Common use of Shared Funding Order Clause in Contracts

Shared Funding Order. PARTIES AND PURPOSE This agreement (the "Agreement") is between Franklin Xxxxxxxxx Variable Insurance Products Trust, an open-end management investment company organized as a business trust under Massachusetts law (the "Trust"), Franklin Xxxxxxxxx Distributors, Inc., a California corporation which is the principal underwriter for the Trust (the "Underwriter," and together with the Trust, "we" or "us") and the insurance company identified on Schedule A ("you"), on your own behalf and on behalf of each segregated asset account maintained by you that is listed on Schedule B, as that schedule may be amended from time to time ("Account" or "Accounts"). The purpose of this Agreement is to entitle you, on behalf of the Accounts, to purchase the shares, and classes of shares, of portfolios of the Trust ("Portfolios") that are identified on Schedule C, solely for the purpose of funding benefits of your variable life insurance policies or variable annuity contracts ("Contracts") that are identified on Schedule D. This Agreement does not authorize any other purchases or redemptions of shares of the Trust.

Appears in 2 contracts

Samples: Participation Agreement (Safeco Separate Account C), Participation Agreement (Group Vel Acct of 1st Allmerica Financial Life Ins Co)

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Shared Funding Order. PARTIES AND PURPOSE Parties and Purpose This agreement (the "" Agreement") is between Franklin Xxxxxxxxx Templeton Variable Insurance Products TrustProductx Xxxxx, an open-end management investment company organized as a business trust under Massachusetts law (the "Trust"), Franklin Xxxxxxxxx Templeton Distributors, Inc., a California corporation Calixxxxxx xxrporation which is the principal underwriter for the Trust (the "Underwriter," and together with the Trust, "we" or "us") and the insurance company identified on Schedule A ("you"), on your own behalf and on behalf of each segregated asset account maintained by you that is listed on Schedule B, as that schedule may be amended from time to time ("Account" or "Accounts"). The purpose of this Agreement is to entitle you, on behalf of the Accounts, to purchase the shares, and classes of shares, of portfolios of the Trust ("Portfolios") that are identified on Schedule C, solely for the purpose of funding benefits of your variable life insurance policies or variable annuity contracts ("Contracts") that are identified on Schedule D. This Agreement does not authorize any other purchases or redemptions of shares of the Trust.;

Appears in 1 contract

Samples: Fund Participation Agreement (Ameritas Variable Separate Account Va)

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Shared Funding Order. PARTIES AND PURPOSE Parties and Purpose ------------------- This agreement (the "Agreement") is between Franklin Xxxxxxxxx Variable Insurance Products Trust, an open-end management investment company organized as a business trust under Massachusetts law (the "Trust"), Franklin Xxxxxxxxx Distributors, Inc., a California corporation which is the principal underwriter for the Trust (the "Underwriter," and together with the Trust, "we" or "us") and the insurance company identified on Schedule A ("you"), on your own behalf and on behalf of each segregated asset account maintained by you that is listed on Schedule B, as that schedule may be amended from time to time ("Account" or "Accounts"). The purpose of this Agreement is to entitle you, on behalf of the Accounts, to purchase the shares, and classes of shares, of portfolios of the Trust ("Portfolios") that are identified on Schedule C, solely for the purpose of funding benefits of your variable life insurance policies or variable annuity contracts ("Contracts") that are identified on Schedule D. This Agreement does not authorize any other purchases or redemptions of shares of the Trust.

Appears in 1 contract

Samples: Participation Agreement (PFL Retirement Builder Variable Annuity Account)

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