Common use of Purchase of Shares from the Company Clause in Contracts

Purchase of Shares from the Company. A. The Company herewith engages the Distributor to act as exclusive distributor of the shares of its separate series, and any other series which may be designated from time to time hereafter (“Portfolios”), named and described on the Schedule of Portfolios attached hereto and made a part of this Agreement by reference. Said sales shall be made only to investors eligible to invest in a registered investment company consistent with such company’s serving as an investment vehicle for variable annuities and variable life insurance company contracts. Distributor need not hold itself available to receive by mail, telex and/or telephone, orders for the purchase of shares.

Purchase of Shares from the Company. A. The Company herewith engages the Distributor to act as exclusive distributor of the shares of its separate series, and any other series which may be designated from time to time hereafter (“"Portfolios”"), named and described on the Schedule of Portfolios attached hereto and made a part of this Agreement by reference. Said sales shall be made only to investors eligible to invest in a registered investment company consistent with such company’s 's serving as an investment vehicle for variable annuities and variable life insurance company contracts. Distributor need not hold itself available to receive by mail, telex and/or telephone, orders for the purchase of shares.