Common use of EXEMPTIVE RELIEF Clause in Contracts

EXEMPTIVE RELIEF. 6.1 Insurance Company has reviewed a copy of the order dated February 5, 1998 of the Securities and Exchange Commission under Section 6(c) of the Act with respect to the Fund and, in particular, has reviewed the conditions to the relief set forth in the related Notice. As set forth therein, if the Fund is a Participating Fund, Insurance Company agrees, as applicable, to report any potential or existing conflicts promptly to the Fund's Board and, in particular, whenever contract voting instructions are disregarded, and recognizes that it will be responsible for assisting the Board in carrying out its responsibilities under such application. Insurance Company agrees to carry out such responsibilities with a view to the interests of existing Contractholders.

Appears in 8 contracts

Samples: Fund Participation Agreement (Separate Account Kg of First Allmerica Fin Life Ins Co), Fund Participation Agreement (Separate Account Fuvul of Allmerica Finan Life Ins & Annu Co), Fund Participation Agreement (Separate Account Kg of Allmerica Fin Life Ins & Annuity Co)

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EXEMPTIVE RELIEF. 6.1 7.1 Insurance Company has reviewed a copy of the order Order dated February 5, 1998 of the Securities and Exchange Commission under Section 6(c) of the Act with respect to the Fund Participating Funds and, in particular, has reviewed the conditions to the relief set forth in the related NoticeNotice of Application for agenda order. As set forth therein, if the Fund is a Participating Fund, Insurance Company agrees, as applicable, to report any potential or existing conflicts promptly to the Fund's Board and, in particular, whenever contract voting instructions are disregarded, and recognizes that it will be responsible for assisting the Board in carrying out its responsibilities under such application. Insurance Company agrees to carry out such responsibilities with a view to the interests of existing Contractholders.

Appears in 4 contracts

Samples: Fund Participation Agreement (Allianz Life of Ny Variable Account C), Fund Participation Agreement (Allianz Life Variable Account B), Fund Participation Agreement (Allianz Life Variable Account B)

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EXEMPTIVE RELIEF. 6.1 Insurance Company has reviewed a copy of the order dated February 525, 1998 1988 of the Securities and Exchange Commission under Section 6(c) of the Act (Rel. No. IC-16287; 812-6937) with respect to the Fund each Participating Fund, and, in particular, has reviewed the conditions to the relief set forth in the related Noticenotice of application published by the Commission. As set forth therein, if the Fund is a Participating Fund, Insurance Company agrees, as applicable, agrees to report any potential or existing conflicts promptly to the relevant Participating Fund's Board Board, and, in particular, whenever contract Contract voting instructions are disregarded, and recognizes that it will be responsible for assisting the Board in carrying out its responsibilities under such application. Insurance Company agrees to carry out such responsibilities with a view to the interests of existing Contractholdersvariable life and annuity contract owners and participants.

Appears in 1 contract

Samples: Fund Participation Agreement (Corporate Sponsored Vul Separate Account I)

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