Excessive Trading Sample Clauses

Excessive Trading. In accordance with the procedures established from time to time between the Fund and JHSS, JHSS shall: (i) monitor activity in shareholder accounts to ensure compliance with the Funds’ policies relating to excessive trading; and (ii) take such action as required by such procedures with respect to any shareholder deemed to be in violation of such policies prohibiting excessive trading.

Excessive Trading. RPS shall monitor Participant accounts to determine if trading activity is in conformance with the Fund's excessive trading policy as set forth in the Funds then-current prospectus. If the Fund's policy is violated, RPS shall take action to restrict the account in accordance with procedures agreed upon between RPS and the Funds.

Excessive Trading. The investment provider shall use its best efforts and shall reasonably cooperate with the Custodian to generally prevent any market timing and frequent trading activity under the Plan. See the Custodian’s “Excessive Trading” Policy, Appendix VII to Schedule A. Appendix VIII to Schedule A: Voya Financial® “Excessive Trading” Policy‌ The Voya Financial® family of insurance companies (“Voya®”), as providers of multi-fund variable insurance and retirement products, has adopted this Excessive Trading Policy to respond to the demands of the various fund families which make their funds available through our variable insurance and retirement products to restrict excessive fund trading activity and to ensure compliance with Section 22c-2 of the Investment Company Act of 1940, as amended. Voya’s current definition of Excessive Trading and our policy with respect to such trading activity is as follows. 1. Voya actively monitors fund transfer and reallocation activity within its variable insurance and retirement products to identify Excessive Trading. a. More than one purchase and sale of the same fund (including money market funds) within a 60-calendar day period (hereinafter, a purchase and sale of the same fund is referred to as a “round-trip”). This means two or more round-trips involving the same fund within a 60 calendar day period would meet Voya’s definition of Excessive Trading; or b. Six round-trips within a 12 month period. a. Purchases or sales of shares related to non-fund transfers (for example, new purchase payments, withdrawals and loans); b. Transfers associated with scheduled dollar cost averaging, scheduled rebalancing or scheduled asset allocation programs; c. Purchases and sales of fund shares in the amount of $5,000 or less; d. Purchases and sales of funds that affirmatively permit short-term trading in their fund shares, and movement between such funds and a money market fund; and e. Transactions initiated by a member of the Voya family of insurance companies. 2. If Voya determines that an individual has made a purchase of a fund within 60 days of a prior round-trip involving the same fund, Voya will send them a letter warning that another sale of that same fund within 60 days of the beginning of the prior round-trip will be deemed to be Excessive Trading and result in a six month suspension of their ability to initiate fund transfers or reallocations through the Internet, facsimile, Voice Response Unit (VRU), telephone calls to Customer Servic...

Excessive Trading. VALIC has a policy to discourage excessive trading and market timing. The Custodial Account is not designed to accommodate short-term trading or “market timing” organizations or individuals engaged in trading strategies that include programmed transfers, frequent transfers or transfers that are large in relation to the total assets of a Mutual Fund. These trading strategies may be disruptive to the Mutual Funds by diluting the value of the fund shares, negatively affecting investment strategies and increasing portfolio turnover. Excessive trading also raises fund expenses, such as recordkeeping and transaction costs, and xxxxx fund performance.

Excessive Trading. Life Company represents and warrants that it has reasonable policies and procedures in place to monitor and restrict what Life Company determines to be disruptive trading. Life Company further represents and warrants that the prospectuses for the Contracts describes these monitoring procedures and the actions that the Life Company will take if it determines a Contract holder is exhibiting a disruptive trading pattern. Life Company further represents and warrants that such prospectus disclosure will indicate that the underlying funds may reject any single trade without any notice to the Contract holders. -----------------

Excessive Trading. PARTICIPATION AGREEMENT THIS AGREEMENT, made and entered into as of the 1st day of February , 2008 ("Agreement"), by and among Summit Mutual Funds, Inc., a Maryland corporation ("SMFI"), Ameritas Investment Corp., a Nebraska Corporation ("AIC"), Phoenix Life Insurance Company, a New York life insurance company ("LIFE COMPANY"), on behalf of itself and each of its segregated asset accounts listed in Schedule A hereto, as the parties hereto may amend from time to time (each, an "Account," and collectively, the "Accounts"); and Phoenix Equity Planning Corporation, an affiliate of LIFE COMPANY and the principal underwriter of the Contracts ("UNDERWRITER") (collectively, the "Parties").

Excessive Trading. (a) The Parties acknowledge and agree that excessive trading can disrupt management of a Portfolio and raise its expenses. In particular, a Portfolio may have difficulty implementing its long-term investment strategies if it is forced to maintain a higher level of its assets in cash to accommodate significant short-term trading activity resulting from market timing. A Portfolio may bear increased administrative costs due to asset level and investment volatility that accompanies patterns of short-term trading activity. Each Fund has adopted policies to discourage excessive trading of Portfolio Shares. Each Fund defines “excessive trading” in the Portfolio Prospectus. (b) LIFE COMPANY represents and warrants that the Contracts to be funded by investments of the Accounts in one or more of the Portfolios contain provisions permitting LIFE COMPANY to restrict excessive or potentially abusive transfers in at least one of the following ways: • Limitations on the ability to have exchanges effected other than by mail in the event of excessive or abusive transfers; • Limitations on transfers into any investment option within 30 days of having transferred out of it (other than in connection with an automatic transfer program); • Limitations on any transfers among sub-accounts within 30 days of prior transfer (other than in connection with an automatic transfer program); or • Limitations on any transfers on a day when net transfers into or out of a sub-account would have the effect of increasing or reducing the assets of the affected Portfolio by more than 1% without the express permission of the adviser to that Portfolio. LIFE COMPANY also represents and warrants that the Contract prospectuses contain language describing its policies regarding excessive trading. (d) CID will monitor daily trading activities of each Portfolio for excessive trading or potentially abusive exchanges. LIFE COMPANY agrees that it will use reasonable efforts to implement the market timing policies set forth in each Account Prospectus and the Portfolio Prospectus. Notwithstanding the foregoing, each Fund acknowledges and agrees that LIFE COMPANY may not be able to detect every instance of market timing and may not be able to eliminate market timing in the Portfolios, but LIFE COMPANY agrees to notify such Fund of each instance of market timing that it does detect.

Excessive Trading. (a) LIFE COMPANY represents and warrants that the LIFE COMPANY has adopted and implemented policies and procedures regarding excessive trading that permit LIFE COMPANY to restrict excessive or potentially abusive transfers in at least one of the following ways: • Limitations on the ability to have exchanges effected other than by mail in the event of excessive or abusive transfers; • Limitations on transfers into any investment option within 30 days of having transferred out of it (other than in connection with an automatic transfer program); • Limitations on any transfers among sub-accounts within 30 days of prior transfer (other than in connection with an automatic transfer program); or • Limitations on any transfers on a day when net transfers into or out of a sub-account would have the effect of increasing or reducing the assets of the Fund by more than 1% without the express permission of the adviser to that Fund. LIFE COMPANY also represents and warrants that the Contract prospectuses contain language describing its policies regarding excessive trading. (b) SMFI will monitor daily trading activities of each Fund for excessive trading or potentially abusive exchanges, and will notify the LIFE COMPANY if it detects such trading or exchanges from LIFE COMPANY’S Accounts. Upon notification from SMFI, LIFE COMPANY will use its best efforts to exercise its policies and procedures to impose limitations in a way that stops excessive or potentially abusive exchanges by one or a group of Contractholders. LIFE COMPANY agrees that such breach will constitute an event of termination under Section 6.1 (i).

Excessive Trading. ING will monitor participant trading activity and will attempt to discourage excessive trading activity. Provider's efforts may include sending warning letters to participants who are engaging in excessive trading and suspending participants' electronic or phone trading privileges.

Excessive Trading. (a) LIFE COMPANY agrees to provide Summit Mutual Funds, Inc. (“SMFI”) at least twenty-four (24) hours advance notice for any order of an investor or group of investors that exceeds $100,000 with respect to any Fund. (b) LIFE COMPANY represents and warrants that the Contracts to be funded by investments of the Accounts in one or more of the Funds contain provisions permitting LIFE COMPANY to restrict excessive or potentially abusive transfers in at least one of the following ways: • Limitations on the ability to have exchanges effected other than by mail with signature guarantees for investor’s signature in the event of excessive or abusive transfers; • Limitations on transfers into any investment option within 30 days of having transferred out of it (other than in connection with an automatic transfer program); • Limitations on any transfers among sub-accounts within 30 days of prior transfer (other than in connection with an automatic transfer program); or • Limitations on any transfers on a day when net transfers into or out of a sub-account would have the effect of increasing or reducing the assets of the Fund by more than I% without the express permission of the adviser to that Fund. LIFE COMPANY also represents and warrants that the Contract prospectuses contain language describing its policies regarding excessive trading. (c) SMFI will monitor daily trading activities of each Fund for excessive trading or potentially abusive exchanges, and will notify the LIFE COMPANY if it detects such trading or exchanges from LIFE COMPANY’S Accounts. Upon notification from SMFI, LIFE COMPANY will use its best efforts to exercise its rights under the Contracts to impose limitations in a way that stops excessive or potentially abusive exchanges by one or a group of investors. LIFE COMPANY agrees to indemnify and hold harmless the Fund for any losses incurred as a result of LIFE COMPANY’S breach of its duties hereunder, and agrees that such breach will constitute an event of termination under Section 6.1 (i).