Unregistered Separate Accounts Sample Clauses

Unregistered Separate Accounts. Pursuant to Section 12(d)(1)(E) of the 1940 Act, the Company will comply with the following conditions for it to hold shares of any Fund in one or more unregistered separate accounts that is an investment company:
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Unregistered Separate Accounts. Unregistered Separate Account Contracts - Various Dates of Inception Group Annuity Contract forms to which this Agreement applies: Group One - Minnesota Life Contracts: Group Annuity Contract, Form 04-70126 Group Annuity Contract, Form 04-70128 Group Annuity Contract IAC I, Form 87-9173 Group Annuity Contract IAC I, Form 92-9274 Group Annuity Contract AIAC I, Form 90-9246 Group Annuity Contract IAC II, Form 89-9224 Group Annuity Contract AIAC II, Form 90-9247 Group Annuity Contract IAC I, Form 87-9166 Group Annuity Contract, Form MHC-95-9317 Group Annuity Contract, Form MHC-97-9388 Group Two - Contracts previously issued by Minnesota Life prior to the date of this contract: Group Annuity Contract IAC I, Form F. 23412 Group Annuity Contract IAC I, Form F. 24415 Group Annuity Contract AIAC I, Form F .25150 Group Annuity Contract IAC I, Form F. 23411 Group Annuity Contract AIAC I, Form F. 25412 Group Annuity Contract PAC II, Form 89-9225 Group Annuity Contract RGC, Form 89-9084 Group Annuity Contract DA, Form 18084 Group Annuity Contract DA, Form 24595 Group Annuity Contract IPG, Form F. 21811 Group Annuity Contract IPG, Form F. 17283 Group Annuity Contract GAC, Form F. 18088 Group Annuity Contract GAC, Form F. 21713 Group Annuity Contract GAC, Form F. 24386 Group Annuity Contract, Form F. 24596 Group Annuity Contract, Form F. 24597 Group Annuity Contract, Form F. 18088-1 Group Annuity Contract, Form 89-9216 (UofM) Group Three - Fort Dearborn Life Insurance Company Contracts reinsured by Minnesota Life pursuant to Assumption Reinsurance Transaction effective October 1, 1999: Group Annuity Contract, Form 8-39-1091 Group Annuity Contract, Form 0-000-000 Group Annuity Contract, Form 8-39-1188 Group Four - First Allmerica Financial Life Insurance Company Contracts reinsured by Minnesota Life pursuant to Assumption Reinsurance Transaction effective July 1, 2001: Group Annuity Contract, Form GA-AID-1.00-81 Group Annuity Contract, Form GA-PDC-1.00-90 Group Annuity Contract, Form GA-PDC-2.00-96 Group Annuity Contract, Form GA-PDC-3.00-96 Group Annuity Contract, Form GA-PDC-4.00-96 Group Annuity Contract, Form GA-PDC-5.00-96 Group Five - Pan-American Life Insurance Company Contracts reinsured by Minnesota Life pursuant to Assumption Reinsurance Transaction effective November 17, 2003: Group Annuity Contract, Form A-2358 Group Annuity Contract, Form A-1634 Group Annuity Contract, Form A-1635 Group Annuity Contract, DC-79 Form A-885 Group Annuity Contract, DB-79 Form A-...
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Unregistered Separate Accounts. The Reinsurer shall be responsible for insuring that the Unregistered Separate Accounts are funded in compliance with the applicable Contracts and any Applicable Law. Upon expiration or termination of all Contract Liabilities with respect to the Contracts and the discharge in full of all of the Reinsurer's obligations hereunder, FAFLIC shall transfer to the Reinsurer all of its right, title and interest in and to all assets remaining at such time in the Unregistered Separate Accounts.
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Unregistered Separate Accounts. For its unregistered Account(s) which are exempt from registration in reliance upon Sections 3(c)(1) or 3(c)(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), the Company represents and warrants that: (a) Investors Brokerage Services, Inc. is the principal underwriter for each such unregistered Account and any subaccount thereof and is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended; (b) Shares are and will continue to be the only investment securities held by the corresponding Account subaccounts; and (c) with regard to each Portfolio, the Company, on behalf of the corresponding Account subaccount, will: (1) seek instructions from all owners of Variable Insurance Products with regard to the voting of all proxies with respect to Shares and vote such proxies only in accordance with such instructions;and (2) refrain from substituting shares of another security for such Shares unless the SEC has approved such substitution in the manner provided in Section 26 of the 1940 Act.
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Unregistered Separate Accounts. Pursuant to Section 12(d)(1)(E) of the 1940 Act, each Nationwide Insurer will comply with the following conditions for it to hold shares of any Fund in one or more unregistered separate accounts that is relying on either Section 3(c)(1) or 3(c)(7) of the 1940 Act for its exemption from the definition of an “investment company” under the 1940 Act:
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Unregistered Separate Accounts. For its unregistered Account(s) which are exempt from registration in reliance upon Sections 3(c)(1) or 3(c)(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), the Company represents and warrants that:
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Related to Unregistered Separate Accounts

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Separate Account NML Variable Annuity Account B. The Separate Account consists of assets set aside by the Company, the investment performance of which is kept separate from that of the general assets and all other separate account assets of the Company.

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Payment Date Accounting The Issuer shall render (or cause to be rendered) an accounting (each a “Distribution Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall make available such Distribution Report to the Trustee, the Collateral Manager, the Initial Purchaser, the Rating Agency and any Holder shown on the Register, any Shareholder shown on the Share Register and any beneficial owner of a Security who has delivered a Beneficial Ownership Certificate to the Trustee not later than the Business Day preceding the related Payment Date. The Distribution Report shall contain the following information:

  • Book Entry Account The term Book-Entry Account shall mean an account maintained by a Federal Reserve Bank in which Book-Entry Securities are held.

  • SUBACCOUNTS The Separate Account is divided into Subaccounts which invest in shares of mutual funds. Each Subaccount may invest its assets in a separate class or series of a designated mutual fund or funds. The Subaccounts are shown on page 3. Subject to the regulatory requirements then in force, SBL reserves the right to:

  • Separate Account Transactions Investment decisions for the Separate Account shall be made by the Sub-Advisor independently from those for any other investment companies and accounts advised or managed by the Sub-Advisor. The Separate Account and such investment companies and accounts may, however, invest in the same securities. When the Sub-Advisor seeks to purchase or sell the same security at substantially the same time on behalf of the Separate Account and/or another investment company or account, the Sub-Advisor shall, to the extent permitted by law and to the extent reasonably practicable, aggregate such orders or otherwise effect such transaction on an average price basis, and available investments will be allocated as to amount in a manner which the Sub-Advisor believes to be equitable to the Fund and such other investment company or account. In some instances, this investment procedure may adversely affect the price paid or received by the Fund or the size of the position obtained or sold by the Fund. To the extent permitted by law, the Sub-Advisor may aggregate the securities to be sold or purchased for the Separate Account with those to be sold or purchased for other investment companies or accounts in order to obtain best execution on an overall basis for all the Sub-Advisor’s clients. The Sub-Advisor shall place orders for the purchase and sale of portfolio securities for the Separate Account and will solicit broker-dealers to execute transactions in accordance with the Fund’s policies and restrictions regarding brokerage allocations. If applicable, the Sub-Advisor shall place orders pursuant to its investment determinations for the Separate Account either directly with the issuer or with any broker or dealer. If it executes portfolio transactions and selects brokers or dealers, the Sub-Advisor shall use its reasonable best efforts to seek the most favorable execution of orders, after taking into account all factors the Sub-Advisor deems relevant, including the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any, both for the specific transaction and on a continuing basis. Consistent with this obligation, the Sub-Advisor may, to the extent permitted by law, purchase and sell portfolio securities to and from brokers and dealers who provide brokerage and/or research services (within the meaning of Section 28(e) of the Securities Exchange Act of 1934) to or for the benefit of the Separate Account and/or other accounts over which the Sub-Advisor or any of its affiliates exercises investment discretion. The Sub-Advisor is authorized to pay to a broker or dealer who provides such brokerage and/or research services a commission for executing a portfolio transaction for the Separate Account which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Sub-Advisor determines in good faith that such commission was reasonable in relation to the value of the brokerage and/or research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Sub-Advisor’s overall responsibilities to the Fund. In no instance will portfolio securities be purchased from or sold to the Advisor or the Sub-Advisor or any affiliated person of either thereof; except as permitted by Rules and Regulations of the Securities and Exchange Commission.

  • Special Account If the Credit Facility is terminated for any reason while any Letter of Credit is outstanding, the Borrower shall thereupon pay the Lender in immediately available funds for deposit in the Special Account an amount equal to the L/C Amount. The Special Account shall be an interest bearing account maintained for the Lender by any financial institution acceptable to the Lender. Any interest earned on amounts deposited in the Special Account shall be credited to the Special Account. The Lender may apply amounts on deposit in the Special Account at any time or from time to time to the Obligations in the Lender's sole discretion. The Borrower may not withdraw any amounts on deposit in the Special Account as long as the Lender maintains a security interest therein. The Lender agrees to transfer any balance in the Special Account to the Borrower when the Lender is required to release its security interest in the Special Account under applicable law.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

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