Administration of Separate Accounts Sample Clauses

Administration of Separate Accounts. 5.1 Administrative services to Owners/participants of the Variable Contracts issued by Life Company shall be the responsibility of Life Company and shall not be the responsibility of Trust or Adviser. Adviser recognizes Life Company as the sole shareholder of fund shares issued under this Agreement. From time to time, Adviser may pay amounts from its past profits to Life Company for providing certain administrative services for Trust or its Portfolios, or for providing Owners with other services that relate to Trust. These services may include, among other things, sub-accounting services, answering inquiries of Owners regarding the Portfolios, transmitting, on behalf of Trust, proxy statements, annual reports, updated prospectus and other communications to Variable Contract Owners regarding Trust and its Portfolios and such other related services as Trust and Life Company may from time to time agree. In consideration of the savings resulting from such arrangement, and to compensate Life Company for its costs, Adviser agrees to pay to Life Company an amount equal to 25 basis points (0.25%) per annum of the average aggregate amount invested by Life Company in the Portfolios under this Agreement. Payment of such amounts by Adviser will not increase the fees paid by Trust, the Portfolios or their shareholders.
Sample 1
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Administration of Separate Accounts. 5.1 Administrative services to Owners/participants of the Variable Contracts issued by Life Company shall be the responsibility of Life Company and shall not be the responsibility of Trust or Adviser. Adviser recognizes Life Company as the sole shareholder of fund shares issued under this Agreement. From time to time, Adviser may pay amounts from its past profits to Life Company for providing certain administrative services for Trust or its Portfolios, or for providing
Sample 1
Administration of Separate Accounts. (a) Administrative services to owners of variable life insurance policies and/or variable annuity contracts issued by the Company (collectively, "Contracts") shall be the responsibility of the Company and shall not be the responsibility of KAM. KAM recognizes the Company is the sole shareholder of Fund Shares issued under the Participation Agreement. From time to time, the Fund, pursuant to a Contract Owner Administrative Services Agreement ("Letter Agreement") may pay amounts to the Company for providing certain administrative services for the Fund or its Portfolios, or for providing owners of Contracts with other services that relate to the Fund and are not otherwise the Company's responsibility. These services are set forth in the Letter Agreement between the Fund and the Company dated June 1, 1999, which Letter Agreement is incorporated by reference herein.
Sample 1
Administration of Separate Accounts. (a) Administrative services to owners of variable life insurance policies and/or variable annuity contracts issued by the Company shall be the responsibility of the Company and shall not be the responsibility of SKI. SKI recognizes the Company as the sole shareholder of Fund Shares issued under the Participation Agreement, dated as of the _____ day of _______, 1998, by and between the Company on behalf of its separate accounts and the Fund (the "Participation Agreement"). From time to time, SKI may pay amounts from its past profits to the Company for providing certain administrative services for the Fund or its Portfolios, or for providing owners of variable life insurance policies and/or variable annuity contracts with other services that relate to the Fund. These services may include, among other things, aggregating allocation, transfer, and liquidation orders of the Accounts, printing and mailing to owners of variable life insurance policies and/or variable annuity contracts copies of the Portfolios'
Sample 1
Administration of Separate Accounts. (a) Administrative services to owners of variable life insurance policies and/or variable annuity contracts issued by the Company shall be the responsibility of the Company and shall not be the responsibility of Scudxxx Xxxxxx. Xxudxxx Xxxxxx xxxognizes the Company as the sole shareholder of Fund Shares issued under the Participation Agreement, dated as of the ___ day of March, 2000, by and between the Company on behalf of its separate accounts and the Fund (the "Participation Agreement"). From time to time, Scudxxx Xxxxxx xxx pay amounts from its past profits to the Company for providing certain administrative services for the Fund or its Portfolios, or for providing owners of variable life insurance policies and/or variable annuity contracts with other services that relate to the Fund. These services may include, but are not limited to, the services listed in Schedule B. In consideration of the savings resulting from such arrangement, and to compensate the Company for its costs, Scudxxx Xxxxxx xxxees to pay the Company an amount equal to 15 basis points (.15%) per annum of the average aggregate amount invested by the Company in the Portfolios under the Participation Agreement. Payment of such amounts by Scudxxx Xxxxxx xxxl not increase the fees paid by the Fund, the Portfolios or their shareholders.
Sample 1
Administration of Separate Accounts. (a) Administrative services to owners of variable life insurance policies and/or variable annuity contracts issued by the Company shall be the responsibility of the Company and shall not be the responsibility of Scudxxx Xxxxxx. Xxudxxx Xxxxxx xxxognizes the Company as the sole shareholder of Fund Shares issued under the Participation Agreement, dated as of the ___ day of ______, 1999, by and between the Company on behalf of its separate accounts and the Fund (the "Participation Agreement"). From time to time, Scudxxx Xxxxxx xxx pay amounts from its past profits to the Company for providing certain administrative services for the Fund or its Portfolios, or for providing owners of variable life insurance policies and/or variable annuity contracts with other services that relate to the Fund. These services may include, among other things, aggregating allocation, transfer, and liquidation orders of the Accounts, printing and mailing to owners of variable life insurance policies and/or variable annuity contracts copies of the Portfolios' prospectuses and other materials that the Fund is required by law or otherwise required to provide to its shareholders, but that the Company is not otherwise required to provide to owners of variable life insurance policies and/or variable annuity contracts, providing financial consultants with advice with respect to inquiries related to the Portfolios (not including information about performance or related to sales), and such other related services as the Fund and the Company may from time to time agree. In consideration of the savings resulting from such arrangement, and to compensate the Company for its costs, Scudxxx Xxxxxx xxxees to pay the Company an amount equal to 15 basis points (.15%) per annum of the average aggregate amount invested by the Company in the Portfolios under the Participation Agreement. Payment of such amounts by Scudxxx Xxxxxx xxxl not increase the fees paid by the Fund, the Portfolios or their shareholders.
Sample 1
Administration of Separate Accounts. (a) Administrative services to owners of variable life insurance policies and/or variable annuity contracts issued by the Company shall be the responsibility of the Company and shall not be the responsibility of SKI. SKI recognizes the Company as the sole shareholder of Fund Shares issued under the Participation Agreement, dated as of the _____ day of _______, 1998, by and between the Company on behalf of its separate accounts and the Fund (the "Participation Agreement"). From time to time, SKI may pay amounts from its past profits to the Company for providing certain administrative services for the Fund or its Portfolios, or for providing owners of variable life insurance policies and/or variable annuity contracts with other services that relate to the Fund. These services may include, among other things, aggregating allocation, transfer, and liquidation orders of the Accounts, printing and mailing to owners of variable life insurance policies and/or variable annuity contracts copies of the Portfolios' prospectuses and other materials that the Fund is required by law or otherwise to provide to its shareholders, but that the Company is not otherwise required to provide to owners of variable life insurance policies and/or variable annuity contracts, providing financial consultants with advice with respect to inquiries related to the Portfolios (not including information about performance or related to sales), and such other related services as the Fund and the Company may from time to time agree. In consideration of the savings resulting from such arrangement, and to compensate the Company for its costs, SKI agrees to pay the Company an amount equal to ____ basis points (___%) per annum of the average aggregate amount invested by the Company in the Portfolios under the Participation Agreement. Payment of such amounts by SKI will not increase the fees paid by the Fund, the Portfolios or their shareholders.
Sample 1
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Administration of Separate Accounts. (a) Administrative services to owners of variable life insurance policies and/or variable annuity contracts issued by the Company shall be the responsibility of the Company and shall not be the responsibility of SKI. SKI recognizes the Company as the sole shareholder of Fund Shares issued under the Participation Agreement, dated as of the 26th day of June, 1998, by and between the Company on behalf of its separate accounts and the Fund (the "Participation Agreement"). From time to time, SKI may pay amounts from its past profits to the Company for providing certain administrative services for the Fund or its Portfolios, or for providing owners of variable life insurance policies and/or variable annuity contracts with other services that relate to the Fund. These services may include, among other things, aggregating allocation, transfer, and liquidation orders of the Accounts, printing and
Sample 1

Related to Administration of Separate Accounts

  • Administration of Accounts Bank shall perform, at its expense and in compliance with Applicable Law, all functions necessary to administer and service the Accounts, including but not limited to: making all necessary credit investigations; notifying Applicants in writing of acceptance or rejection of credit under the Plan; preparing and mailing billing statements; making collections; handling Cardholder inquiries; and processing payments. The Bank is solely responsible for determining the requirements, the method, and the content of any notices to Cardholders required by Applicable Law.

  • 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.

  • 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.

  • Administration of Deposit Accounts Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

  • Administration of the Collection Account Funds on deposit in the Collection Account that are not both deposited and to be withdrawn on the same date shall be invested in Permitted Investments. Any such investment shall mature and such funds shall be available for withdrawal on or prior to the Series Transfer Date related to the Monthly Period in which such funds were received or deposited, or if so specified in the related Series Supplement, immediately preceding a Payment Date. Wilmington Trust, National Association is hereby appointed as the initial securities intermediary hereunder (the “Securities Intermediary”) and accepts such appointment. The Securities Intermediary represents, warrants, and covenants, and the parties hereto agree, that at all times prior to the termination of this Indenture: (i) the Securities Intermediary shall be a bank that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity hereunder; (ii) the Collection Account shall be an account maintained with the Securities Intermediary to which financial assets may be credited and the Securities Intermediary shall treat the Trustee as entitled to exercise the rights that comprise such financial assets; (iii) each item of property credited to the Collection Account shall be treated as a financial asset; (iv) the Securities Intermediary shall comply with entitlement orders originated by the Trustee without further consent by the Issuer or any other Person; (v) the Securities Intermediary waives any Lien on any property credited to the Collection Account, and (vi) the Securities Intermediary agrees that its jurisdiction for purposes of Section 8-110 and Section 9-305(a)(3) of the UCC shall be New York. The Securities Intermediary shall maintain for the benefit of the Secured Parties, possession or control of each other Permitted Investment (including any negotiable instruments, if any, evidencing such Permitted Investments) not credited to or deposited in a Trust Account (other than such as are described in clause (b) of the definition thereof); provided that no Permitted Investment shall be disposed of prior to its maturity date if such disposition would result in a loss. Nothing herein shall impose upon the Securities Intermediary any duties or obligations other than those expressly set forth herein and those applicable to a securities intermediary under the UCC. The Securities Intermediary shall be entitled to all of the protections available to a securities intermediary under the UCC. At the end of each month, all interest and earnings (net of losses and investment expenses) on funds on deposit in the Collection Account shall be treated as Investment Earnings. If at the end of a month losses and investment expenses on funds on deposit in the Collection Account exceed interest and earnings on such funds during such month, losses and expenses to the extent of such excess will be allocated, with respect to any Series, among the Noteholders of such Series and the Issuer as provided in the related Series Supplement. Subject to the restrictions set forth above, the Issuer, or a Person designated in writing by the Issuer, of which the Trustee shall have received written notification thereof, shall have the authority to instruct the Trustee with respect to the investment of funds on deposit in the Collection Account.

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Establishment of Segregated Account Upon receipt of Proper Instructions, the Custodian shall establish and maintain on its books a segregated account or accounts for and on behalf of a Portfolio, into which account or accounts may be transferred cash and/or securities or other assets of such Portfolio, including securities maintained by the Custodian in a Securities System pursuant to Section 2.22(a) hereof or an Eligible Securities Depository pursuant to Section 2.22(b) hereof, said account or accounts to be maintained: (a) for the purposes set forth in Sections 2.09, 2.10 and 2.11 hereof; (b) for the purposes of compliance by the Portfolio with the procedures required by Investment Company Act Release No. 10666, or any subsequent release or releases of the SEC or SEC rules or regulations relating to the maintenance of segregated accounts by registered investment companies; or (c) for such other purposes as set forth, from time to time, in Special Instructions.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • 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.

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

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