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 Fund pursuant to 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 of that Fund 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 an Account owns no Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date, except that G-WL&A may, by written notice shorten said six (6) month period in the case of a termination pursuant to Sections 6.1(d), 6.1(f), 6.1(g), 6.1(h) or 6.1(i).

Appears in 5 contracts

Samples: Participation Agreement (Variable Annuity 1 Series Account), Participation Agreement (Variable Annuity 1 Series Account), Participation Agreement (Aim Variable Insurance Funds)

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Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to Sections 6.1(b6.1 (b), 6.1(c6.1 (c), 6.1(d6.1 (d), 6.1(f6.1 (f), 6.1(g), 6.1(h) or 6.1(i6.1 (g) hereof, this Agreement shall nevertheless continue in effect as to any Shares shares of that Fund 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 an the Separate Account owns no Shares shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date, except that G-WL&A AGL may, by written notice to the other Parties, shorten said six (6) month period in the case of a termination pursuant to Sections 6.1(d6.1 (d), 6.1(f), 6.1(g), 6.1(h6.1 (f) or 6.1(i6.1 (g).

Appears in 4 contracts

Samples: Participation Agreement (Sierra Variable Trust), Participation Agreement (Agl Separate Account D), Participation Agreement (Sierra Variable Trust)

Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to Sections 6.1(b), 6.1(c), 6.1(d), 6.1(f), or 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 Fund 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 an the Separate Account owns no Shares shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date, except that G-WL&A ANLIC may, by written notice to the other Parties, shorten said six (6) month period in the case of a termination pursuant to Sections 6.1(d), 6.1(f), ) or 6.1(g), 6.1(h) or 6.1(i).

Appears in 1 contract

Samples: Participation Agreement (Variable Separate Account of Anchor National Life Insur Co)

Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to 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 of that Fund that are outstanding as of the date of such termination (the "Initial Termination Date"). This continuation shall extend to the earlier of the ofthe date as of which an Account owns no Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date, except that GFG-WL&A may, by written notice shorten said six (6) month period in the case of a termination pursuant to Sections 6.1(d), 6.1(f), 6.1(g), 6.1(h) or 6.1(i).

Appears in 1 contract

Samples: Participation Agreement (COLI VUL-2 Series Account of First Great-West Life & Annuity Insurance CO)

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Continuance of Agreement for Certain Purposes. If any Party terminates this Agreement with respect to any Fund pursuant to 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 of that Fund 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 an Account owns no Shares of the affected Fund or a date (the "Final Termination Date") six (6) months following the Initial Termination Date, except that G-WL&A may, by written notice shorten said six (6) month period in the case of a termination pursuant to Sections 6.1(d), 6.1(f), 6.1(g), 6.1(h) or 6.1(i).

Appears in 1 contract

Samples: Participation Agreement (Coli Vul 2 Series Account)

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