MODIFICATION OF SEPARATE ACCOUNTS AND SUBACCOUNTS Sample Clauses

MODIFICATION OF SEPARATE ACCOUNTS AND SUBACCOUNTS. We may from time to time change material features of, or close, certain Separate Accounts or Subaccounts. Any changes will be made only if permitted by applicable law and regulations. Also, when required by law, we will obtain the approval of Contractholders of the changes and the approval of any appropriate regulatory authority. For example, we may combine Separate Accounts or Subaccounts, or provide additional Subaccounts, transfer part or all of the assets of a Separate Account or Subaccount to another Separate Account of Subaccount, make any changes necessary to comply with, or obtain and continue any exemptions from the Investment Company Act of 1940 (the 1940 Act), and make any other necessary technical changes to this Contract to conform with any action this provision permits us to take. -------------------------------------------------------------------------------- SECTION 5 - TRANSFER PAYMENTS ================================================================================
Sample 1
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MODIFICATION OF SEPARATE ACCOUNTS AND SUBACCOUNTS. We may from time to time change material features of, or close, certain Separate Accounts or Subaccounts. Any changes will be made only if permitted by applicable law and regulations. If any change may have a material impact on Contractholders or Participants, we will obtain the approval of Contractholders and Participants of the changes and the approval of any appropriate regulatory authority. Specifically, we may combine Separate Accounts or Subaccounts, provide additional Subaccounts or substitute a Subaccount for another, change the investment managers or management style of a Separate Account or Subaccount, transfer part or all of the assets of a Separate Account or Subaccount to another Separate Account or Subaccount, and make any changes necessary to comply with, or obtain and continue any exemptions from the Investment Company Act of 1940 (the 1940 Act). ================================================================================
Sample 1

Related to MODIFICATION OF SEPARATE ACCOUNTS AND SUBACCOUNTS

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • SUBACCOUNTS The Separate Account is divided into Subaccounts which invest in shares of mutual funds. Each Subaccount may invest its assets in a separate class or series of a designated mutual fund or funds. The Subaccounts are shown on page 3. Subject to the regulatory requirements then in force, SBL reserves the right to:

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Management Accounts The Management Accounts:

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