Tax Laws. (a) The Trust represents that it shall make every effort to qualify and to maintain qualification of each Fund as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and the Trust or the Underwriter shall notify the Company 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.
Appears in 6 contracts
Samples: Underwriting and Administrative Services Agreement (Usaa Life Investment Trust), Service Agreement (Usaa Life Investment Trust), Underwriting And (Separate Account of Usaa Life Insurance Co)
Tax Laws. (a) The Trust represents that it shall will make every effort to qualify and to maintain qualification of each Fund as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and the Trust or the Underwriter shall Distributor will notify the Company AGL 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.
Appears in 4 contracts
Samples: Participation Agreement (Sierra Variable Trust), Participation Agreement (American General Life Insurance Co Separate Account D), Participation Agreement (Agl Separate Account D)
Tax Laws. (a) The Trust represents that each Fund currently qualifies and that it shall will make every effort to qualify and to maintain qualification of each Fund as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and the Trust or the Underwriter shall Distributor will notify the Company FSLIC 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.
Appears in 1 contract
Samples: Participation Agreement (Fs Variable Separate Account)
Tax Laws. (a) The Trust represents that it shall will make every effort to qualify and to maintain qualification of each Fund as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), and the Trust or the Underwriter shall Distributor will notify the Company ANLIC 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.
Appears in 1 contract
Samples: Participation Agreement (Variable Separate Account of Anchor National Life Insur Co)
