Common use of Establishment of Accounts; Availability of Funds Clause in Contracts

Establishment of Accounts; Availability of Funds. The Company represents that it has established under Delaware law the Accounts identified in Schedule A hereto. Each of the Accounts is, as of the date of this Agreement, registered as a unit investment trust in accordance with the provisions of the Investment Company Act of 1940, as amended, to serve as a segregated asset account for the Contracts. The Contracts provide for the allocation of net amounts received by the Company to each Account for investment in shares of the appropriate Liberty Fund as selected among those investments available through the Contracts to act as underlying investment media.

Appears in 1 contract

Samples: Fund Participation Agreement (Variable Account I of Aig Life Ins Co)

AutoNDA by SimpleDocs

Establishment of Accounts; Availability of Funds. The Company represents that it has established under Delaware law the Accounts identified in Schedule A hereto. Each of the Accounts is, as of the date of this Agreement, registered as a unit investment trust in accordance with the provisions of the Investment Company Act of 1940, as amended, to serve as a segregated asset account for the Contracts. The Contracts provide for the allocation of net amounts received by the Company to each Account for investment in shares of the appropriate Liberty Alliance Fund as selected among those investments available through the Contracts to act as underlying investment media.

Appears in 1 contract

Samples: Fund Participation Agreement (Variable Account I of Aig Life Ins Co)

Establishment of Accounts; Availability of Funds. The Company represents that it has established under Delaware law the Accounts identified in Schedule A hereto. Each of the Accounts is, as of the date of this Agreement, registered as a unit investment trust in accordance with the provisions of the Investment Company Act of 1940, as amended, to serve as a segregated asset account for the Contracts. The Contracts provide for the allocation of net amounts received by the Company to each Account for investment in shares of the appropriate Liberty Fund as selected among those investments available through the Contracts to act as underlying investment media.

Appears in 1 contract

Samples: Fund Participation Agreement (Variable Account I of Aig Life Ins Co)

AutoNDA by SimpleDocs

Establishment of Accounts; Availability of Funds. The Company represents that it has established under Delaware law the Accounts identified in Schedule A hereto. Each of the Accounts is, as of the date of this Agreement, registered as a unit investment trust in accordance with the provisions of the Investment Company Act of 1940, as amended, to serve as a segregated asset account for the Contracts. The Contracts provide for the allocation of net amounts received by the Company to each Account for investment in shares of the appropriate Liberty Fund Funds as selected among those investments available through the Contracts to act as underlying investment media.

Appears in 1 contract

Samples: Business Agreement (Variable Account I of Aig Life Ins Co)

Time is Money Join Law Insider Premium to draft better contracts faster.