Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors (the "Board of Directors") determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 42 contracts
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's ’s board of directors (the "“Board of Directors"”) determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 26 contracts
Samples: Participation Agreement (Separate Account a of Pacific Life & Annuity Co), Participation Agreement (Separate Account a of Pacific Life & Annuity Co), Participation Agreement (Separate Account a of Pacific Life Insurance Co)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors (the "Board of Directors") ), pursuant to their powers to reconcile conflicts under the Fund's Mixed and Shared Funding Order, as defined below, determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 4 contracts
Samples: Participation Agreement (Ge Life & Annuity Assurance Co Iv), Participation Agreement (Ge Capital Life Separate Account Ii), Participation Agreement (Ge Life & Annuity Assurance Co Iv)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors (the "Board of Directors") ), acting pursuant to the Mixed and Shared Funding Order, hereinafter defined, determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash. The Fund may also make redemptions in kind by mutual agreement of the parties.
Appears in 3 contracts
Samples: Participation Agreement (Separate Account Va Qny), Participation Agreement (PFL Life Variable Annuity Account A), Participation Agreement (Ausa Endeavor Variable Annuity Account)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors trustees (the "Board of DirectorsTrustees") determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 3 contracts
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)
Redemption in Kind. The Not withstanding Section 2.3, the Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors (the "Board of Directors") determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 3 contracts
Samples: Participation Agreement (Phoenix Life Variable Accumulation Account), Participation Agreement (PHL Variable Accumulation Account II), Participation Agreement (PHL Variable Accumulation Account II)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's ’s board of directors trustees (the "“Board of Directors"”) determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 3 contracts
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's ’s board of directors (the "“Board of Directors") ”), acting pursuant to the Mixed and Shared Funding Order, hereinafter defined, determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash. The Fund may also make redemptions in kind by mutual agreement of the parties.
Appears in 3 contracts
Samples: Participation Agreement (Separate Account VA YNY), Participation Agreement (Separate Account Va Cc), Participation Agreement (Separate Account VA WNY)
Redemption in Kind. The To the extent permitted under the 1940 Act, the Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's ’s board of directors (the "“Board of Directors"”) determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 2 contracts
Samples: Participation Agreement (PLICO Variable Annuity Account S), Participation Agreement (PLAIC Variable Annuity Account S)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors trustees (the "Board of Directors") determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 2 contracts
Samples: Participation Agreement (Kelmoore Strategy Variable Trust), Participation Agreement (Kelmoore Strategy Variable Trust)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's board of directors (the "Board of Directors"'') determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 1 contract
Samples: Participation Agreement (Variable Account I of AGL of Delaware)
Redemption in Kind. The Fund reserves the right to pay any portion of a redemption in kind of portfolio securities, if the Fund's ’s board of directors (the "“Board of Directors") ”), acting pursuant to the Mixed and Shared Funding Order, hereinafter defined, determines that it would be detrimental to the best interests of shareholders to make a redemption wholly in cash.
Appears in 1 contract
