Common use of Market Timing Clause in Contracts

Market Timing. The Company agrees that it will take any and all actions reasonably necessary to ensure the compliance by Contractowners with the Fund’s policies prohibiting “market timing,” as set forth in the Fund’s current prospectus. In the event that it should come to the Company’s attention that any Contractowner is engaging in a pattern of purchases, redemptions and/or exchanges of shares of a Fund that may evidence “market timing,” the Company shall notify the Distributor of such pattern. The Company agrees to cooperate fully with the Distributor for the purpose of preventing “market timing,” and will upon request furnish to the Distributor such information as Distributor may consider necessary or desirable to review the possible existence and extent of “market timing” by any Contractowner. The Company will take any and all such actions as the Distributor may reasonably request in order to terminate any pattern of trading that the Distributor considers to be “market timing,” including, without limitation, refusing the orders of any Contractowner to purchase or exchange shares of the Fund.

Appears in 5 contracts

Samples: Participation Agreement (Separate Account Va V), Participation Agreement (Standard Insurance Co), Participation Agreement (Separate Account VA AA)

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Market Timing. The Company agrees that it will take any and all actions reasonably necessary to ensure the compliance by Contractowners of contract owners with the Fund’s policies prohibiting “market timing,” ”, as set forth in the Fund’s current prospectus. In the event that it should come to the Company’s attention that any Contractowner contract owner is engaging in a pattern of purchases, redemptions redemptions, and/or exchanges of shares of a Fund that may evidence “market timing,” ”, the Company shall notify the Distributor of such pattern. The As permitted by law, the Company agrees to cooperate fully with the Distributor for the purpose of preventing “market timing,” ”, and will upon request furnish to the Distributor such information as Distributor may consider necessary or desirable to review the possible existence and extent of “market timing” by any Contractownercontract owner. The Company will take any and all such actions as the Distributor may reasonably request in order to terminate any pattern of trading that the Distributor considers to be “market timing,” including, without limitation, refusing the orders of any Contractowner including imposing limitations on a contract owner’s ability to purchase or exchange shares of the Fund.

Appears in 3 contracts

Samples: Participation Agreement (Ml of New York Variable Annuity Separate Account A), Participation Agreement (Ml of New York Variable Annuity Separate Account A), Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)

Market Timing. The Company agrees that it will take any and all actions reasonably necessary to ensure the compliance by Contractowners with the Fund’s 's policies prohibiting "market timing," as set forth in the Fund’s 's current prospectus. In the event that it should come to the Company’s 's attention that any Contractowner is engaging in a pattern of purchases, redemptions and/or exchanges of shares of a Fund that may evidence "market timing," the Company shall notify the Distributor of such pattern. The Company agrees to cooperate fully with the Distributor for the purpose of preventing "market timing," and will upon request furnish to the Distributor such information as Distributor may consider necessary or desirable to review the possible existence and extent of "market timing" by any Contractowner. The Company will take any and all such actions as the Distributor may reasonably request in order to terminate any pattern of trading that the Distributor considers to be "market timing," including, without limitation, refusing the orders of any Contractowner to purchase or exchange shares of the Fund.

Appears in 3 contracts

Samples: Participation Agreement (Minnesota Life Individual Variable Universal Life Account), Participation Agreement (Variable Annuity Account), Participation Agreement (Jefferson National Life Annuity Account H)

Market Timing. The Company agrees that it will take any and all actions reasonably necessary to ensure the compliance by Contractowners with the Fund’s policies prohibiting “market timing,” as set forth in the Fund’s current prospectus. In the event that it should come to the Company’s attention that any Contractowner is engaging in a pattern of purchases, redemptions and/or exchanges of shares of a Fund that may evidence “market timing,” the Company shall notify the Distributor of such pattern. The Company agrees to cooperate fully with the Distributor for the purpose of preventing “market timing,” ”, and will upon request furnish to the Distributor such information as Distributor may consider necessary or desirable to review the possible existence and extent of “market timing” by any Contractowner. The Company will take any and all such actions actions, to the extent permitted by law, as the Distributor may reasonably request in order to terminate any pattern of trading that the Distributor considers to be “market timing,” including, without limitation, refusing the orders of any Contractowner to purchase or exchange shares of the Fund.

Appears in 2 contracts

Samples: Participation Agreement (Principal Life Insurance Co Separate Account B), Participation Agreement (Principal Life Insurance Co Variable Life Sep Account)

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Market Timing. The Company agrees that it will take any and all actions reasonably necessary to ensure the compliance by Contractowners of contract owners with the Fund’s policies prohibiting “market timing,” as set forth in the Fund’s current prospectus. In the event that it should come to the Company’s attention that any Contractowner contract owner is engaging in a pattern of purchases, redemptions redemptions, and/or exchanges of shares of a Fund that may evidence “market timing,” the Company shall notify the Distributor of such pattern. The As permitted by law, the Company agrees to cooperate fully with the Distributor for the purpose of preventing “market timing,” and will upon request furnish to the Distributor such information as Distributor may consider necessary or desirable to review the possible existence and extent of “market timing” by any Contractownercontract owner. The Company will take any and all such actions as the Distributor may reasonably request in order to terminate any pattern of trading that the Distributor considers to be “market timing,” including, without limitation, refusing the orders of any Contractowner including imposing limitations on a contract owner’s ability to purchase or exchange shares of the Fund.

Appears in 1 contract

Samples: Participation Agreement (Ml of New York Variable Annuity Separate Account D)

Market Timing. The Company agrees that it will take any and all actions reasonably necessary to ensure the compliance by Contractowners with the Fund’s 's policies prohibiting "market timingtinling," as set forth in the Fund’s 's current prospectus. In the event that it should come to the Company’s 's attention that any Contractowner is engaging in a pattern of purchases, redemptions and/or andlor exchanges of shares of a Fund that may evidence "market timing," the Company shall notify the Distributor of such pattern. The Company agrees to cooperate fully with the Distributor for the purpose of preventing "market timing,” ", and will upon request furnish to the Distributor such information as Distributor may consider necessary or desirable to review the possible existence and extent of "market timing" by any Contractowner. The Company will take any and all such actions actions, to the extent permitted by law, as the Distributor may reasonably request in order to terminate any pattern of trading that the Distributor considers to be "market timing," including, without limitation, refusing the orders of any Contractowner to purchase or exchange shares of the Fund.

Appears in 1 contract

Samples: Participation Agreement (Principal National Life Insurance Co Variable Life Separate Account)

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