Common use of Sale of the Fund Shares Clause in Contracts

Sale of the Fund Shares. 1.1 (a) Subject to Article 7 hereof, the Fund shall make available to the Company, for purchase on behalf of the Accounts, Shares of the Portfolios in accordance with this Agreement and the provisions of the then-effective prospectus and Statement of Additional Information (“SAI”) of the Fund (collectively, “Prospectus”). The Fund hereby appoints the Company as an agent of the Fund for the limited purpose of receiving and accepting purchase, exchange and redemption requests on behalf of the Accounts (but not with respect to any Shares that may be held in the general account of the Company) for Shares of those Portfolios made available hereunder, based on allocations of amounts to the Accounts or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Accounts. Receipt of such orders by the Company shall constitute receipt by the Fund.

Appears in 3 contracts

Samples: Fund Participation Agreement (Riversource Variable Account 10), Fund Participation Agreement (Riversource of New York Variable Annuity Account), Fund Participation Agreement (Riversource Variable Account 10)

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Sale of the Fund Shares. 1.1 (a) Subject to Article 7 hereof, the Fund shall make available to the Company, for purchase on behalf of the Accounts, Shares of the Portfolios in accordance with this Agreement and the provisions of the then-effective prospectus and Statement of Additional Information ("SAI") of the Fund (collectively, "Prospectus"). The Fund hereby appoints the Company as an agent of the Fund for the limited purpose of receiving and accepting purchase, exchange and redemption requests on behalf of the Accounts (but not with respect to any Shares that may be held in the general account of the Company) for Shares of those Portfolios made available hereunder, based on allocations of amounts to the Accounts or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Accounts. Receipt of such orders by the Company shall constitute receipt by the Fund.

Appears in 2 contracts

Samples: Fund Participation Agreement (Riversource Variable Account 10), Fund Participation Agreement (Riversource of New York Variable Annuity Account)

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Sale of the Fund Shares. 1.1 (a) Subject to Article 7 hereof, the Fund shall make available to the Company, for purchase on behalf of the Accounts, Shares of the ofthe Portfolios in accordance with this Agreement and the provisions of the ofthe then-effective prospectus and Statement of Additional Information (“SAIXXx”) of the Fund (collectively, “Prospectus”). The Fund hereby appoints the Company as an agent of the Fund for the limited purpose of receiving and accepting purchase, exchange and redemption requests on behalf of the Accounts (but not with respect to any Shares that may be held in the general account of the Company) for Shares of those Portfolios made available hereunder, based on allocations of amounts to the Accounts or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Accounts. Receipt of such orders by the Company shall constitute receipt by the Fund.

Appears in 1 contract

Samples: Fund Participation Agreement (Riversource of New York Variable Annuity Account)

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