Examples of MLLIC in a sentence
Where such material changes are for consideration by the Board of AVIF, such notice requirement of AVIF may be satisfied by providing MLLIC with a copy of an agenda of the relevant Board of Directors meeting of AVIF.
MLLIC and AVIF (or its investment adviser) will at least annually submit to the Board of Directors of AVIF such reports, materials or data as the Board of Directors may reasonably request so that the Board of Directors may fully carry out the obligations imposed upon it by the provisions hereof or any exemptive order granted by the SEC to permit Mixed and Shared Funding, and said reports, materials and data will be submitted at any reasonable time deemed appropriate by the Board of Directors.
MLLIC reserves the right to revoke this election and to receive all such income dividends and capital gain distributions in cash.
AVIF will notify MLLIC immediately upon having a reasonable basis for believing that a Fund has ceased to so qualify or that it might not so qualify in the future.
Shares ordered from AVIF will be recorded in an appropriate title for MLLIC, on behalf of its Account.
Subject to applicable law, neither MLLIC nor any of its affiliates will in any way recommend action in connection with or oppose or interfere with the solicitation of proxies for the Shares held for such Participants.
AVIF hereby notifies MLLIC that it may be appropriate to include in the prospectus pursuant to which a Contract is offered disclosure regarding the potential risks of Mixed and Shared Funding.
AVIF agrees to consult in advance with MLLIC concerning any decision to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to its shareholders.
AVIF will wire payment in federal funds for net redemptions to an account designated by MLLIC by 1:00 p.m. Central Time on the same day as the Order is placed, to the extent practicable, but in any event within five (5) calendar days after the date the order is placed in order to enable MLLIC to pay redemption proceeds within the time specified in Section 22(e) of the 1940 Act or such shorter period of time as may be required by law.
AVIF will make Shares of each Fund available to MLLIC for purchase and redemption at net asset value and with no sales charges, subject to the terms and conditions of this Agreement.