Common use of Additional Accounts Clause in Contracts

Additional Accounts. Lincoln Life may from time to time designate (i) one or more additional investment companies or separate accounts to constitute Funds or Separate Accounts, as the case may be, for all purposes of this Agreement, or (ii) one or more newly established sub-accounts of any Separate Account. Such designation shall be: (a) subject to Delaware's consent, which shall not be unreasonably withheld; provided, that such consent shall be considered to be unreasonably withheld if Delaware does not make reasonable efforts to accept such new investment companies, separate accounts and sub-accounts, which efforts shall include, but not be limited to, reasonable consideration of the expansion of Delaware's infrastructure to handle such new investment companies, separate accounts and sub-accounts; and (b) evidenced by a writing executed by Lincoln Life, Delaware and, if applicable, each such investment company, setting forth the name of such investment company, separate account or new sub-account, the applicable rate under the Fee Schedule that shall apply to the Accounting Services for such investment company, separate account or new sub-account, the effective date of the designation thereof as a Fund, Separate Account or new sub-account, and any other matters the parties wish to include. Notwithstanding clause (b) of the preceding sentence, if Delaware's performance of the Accounting Services for such additional Funds, Separate Accounts, or sub- accounts of such Separate Accounts would, in Delaware's reasonable opinion, result in higher costs than the costs Delaware incurs for providing the Accounting Services to the current Accounts, then the affected parties hereto shall negotiate in good faith an addendum to the Fee Schedule for such additional Funds, Separate Accounts and sub-accounts and Delaware shall not be deemed to have unreason ably withheld its consent under clause (b) of this Section 5.1 until such addendum has been agreed to. Except as otherwise specified in such writing, from and after such effective date, Delaware shall provide to such Fund, or to Lincoln Life with respect to a Separate Account or new sub-account, the same Accounting Services as are specified in the Cutover Schedule with respect to the other Funds, Separate Accounts or sub-account of a Separate Account, as the case may be.

Appears in 5 contracts

Samples: Services Agreement (Lincoln National Special Opportunities Fund Inc), Services Agreement (Lincoln National Flexible Premium Life Account J), Services Agreement (Lincoln National Variable Annuity Fund A)

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Additional Accounts. Lincoln Life may from time to time designate (i) one or more additional investment companies or separate accounts to constitute Funds or Separate Accounts, as the case may be, for all purposes of this Agreement, or (ii) one or more newly established sub-accounts of any Separate Account. Such designation shall be: (a) subject to Delaware's consent, which shall not be unreasonably withheld; provided, that such consent shall be considered to be unreasonably withheld if Delaware does not make reasonable efforts to accept such new investment companies, separate accounts and sub-accounts, which efforts shall include, but not be limited to, reasonable consideration of the expansion of Delaware's infrastructure to handle such new investment companies, separate accounts and sub-accounts; and (b) evidenced by a writing executed by Lincoln Life, Delaware and, if applicable, each such investment company, setting forth the name of such investment company, separate account or new sub-account, the applicable rate under the Fee Schedule that shall apply to the Accounting Services for such investment company, separate account or new sub-account, the effective date of the designation thereof as a Fund, Separate Account or new sub-account, and any other matters the parties wish to include. Notwithstanding clause (b) of the preceding sentence, if Delaware's performance of the Accounting Services for such additional Funds, Separate Accounts, or sub- sub-accounts of such Separate Accounts would, in Delaware's reasonable opinion, result in higher costs than the costs Delaware incurs for providing the Accounting Services to the current Accounts, then the affected parties hereto shall negotiate in good faith an addendum to the Fee Schedule for such additional Funds, Separate Accounts and sub-accounts and Delaware shall not be deemed to have unreason ably unreasonably withheld its consent under clause (b) of this Section 5.1 until such addendum has been agreed to. Except as otherwise specified in such writing, from and after such effective date, Delaware shall provide to such Fund, or to Lincoln Life with respect to a Separate Account or new sub-account, the same Accounting Services as are specified in the Cutover Schedule with respect to the other Funds, Separate Accounts or sub-account of a Separate Account, as the case may be.

Appears in 2 contracts

Samples: Services Agreement (Lincoln Life Flexible Premium Variable Life Account M), Services Agreement (Lincoln National Growth & Income Fund Inc)

Additional Accounts. Lincoln Life may from time to time designate (i) one or more additional investment companies or separate accounts to constitute Funds or Separate Accounts, as the case may be, Accounts for all purposes of this Agreement, or (ii) one or more newly established sub-accounts of any Separate Account. Such designation shall be: (a) subject to Delaware's consent, which shall not be unreasonably withheld; provided, that such consent shall be considered to be unreasonably withheld if Delaware does not make reasonable efforts to accept such new investment companies, separate accounts and sub-accounts, which efforts shall include, but not be limited to, reasonable consideration of the expansion of Delaware's infrastructure to handle such new investment companies, separate accounts and sub-accounts; and (b) evidenced by a writing executed by Lincoln Life, Life and Delaware and, if applicable, each such investment company, setting forth the name of such investment company, separate account or new sub-sub- account, the applicable rate under the Fee Schedule that shall apply to the Accounting Services for such investment company, separate account or new sub-account, the effective date of the designation thereof as a Fund, Separate Account or new sub-account, and any other matters the parties wish to include. Notwithstanding clause (b) of the preceding sentence, if Delaware's performance of the Accounting Services for such additional Funds, Separate Accounts, Accounts or sub- sub-accounts of such Separate Accounts would, in Delaware's reasonable opinion, result in higher costs than the costs Delaware incurs for providing the Accounting Services to the current Accounts, then the affected parties hereto shall negotiate in good faith an addendum to the Fee Schedule for such additional Funds, Separate Accounts and sub-accounts and Delaware shall not be deemed to have unreason ably unreasonably withheld its consent under clause (b) of this Section 5.1 until such addendum has been agreed to. Except as otherwise specified in such writing, from and after such effective date, Delaware shall provide to such Fund, or to Lincoln Life with respect to a Separate Account or new sub-account, the same Accounting Services as are specified in the Cutover Accounting Schedule with respect to the other Funds, Separate Separate. Accounts or sub-account of a Separate Account, as the case may be.

Appears in 1 contract

Samples: Services Agreement (Lincoln Life & Annuity Variable Annuity Account H)

Additional Accounts. Lincoln Life may from time to time ------------------- designate (i) one or more additional investment companies or separate accounts to constitute Funds or Separate Accounts, as the case may be, for all purposes of this Agreement, or (ii) one or more newly established sub-accounts of any Separate Account. Such designation shall be: (a) subject to Delaware's consent, which shall not be unreasonably withheld; provided, that such consent shall be considered to be unreasonably withheld if Delaware does not make reasonable efforts to accept such new investment companies, separate accounts and sub-accounts, which efforts shall include, but not be limited to, reasonable consideration of the expansion of Delaware's infrastructure to handle such new investment companies, separate accounts and sub-accounts; and (b) evidenced by a writing executed by Lincoln Life, Delaware and, if applicable, each such investment company, setting forth the name of such investment company, separate account or new sub-account, the applicable rate under the Fee Schedule that shall apply to the Accounting Services for such investment company, separate account or new sub-account, the effective date of the designation thereof as a Fund, Separate Account or new sub-account, and any other matters the parties wish to include. Notwithstanding clause (b) of the preceding sentence, if Delaware's performance of the Accounting Services for such additional Funds, Separate Accounts, or sub- sub-accounts of such Separate Accounts would, in Delaware's reasonable opinion, result in higher costs than the costs Delaware incurs for providing the Accounting Services to the current Accounts, then the affected parties hereto shall negotiate in good faith an addendum to the Fee Schedule for such additional Funds, Separate Accounts and sub-accounts and Delaware shall not be deemed to have unreason ably unreasonably withheld its consent under clause (b) of this Section 5.1 until such addendum has been agreed to. Except as otherwise specified in such writing, from and after such effective date, Delaware shall provide to such Fund, or to Lincoln Life with respect to a Separate Account or new sub-account, the same Accounting Services as are specified in the Cutover Schedule with respect to the other Funds, Separate Accounts or sub-account of a Separate Account, as the case may be.

Appears in 1 contract

Samples: Services Agreement (Lincoln National Flexible Premium Variable Life Account F)

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Additional Accounts. Lincoln Life may from time to time ------------------- designate (i) one or more additional investment companies or separate accounts to constitute Funds or Separate Accounts, as the case may be, Accounts for all purposes of this Agreement, or (ii) one or more newly established sub-accounts of any Separate Account. Such designation shall be: (a) subject to Delaware's consent, which shall not be unreasonably withheld; provided, that such consent shall be considered to be unreasonably withheld if Delaware does not make reasonable efforts to accept such new investment companies, separate accounts and sub-accounts, which efforts shall include, but not be limited to, reasonable consideration of the expansion of Delaware's infrastructure to handle such new investment companies, separate accounts and sub-accounts; and (b) evidenced by a writing executed by Lincoln Life, Life and Delaware and, if applicable, each such investment company, setting forth the name of such investment company, separate account or new sub-sub- account, the applicable rate under the Fee Schedule that shall apply to the Accounting Services for such investment company, separate account or new sub-account, the effective date of the designation thereof as a Fund, Separate Account or new sub-account, and any other matters the parties wish to include. Notwithstanding clause (b) of the preceding sentence, if Delaware's performance of the Accounting Services for such additional Funds, Separate Accounts, Accounts or sub- sub-accounts of such Separate Accounts would, in Delaware's reasonable opinion, result in higher costs than the costs Delaware incurs for providing the Accounting Services to the current Accounts, then the affected parties hereto shall negotiate in good faith an addendum to the Fee Schedule for such additional Funds, Separate Accounts and sub-accounts and Delaware shall not be deemed to have unreason ably unreasonably withheld its consent under clause (b) of this Section 5.1 until such addendum has been agreed to. Except as otherwise specified in such writing, from and after such effective date, Delaware shall provide to such Fund, or to Lincoln Life with respect to a Separate Account or new sub-account, the same Accounting Services as are specified in the Cutover Accounting Schedule with respect to the other Funds, Separate Accounts or sub-account of a Separate Account, as the case may be.

Appears in 1 contract

Samples: Services Agreement (Lincoln Life & Annuity Variable Annuity Account H)

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