Processing Adjustments. In the event of any error or delay with respect to these Fund/SERV and Networking Procedures that is caused by the Fund or its designee, the Fund will make any adjustments on its (or its transfer agent’s) accounting system necessary to correct such error or delay. The Company will make the corresponding adjustments on its record-keeping system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Fund/SERV and Networking Procedures.
Processing Adjustments. Each Business Day the Agent and Vanguard will reconcile their records so that an appropriate number of shares of each of the VVIF Portfolios is credited to the Agent’s accounts on behalf of the Accounts invested in the VVIF Portfolios.
(i) In the event of any error (other than a Pricing Error, as hereinafter defined) or delay with respect to the procedures outlined in this Agreement that is caused by Vanguard, Vanguard shall make any adjustments on Vanguard’s accounting system necessary to correct such error or delay and shall reimburse the Agent for any losses or reasonable costs incurred directly as a result of the error or delay.
(ii) In the event of any error or delay in transmitting an Order that is caused by the Agent, the following provisions will apply:
(A) Upon receipt from the Agent of documentation sufficient in Vanguard’s sole discretion to establish the details of such Order and the time at which it or the corresponding Instructions were received from the Account or Policy owner by the Agent, Vanguard will correct its records to reflect the Order as transmitted to Vanguard by the Agent; and
(B) The Agent will promptly reimburse the Account, Vanguard and the VVIF Portfolios for any losses or reasonable costs incurred directly as a result of the error or delay. The Agent agrees that, insofar as Vanguard and the VVIF Portfolios are concerned, such losses or reasonable costs will include, at a minimum, any market or administrative costs directly associated with effecting Orders on an “as of” basis or canceling such Orders.
(iii) The Agent and Vanguard, respectively, each agree to provide the other prompt notice of any errors or delays of the type referred to in this Section 8(b) and to use reasonable efforts to take such action as may be appropriate to avoid or mitigate any costs or losses resulting from such errors or delays.
Processing Adjustments. In the event of any error or delay with respect ---------------------- to these Manual Procedures that is caused by the Fund the Fund will make any adjustments on its (or its transfer agent's) accounting system necessary to correct such error or delay. The Company will make the corresponding adjustments on its record-keeping system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures.
Processing Adjustments. (a) In the event of any error or delay with respect to these Fund/SERV Procedures that is caused by the Fund, the Fund will make any adjustments on its (or its transfer agent's) accounting system necessary to correct such error or delay. The Company will make the corresponding adjustments on its record-keeping system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Fund/SERV Procedures.
(b) If the Fund provides materially incorrect net asset value per share information to the Company, through no fault of the Company, the Account(s) shall be entitled to an adjustment with respect to the Portfolio shares purchased or redeemed to reflect the correct net asset value per share. The determination of the circumstances that require such an adjustment of Portfolio shares shall be consistent with the Securities and Exchange Commission's informal position regarding the correction of net asset value per share errors, as expressed by senior staff members from time to time ("Staff Guidelines"). The Fund agrees to provide the Company with prompt notice of any material error in net asset value per share information that requires an adjustment of Portfolio shares maintained in the Account(s). The correction of any material net asset value per share error shall be made by the Fund at the Account level and shall be carried out in accordance with Staff Guidelines regarding such errors. The Company and the Fund agree to use reasonable efforts to take such action as may be appropriate to avoid or mitigate costs or losses related to the correction of net asset value per share information.
Processing Adjustments. Each business day the Company and LFSI will reconcile their records so that an appropriate number of shares of each of the Funds are credited to the Accounts invested in the various Funds with LFSI.
(a) In the event of any error (other than a Pricing Error, as hereinafter defined) or delay with respect to the procedures outlined in this Section 3 which is caused by LFSI, LFSI shall make any adjustments on its accounting system necessary to correct such error or delay and shall reimburse the Accounts for any losses or reasonable costs incurred directly as a result of the error or delay.
(b) In the event of any error or delay with respect to the procedures outlined in this Section 3 which is caused by the Company, the Company shall adjust its records accordingly in order to correct such error or delay. The Company will notify LFSI of the error and required correction and shall reimburse LFSI for any losses or reasonable costs incurred as a result of the error or delay. In the event of an error or delay caused by the Company, LFSI will process any adjustment with the trade date of the day such error or delay is identified by the Company to LFSI.
(iii) The Company and LFSI, respectively, each agree to provide the other prompt notice of any errors or delays of the type referred to in this Section 3(a) and to use reasonable efforts to take such action as may be appropriate to avoid or mitigate any such costs or losses.
Processing Adjustments. In the event of any error or delay with respect to these Manual Procedures that is caused by the Fund or its designee, the Fund will make any adjustments on its (or its transfer agent's) recordkeeping system necessary to correct such error or delay. The Company will make the corresponding adjustments on its accounting system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures. PARTICIPATION AGREEMENT Among XXX XXXXXX LIFE INVESTMENT TRUST, XXX XXXXXX ASSET MANAGEMENT, XXX XXXXXX FUNDS INC., and GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Dated as of January 10, 2007 TABLE OF CONTENTS
Processing Adjustments. In the event of any error or delay with respect to these Manual Procedures that is caused by the Fund or its designee, the Fund will make any adjustments on its (or its transfer agent's) recordkeeping system necessary to correct such error or delay. The Company will make the corresponding adjustments on its accounting system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures. PARTICIPATION AGREEMENT AMONG THE UNIVERSAL INSTITUTIONAL FUNDS, INC., XXXXXX XXXXXXX DISTRIBUTION, INC., XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC., AND GENWORTH LIFE AND ANNUITY INSURANCE COMPANY DATED AS OF JANUARY 10, 2007 TABLE OF CONTENTS PAGE ---- ARTICLE I Purchase and Redemption of Fund Shares 3 ARTICLE II Representations and Warranties 4 ARTICLE III Prospectuses, Reports to Shareholders and Proxy Statements; Voting 6 ARTICLE IV Sales Material and Information 9 ARTICLE V Fees and Expenses 10 ARTICLE VI Diversification 10 ARTICLE VII Potential Conflicts 11
Processing Adjustments. Each business day the Company and the Transfer Agent will reconcile their records so that an appropriate number of shares of each Fund is credited to the Accounts invested in the Fund.
(i) In the event of any error (other than a Pricing Error, as hereinafter defined) or delay with respect to the procedures outlined in this Section 3 which is caused by the Transfer Agent, the Transfer Agent shall make any adjustments on its accounting system necessary to correct such error or delay and shall reimburse the Accounts for any material losses incurred directly as a result of the error or delay.
(ii) In the event of any error or delay with respect to the procedures outlined in this Section 3 which is caused by the Company, the Company shall adjust its records accordingly in order to correct such error or delay. The Company will notify the Transfer Agent of the error and required correction and shall reimburse the Transfer Agent for any material losses incurred as a result of the error or delay. In the event of an error or delay caused by the Company, the Transfer Agent will process any adjustment with the trade date of the day such error or delay is identified by the Company to the Transfer Agent.
(iii) The Company and Transfer Agent, respectively, each agree to provide the other prompt notice of any errors or delays of the type referred to in this Section 3and to use reasonable efforts to take such action as may be appropriate to avoid or mitigate any such costs or losses.
Processing Adjustments. In the event of any error or delay with respect to these Manual Procedures that is caused by the Fund the Fund will make any adjustments on its (or its transfer agent's) accounting system necessary to correct such error or delay. The Company will make the corresponding adjustments on its record-keeping system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures. Investment Management 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000 [LOGO] Xxxxxx Xxxxxxx August 1, 2005 Xx. Xxx Xxxx Sr. Vice President, Chief Marketing Officer Security Benefit Life Insurance Company One Security Benefit Place Topeka, Kansas 66636 Dear Xx Xxxx: As you know, we have entered into a participation agreement among The Universal Institutional Funds, Inc. (the "Fund"), Xxxxxx Xxxxxxx Distribution, Inc., Xxxxxx Xxxxxxx Investment Management Inc. and Security Benefit Life Insurance Company (the "Company"), dated August 1, 2005, as may be amended from time to time (the "Participation Agreement"), providing for the purchase by the Company of shares of certain series of the Fund ("Portfolios") on behalf of its separate account(s) to fund certain variable life and annuity contracts ("Contracts"), each as specified in the Participation Agreement. As consideration for various fund-related administrative services that the Company will provide in connection with the issuance of the Contracts ("Administrative Services"), we will pay to the Company, during the term of the Participation Agreement and for as long as the Companies' separate accounts are invested in the Fund up to two years from the effective date of the termination of the Participation Agreement, an annual fee at the following annual rates based on the average daily net assets invested in Class II Shares, of the applicable Portfolio(s) under the Contracts identified in the Participation Agreement: Equity and Income Portfolio (Class II Shares) - 0.35%-0.40% 1 ____________________ 1 In conjunction with the fee paid under the Administrative Service Agreement between Xxxxxx Xxxxxxx Distribution, Inc. and Security Benefit Life Insurance Company, dated August 1,2005, the total fee payable to the Company shall be 0.40% for first $200 million in assets under management, and 0.45% on assets in excess of $200 million. Assets shall be combined for the purpose of this fee calculation to include all assets under the Participation Agreement(as that term ...
Processing Adjustments. In the event of any error or delay with respect to these Manual Procedures that is caused by the Fund or its transfer agent, the Fund will make any adjustments on its (or its transfer agent's) recordkeeping system necessary to correct such error or delay. The Company will make the corresponding adjustments on its record-keeping system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Manual Procedures. 11 SUPPLEMENT TO PARTICIPATION AGREEMENT DATED AS OF OCTOBER 30TH, 1998 (as amended and supplemented from time to time) AMONG DWS VARIABLE SERIES II (formerly Investors Fund Series) DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC. (formerly Xxxxxxx Xxxxxx Investments, Inc.) DWS INVESTMENTS DISTRIBUTORS, INC. (formerly Xxxxxx Distributors, Inc.) THE LINCOLN NATIONAL LIFE INSURANCE COMPANY ("Company") AND LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK, A New York insurance company (Both The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York herein referred to collectively as the "Companies")
