Obligations Related to Termination. (a) If the Agreement is terminated because of a material breach on the part of the Company or because of the liquidation of a Portfolio, the Trust may redeem the Portfolio shares held by the Variable Separate Accounts on the effective date of termination of this Agreement.
Appears in 14 contracts
Samples: Participation Agreement (Fs Variable Separate Account), Participation Agreement (Variable Separate Account), Participation Agreement (Variable Separate Account)
Obligations Related to Termination. (a) If the Agreement is terminated because of a material breach on the part of the Company or because of the liquidation of a Portfolio, the Trust may redeem the Portfolio shares held by the Variable Separate Accounts on the effective date of termination of this Agreement.
Appears in 11 contracts
Samples: Participation Agreement (Seasons Series Trust), Participation Agreement (Variable Annuity Life Insurance Co Separate Account A), Participation Agreement (Variable Annuity Life Insurance Co Separate Account A)
Obligations Related to Termination. (a) If a)If the Agreement is terminated because of a material breach on the part of the Company or because of the liquidation of a Portfolio, the Trust may redeem the Portfolio shares held by the Variable Separate Accounts on the effective date of termination of this Agreement.
Appears in 4 contracts
Samples: Participation Agreement (Agl Separate Account Vl-R), Participation Agreement (Agl Separate Account Vl-R), Participation Agreement (Usl Separate Account Usl Vl-R)
