Common use of Indemnification for Errors Clause in Contracts

Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, transfer or registration of Portfolio Shares, the parties agree that each is obligated to make the Separate Accounts and/or the Portfolios, respectively, whole for any error or delay that it causes, subject in the case of pricing errors to the related Portfolio’s policies on materiality of pricing errors. In addition, each party agrees that neither will receive compensation from the other for the administrative costs of any reprocessing necessary as a result of an error or delay. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section. The Company and the Corporations agree that the Calvxxx Xxxds NAV Error Procedures shall govern.

Appears in 3 contracts

Samples: Fund Participation Agreement (Protective Variable Annuity Separate Account), Fund Participation Agreement (Pruco Life Variable Universal Account), Fund Participation Agreement (Pruco Life of New Jersey Variable Appreciable Account)

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Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, transfer or registration of Portfolio Shares, the parties agree that each is obligated to make the Separate Accounts and/or the Portfolios, respectively, whole for any error or delay that it causes, subject in the case of pricing errors to the related Portfolio’s policies on materiality of pricing errors. In addition, each party agrees that neither will receive compensation from the other for the administrative costs of any reprocessing necessary as a result of an error or delay. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section. The Company and the Corporations agree that the Calvxxx Xxxds Xxxxxxx Funds NAV Error Procedures shall govern.

Appears in 3 contracts

Samples: Fund Participation Agreement (Mutual of America Separate Account No 2), Fund Participation Agreement (Mutual of America Separate Account No 3), Fund Participation Agreement (Mutual of America Separate Account No 2)

Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, transfer or registration of Portfolio SharesShares of the Trust, the parties agree that each is obligated to make the Separate Accounts and/or the PortfoliosTrust, respectively, whole for any error or delay that it causes, subject in the case of pricing errors to the related Portfolio’s policies on materiality of pricing errors. In addition, each party agrees that neither will receive compensation from the other for the administrative costs of any reprocessing necessary as a result of an error or delay. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section. The Company and the Corporations Trust agree that the Calvxxx Xxxds NAV Xxxxx Xxxxx Pricing Error Procedures shall govern.

Appears in 3 contracts

Samples: Fund Participation Agreement (Protective COLI VUL), Fund Participation Agreement (Thrivent Variable Annuity Account I), Fund Participation Agreement (Jefferson National Life of New York Annuity Account 1)

Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, transfer or registration of Portfolio Sharesshares of the Funds, the parties agree that each is obligated to make the Separate Accounts and/or the PortfoliosFunds, respectively, whole for any error or delay that it causes, subject in the case of pricing errors to the related PortfolioFund’s policies on materiality of pricing errors. In addition, each party agrees that neither will receive compensation from the other for the administrative costs of any reprocessing necessary as a result of an error or delay. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section. The Company and the Corporations Trust agree that the Calvxxx Xxxds NAV Xxxxx Xxxxx Pricing Error Procedures shall govern.

Appears in 2 contracts

Samples: Participation Agreement (Variable Annuity Account A), Participation Agreement (SBL Variable Annuity Account Xiv)

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Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, transfer or registration of Portfolio SharesShares of the Trust, the parties agree that each is obligated to make the Separate Accounts and/or the PortfoliosTrust, respectively, whole for any error or delay that it causes, subject in the case of pricing errors to the related Portfolio’s 's policies on materiality of pricing errors. In addition, each party agrees that neither will receive compensation from the other for the administrative costs of any reprocessing necessary as a result of an error or delay. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section. The Company and the Corporations Trust agree that the Calvxxx Xxxds NAV Eaton Vance Pricing Error Procedures shall govern.

Appears in 1 contract

Samples: Fund Participation Agreement (Jefferson National Life Annuity Account G)

Indemnification for Errors. In the event of any error or delay with respect to information regarding the purchase, redemption, transfer or registration of Portfolio SharesShares of the Trust, the parties agree that each is obligated to make the Separate Accounts and/or the PortfoliosTrust, respectively, whole for any error or delay that it causes, subject in the case of pricing errors to the related Portfolio’s 's policies on materiality of pricing errors. In addition, each party agrees that neither will receive compensation from the other for the administrative costs of any reprocessing necessary as a result of an error or delay. Each party agrees to provide the other with prompt notice of any errors or delays of the type referred to in this Section. The Company and the Corporations Trust agree that the Calvxxx Xxxds NAV Eatox Xxxxx Xxxcing Error Procedures shall govern.

Appears in 1 contract

Samples: Fund Participation Agreement (Symetra Resource Variable Account B)

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