Common use of Best Efforts and Good Faith Clause in Contracts

Best Efforts and Good Faith. Both Parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good faith and best efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties.

Appears in 26 contracts

Samples: Trading Agreement (Variable Account a American Intl Life Assur Co of New York), Trading Agreement (Usl Separate Account Usl Vl-R), Variable Account Ii Aig Life Insurance Co

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Best Efforts and Good Faith. Both Parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good faith and best efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties.

Appears in 16 contracts

Samples: Shareholder Information Agreement (Usl Separate Account Usl Vl-R), Shareholder Information Agreement (Usl Separate Account Usl Vl-R), Shareholder Information Agreement (Variable Account B American Intl Life Assur Co of New York)

Best Efforts and Good Faith. Both Parties parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good In this context, good faith and best efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties.

Appears in 6 contracts

Samples: Usl Separate Account Usl Vl-R, Variable Account a American Intl Life Assur Co of New York, Agl Separate Account Vl-R

Best Efforts and Good Faith. Both Parties parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good faith and best efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreementAgreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties.

Appears in 4 contracts

Samples: Shareholder Information Agreement (Usl Separate Account Usl Vl-R), Shareholder Information Agreement (Variable Account Ii Aig Life Insurance Co), Shareholder Information Agreement (Variable Account B American Intl Life Assur Co of New York)

Best Efforts and Good Faith. Both Parties parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good faith and best efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties.

Appears in 1 contract

Samples: Supplemental Agreement (Variable Account I of AGL of Delaware)

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Best Efforts and Good Faith. Both Parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good faith and best hest efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties.

Appears in 1 contract

Samples: Trading Agreement (Variable Account I of AGL of Delaware)

Best Efforts and Good Faith. Both Parties mutually agree to act in good faith, utilizing their best efforts to timely and effectively execute the shareholder information sharing provisions of Rule 22c-2. Good faith and best efforts means attempting to process all relevant requests in a timely manner, or in the event such requests cannot be met within the time provisions of this agreement, to make best efforts to fulfill such requests as soon as reasonably practicable. Also, if Intermediary is aware of a possible delay in the fulfillment of a request, Intermediary will provide notice of the impending delay as soon as possible after the impending delay is discovered. In all other respects, this Agreement is controlled by the Participation Agreement between the Parties...

Appears in 1 contract

Samples: Variable Account B American Intl Life Assur Co of New York

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