Common use of Termination by Any Party Clause in Contracts

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party.

Appears in 6 contracts

Samples: Participation Agreement (Annuity Investors Variable Account B), Participation Agreement (Ohio National Variable Account A), Participation Agreement (Annuity Investors Variable Account A)

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Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a an material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors Distributor by the NASD, the SEC or any other regulatory body provided that the terminating Party Xxxxx has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party.

Appears in 3 contracts

Samples: Service Agreement (Galic of New York Separate Account I), Participation Agreement (Annuity Investors Variable Account B), Participation Agreement (Annuity Investors Variable Account B)

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party.. 12.5

Appears in 2 contracts

Samples: Participation Agreement (Empire Fidelity Investments Variable Annuity Account A), Participation Agreement (Fidelity Investments Variable Annuity Account I)

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a an material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors Distributor by the NASD, the SEC or any other regulatory body provided that the terminating Party Xxxxx has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-non- assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party.

Appears in 1 contract

Samples: Participation Agreement (Timothy Plan)

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party.the

Appears in 1 contract

Samples: Participation Agreement (National Variable Annuity Account Ii)

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party party at any time (A) by giving 30 days' written notice to the other Parties parties in the event of a material breach of this Agreement by the other Party party or Parties parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Partyparty, (ii) by the non-assigning Party party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-self- regulatory organization with jurisdiction over the terminating Partyparty.

Appears in 1 contract

Samples: Participation Agreement (Providian Life & Health Insurance Co Separate Account V)

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Termination by Any Party. This Agreement may be terminated as to any Fund by any Party party at any time (A) by giving 30 days' ’ written notice to the other Parties parties in the event of a material breach of this Agreement by the other Party party or Parties parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Partyparty, (ii) by the non-assigning Party party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Partyparty.

Appears in 1 contract

Samples: Participation Agreement (TFLIC Separate Account VNY)

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (Aa) by giving 30 days' written notice to the other Parties in the event of a material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (Bb) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party.

Appears in 1 contract

Samples: Participation Agreement (National Variable Life Insurance Account)

Termination by Any Party. This Agreement may be terminated as to any Fund by any Party party at any time (A) by giving 30 days' written notice to the other Parties parties in the event of a material breach of this Agreement by the other Party party or Parties parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Partyparty, (ii) by the non-assigning Party party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Partyparty.

Appears in 1 contract

Samples: Proposed Participation Agreement (Ameritas Life Insurance Corp Separate Account Llva)

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