UNDERLYING FUNDS. Each of the Funds listed in Appendix A agree to be bound, separately and individually, to the terms and conditions of this Agreement. Under no circumstances will any Underlying Fund be liable for any obligation of any other Underlying Fund.
UNDERLYING FUNDS. The term “Underlying Fund” refers to each of the Funds in which the Top-Tier Funds may invest and listed on Annex II, as it may be amended from time to time. Each “Underlying Fund” invests its assets in individual portfolio securities in accordance with specified investment objectives, policies and restrictions.
UNDERLYING FUNDS. The assets of each Portfolio (other than the Principal Plus Portfolio and the NextGen Savings Portfolio) are invested in Underlying Funds in accordance with the sector allocation and Underlying Fund determinations made by FAME. Under the terms of the Program Services Agreement, the Underlying Funds proposed by the Investment Manager for the Investment Fund are expected to be mutual funds, exchange traded funds or separate accounts managed by BlackRock or any affiliate thereof. See “THE PROGRAM SERVICES AGREEMENT.” FAME may select Underlying Funds that are not managed by BlackRock or a Sub-Advisor if there are no available Underlying Funds managed by BlackRock or a Sub- Advisor within a particular investment sector that meet certain performance standards set forth in the Program Services Agreement. FAME may also waive the performance standards set forth in the Program Services Agreement. FAME has approved one Underlying Fund, the Cash Allocation Account, for Portfolios investing in cash equivalent securities (other than the Principal Plus Portfolio, the NextGen Savings Portfolio and the iShares Portfolios). The assets of the Cash Allocation Account are invested in a diversified portfolio of money market securities and may also be invested in Maine CDs. BlackRock The Investment Manager is responsible for the selection and management of the money market securities in the Cash Allocation Account, other than Maine CDs. FAME may contract with a third party to select the financial institutions from which any Maine CDs are purchased, which CDs must be insured by the FDIC or fully collateralized. FAME will determine the percentage of the assets of the Cash Allocation Account that is invested in Maine CDs. It is anticipated that investments in Maine CDs, if any, will generally not exceed 10% of the assets of the Cash Allocation Account. The Cash Allocation Account is not a registered mutual fund.
UNDERLYING FUNDS. Each of the Underlying Funds listed in Schedule C agree to be bound, separately and individually, to the terms and conditions of this Agreement. Under no circumstances will any Underlying Fund be liable for any obligation of any other Underlying Fund.
UNDERLYING FUNDS. In the performance of its duties under this Agreement and the Administrative Services Agreement, EquiTrust shall perform its services in such a manner that it is compliant with the responsibilities and mandates set forth in the Participation Agreements entered between COUNTRY and any underlying mutual fund participating in the products of COUNTRY. EquiTrust shall maintain compliance with said Participation and Administrative Services agreements or other applicable contract between COUNTRY and the participating mutual funds.
UNDERLYING FUNDS. The following is a summary of the investment objectives and liquidity provisions of the Underlying Funds.
UNDERLYING FUNDS. In the performance of its duties under this Agreement and the Administration Services Agreement, EquiTrust shall perform its services in such a manner that it will not cause COUNTRY to breach any Participation Agreement that COUNTRY has entered into with any of the underlying funds in COUNTRY’s variable products, so long as COUNTRY has notified EquiTrust in writing of the requirements under the Participation Agreement(s) and EquiTrust is reasonably able to comply with such requirements.
UNDERLYING FUNDS. If You have voting rights, We will send a notice to You telling You the time and place of a meeting. The notice will also explain matters to be voted upon and how many votes You may exercise. MORTALITY AND EXPENSES Our actual mortality and expense experience will not affect the amount of any Annuity payments or any other values under this Contract. This Contract does not share in Our surplus earnings, so You will receive no dividends under it.
UNDERLYING FUNDS. If You have voting rights, We will send a notice to You telling You the time and place of a meeting. The notice will also explain matters to be voted upon and how many votes You may exercise.
UNDERLYING FUNDS. (i) The investments that comprise a Fund’s portfolio will include shares of one or more Underlying Funds selected by MML Advisers. The Subadviser will not have any discretionary authority under this Subadvisory Agreement to select any Underlying Funds. Except as provided in Sub-section (c)(ii) below, the Subadviser will not have authority to manage any investments of any Underlying Fund, or to exercise proxy voting authority with respect to any Underlying Fund.
