Common use of Appointment of Company as Agent Clause in Contracts

Appointment of Company as Agent. Subject to and in accordance with the terms and procedures hereof, the Company is hereby appointed as the agent of the Transfer Agent, and the Company hereby accepts such appointment, for the limited purpose of treating instructions received by the Company from Contract owners as to the allocation of Contract purchase payments, Contract transfers and Contract surrenders (to the extent such instructions would result in the purchase or redemption of Fund shares by the Company) ("Instructions") as receipt by the Transfer Agent of purchase and redemption orders for shares of each Fund. Notwithstanding the Company's appointment hereunder as the agent of the Transfer Agent for the sole purpose of receiving Instructions for the purchase and redemption by the Company and its Accounts of Fund shares, the Company shall not be, nor hold itself out to the public or engage in any activity as, an agent for the Transfer Agent in respect of or in connection with the distribution or marketing of shares of the Funds. It is acknowledged and agreed by the parties that the availability of shares of any Fund shall be subject to such Fund's then current prospectus and Statement of Additional Information, federal and state securities laws and applicable rules and regulations of the Securities and Exchange Commission (the "SEC") and the National Association of Securities Dealers, Inc. (the "NASD").

Appears in 2 contracts

Samples: Business Agreement (Variable Account I of Aig Life Ins Co), Business Agreement (Variable Account a American Intl Life Assur Co of New York)

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Appointment of Company as Agent. Subject to and in accordance with the terms and procedures hereof, the Company is hereby appointed as the agent of the Transfer AgentAGIS,, and the Company hereby accepts such appointment, for the limited purpose of treating instructions received by the Company from Contract owners as to the allocation of Contract purchase payments, Contract transfers and Contract surrenders (to the extent such instructions would result in the purchase or redemption of Alliance Fund shares by the Company) ("Instructions") as receipt by the Transfer Agent AGIS of purchase and redemption orders for shares of each Fundthe Funds. Notwithstanding the Company's appointment hereunder as the agent of the Transfer Agent AGIS for the sole purpose of receiving Instructions for the purchase and redemption by the Company and its Accounts of Fund sharesshares of the Alliance Funds, the Company shall not be, nor hold itself out to the public or engage in any activity as, an agent for AGIS or the Transfer Agent Alliance Funds in respect of or in connection with the distribution or marketing of shares of the Funds. It is acknowledged and agreed by the parties that the availability of shares of any Alliance Fund shall be subject to such Fund's then current prospectus and Statement of Additional Information, federal and state securities laws and applicable rules and regulations of the Securities and Exchange Commission (the "SEC") and the National Association of Securities Dealers, Inc. (the "NASD").

Appears in 2 contracts

Samples: Fund Participation Agreement (Variable Account a American Intl Life Assur Co of New York), Fund Participation Agreement (Variable Account I of Aig Life Ins Co)

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Appointment of Company as Agent. Subject to and in accordance with the terms and procedures hereof, the Company is hereby appointed as the agent of the Transfer AgentVanguard, and the Company hereby accepts such appointment, for the limited purpose of treating instructions received by the Company from Contract owners as to the allocation of Contract purchase payments, Contract transfers and Contract surrenders (to the extent such instructions would result in the purchase or redemption of Fund shares by the Company) ("Instructions") as receipt by the Transfer Agent Vanguard of purchase and redemption orders for shares of each Fundthe Funds. Notwithstanding the Company's appointment hereunder as the agent of the Transfer Agent Vanguard for the sole purpose of receiving Instructions for the purchase and redemption by the Company and its Accounts of Fund sharesshares of the Funds, the Company shall not be, nor hold itself out to the public or engage in any activity as, an agent for the Transfer Agent Vanguard in respect of or in connection with the distribution or marketing of shares of the Funds. It is acknowledged and agreed by the parties that the availability of shares of any Fund shall be subject to such Fund's then current prospectus and Statement of Additional Information, federal and state securities laws and applicable rules and regulations of the Securities and Exchange Commission (the "SEC") and the National Association of Securities Dealers, Inc. (the "NASD").

Appears in 1 contract

Samples: Fund Participation Agreement (Variable Account I of Aig Life Ins Co)

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