Common use of PRIAC Termination Clause in Contracts

PRIAC Termination. We reserve the right in Our sole judgment (i) to cease accepting at any time amounts for allocations to an Eligible Investment, and (ii) to not permit exchanges between Eligible Investments. We will exercise these rights in the circumstances when: (a) Due to economic environment, capital markets, legal or regulatory framework or strategic business priorities of PRIAC, we determined that our offering Our guarantees under this Rider is no longer commercially practical or desirable, or (b) We determine that the Eligible Investments have materially changed their holdings, strategies, investment policies or risk/return characteristics, or (c) In connection with the termination or discontinuance of allocations to Eligible Investments by person authorized to do so, on behalf of the Plan. GA-2020-TGWB-REG-2014 Our exercise of this right shall not affect Our guarantees with regard to amounts allocated to Eligible Investments on the effective date of Our ceasing to accept such amounts, subject to adjustments to the Guarantee Fee pursuant to Section 7.1 and the terms of this Rider.

PRIAC Termination. We reserve the right in Our sole judgment (i) to cease accepting at any time amounts for allocations to an Eligible Investment, and (ii) to not permit exchanges between Eligible Investments. We will exercise these rights in the circumstances when: (a) Due to economic environment, capital markets, legal or regulatory framework or strategic business priorities of PRIAC, we determined that our offering Our guarantees under this Rider is no longer commercially practical or desirable, or (b) We determine that the Eligible Investments have materially changed their holdings, strategies, investment policies or risk/return characteristics, or (c) In connection with the termination or discontinuance of allocations to Eligible Investments by person authorized to do so, on behalf of the Plan. GA-2020GA-2060-TGWB-REG-2014 TGWB-0805 Our exercise of this right shall not affect Our guarantees with regard to amounts allocated to Eligible Investments on the effective date of Our ceasing to accept such amounts, subject to adjustments to the Guarantee Fee pursuant to Section 7.1 and the terms of this Rider.

PRIAC Termination. We reserve the right in Our sole judgment (i) to cease accepting at any time amounts for allocations to an Eligible Investment, and (ii) to not permit exchanges between Eligible Investments. We will exercise these rights in the circumstances when: (a) Due to economic environment, capital markets, legal or regulatory framework or strategic business priorities of PRIAC, we determined that our offering Our guarantees under this Rider is no longer commercially practical or desirable, or (b) We determine that the Eligible Investments have materially changed their holdings, strategies, investment policies or risk/return characteristics, or (c) In connection with the termination or discontinuance of allocations to Eligible Investments by person authorized to do so, on behalf of the Plan. GA-2020GA-2060-TGWB-REG-2014 TGWB-2014 Our exercise of this right shall not affect Our guarantees with regard to amounts allocated to Eligible Investments on the effective date of Our ceasing to accept such amounts, subject to adjustments to the Guarantee Fee pursuant to Section 7.1 and the terms of this Rider.