Common use of Delivery of Collateral or Fund Deposit Clause in Contracts

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the Company may, in its sole discretion, permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Company from time to time) for the benefit of a Fund in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral to be posted if, in the sole discretion of the Company, the existing collateral is insufficient to protect the Fund from market or other risks relating to the undelivered security. The Fund may at any time use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the Company, including all Cash Amounts, in connection with any Purchase Orders. The Participant understands and agrees that in the event collateral or the Fund Deposit are not fully transferred to the Company by the time specified, a Purchase Order may be cancelled by the Company and the Participant will be solely responsible for any and all expenses and costs incurred by the applicable Fund, the Transfer Agent or the Distributor related to the cancelled Purchase Order.

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the Company Trust may, in its sole discretion, permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Company Trust from time to time) for the benefit of a Fund Series in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral to be posted if, in the sole discretion of the CompanyTrust, the existing collateral is insufficient to protect the Fund Series from market or other risks relating to the undelivered security. The Fund Series may at any time use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the CompanyTrust, including all Cash Amounts, in connection with any Purchase Orders. The Participant understands and agrees that in the event collateral or the Fund Deposit are not fully transferred to the Company Trust by the time specified, a Purchase Order may be cancelled by the Company Trust and the Participant will be solely responsible for any and all expenses and costs incurred by the applicable FundSeries, the Transfer Agent or the Distributor related to the cancelled Purchase Order.

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the Company Sponsor may, in its sole discretion, permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Company Trust from time to time) for the benefit of a Fund Series in anticipation of delivery of all or a portion of the requisite Deposit SecuritiesInstruments, and may require additional collateral to be posted if, in the sole discretion of the CompanySponsor, the existing collateral is insufficient to protect the Fund Series from market or other risks relating to the undelivered security. The Fund Series may at any time use such cash or collateral to purchase Deposit Securities Instruments without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the CompanyTrust, including all Cash Amounts, in connection with any Purchase Orders. The Participant understands and agrees that in the event collateral or the Fund Deposit are not fully transferred to the Company Trust by the time specified, a Purchase Order may be cancelled by the Company Sponsor and the Participant will be solely responsible for any and all expenses and costs incurred by the applicable FundSeries, the Transfer Agent or the Distributor related to the cancelled Purchase Order.

Delivery of Collateral or Fund Deposit. As described in the Prospectus and the AP Handbook from time to time, the Company Trust may, in its sole discretion, permit collateral to be posted to the Custodian (or such other agent as may be agreed in writing by the Participant and the Company Trust from time to time) for the benefit of a Fund Series in anticipation of delivery of all or a portion of the requisite Deposit Securities, and may require additional collateral to be posted if, in the sole discretion of the CompanyTrust, the existing collateral is insufficient to protect the Fund Series from market or other risks relating to the undelivered security. The Fund Series may at any time use such cash or collateral to purchase Deposit Securities without further consultation with the Participant. To the extent permitted by the Prospectus, the Participant shall be responsible for any and all expenses and costs incurred by the CompanyTrust, including all Cash Amounts, in connection with any Purchase Orders. The Participant understands and agrees that in the event collateral or the Fund Deposit are not fully transferred to the Company Trust by the time specified, a Purchase Order may be cancelled by the Company Trust and the Participant will be solely responsible for any and all expenses and costs incurred by the applicable Fund, the Transfer Agent Series or the Distributor related to the cancelled Purchase Order.