Pricing Error Corrections. If an adjustment is to be made to correct an error which has caused an Account to receive an amount different from that to which it is entitled, the Portfolio shall make all necessary adjustments to Shares owned in the Account. In the event that any such material error is the result of negligence of the Fund, the Underwriter shall be liable for the Company’s out-of-pocket expenses and other direct costs or losses related to adjustments made as a result of a pricing error in an amount not to exceed $1,000 per day and not to exceed $5,000 per occurrence.
Appears in 4 contracts
Samples: Fund Participation Agreement (Riversource Variable Account 10), Fund Participation Agreement (Riversource of New York Variable Annuity Account), Fund Participation Agreement (Riversource Variable Account 10)
Pricing Error Corrections. If an adjustment is to be made to correct an error which has caused an Account to receive an amount different from that to which it is entitled, the Portfolio shall make all necessary adjustments to Shares owned in the Account. In the event that any such material error is the result of negligence of the Fund, the Underwriter shall be liable for the Company’s 's out-of-pocket expenses and other direct costs or losses related to adjustments made as a result of a pricing error in an amount not to exceed $1,000 per day and not to exceed $5,000 per occurrence.
Appears in 2 contracts
Samples: Fund Participation Agreement (Riversource Variable Account 10), Fund Participation Agreement (Riversource of New York Variable Annuity Account)
