Common use of Commodity Pool Operator Clause in Contracts

Commodity Pool Operator. AVIF(IVIF) and Fund Manager each agree to promptly notify TALIC when any underlying fund becomes a commodity pool as defined under the Commodities Exchange Act (“CEA”), and Fund Manager is required to register with the Commodity Futures Trading Commission (“CFTC”) as a Commodity Pool Operator with respect to any underlying fund. AVIF(IVIF) and Fund Manager each represent and warrant that it will at all times comply with the CEA and CFTC rules and regulations to the extent required. 3. A new section, numbered consecutively, is added to the Agreement as follows:

Appears in 3 contracts

Samples: Participation Agreement (Aim Variable Insurance Funds (Invesco Variable Insurance Funds)), Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A), Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)

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Commodity Pool Operator. AVIF(IVIF) and Fund Manager each agree to promptly notify TALIC TALICNY when any underlying fund becomes a commodity pool as defined under the Commodities Exchange Act (“CEA”), and Fund Manager is required to register with the Commodity Futures Trading Commission (“CFTC”) as a Commodity Pool Operator with respect to any underlying fund. AVIF(IVIF) and Fund Manager each represent and warrant that it will at all times comply with the CEA and CFTC rules and regulations to the extent required. 3. A new section, numbered consecutively, is added to the Agreement as follows:

Appears in 2 contracts

Samples: Participation Agreement (Aim Variable Insurance Funds (Invesco Variable Insurance Funds)), Participation Agreement (Ml of New York Variable Annuity Separate Account A)

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Commodity Pool Operator. AVIF(IVIF) and Fund Manager each agree to promptly notify TALIC when any underlying fund becomes a commodity pool as defined under the Commodities Exchange Act ("CEA"), and Fund Manager is required to register with the Commodity Futures Trading Commission (''CFTC") as a Commodity Pool Operator with respect to any underlying fund. AVIF(IVIF) and Fund Manager each represent and warrant that it will at all times comply with the CEA and CFTC rules and regulations to the extent required. 3. A new section, numbered consecutively, is added to the Agreement as follows:

Appears in 1 contract

Samples: Participation Agreement (Merrill Lynch Life Variable Life Separate Account Ii)

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