TCIP definition
Examples of TCIP in a sentence
The Company shall vote TCIP shares for which no instructions have been received in the same proportion as shares for which such instructions have been received.
In addition, TCIP shall provide the Company with a sufficient quantity of its prospectuses to be used in connection with the offerings and transactions contemplated by this Agreement.
As set forth in such application, the Board of Directors of TCIP (the "Board") will monitor TCIP for the existence of any material irreconcilable conflict between the interests of the contractholders of all separate accounts ("Participating Companies") investing in TCIP.
The Company has advised TCIP and Investors Research, and TCIP and Investors Research understand that the Contracts provide that the Company reserves the night to substitute the shares of another investment company or series thereof for the shares of TCIP if such shares are no longer available for investment, or if, in the judgment of the Company's management, further investment in the shares of the Fund would be inappropriate in view of the purposes of the Contracts.
TCIP and Investors Research further recognize that they will derive a substantial savings in administrative expense, such as significant reductions in postage expense and shareholder communications and recordkeeping, by virtue of having a sole shareholder rather than multiple shareholders.
Any orders received by the Company acting as agent on such day but after the close of the Exchange will be executed by TCIP at the net asset value determined as of the close of the Exchange on the next business day following the day of receipt of such order.
TCIP and Investors Research recognize the Company as the sole shareholder of TCIP shares issued under this Agreement.
Orders from Contract owners received by the Company acting as agent for TCIP prior to the close of the Exchange on any given business day will be executed by TCIP at the net asset value determined as of the close of the Exchange on such business day.
The Company will provide to TCIP at least one complete copy of all registration statements, prospectuses, statements of additional information, annual and semi-annual reports, proxy statements, and all amendments or supplements to any of the above that relate to an Account promptly after the filing of such document with the SEC or other regulatory authority.
Payment for net redemptions will ordinarily be wired one business day after the order for the redemptions has been sent by the Company to TCIP or its specified agent.