Period Covered by and Frequency of Requests. Requests must set forth a specific period, not to exceed 90 days from the date of the request, for which transaction information is sought. The Sponsor, on behalf of the Fund, may request transaction information older than 90 days from the date of the request as it deems necessary to investigate compliance with policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund. In recognition that systems and other changes are necessary by Company in connection herewith, Fund and Underwriter agree that they shall not make any information requests or provide instructions, until on or after October 1, 2007. While Sponsor may request information on behalf of the fund at any time, Sponsor does not anticipate making requests, if any, for information more than once per quarter since the Company has a frequent trading policy which has been reviewed by Fund and Sponsor. The Company acknowledges that it has and will continue to apply its own frequent trading policy as disclosed in its current prospectus. If the Sponsor reasonably determines that, despite the Company’s enforcement of its own frequent trading policy, there is a risk of excessive trading that may dilute the value of outstanding Fund shares, or for any other reason deemed appropriate by Sponsor and this agreement remains in effect, Sponsor may in its sole discretion request transactional data in accordance with the terms of this Agreement. If Sponsor determines that the Company does not present a risk of such excessive trading that would dilute the value of the outstanding shares in the Fund, Sponsor will not typically and routinely request or receive individual account data from the Company more than once per quarter, but Sponsor reserves the right to request and receive such data as it deems necessary to ensure the Company’s compliance with its policy.
Appears in 3 contracts
Samples: Mutual of America Separate Account No 3, Mutual of America Separate Account No 2, Mutual of America Separate Account No 2
Period Covered by and Frequency of Requests. Requests must set forth a specific period, not to exceed 90 days from the date of the request, for which transaction information is sought. The Sponsor, on behalf of the Fund, may request transaction information older than 90 days from the date of the request as it deems necessary to investigate compliance with policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund. In recognition that systems and other changes are necessary by Company in connection herewith, Fund and Underwriter agree that they shall not make any information requests or provide instructions, until on or after October 1, 2007. While Sponsor may request information on behalf of the fund Fund at any time, Sponsor does not anticipate making requests, if any, daily requests for information more than once per quarter since because the Company has a frequent trading policy policy, which has been reviewed by provided to Fund and Sponsor. The Company acknowledges that it has and will be permitted to continue to apply its own frequent trading policy as disclosed in its current prospectus. If the Sponsor reasonably determines that, despite that the Company’s enforcement of its own frequent trading policypolicy has been changed or is not being implemented satisfactorily, such that there is a risk of excessive trading that may dilute the value of outstanding Fund shares, or for any other reason deemed appropriate by Sponsor and this agreement remains in effect, Sponsor may in its sole discretion request transactional data as frequently as daily in accordance with the terms of this Agreement. If Sponsor determines that the Company maintains its policy that does not present a risk of such excessive trading that would dilute the value of the outstanding shares in the Fund, Sponsor will not typically and routinely request or receive individual account data from the Company more than once per quarterCompany, but Sponsor reserves the right to request and receive such data as it deems necessary to ensure the Company’s compliance with its policy.
Appears in 3 contracts
Samples: Participation Agreement (Mutual of America Separate Account No 3), Participation Agreement (Mutual of America Separate Account No 2), Participation Agreement (Mutual of America Separate Account No 2)
Period Covered by and Frequency of Requests. Requests must set forth a specific period, not to exceed 90 days from the date of the request, for which transaction information is sought. The Sponsor, on behalf of the Fund, may request transaction information older than 90 days from the date of the request as it deems necessary to investigate compliance with policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund. In recognition that systems and other changes are necessary by Company in connection herewith, Fund and Underwriter agree that they shall not make any information requests or provide instructions, until on or after October 1, 2007. While Sponsor may request information on behalf of the fund Fund at any time, Sponsor does not anticipate making requests, if any, for information more than once per quarter since the Company has a frequent trading policy which has been reviewed by Fund and Sponsor. The Company acknowledges that it has and will continue to apply its own frequent trading policy as disclosed in its current prospectus. If the Sponsor reasonably determines that, despite the Company’s enforcement of its own frequent trading policy, there is a risk of excessive trading that may dilute the value of outstanding Fund shares, or for any other reason deemed appropriate by Sponsor and this agreement remains in effect, Sponsor may in its sole discretion request transactional data in accordance with the terms of this Agreement. If Sponsor determines that the Company does not present a risk of such excessive trading that would dilute the value of the outstanding shares in the Fund, Sponsor will not typically and routinely request or receive individual account data from the Company more than once per quarter, but Sponsor reserves the right to request and receive such data as it deems necessary to ensure the Company’s compliance with its policy.
Appears in 2 contracts
Samples: Mutual of America Separate Account No 3, Mutual of America Separate Account No 2