Merger and Renaming; Form of Agreement Sample Clauses

Merger and Renaming; Form of Agreement. A.1 The Fund, the Adviser and the Distributor acknowledge the planned merger of both American Centurion Life with and into IDS Life of New York (the "Merger") and the "intact transfer" (the "Transfer") of the Accounts of American Centurion Life to IDS Life of New York by operation of law and incident to the Merger, on December 31, 2006 at 10:59:59 p.m. Central Time (the "Effective Time"), subject to all necessary regulatory approvals being obtained in connection with the Merger and the Transfer, and the re-naming of IDS Life of New York to RiverSource Life Insurance Co. of New York simultaneously with the Merger. On and after the Effective Time, all references in this Agreement and its Schedules to American Centurion Life and IDS Life of New York shall mean and refer to RiverSource Life Insurance Co. of New York. The Fund, the Adviser and the Distributor consent to the transfer of the rights and obligations of American Centurion Life under this Agreement to IDS Life of New York at the Effective Time of the Merger. A.2 Although the parties have executed this Agreement in this form for administrative convenience, this Agreement shall create separate participation agreements between each Company and the Fund until the Effective Time of the Merger.
Sample 1
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Merger and Renaming; Form of Agreement. A.1 The Fund, the Adviser and the Distributor acknowledge the planned merger of both American Centurion Life with and into IDS Life of New York (the "Merger") and the "intact transfer" (the "Transfer") of the Accounts of American Centurion Life to IDS Life of New York by operation of law and incident to the Merger, on December 31, 2006 at
Sample 1

Related to Merger and Renaming; Form of Agreement

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  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

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