Common use of Processing Adjustments Clause in Contracts

Processing Adjustments. In the event of any error or delay with respect to these Manual Procedures that is caused by the Fund or its designee, the Fund will make any adjustments on its (or its transfer agent's) recordkeeping system necessary to correct such error or delay. The Company will make the corresponding adjustments on its accounting system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures. <Page> AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT AMONG THE UNIVERSAL INSTITUTIONAL FUNDS, INC., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ DISTRIBUTION, INC., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT INC., AND LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK THIS AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT, dated as of May 1, 2014 (the "Amendment"), is by and among Lincoln Life & Annuity Company of New York (the "Company"), The Universal Institutional Funds, Inc. (the "Fund"), ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Distribution, Inc. (the "Underwriter") and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Inc. (the "Adviser"). This Amendment hereby amends the Participation Agreement, dated as of November 1, 2008, by and among the Company, the Fund, the Underwriter and the Adviser (the "Agreement"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement

Processing Adjustments. In the event of any error or delay with respect to these Manual Procedures that is caused by the Fund or its designee, the Fund will make any adjustments on its (or its transfer agent's) recordkeeping system necessary to correct such error or delay. The Company will make the corresponding adjustments on its accounting system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures. <Page> AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT AMONG THE UNIVERSAL INSTITUTIONAL FUNDS, INC., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ DISTRIBUTION, INC., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT INC., AND THE LINCOLN NATIONAL LIFE & ANNUITY INSURANCE COMPANY OF NEW YORK THIS AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT, dated as of May 1, 2014 (the "Amendment"), is by and among The Lincoln National Life & Annuity Insurance Company of New York (the "Company"), The Universal Institutional Funds, Inc. (the "Fund"), ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Distribution, Inc. (the "Underwriter") and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Inc. (the "Adviser"). This Amendment hereby amends the Participation Agreement, dated as of November 1, 2008, by and among the Company, the Fund, the Underwriter and the Adviser (the "Agreement"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement