Common use of Continuance of Agreement for Certain Purposes Clause in Contracts

Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Series pursuant to Section 6.1 hereof, this Agreement shall nevertheless continue in effect as to any shares of that Series that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which the Separate Account owns no shares of the affected Series or a date (the "Final Termination Date") six months following the Initial Termination Date, except that (i) AGL may, by written notice to the other Parties, shorten said six month period in the case of a termination pursuant to Sections 6.1(d), 6.1(e) 6.1(g) 6.1(k) or 6.1(m) and (ii) the Fund may, by written notice to the other Parties, shorten said 6 month period in the case of a termination pursuant to Sections 6.1(b), 6.1(c), 6.1(f), 6.1(h), 6.1(i), 6.1(j) 6.1(l) or 6.1(m).

Appears in 1 contract

Samples: Participation Agreement (American General Life Insurance Co Separate Account Vl R)

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Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Series pursuant to Section 6.1 hereof, this Agreement shall nevertheless continue in effect as to any shares of that Series that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which the Separate Account owns no shares of the affected Series or a date (the "Final Termination Date") six months following the Initial Termination Date, except that (i) AGL may, by written notice to the other Parties, shorten said six month period in the case of a termination pursuant to Sections 6.1(d), 6.1(e) 6.1(g) 6.1(k) or 6.1(m) and ); (ii) the Fund may, by written notice to the other Parties, shorten said 6 month period in the case of a termination pursuant to Sections 6.1(b), 6.1(c), 6.1(f), 6.1(h), 6.1(i), 6.1(j) 6.1(l) or 6.1(m).6.1

Appears in 1 contract

Samples: Participation Agreement (Agl Separate Account Vl R)

Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Series Fund pursuant to Section 6.1 Sections 6. 1 (b), 6. 1 (c), 6. 1 (d), 6. 1 (f), 6. 1 (g), 6. 1 (h) or 6. 1 (i) hereof, this Agreement shall nevertheless continue in effect as to any shares Shares of that Series Fund that are outstanding as of the date of such termination (the PA-IINC.AGR 061198 (6) RR "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which the Separate an Account owns no shares Shares of the affected Series Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date, except that (i) AGL LIFE COMPANY may, by written notice to the other Parties, shorten said six (6) month period in the case of a termination pursuant 6. 1 (h) or 6. 1 (0. to Sections 6.1(d6. 1 (d), 6.1(e) 6.1(g) 6.1(k) or 6.1(m) and 6. 1 (ii) the Fund may, by written notice to the other Parties, shorten said 6 month period in the case of a termination pursuant to Sections 6.1(bf), 6.1(c6. 1 (g), 6.1(f), 6.1(h), 6.1(i), 6.1(j) 6.1(l) or 6.1(m).,

Appears in 1 contract

Samples: Participation Agreement (Lincoln Life Variable Annuity Account N)

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Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Series pursuant to Section 6.1 hereof, this Agreement shall nevertheless continue in effect as to any shares of that Series that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the date as of which the Separate Account owns no shares of the affected Series or a date (the "Final Termination Date") six months following the Initial Termination Date, except that (i) AGL USL may, by written notice to the other Parties, shorten said six month period in the case of a termination pursuant to Sections 6.1(d), 6.1(e) 6.1(g) 6.1(k) or 6.1(m) and (ii) the Fund may, by written notice to the other Parties, shorten said 6 month period in the case of a termination pursuant to Sections 6.1(b), 6.1(c), 6.1(f), 6.1(h), 6.1(i), 6.1(j) 6.1(l) or 6.1(m).

Appears in 1 contract

Samples: Participation Agreement (Usl Separate Account Usl Vl-R)

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