SUBSTITUTION OF PORTFOLIO. If: (a) the shares of the Portfolios should no longer be available for investment by the Separate Account; or (b) in the judgment of the Board of Trustees for the SunAmerica Series Trust and the Anchor Series Trust, further investment in the shares of a Portfolio is no longer appropriate in view of the purpose of the Contract, then We may substitute shares of another underlying investment series or portfolio, for shares already purchased, or to be purchased in the future by Purchase Payments under the Contract. No substitution of securities may take place without prior approval of the Securities and Exchange Commission and under such requirements as it may impose.
Appears in 3 contracts
Samples: Annuity Contract (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Anchor National Life Insurance Co)
SUBSTITUTION OF PORTFOLIO. If: (a) the shares of the Portfolios should no longer be available for investment by the Separate Account; or (b) in the judgment of the Board of Trustees for the SunAmerica Series Trust and the Anchor Series Trust, further investment in the shares of a Portfolio is no longer appropriate in view of the purpose of the ContractCertificate, then We may substitute shares of another underlying investment series or portfolio, for shares already purchased, or to be purchased in the future by Purchase Payments under the ContractCertificate. No substitution of securities may take place without prior approval of the Securities and Exchange Commission and under such requirements as it may impose.
Appears in 3 contracts
Samples: Certificate of Insurance (Variable Separate Account of Anchor National Life Insur Co), Certificate of Insurance (Variable Separate Account of Anchor National Life Insur Co), Certificate of Insurance (Anchor National Life Insurance Co)
SUBSTITUTION OF PORTFOLIO. If: (a) the shares of the Portfolios should no longer be available for investment by the Separate Account; or (b) in the judgment of the Fund's Board of Trustees for the SunAmerica Series Trust and the Anchor Series TrustTrustees, further investment in the shares of a Portfolio is no longer appropriate in view of the purpose of the ContractCertificate, then We may substitute shares of another underlying investment series or portfolio, for shares already purchased, or to be purchased in the future by Purchase Payments under the ContractCertificate. No substitution of securities may take place without prior approval of the Securities and Exchange Commission and under such requirements as it may impose.
Appears in 2 contracts
Samples: Certificate of Insurance (Variable Annuity Account Four), Certificate of Insurance (Variable Annuity Account Four)
