Continuance of Agreement for Certain Purposes. Notwithstanding any termination of this Agreement, the Distributor shall continue, at the option of the Insurer, to make available shares of the Portfolios pursuant to the terms and conditions of this Agreement, for all Contracts in effect on the effective date of termination of this Agreement (the "Existing Contracts"), except as otherwise provided under Section 5 of this Agreement. Specifically, and without limitation, the Distributor shall, at the option of the Insurer, facilitate the sale and purchase of shares of the Portfolios as necessary in order to process premium payments, surrenders and other withdrawals, and transfers or reallocations of values under Existing Contracts.
Appears in 8 contracts
Samples: Participation Agreement (Vel Ii Acct of State Mutual Life Assur Co of America), Participation Agreement (Commonwealth Annuity Separate Account A), Participation Agreement (Sep Acct Va K Execannuity of Allmerica Fin Lfe Ins & Ann Co)
