Common use of Qualified Plans Clause in Contracts

Qualified Plans. It is anticipated that the Exemptive Order, when and if issued, shall require the Fund and each Participating Insurance Company to comply with conditions and undertakings substantially as provided in this Article VII. If the Exemptive Order imposes conditions on the Company materially different from those provided for in this Article VII, the conditions and undertakings imposed by the Exemptive Order shall govern this Agreement. The Fund will not enter into a participation agreement with any other Participating Insurance Company unless it imposes the same conditions and undertakings as are imposed on the Company hereby.

Appears in 14 contracts

Samples: Participation Agreement (First Golden American Life Insurance Co of New York), Participation Agreement (Separate Account Ny-B of First Golden Amer Life Ins Co of Ny), Participation Agreement (Separate Account Ny-B of First Golden Amer Life Ins Co of Ny)

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Qualified Plans. It is anticipated that the Exemptive Order, when and if issued, shall require the Fund and each Participating Insurance Company to comply with conditions and undertakings substantially as provided in this Article VIIVI. If the Exemptive Order imposes conditions on the Company materially different from those provided for in this Article VIIVI, the conditions and undertakings imposed by the Exemptive Order shall govern this Agreement. The Fund will not enter into a participation agreement Agreement and the parties hereto agree to amend this Agreement consistent with any other Participating Insurance Company unless it imposes the same conditions and undertakings as are imposed on the Company herebyExemptive Order.

Appears in 4 contracts

Samples: Participation Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R), Agreement (Navellier Variable Insurance Series Fund Inc), Participation Agreement (American General Life Insurance Co Separate Account D)

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Qualified Plans. It is anticipated that the Exemptive Order, when and if issued, shall require the Fund and each Participating Insurance Company to comply with conditions and undertakings substantially as provided in this Article VIISection 6. If the Exemptive Order imposes conditions on the Company materially different from those provided for in this Article VIISection 6, the conditions and undertakings imposed by the Exemptive Order shall govern this AgreementAgreement and the parties hereto agree to amend this Agreement consistent with the Exemptive Order. The Fund will not enter into a participation agreement with any other Participating Insurance Company unless it imposes imposed the same conditions and undertakings as are imposed on the Company herebyCompany.

Appears in 1 contract

Samples: Participation Agreement (Variable Account a/Ma)

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