Subject to Sections 6. 1 and 6.2, the Company represents that the Contracts are currently, and at the time of issuance shall be, treated as life insurance or annuity insurance contracts, under applicable provisions for the Code, and that it will maintain such treatment, and that it will notify the Fund and the Underwriter immediately upon having a reasonable basis of believing the Contracts have ceased to be so treated or that they might not be so treated in the future. The Company will bear all costs, expenses (including but not limited to legal fees) in connection with any issue arising under this Section 6.3.
Appears in 11 contracts
Samples: Participation Agreement (Premier Vit), Participation Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Participation Agreement (Premier Vit)
Subject to Sections 6. 1 and 6.2, the Company represents that the Contracts are currently, and at the time of issuance shall be, treated as life insurance or annuity insurance contracts, under applicable provisions for the Code, and that it will maintain such treatment, and that it will notify the Fund and the Underwriter immediately upon having a reasonable basis of believing the Contracts have ceased to be so treated or that they might not be so treated in the future. The Company will bear all costs, expenses (including but not limited to reasonable legal fees) in connection with any issue arising under this Section 6.3.
Appears in 2 contracts
Samples: Participation Agreement (Premier Vit), Participation Agreement (Premier Vit)
Subject to Sections 6. 1 and 6.2, the Company represents that the Contracts are currently, and at the time of issuance shall be, treated as life insurance or annuity insurance contracts, under applicable provisions for of the Code, and that it will maintain such treatment, and that it will notify the Fund and the Underwriter immediately upon having a reasonable basis of for believing the Contracts have ceased to be so treated or that they might not be so treated in the future. The Company will bear all costs, expenses (including but not limited to legal fees) in connection with agrees that any issue arising under this Section 6.3.prospectus offering a contract that is a "modified
Appears in 2 contracts
Samples: Participation Agreement (Ml of New York Variable Annuity Separate Account A), Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)
Subject to Sections 6. 1 and 6.26.2 hereof, the Company represents that the Contracts are currently, and at the time of issuance shall be, treated as life insurance insurance, endowment contracts, or annuity insurance contracts, under applicable provisions for of the Code, and that it will make every effort to maintain such treatment, and that it will notify the Fund and the Underwriter immediately upon having a reasonable basis of for believing the Contracts have ceased to be so treated or that they might not be so treated in the future. The Company will bear all costs, expenses (including but not limited to legal fees) in connection with any issue arising under this Section 6.3.
Appears in 1 contract
Samples: Participation Agreement (Sage Variable Annuity Account A)
Subject to Sections 6. 1 and 6.26.2 hereof, the Company represents that the Contracts are currently, and at the time of issuance shall be, treated as life insurance or annuity insurance contracts, under applicable provisions for of the Code, and that it will make every effort to maintain such treatment, and that it will notify the Fund and the Underwriter immediately upon having a reasonable basis of for believing the Contracts have ceased to be so treated or that they might not be so treated in the future. The Company will bear all costs, expenses (including but not limited to legal fees) in connection with any issue arising under this Section 6.3.
Appears in 1 contract
Samples: Participation Agreement (Sun Life of Canada U S Variable Account I)