Disruptive Trading Sample Clauses
Disruptive Trading. (a) The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Series of Trust Shares in quantities great enough to: (i) disrupt orderly management of the corresponding Fund's investment portfolio, or (ii) dilute the value of the outstanding Trust Shares of that Series ("Disruptive Trading Policies"). From time to time, the Trust and the Distributor implement procedures reasonably designed to enforce the Trust's Disruptive Trading Policies and shall provide a written description of such procedures (and revisions thereto) to the Company. As a procedure in furtherance of its Disruptive Trading Policies, the Trust may assess fees, to be paid by one or more Accounts or by the Company, upon redemption of one or more Series or Classes of Trust Shares within certain stated time periods after such shares have been purchased.
(b) The Company agrees to develop, adopt and maintain policies regarding transactions in Account units reasonably designed to complement the Trust's Disruptive Trading Policies and, from time to time, to implement procedures regarding transactions in Account units reasonably designed to effectuate the Trust's procedures for preventing disruptive trading in Trust Shares. In particular, in the event that the Trust or the Distributor identifies a particular Contract Owner as having engaged in transactions in Account units that directly or indirectly violate the Trust's Disruptive Trading Policies, the Company agrees, at the written request of the Trust or the Distributor, to restrict or prohibit further transactions in Account units by that Contract Owner which could result in additional purchases and redemptions of a specified Series and/or Class of Trust Shares in violation of the Trust's Disruptive Trading Policies.
(c) In furtherance of Section 2.9(b), the Trust and the Distributor may, from time to time, investigate purchases and redemptions of any Series or Class of Trust Shares by the Company on behalf of the Accounts that appears to violate, or has the potential to violate, the Trust's Disruptive Trading Policies. When requested by the Trust or the Distributor in writing, the Company agrees to provide the following with respect to purchases and redemptions of a specific Series and/or Class of Trust Shares over a designated period: - the identity of the Contract Owner or Contract Owners whose transactions in Account units underlies the Trust share purchases and redemptions being investigated, - the amounts...
Disruptive Trading. The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Series of Trust shares in quantities great enough to disrupt orderly management of the corresponding Fund's investment portfolio. These policies are disclosed in the Trust's prospectus. From time to time, the Trust and the Distributor implement procedures reasonably designed to enforce the Trust's disruptive trading policies and shall provide a written description of such procedures (and revisions thereto) to the Company. Such procedures may include the imposition of redemption fees as identified in Article 7.5 of this Agreement. The Company agrees to develop, adopt and maintain policies regarding transactions in Account units reasonably designed to complement the Trust's disruptive trading policies, and to implement Account transaction procedures reasonably designed, from time to time, to effectuate the Trust's procedures for preventing disruptive trading in Trust shares.
Disruptive Trading. The Fund has adopted policies designed to prevent frequent purchases and redemptions of any series of Fund shares in quantities great enough to disrupt orderly management of the corresponding Fund’s investment portfolio. These policies are disclosed in the Fund’s prospectus. From time to time, the Fund and the Distributor implement procedures reasonably designed to enforce the Fund’s disruptive trading policies and shall provide a written description of such procedures (and revisions thereto) to the Company. Such procedures may include the imposition of redemption fees as identified in Section 5.5 of this Agreement. The Company agrees to develop, adopt and maintain policies regarding transactions in Account units reasonably designed to complement the Fund’s disruptive trading policies, and to implement Account transaction procedures reasonably designed, from time to time, to effectuate the Fund’s procedures for preventing disruptive trading in Fund shares.
(a) The parties hereto acknowledge that the arrangement contemplated by this Agreement is not exclusive; the Fund’s shares may be sold to other insurance companies and the cash value of the Contracts may be invested in other investment companies.
(b) The Company shall not, without prior written notice to the Distributor (unless otherwise required by applicable law), take any action to operate the Account as a management investment company under the 1940 Act.
(c) The Company shall not, without prior notice to the Distributor (unless otherwise required by applicable law), induce Contract owners to change or modify the Fund or change the Fund’s investment adviser.
(d) The Company shall not, without prior notice to the Fund, induce Contract owners to vote on any matter submitted for consideration by the shareholders of the Fund in a manner other than as recommended by the Board.
(e) The Company shall not substitute share of another investment company for share of one or more Funds without providing written notice to the Distributor at least 90 days in advance of effecting any such substitution.
Disruptive Trading. (a) The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Series of Trust shares in quantities great enough to: (i) disrupt orderly management of the corresponding Portfolio’s investment portfolio, or (ii) dilute the value of the outstanding Trust shares of that Series (“Disruptive Trading Policies”). These policies are disclosed in the Trust’s Prospectus. From time to time, the Trust, R▇▇▇▇▇ Advisors, and the Distributor implement procedures reasonably designed to enforce the Trust’s Disruptive Trading Policies and shall provide a written description of such procedures (and revisions thereto) to the Company. As a procedure in furtherance of its Disruptive Trading Policies, the Trust may assess fees, to be paid by one or more Accounts or by the Company, upon redemption of one or more Series or Classes of Trust shares within certain stated time periods after such shares have been purchased.
(b) The Trust and the Company have entered into a Shareholder Information Agreement pursuant to Rule 22c-2(a)(2) of the Investment Company Act of 1940 that supplements this agreement and is attached as Appendix 1 hereto.
Disruptive Trading. (a) The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Trust shares in quantities great enough to: (i) disrupt orderly management of the corresponding Portfolio, or (ii) dilute the value of the outstanding Trust shares of that series (“Disruptive Trading Policies”). These policies are disclosed in the Trust’s prospectus. From time to time, the Distributor implements procedures reasonably designed to enforce the Trust’s Disruptive Trading Policies and shall provide a written description of such procedures (and revisions thereto) to the Company. As a procedure in furtherance of its Disruptive Trading Policies, the Distributor may assess fees, to be paid by Contract owners, upon redemption of one or more series or classes of Trust shares within certain stated time periods after such shares have been purchased. However, the Trust on behalf of a Designated Portfolio, agrees to give Company at least 90 days advance written notice of the implementation of a redemption fee applicable to variable annuity separate accounts.
(b) The Company agrees to use reasonable efforts to develop, adopt and maintain policies regarding transactions in Account units reasonably designed to complement the Adviser’s Disruptive Trading Policies and, from time to time, to implement procedures regarding transactions in Account units reasonably designed to effectuate the Trust’s procedures for preventing disruptive trading in Trust shares. In particular, in the event that the Trust or the Distributor has identified a particular Contract owner as having engaged in transactions in Account units that directly or indirectly violate the Trust’s Disruptive Trading Policies, the Company agrees, at the written request of the Trust or the Distributor, to restrict or prohibit further transactions in Account units by that Contract owner which could result in additional purchases and redemptions of a specified series and/or class of Trust in violation of the Trust’s Disruptive Trading Policies.
Disruptive Trading. The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Designated Portfolio shares in quantities great enough to disrupt orderly management of the Designated Portfolio’s investment portfolio. These policies are disclosed in the Funds’ prospectus. From time to time, the Trust and the Distributor implement procedures reasonably designed to enforce the Trust’s disruptive trading policies and shall provide a written description of such procedures (and revisions thereto) to the Insurance Parties. Such procedures may include the imposition of redemption fees. GWL&A and First GWL&A agree to develop, adopt and maintain policies regarding transactions in the Accounts reasonably designed to complement the Trust’s disruptive trading policies, and to implement procedures reasonably designed, from time to time, to effectuate the Trust’s procedures for preventing disruptive trading in Designated Portfolio shares.
Disruptive Trading. GWFS Equities Inc. and the Trust have entered into a SEC Rule 22c-2 Agreement dated April 10, 2007 which is incorporated by reference herein.
Disruptive Trading. Executing transactions with the intent to unfairly affect the market, interfere with Sky Links Capital’s pricing, or compromise the integrity of the Underlying Market.
Disruptive Trading. Without limiting the other provisions of this Article I, among other things, the Board has determined that there is a significant risk that the Trust and its shareholders may be adversely affected by investors with inappropriate short term trading activity and/or whose purchase and redemption activity follows a market timing pattern, and the Company understands that the Trust may adopt procedures and take other actions (including, without limitation, rejecting specific purchase orders in whole or in part) as it deems necessary to reduce, discourage, restrict or eliminate such trading and/or market timing activity (“Disruptive Trading Policies”). The Company agrees that its purchases and redemptions of Shares are subject to, and that it will reasonably assist the Trust in implementing, the Trust’s Disruptive Trading Policies and restrictions on inappropriate short term trading activity and/or purchase and redemption activity that is market timing consistent with the terms and principles of the Shareholder Information Agreement. The parties have entered into or shall enter into a Shareholder Information Agreement as required by Rule 22c-2 under the 1940 Act in connection with the Contracts. This Agreement shall control with regard to the terms of the business relationship described in this Agreement. To the extent that the terms of the Shareholder Information Agreement conflict with the terms of this Agreement, the terms of the Shareholder Information Agreement shall control to the extent required by Rule 22c-2.
Disruptive Trading. The Trust has adopted policies designed to prevent frequent purchases and redemptions of any Series of Trust shares in quantities great enough to disrupt orderly management of the corresponding Fund’s investment portfolio. These policies are disclosed in the Trust’s prospectus. From time to time, the Trust and the Distributor implement procedures reasonably designed to enforce the Trust’s disruptive trading policies and shall provide a written description of such procedures (and revisions thereto) to the Company. The Company agrees to develop, adopt and maintain policies regarding transactions in Account units reasonably designed to complement the Trust’s disruptive trading policies, and to implement Account transaction procedures reasonably designed, from time to time, to effectuate the Trust’s procedures for preventing disruptive trading in Trust shares.