potential or existing conflicts of which it is aware to the Board. The Company will assist the Board in carrying out its responsibilities under the Shared Funding Exemptive Order by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation by the Company to inform the Board whenever contract owner voting instructions are disregarded.\n(c) If a majority of the Board, or a majority of its disinterested Board members, determines that a material irreconcilable conflict exists with regard to contract owner investments in a Fund, the Board shall give prompt notice to all Participating Companies. If the Board determines that the Company is responsible for causing or creating said conflict, the Company shall at its sole cost and expense, and to the extent reasonably practicable (as determined by a majority of the disinterested Board members), take such action as is necessary to remedy or eliminate the irreconcilable material conflict. Such necessary action may include but shall not be limited to:\n(i) withdrawing the assets allocable to the Accounts from the Fund and reinvesting such assets in a different investment medium or submitting the question of whether such segregation should be implemented to a vote of all affected contract owners and as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance contract owners, or variable contract owners of one or more Participating Companies) that votes in favor of such segregation, or offering to the affected contract owners the option of making such a change; and/or\n(ii) establishing a new registered management investment company or managed separate account.\n(d) If a material irreconcilable conflict arises as a result of a decision by the Company to disregard its contract owner voting instructions and said decision represents a minority position or would preclude a majority vote by all of its contract owners having an interest in the Issuer, the Company at its sole cost, may be required, at the Board's election, to withdraw an Account's investment in the Issuer and terminate this Agreement; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested members of the Board.\n(e) For the purpose of this SECTION 12, a majority of the disinterested Board members shall determine whether or not any proposed action adequately remedies any irreconcilable material conflict, but in no event will the Issuer be required to establish a new funding medium for any Contract. The Company shall not be required by this SECTION 12 to establish a new funding medium for any Contract if an offer to do so has been declined by vote of a majority of the Contract owners materially adversely affected by the irreconcilable material conflict.", "size": 464, "snippet_links": [{"key": "the-company-has", "type": "definition", "offset": [4, 19]}, {"key": "a-copy-of", "type": "clause", "offset": [29, 38]}, {"key": "exemptive-relief", "type": "clause", "offset": [58, 74]}, {"key": "as-amended", "type": "definition", "offset": [76, 86]}, {"key": "by-the-issuer", "type": "clause", "offset": [94, 107]}, {"key": "on-december", "type": "clause", "offset": [108, 119]}, {"key": "the-sec", "type": "definition", "offset": [135, 142]}, {"key": "issued-by", "type": "clause", "offset": [157, 166]}, {"key": "shared-funding-exemptive-order", "type": "clause", "offset": [201, 231]}, {"key": "conditions-to-the", "type": "clause", "offset": [264, 281]}, {"key": "requested-relief", "type": 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1044]}, {"key": "judicial-decision", "type": "definition", "offset": [1073, 1090]}, {"key": "investments-of", "type": "clause", "offset": [1148, 1162]}, {"key": "voting-instructions", "type": "clause", "offset": [1216, 1235]}, {"key": "variable-annuity-contract", "type": "definition", "offset": [1245, 1270]}, {"key": "variable-life-insurance-contract", "type": "definition", "offset": [1282, 1314]}, {"key": "the-voting", "type": "clause", "offset": [1369, 1379]}, {"key": "of-contract", "type": "clause", "offset": [1393, 1404]}, {"key": "board-shall", "type": "definition", "offset": [1417, 1428]}, {"key": "the-company-will", "type": "clause", "offset": [1556, 1572]}, {"key": "existing-conflicts", "type": "clause", "offset": [1597, 1615]}, {"key": "assist-the", "type": "clause", "offset": [1668, 1678]}, {"key": "its-responsibilities", "type": "clause", "offset": [1701, 1721]}, {"key": "the-shared", "type": "clause", "offset": [1728, 1738]}, {"key": "providing-the", "type": "clause", "offset": [1766, 1779]}, {"key": "all-information", "type": "clause", "offset": [1791, 1806]}, {"key": "for-the-board", "type": "definition", "offset": [1828, 1841]}, {"key": "not-limited", "type": "clause", "offset": [1895, 1906]}, {"key": "by-the-company", "type": "clause", "offset": [1925, 1939]}, {"key": "owner-voting", "type": "clause", "offset": [1978, 1990]}, {"key": "majority-of-the-board", "type": "definition", "offset": [2030, 2051]}, {"key": "disinterested-board-members", "type": "definition", "offset": [2074, 2101]}, {"key": "to-contract", "type": "clause", "offset": [2173, 2184]}, {"key": "investments-in", "type": "clause", "offset": [2191, 2205]}, {"key": "notice-to", "type": "definition", "offset": [2242, 2251]}, {"key": "responsible-for", "type": "clause", "offset": [2325, 2340]}, {"key": "the-company-shall", "type": "clause", "offset": [2376, 2393]}, {"key": "cost-and-expense", "type": "clause", "offset": [2406, 2422]}, {"key": "to-the-extent", "type": "clause", "offset": [2428, 2441]}, {"key": "necessary-action", "type": "definition", "offset": [2630, 2646]}, {"key": "the-assets", "type": "clause", "offset": [2704, 2714]}, {"key": "the-accounts", "type": "clause", "offset": [2728, 2740]}, {"key": "the-fund", "type": "clause", "offset": [2746, 2754]}, {"key": "investment-medium", "type": "definition", "offset": [2798, 2815]}, {"key": "a-vote", "type": "definition", "offset": [2896, 2902]}, {"key": "variable-contract", "type": "definition", "offset": [3070, 3087]}, {"key": "in-favor-of", "type": "clause", "offset": [3146, 3157]}, {"key": "the-option", "type": "clause", "offset": [3220, 3230]}, {"key": "registered-management-investment-company", "type": "clause", "offset": [3287, 3327]}, {"key": "minority-position", "type": "definition", "offset": [3530, 3547]}, {"key": "majority-vote", "type": "definition", "offset": [3568, 3581]}, {"key": "an-interest", "type": "clause", "offset": [3619, 3630]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3772, 3796]}, {"key": "termination-shall", "type": "clause", "offset": [3842, 3859]}, {"key": "required-by", "type": "definition", "offset": [3885, 3896]}, {"key": "the-foregoing", "type": "definition", "offset": [3897, 3910]}, {"key": "members-of-the-board", "type": "clause", "offset": [3993, 4013]}, {"key": "for-the-purpose-of-this", "type": "clause", "offset": [4019, 4042]}, {"key": "section-12", "type": "definition", "offset": [4043, 4053]}, {"key": "determine-whether", "type": "clause", "offset": [4107, 4124]}, {"key": "proposed-action", "type": "clause", "offset": [4136, 4151]}, {"key": "in-no-event-will", "type": "clause", "offset": [4214, 4230]}, {"key": "to-establish", "type": "clause", "offset": [4254, 4266]}, {"key": "by-vote", "type": "clause", "offset": [4449, 4456]}, {"key": "affected-by", "type": "definition", "offset": [4515, 4526]}], "hash": "8eaf429afa19283dc568136013b32b41", "id": 4}, {"samples": [{"hash": "lbkoJI16a7K", "uri": "/contracts/lbkoJI16a7K#potential-conflicts", "label": "Participation Agreement (Metlife Investors Usa Separate Account A)", "score": 16.0, "published": true}, {"hash": "lXZ9SzpL2pq", "uri": "/contracts/lXZ9SzpL2pq#potential-conflicts", "label": "Participation Agreement (Metlife Investors Variable Annuity Account Five)", "score": 16.0, "published": true}, {"hash": "kjA8UXFYrw2", "uri": "/contracts/kjA8UXFYrw2#potential-conflicts", "label": "Participation Agreement (Metlife Investors Variable Annuity Account One)", "score": 16.0, "published": true}], "snippet": "7.1 To the extent required by the Shared Funding Exemptive Order or by applicable law, the Board of Trustees of the Fund (the \"Board\") will monitor the Fund for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts investing in the Fund. An irreconcilable material conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Portfolio are being managed; (e) a difference in voting instructions given by variable annuity contract and variable life insurance contract owners; or (f) a decision by an insurer to disregard the voting instructions of contract owners. The Fund shall promptly inform the Company if it determines that an irreconcilable material conflict exists and the implications thereof.\n7.2 The Company will report to the Board any potential or existing conflicts between the interests of contract owners of different separate accounts of which the Company is or becomes aware. The Company will assist the Board in carrying out its responsibilities under the Shared Funding Exemptive Order and under applicable law, by providing the Board with all information reasonably necessary for the Board to consider any issues raised. This includes, but is not limited to, an obligation of the Company to inform the Board whenever contract owner voting instructions are disregarded.\n7.3 If it is determined by a majority of the Board, or a majority of its disinterested trustees, that a material irreconcilable conflict exists, the Company and other Participating Insurance Companies shall, at their expense take whatever steps are necessary to remedy or eliminate the irreconcilable material conflict, which steps could include:\n(1) withdrawing the assets allocable to some or all of the separate accounts from the Fund or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another Portfolio of the Fund, or submitting the question of whether such segregation should be implemented to a vote of all affected Contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance contract owners, or variable contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected contract owners the option of making such a change; and (2) establishing a new registered management investment company or managed separate account.\n7.4 If a material irreconcilable conflict arises because of a decision by the Company to disregard Contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Fund's election, to withdraw the relevant Account's investment in the Fund and terminate this Agreement; provided, however, that such withdrawal and termination shall be limited to the extent required by such material irreconcilable conflict as determined by a majority of the disinterested members of the Board. Any such withdrawal and termination will take place within six (6) months after the Fund gives written notice that this provision is being implemented.\n7.5 If a material irreconcilable conflict arises because a particular state insurance regulator's decision applicable to the Company conflicts with the majority of other state regulators, then the Company will withdraw the affected Account's investment in the Fund and terminate this Agreement within six months after the Board informs the Company in writing that it has determined that such decision has created an irreconcilable material conflict; provided, however, that such withdrawal and termination shall be limited to the extent required by such material irreconcilable conflict as determined by a majority of the disinterested members of the Board.\n7.6 For purposes of Sections 7.3 through 7.6 of this Agreement, a majority of the disinterested members of the Board shall determine whether any proposed action adequately remedies any irreconcilable material conflict, but in no event will the Fund be required to establish a new funding medium for the Contracts. The Company shall not be required by Section 7.3 to establish a new funding medium for the Contracts if an offer to do so has been declined by vote of a majority of Contract owners materially adversely affected by the irreconcilable material conflict. In the event that the Board determines that any proposed action does not adequately remedy any irreconcilable material conflict, then the Company will withdraw the Account's investment in the Fund and terminate this Agreement within six (6) months after the Board informs the Company in writing of the foregoing determination, provided, however, that such withdrawal and termination shall be limited to the extent required by any such material irreconcilable conflict as determined by a majority of the disinterested members of the Board.\n7.7 If and to the extent that Rule 6e-2 and Rule 6e-3(T) under the 1940 Act are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provision of the Act or the rules promulgated thereunder with respect to mixed or shared funding (as defined in the Shared Funding Exemptive Order) on terms and conditions materially different from those contained in the Shared Funding Exemptive Order, then (a) the Fund and/or Participating Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the extent such rules are applicable; and (b) Sections 3.4, 7.1, 7.2, 7.3, 7.4, and 7.5 of this Agreement shall continue in effect only to the extent that terms and conditions substantially identical to such Sections are contained in such Rule(s) as so amended or adopted.", "size": 235, "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [4, 17]}, {"key": "required-by", "type": "definition", "offset": [18, 29]}, {"key": "shared-funding-exemptive-order", "type": "clause", "offset": [34, 64]}, {"key": "applicable-law", "type": "definition", "offset": [71, 85]}, {"key": "the-board-of-trustees-of-the-fund", "type": "clause", "offset": [87, 120]}, {"key": "monitor-the-fund", "type": "definition", "offset": [140, 156]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [191, 214]}, {"key": "the-interests", 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924]}, {"key": "variable-life-insurance-contract", "type": "definition", "offset": [929, 961]}, {"key": "the-voting", "type": "clause", "offset": [1015, 1025]}, {"key": "of-contract", "type": "clause", "offset": [1039, 1050]}, {"key": "the-company-will", "type": "clause", "offset": [1201, 1217]}, {"key": "report-to-the-board", "type": "clause", "offset": [1218, 1237]}, {"key": "existing-conflicts", "type": "clause", "offset": [1255, 1273]}, {"key": "assist-the", "type": "clause", "offset": [1405, 1415]}, {"key": "its-responsibilities", "type": "clause", "offset": [1438, 1458]}, {"key": "providing-the", "type": "clause", "offset": [1529, 1542]}, {"key": "all-information", "type": "clause", "offset": [1554, 1569]}, {"key": "for-the-board", "type": "definition", "offset": [1591, 1604]}, {"key": "not-limited", "type": "clause", "offset": [1658, 1669]}, {"key": "obligation-of-the-company", "type": "clause", "offset": [1677, 1702]}, {"key": "owner-voting", "type": "clause", "offset": [1741, 1753]}, {"key": "majority-of-the-board", "type": "definition", "offset": [1813, 1834]}, {"key": "disinterested-trustees", "type": "definition", "offset": [1857, 1879]}, {"key": "participating-insurance-companies", "type": "clause", "offset": [1951, 1984]}, {"key": "the-assets", "type": "clause", "offset": [2147, 2157]}, {"key": "the-separate-accounts", "type": "clause", "offset": [2186, 2207]}, {"key": "investment-medium", "type": "definition", "offset": [2282, 2299]}, {"key": "a-vote", "type": "definition", "offset": [2443, 2449]}, {"key": "variable-contract", "type": "definition", "offset": [2618, 2635]}, {"key": "in-favor-of", "type": "clause", "offset": [2704, 2715]}, {"key": "the-option", "type": "clause", "offset": [2778, 2788]}, {"key": "registered-management-investment-company", "type": "clause", "offset": [2841, 2881]}, {"key": "by-the-company", "type": "clause", "offset": [2982, 2996]}, {"key": "minority-position", "type": "definition", "offset": [3076, 3093]}, {"key": "majority-vote", "type": "definition", "offset": [3114, 3127]}, {"key": "the-relevant", "type": "clause", "offset": [3194, 3206]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3244, 3268]}, {"key": "termination-shall", "type": "clause", "offset": [3314, 3331]}, {"key": "members-of-the-board", "type": "clause", "offset": [3456, 3476]}, {"key": "written-notice", "type": "clause", "offset": [3573, 3587]}, {"key": "state-insurance-regulator", "type": "definition", "offset": [3700, 3725]}, {"key": "company-conflicts", "type": "clause", "offset": [3755, 3772]}, {"key": "the-majority", "type": "clause", "offset": [3778, 3790]}, {"key": "state-regulators", "type": "definition", "offset": [3800, 3816]}, {"key": "affected-account", "type": "definition", "offset": [3853, 3869]}, {"key": "six-months", "type": "definition", "offset": [3931, 3941]}, {"key": "in-writing", "type": "definition", "offset": [3978, 3988]}, {"key": "for-purposes-of-sections", "type": "clause", "offset": [4292, 4316]}, {"key": "board-shall", "type": "definition", "offset": [4399, 4410]}, {"key": "determine-whether", "type": "clause", "offset": [4411, 4428]}, {"key": "proposed-action", "type": "clause", "offset": [4433, 4448]}, {"key": "in-no-event-will", "type": "clause", "offset": [4511, 4527]}, {"key": "to-establish", "type": "clause", "offset": [4549, 4561]}, {"key": "the-contracts", "type": "clause", "offset": [4587, 4600]}, {"key": "the-company-shall", "type": "clause", "offset": [4602, 4619]}, {"key": "section-73", "type": "clause", "offset": [4639, 4650]}, {"key": "by-vote", "type": "clause", "offset": [4742, 4749]}, {"key": "affected-by", "type": "definition", "offset": [4804, 4815]}, {"key": "in-the-event", "type": "clause", "offset": [4854, 4866]}, {"key": "the-account", "type": "clause", "offset": [5014, 5025]}, {"key": "the-foregoing", "type": "definition", "offset": [5152, 5165]}, {"key": "the-1940-act", "type": "clause", "offset": [5456, 5468]}, {"key": "to-provide", "type": "clause", "offset": [5507, 5517]}, {"key": "exemptive-relief", "type": "clause", "offset": [5518, 5534]}, {"key": "the-act", "type": "clause", "offset": [5557, 5564]}, {"key": "the-rules", "type": "clause", "offset": [5568, 5577]}, {"key": "with-respect-to", "type": "clause", "offset": [5601, 5616]}, {"key": "terms-and-conditions", "type": "definition", "offset": [5695, 5715]}, {"key": "contained-in", "type": "definition", "offset": [5748, 5760]}, {"key": "comply-with-rules", "type": "clause", "offset": [5918, 5935]}, {"key": "as-amended", "type": "definition", "offset": [5954, 5964]}, {"key": "continue-in-effect", "type": "clause", "offset": [6108, 6126]}], "hash": "0d343d55e9c6e97ced384b1bb1f986b7", "id": 5}, {"samples": [{"hash": "igfsZrkXJe0", "uri": "/contracts/igfsZrkXJe0#potential-conflicts", "label": "Fund Participation Agreement (Genworth Life & Annuity VA Separate Account 1)", "score": 17.3169059753, "published": true}, {"hash": "4BFtfp30H7f", "uri": "/contracts/4BFtfp30H7f#potential-conflicts", "label": "Fund Participation Agreement (Genworth Life of New York VA Separate Account 1)", "score": 17.3169059753, "published": true}, {"hash": "iMotiPS2PGi", "uri": "/contracts/iMotiPS2PGi#potential-conflicts", "label": "Participation Agreement (Agl Separate Account D)", "score": 16.0, "published": true}], "snippet": "4.1. The parties acknowledge that the Trust's shares may be made available for investment to other Participating Insurance Companies. In such event, the Trustees will monitor the Trust for the existence of any material irreconcilable conflict between the interests of the contract owners of all Participating Insurance Companies. A material irreconcilable conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory or other authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Portfolio are being managed; (e) a difference in voting instructions given by variable annuity contract and variable life insurance contract owners; or (f) a decision by an insurer to disregard the voting instructions of contract owners. The Trustees shall promptly inform the Company if they determine that a material irreconcilable conflict exists and the implications thereof. The Trustees shall have sole authority to determine whether a material irreconcilable conflict exists and their determination shall be binding upon the Company.\n4.2. The Company agrees to promptly report any potential or existing conflicts of which it is aware to the Trustees. The Company will assist the Trustees in carrying out their responsibilities under the Shared Trust Exemptive Order and this Article IV by providing the Trustees, upon reasonable request, with all information reasonably necessary for them to consider any issues raised including, but not limited to, information as to a decision by the Company to disregard Contract owner voting instructions.\n4.3. If it is determined by a majority of the Trustees, or a majority of the disinterested Trustees, that a material irreconcilable conflict exists that affects the interests of Contract owners, the Company shall, in cooperation with other Participating Insurance Companies whose contract owners are also affected, at its expense and to the extent reasonably practicable (as determined by Company and the Trustees jointly) take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps could include:\n(a) withdrawing the assets allocable to some or all of the Accounts from the Trust or any Portfolio and reinvesting such assets in a different investment medium, including (but not limited to) another Portfolio of the Trust, or submitting the question of whether or not such segregation should be implemented to a vote of all affected Contract owners and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners, life insurance contract owners, or variable contract owners of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected Contract owners the option of making such a change; and (b) establishing a new registered management investment company or managed separate account and obtaining any necessary approvals or orders of the Commission in connection therewith.\n4.4. If a material irreconcilable conflict arises because of a decision by the Company to disregard Contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Trust's election, to withdraw the affected Account's investment in the Trust and terminate this Agreement with respect to such Account; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested Trustees. Any such withdrawal and termination, assuming required regulatory approvals have been received, must take place within six (6) months after the Trust gives written notice that this provision is being implemented. Until the end of such six (6) month period, the Trust shall continue to accept and implement orders by the Company for the purchase and redemption of shares of the Trust.\n4.5. If any material irreconcilable conflict arises because a particular state insurance regulator's decision applicable to the Company conflicts with the majority of other state regulators, then the Company will withdraw the affected Account's investment in the Trust and terminate this Agreement with respect to such Account within six (6) months after the Trust gives written notice that it has determined that such decision has created a material irreconcilable conflict; provided, however, that such withdrawal and termination, assuming required regulatory approvals have been received, shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested Trustees. Until the end of such six (6) month period, the Trust shall continue to accept and implement orders by the Company for the purchase and redemption of shares of the Trust.\n4.6. For purposes of Sections 4.3. through 4.5. of this Agreement, a majority of the disinterested Trustees shall determine whether any proposed action adequately remedies any material irreconcilable conflict. The Company shall not be required by Section 4.3 to establish a new funding medium for the Contracts. In the event that the Trustees determine that any proposed action does not adequately remedy any material irreconcilable conflict, then the Company will withdraw the Account's investment in the Trust and terminate this Agreement within six (6) months after the Trust gives written notice of the foregoing determination; provided, however, that such withdrawal and termination shall be limited to the extent required by any such material irreconcilable conflict, as determined by a majority of the disinterested Trustees.\n4.7. The Company shall at least annually submit to the Trustees such reports, materials or data as the Trustees may reasonably request so that the Trustees may fully carry out the duties imposed upon them by the Shared Trust Exemptive Order and this Article IV. Said reports, materials and data shall be submitted more frequently if deemed appropriate by the Trustees.\n4.8. If and to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-3 is adopted, to provide exemptive relief from any provision of the 1940 Act or the rules promulgated thereunder with respect to mixed and/or shared funding (as defined in the Shared Trust Exemptive Order) on terms and conditions materially different from those contained in the Shared Trust Exemptive Order, then the Trust and/or the Participating Insurance Companies, as appropriate, shall take such steps as may be necessary to comply with Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the extent such rules are applicable.", "size": 189, "snippet_links": [{"key": "the-parties-acknowledge", "type": "clause", "offset": [5, 28]}, {"key": "made-available", "type": "clause", "offset": [60, 74]}, {"key": "participating-insurance-companies", "type": "clause", "offset": [99, 132]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [219, 242]}, {"key": "the-interests", "type": "clause", "offset": [251, 264]}, {"key": "contract-owners", "type": "definition", "offset": [272, 287]}, {"key": "action-by", "type": "clause", "offset": [419, 428]}, {"key": "any-state", "type": "definition", "offset": [429, 438]}, {"key": "insurance-regulatory", "type": "clause", "offset": [439, 459]}, {"key": "other-authority", "type": "definition", "offset": [463, 478]}, {"key": "a-change-in", "type": "definition", "offset": [484, 495]}, {"key": "laws-or-regulations", "type": "clause", "offset": [554, 573]}, {"key": "private-letter-ruling", "type": "definition", "offset": [595, 616]}, {"key": "securities-regulatory-authorities", "type": "definition", "offset": [698, 731]}, {"key": "judicial-decision", "type": "definition", "offset": [758, 775]}, {"key": "investments-of", "type": "clause", "offset": [832, 846]}, {"key": "voting-instructions", "type": "clause", "offset": [900, 919]}, {"key": "variable-annuity-contract", "type": "definition", "offset": [929, 954]}, {"key": "variable-life-insurance-contract", "type": "definition", "offset": [959, 991]}, {"key": "the-voting", "type": "clause", "offset": [1045, 1055]}, {"key": "of-contract", "type": "clause", "offset": [1069, 1080]}, {"key": "determine-whether-a", "type": "clause", "offset": [1273, 1292]}, {"key": "upon-the-company", "type": "definition", "offset": [1374, 1390]}, {"key": "the-company-agrees-to", "type": "clause", "offset": [1397, 1418]}, {"key": "promptly-report", "type": "definition", "offset": [1419, 1434]}, {"key": "existing-conflicts", "type": "clause", "offset": [1452, 1470]}, {"key": "the-company-will", "type": "clause", "offset": [1509, 1525]}, {"key": "assist-the", "type": "clause", "offset": [1526, 1536]}, {"key": "the-shared", "type": "clause", "offset": [1591, 1601]}, {"key": "exemptive-order", "type": "definition", "offset": [1608, 1623]}, {"key": "article-iv", "type": "definition", "offset": [1633, 1643]}, {"key": "providing-the", "type": "clause", "offset": [1647, 1660]}, {"key": "reasonable-request", "type": "definition", "offset": [1676, 1694]}, {"key": "all-information", "type": "clause", "offset": [1701, 1716]}, {"key": "necessary-for", "type": "definition", "offset": [1728, 1741]}, {"key": "not-limited", "type": "clause", "offset": [1792, 1803]}, {"key": "owner-voting", "type": "clause", "offset": [1874, 1886]}, {"key": "majority-of-the-trustees", "type": "definition", "offset": [1931, 1955]}, {"key": "disinterested-trustees", "type": "definition", "offset": [1978, 2000]}, {"key": "the-company-shall", "type": "clause", "offset": [2096, 2113]}, {"key": "cooperation-with", "type": "clause", "offset": [2118, 2134]}, {"key": "to-the-extent", "type": "clause", "offset": [2235, 2248]}, {"key": "by-company", "type": "clause", "offset": [2287, 2297]}, {"key": "the-material", "type": "definition", "offset": [2381, 2393]}, {"key": "the-assets", "type": "clause", "offset": [2462, 2472]}, {"key": "the-accounts", "type": "clause", "offset": [2501, 2513]}, {"key": "investment-medium", "type": "definition", "offset": [2589, 2606]}, {"key": "a-vote", "type": "definition", "offset": [2758, 2764]}, {"key": "variable-contract", "type": "definition", "offset": [2933, 2950]}, {"key": "in-favor-of", "type": "clause", "offset": [3019, 3030]}, {"key": "the-option", "type": "clause", "offset": [3093, 3103]}, {"key": "registered-management-investment-company", "type": "clause", "offset": [3156, 3196]}, {"key": "separate-account", "type": "definition", "offset": [3208, 3224]}, {"key": "necessary-approvals", "type": "clause", "offset": [3243, 3262]}, {"key": "the-commission", "type": "clause", "offset": [3276, 3290]}, {"key": "in-connection", "type": "definition", "offset": [3291, 3304]}, {"key": "minority-position", "type": "definition", "offset": [3482, 3499]}, {"key": "majority-vote", "type": "definition", "offset": [3520, 3533]}, {"key": "affected-account", "type": "definition", "offset": [3605, 3621]}, {"key": "investment-in-the-trust", "type": "clause", "offset": [3624, 3647]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3652, 3676]}, {"key": "with-respect-to", "type": "clause", "offset": [3677, 3692]}, {"key": "termination-shall", "type": "clause", "offset": [3751, 3768]}, {"key": "required-by", "type": "definition", "offset": [3794, 3805]}, {"key": "the-foregoing", "type": "definition", "offset": [3806, 3819]}, {"key": "required-regulatory-approvals", "type": "definition", "offset": [3958, 3987]}, {"key": "written-notice", "type": "clause", "offset": [4068, 4082]}, {"key": "by-the-company-for", "type": "clause", "offset": [4225, 4243]}, {"key": "shares-of", "type": "clause", "offset": [4275, 4284]}, {"key": "state-insurance-regulator", "type": "definition", "offset": [4369, 4394]}, {"key": "company-conflicts", "type": "clause", "offset": [4424, 4441]}, {"key": "the-majority", "type": "clause", "offset": [4447, 4459]}, {"key": "state-regulators", "type": "definition", "offset": [4469, 4485]}, {"key": "for-purposes-of-sections", "type": "clause", "offset": [5213, 5237]}, {"key": "proposed-action", "type": "clause", "offset": [5344, 5359]}, {"key": "section-43", "type": "clause", "offset": [5455, 5466]}, {"key": "to-establish", "type": "clause", "offset": [5467, 5479]}, {"key": "the-contracts", "type": "clause", "offset": [5505, 5518]}, {"key": "in-the-event", "type": "clause", "offset": [5520, 5532]}, {"key": "notice-of-the", "type": "clause", "offset": [5801, 5814]}, {"key": "submit-to", "type": "definition", "offset": [6082, 6091]}, {"key": "reasonably-request", "type": "definition", "offset": [6157, 6175]}, {"key": "materials-and-data", "type": "clause", "offset": [6317, 6335]}, {"key": "by-the-trustees", "type": "clause", "offset": [6393, 6408]}, {"key": "to-provide", "type": "clause", "offset": [6506, 6516]}, {"key": "exemptive-relief", "type": "clause", "offset": [6517, 6533]}, {"key": "the-1940-act", "type": "clause", "offset": [6556, 6568]}, {"key": "the-rules", "type": "clause", "offset": [6572, 6581]}, {"key": "shared-funding", "type": "clause", "offset": [6634, 6648]}, {"key": "terms-and-conditions", "type": "definition", "offset": [6701, 6721]}, {"key": "contained-in", "type": "definition", "offset": [6754, 6766]}, {"key": "the-participating", "type": "clause", "offset": [6823, 6840]}, {"key": "comply-with-rules", "type": "clause", "offset": [6923, 6940]}, {"key": "as-amended", "type": "definition", "offset": [6959, 6969]}], "hash": "6e74627f79736c3761e3a92bcab9dd0c", "id": 6}, {"samples": [{"hash": "lBglY7gQv8y", "uri": "/contracts/lBglY7gQv8y#potential-conflicts", "label": "Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)", "score": 19.0, "published": true}, {"hash": "hNDmIVyNChz", "uri": "/contracts/hNDmIVyNChz#potential-conflicts", "label": "Participation Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)", "score": 19.0, "published": true}, {"hash": "g3E1OuItVzQ", "uri": "/contracts/g3E1OuItVzQ#potential-conflicts", "label": "Participation Agreement (Variable Annuity Account I of Ing Insurance Co of America)", "score": 19.0, "published": true}], "snippet": "7.1. The Trustees will monitor the Trust for the existence of any material irreconcilable conflict between the interests of the Contract owners or participants of all separate accounts investing in the Trust. A material irreconcilable conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Authorized Fund are being managed; (e) a difference in voting instructions given by variable annuity contract and variable life insurance contract owners or participants; or (f) a decision by an insurer to disregard the voting instructions of Contract owners or participants. The Trust shall promptly inform the Company if the Trustees determine that a material irreconcilable conflict exists and the implications thereof.\n7.2. The Company will report any potential or existing conflicts of which it is aware to the Trustees. The Company will assist the Trustees in carrying out their responsibilities under the Mixed and Shared Funding Exemptive Order, by providing the Trustees with all information reasonably necessary for the Trustees to consider any issues raised. This responsibility includes, but is not limited to, an obligation by the Company to inform the Trustees whenever Contract owner voting instructions are disregarded.\n7.3. If it is determined by a majority of the Trustees, or a majority of the disinterested Trustees, that a material irreconcilable conflict exists, the Company shall to the extent reasonably practicable (as determined by a majority of the disinterested Trustees), take, at the Company's expense (but only if the Trustees determine that the Company is responsible for causing or creating said conflict, said conflict is caused by operation of law or said conflict is the result of some other cause outside the control of the Trust or any of the Participating Insurance Companies), whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, up to and including: (1) withdrawing the assets allocable to some or all of the separate accounts from the Trust or any Authorized Fund thereof and reinvesting such assets in a different investment medium, including (but not limited to) another series of the Trust, or submitting the question whether such segregation should be implemented to a vote of all affected Contract owners or participants and, as appropriate, segregating the assets of any appropriate group (i.e., annuity contract owners or participants, life insurance contract owners or participants, or variable contract owners or participants of one or more Participating Insurance Companies) that votes in favor of such segregation, or offering to the affected Contract owners or participants the option of making such a change; and (2) establishing a new registered management investment company or managed separate account.\n7.4. If a material irreconcilable conflict arises because of a decision by the Company to disregard Contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, the Company may be required, at the Trust's election, to withdraw the affected Account's investment in one or more portfolios of the Trust and terminate this Agreement with respect to such Account; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested Trustees. No charge or penalty shall be imposed as a result of such withdrawal. Any such withdrawal and termination must take place within six (6) months after the Trust gives written notice that this provision is being implemented, and until the end of that six month period, the Distributor and the Trust shall, to the extent permitted by law and any exemptive relief previously granted to the Trust, continue to accept and implement orders of the Company for the purchase (and redemption) of shares of the Trust.\n7.5. If a material irreconcilable conflict arises because of a particular state insurance regulator's decision applicable to the Company to disregard Contract owner voting instructions and that decision represents a minority position or would preclude a majority vote, then the Company may be required, at the Trust's direction, to withdraw the affected Account's investment in one or more Authorized Funds of the Trust; provided, however, that such withdrawal and termination shall be limited to the extent required by the foregoing material irreconcilable conflict as determined by a majority of the disinterested Trustees. Any such withdrawal and termination must take place within six (6) months after the Trust gives written notice that this provision is being implemented, unless a shorter period is required by law, and until the end of the foregoing six month period (or such shorter period if required by law), the Distributor and the Trust shall, to the extent permitted by law and any exemptive relief previously granted to the Trust, continue to accept and implement orders by that Company for the purchase (and redemption) of shares of the Trust. No charge or penalty will be imposed as a result of such withdrawal. 7.6. For purposes of Sections 7.3 through 7.6 of this Agreement, a majority of the disinterested Trustees shall determine whether any proposed action adequately remedies any material irreconcilable conflict. Neither the Trust nor the Distributor shall be required to establish a new funding medium for the Contracts, nor shall the Company be required to do so, if an offer to do so has been declined by vote of a majority of Contract owners or participants materially adversely affected by the material irreconcilable conflict. In the event that the Trustees determine that any proposed action does not adequately remedy any material irreconcilable conflict, then the Company will withdraw the Account's investment in one or more Authorized Funds of the Trust and terminate this Agreement within six (6) months (or such shorter period as may be required by law or any exemptive relief previously granted to the Trust) after the Trustees inform the Company in writing of the foregoing determination; provided, however, that such withdrawal and termination shall be limited to the extent required by any such material irreconcilable conflict as determined by a majority of the disinterested Trustees. No charge or penalty will be imposed as a result of such withdrawal.", "size": 183, "snippet_links": [{"key": "irreconcilable-conflict", "type": "definition", "offset": [75, 98]}, {"key": "the-interests", "type": "clause", "offset": [107, 120]}, {"key": "contract-owners", "type": "definition", "offset": [128, 143]}, {"key": "action-by", "type": "clause", "offset": [298, 307]}, {"key": "any-state", "type": "definition", "offset": [308, 317]}, {"key": "insurance-regulatory-authority", "type": "definition", "offset": [318, 348]}, {"key": "a-change-in", "type": "definition", "offset": [354, 365]}, {"key": "laws-or-regulations", "type": "clause", "offset": [424, 443]}, {"key": "private-letter-ruling", "type": "definition", "offset": [465, 486]}, {"key": "securities-regulatory-authorities", "type": "definition", "offset": [568, 601]}, {"key": "judicial-decision", "type": "definition", "offset": [628, 645]}, {"key": "investments-of", "type": "clause", "offset": [702, 716]}, {"key": "voting-instructions", "type": "clause", "offset": [776, 795]}, {"key": "variable-annuity-contract", "type": "definition", "offset": [805, 830]}, {"key": "variable-life-insurance-contract", "type": "definition", "offset": [835, 867]}, {"key": "the-voting", "type": "clause", "offset": [937, 947]}, {"key": "of-contract", "type": "clause", "offset": [961, 972]}, {"key": "the-company-will", "type": "clause", "offset": [1149, 1165]}, {"key": "existing-conflicts", "type": "clause", "offset": [1190, 1208]}, {"key": "assist-the", "type": "clause", "offset": [1264, 1274]}, {"key": "mixed-and-shared-funding-exemptive-order", "type": "clause", "offset": [1333, 1373]}, {"key": "providing-the", "type": "clause", "offset": [1378, 1391]}, {"key": "all-information", "type": "clause", "offset": [1406, 1421]}, {"key": "necessary-for", "type": "definition", "offset": [1433, 1446]}, {"key": "not-limited", "type": "clause", "offset": [1528, 1539]}, {"key": "by-the-company", "type": "clause", "offset": [1558, 1572]}, {"key": "owner-voting", "type": "clause", "offset": [1614, 1626]}, {"key": "majority-of-the-trustees", "type": "definition", "offset": [1687, 1711]}, {"key": "disinterested-trustees", "type": "definition", "offset": [1734, 1756]}, {"key": "the-company-shall", "type": "clause", "offset": [1806, 1823]}, {"key": "responsible-for", "type": "clause", "offset": [2009, 2024]}, {"key": "by-operation-of-law", "type": "definition", "offset": [2084, 2103]}, {"key": "other-cause", "type": "clause", "offset": [2143, 2154]}, {"key": "control-of-the-trust", "type": "clause", "offset": [2167, 2187]}, {"key": "participating-insurance-companies", "type": "clause", "offset": [2202, 2235]}, {"key": "the-material", "type": "definition", "offset": [2290, 2302]}, {"key": "the-assets", "type": "clause", "offset": [2365, 2375]}, {"key": "the-separate-accounts", "type": "clause", "offset": [2404, 2425]}, {"key": "investment-medium", "type": "definition", "offset": [2515, 2532]}, {"key": "series-of-the-trust", "type": "clause", "offset": [2573, 2592]}, {"key": "a-vote", "type": "definition", "offset": [2671, 2677]}, {"key": "variable-contract", "type": "definition", "offset": [2894, 2911]}, {"key": "in-favor-of", "type": "clause", "offset": [2996, 3007]}, {"key": "the-option", "type": "clause", "offset": [3086, 3096]}, {"key": "registered-management-investment-company", "type": "clause", "offset": [3149, 3189]}, {"key": "minority-position", "type": "definition", "offset": [3385, 3402]}, {"key": "majority-vote", "type": "definition", "offset": [3423, 3436]}, {"key": "affected-account", "type": "definition", "offset": [3508, 3524]}, {"key": "portfolios-of-the-trust", "type": "clause", "offset": [3553, 3576]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3581, 3605]}, {"key": "with-respect-to", "type": "clause", "offset": [3606, 3621]}, {"key": "termination-shall", "type": "clause", "offset": [3680, 3697]}, {"key": "the-foregoing", "type": "definition", "offset": [3735, 3748]}, {"key": "no-charge", "type": "definition", "offset": [3841, 3850]}, {"key": "written-notice", "type": "clause", "offset": [4007, 4021]}, {"key": "six-month-period", "type": "clause", "offset": [4090, 4106]}, {"key": "the-distributor", "type": "clause", "offset": [4108, 4123]}, {"key": "to-the-extent-permitted-by-law", "type": "clause", "offset": [4145, 4175]}, {"key": "exemptive-relief", "type": "clause", "offset": [4184, 4200]}, {"key": "to-the-trust", "type": "definition", "offset": [4220, 4232]}, {"key": "of-the-company", "type": "clause", "offset": [4274, 4288]}, {"key": "the-purchase", "type": "clause", "offset": [4293, 4305]}, {"key": "shares-of", "type": "clause", "offset": [4326, 4335]}, {"key": "state-insurance-regulator", "type": "definition", "offset": [4421, 4446]}, {"key": "to-the-company", "type": "clause", "offset": [4469, 4483]}, {"key": "funds-of-the-trust", "type": "clause", "offset": [4748, 4766]}, {"key": "required-by-law", "type": "definition", "offset": [5153, 5168]}, {"key": "if-required", "type": "definition", "offset": [5246, 5257]}, {"key": "for-purposes-of-sections", "type": "clause", "offset": [5581, 5605]}, {"key": "determine-whether", "type": "clause", "offset": [5688, 5705]}, {"key": "proposed-action", "type": "clause", "offset": [5710, 5725]}, {"key": "to-establish", "type": "clause", "offset": [5840, 5852]}, {"key": "the-contracts", "type": "clause", "offset": [5878, 5891]}, {"key": "by-vote", "type": "clause", "offset": [5976, 5983]}, {"key": "affected-by", "type": "definition", "offset": [6054, 6065]}, {"key": "in-the-event", "type": "clause", "offset": [6104, 6116]}, {"key": "the-account", "type": "clause", "offset": [6266, 6277]}, {"key": "in-writing", "type": "definition", "offset": [6532, 6542]}], "hash": "93d6ecfed116b72eed0ffe245ffed83c", "id": 7}, {"samples": [{"hash": "7tEpIklvYl7", "uri": "/contracts/7tEpIklvYl7#potential-conflicts", "label": "Participation Agreement (Pruco Life of New Jersey Variable Appreciable Account)", "score": 32.7385368347, "published": true}, {"hash": "kLF3eHWy1zV", "uri": "/contracts/kLF3eHWy1zV#potential-conflicts", "label": "Participation Agreement (Variable Annuity Account)", "score": 32.3169059753, "published": true}, {"hash": "dE9lwGRF3wB", "uri": "/contracts/dE9lwGRF3wB#potential-conflicts", "label": "Participation Agreement (Minnesota Life Individual Variable Universal Life Account)", "score": 32.3169059753, "published": true}], "snippet": "7.1 The Board will monitor the Fund for the existence of any material irreconcilable conflict between the interests of the contract owners of all separate accounts investing in the Fund. An irreconcilable material conflict may arise for a variety of reasons, including: (a) an action by any state insurance regulatory authority; (b) a change in applicable federal or state insurance, tax, or securities laws or regulations, or a public ruling, private letter ruling, no-action or interpretative letter, or any similar action by insurance, tax, or securities regulatory authorities; (c) an administrative or judicial decision in any relevant proceeding; (d) the manner in which the investments of any Portfolio are being managed; (e) a difference in voting instructions given by variable annuity contract and variable life insurance contract owners; or (f) a decision by an insurer to disregard the voting instructions of contract owners. The Board shall promptly inform the Company if it determines that an irreconcilable material conflict exists and the implications thereof.", "size": 142, "snippet_links": [{"key": "the-board", "type": "clause", "offset": [4, 13]}, {"key": "monitor-the-fund", "type": "definition", "offset": [19, 35]}, {"key": "irreconcilable-conflict", "type": "definition", "offset": [70, 93]}, {"key": "the-interests", "type": "clause", "offset": [102, 115]}, {"key": "contract-owners", "type": "definition", "offset": [123, 138]}, {"key": "separate-accounts", "type": "definition", "offset": [146, 163]}, {"key": "investing-in-the-fund", "type": "clause", "offset": [164, 185]}, {"key": "action-by", "type": "clause", "offset": [277, 286]}, {"key": "insurance-regulatory-authority", "type": "definition", "offset": [297, 327]}, {"key": "a-change-in", "type": "definition", "offset": [333, 344]}, {"key": "laws-or-regulations", "type": "clause", "offset": [403, 422]}, {"key": "private-letter-ruling", "type": "definition", "offset": [444, 465]}, {"key": "securities-regulatory-authorities", "type": "definition", "offset": [547, 580]}, {"key": "judicial-decision", "type": "definition", "offset": [607, 624]}, {"key": "investments-of", "type": "clause", "offset": [681, 695]}, {"key": "voting-instructions", "type": "clause", "offset": [749, 768]}, {"key": "variable-annuity-contract", "type": "definition", "offset": [778, 803]}, {"key": "variable-life-insurance-contract", "type": "definition", "offset": [808, 840]}, {"key": "the-voting", "type": "clause", "offset": [894, 904]}, {"key": "of-contract", "type": "clause", "offset": [918, 929]}, {"key": "board-shall", "type": "definition", "offset": [942, 953]}, {"key": "the-company", "type": "definition", "offset": [970, 981]}], "hash": "259cd199170496864b2e42da629e523c", "id": 9}, {"samples": [{"hash": "9vclDk0KWMN", "uri": "/contracts/9vclDk0KWMN#potential-conflicts", "label": "Advisory Agreement (Peace Acquisition Corp.)", "score": 35.3860359192, "published": true}, {"hash": "fl6VWSjMJQ0", "uri": "/contracts/fl6VWSjMJQ0#potential-conflicts", "label": "Advisory Agreement (West Enclave Merger Corp.)", "score": 35.3367538452, "published": true}, {"hash": "8HaGhdWROxv", "uri": "/contracts/8HaGhdWROxv#potential-conflicts", "label": "Advisory Agreement (AmperCap Acquisition Co)", "score": 35.2053375244, "published": true}], "snippet": "The Company acknowledges that the Advisor is a full-service securities firm engaged in securities trading and brokerage activities and providing investment banking and advisory services from which conflicting interests may arise. Subject to applicable law, in the ordinary course of business, the Advisor and its affiliates may at any time hold long or short positions, and may trade or otherwise effect transactions, for their own account or the accounts of customers, in debt or equity securities of the Company, its affiliates or other entities that may be involved in the transactions contemplated hereby. 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Typically, this clause requires parties to disclose any known or potential conflicts of interest and may outline procedures for managing or resolving such conflicts, such as notifying the other party or seeking consent before proceeding. Its core function is to promote transparency and prevent disputes by ensuring that all parties are aware of and can address any competing interests that might affect the performance of the agreement."}, "json": true, "cursor": ""}}