Common use of Potential Conflicts Clause in Contracts

Potential Conflicts. 7.1. The Company agrees to report to the Board of Directors of the Fund (the "Board") any potential or existing conflicts between the interests of Product Owners of all separate accounts investing in the Fund, and to assist the Board in carrying out its responsibilities under Section 6e-3(T) of the 1940 Act, by providing all information reasonably necessary for the Board to consider any issues raised, including information as to a decision to disregard voting instructions of variable contract owners.

Appears in 107 contracts

Samples: Fund Participation Agreement (Lincoln National Global Asset Allocation Fund Inc), Fund Participation Agreement (Llany Separate Account R for Flexible Prem Vari Life Insur), Fund Participation Agreement (Lincoln Life & Annuity Flexible Prem Vari Life Acct M)

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