Common use of OPTIONAL REDEMPTION PAYMENTS Clause in Contracts

OPTIONAL REDEMPTION PAYMENTS. If so indicated in the Schedule, we shall pay you amounts you need to redeem or repay any notes or other instruments issued by you and backed by this Contract, pursuant to any limited right of redemption contained in such note or instrument. We may require reasonable evidence that the redemption or payment request satisfied all of the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such note or other instrument. Additional restrictions, if any, on your reimbursement rights under this section may be included in the Schedule.

Appears in 8 contracts

Samples: Funding Agreement (Hartford Life Global Funding Trust 2006-033), Funding Agreement (Hartford Life Insurance Co), Funding Agreement (Hartford Life Global Funding Trust 2006-001)

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