Services; Payments. A. Firm shall perform or provide for the performance of all Services with respect to Contract owner values and Firm’s assets from which investments in shares of the Series are made, including, without limitation, the following services: 1. Maintaining separate records for each Contract owner, which shall reflect the Series shares purchased and redeemed with respect to and Series share balances attributable to such Contract owners. Firm will maintain an omnibus account with each Series on behalf of Contract owners, and such accounts shall be in the name of Firm (or its nominee) as the record owner of Series shares attributable to such Contract owners.
Appears in 5 contracts
Samples: Marketing and Administrative Services Agreement (Virtus Variable Insurance Trust), Marketing and Administrative Services Agreement (Virtus Variable Insurance Trust), Marketing and Administrative Services Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)
