AMENDMENT NO. 7 TO PARTICIPATION AGREEMENT BETWEEN DAVIS VARIABLE ACCOUNT FUND, INC., DAVIS DISTRIBUTORS LLC AND TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY
Exhibit 8(r)(3)
Amendment No. 7 to Participation Agreement (Xxxxx)
AMENDMENT NO. 7 TO PARTICIPATION AGREEMENT
BETWEEN XXXXX VARIABLE ACCOUNT FUND, INC.,
XXXXX DISTRIBUTORS LLC AND
TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY
Amendment to the Participation Agreement (the “Agreement”), dated April 3, 2000, by and between Transamerica Advisors Life Insurance Company (the “Insurance Company”), on its own behalf and on behalf of each segregated asset account of the Insurance Company set forth on Schedule A hereto as may be revised from time to time (each such account hereinafter referred to as the “Account”), Xxxxx Variable Account Fund, Inc. (the “Company”) and Xxxxx Distributors, LLC. (“Xxxxx Distributors”).
WHEREAS, the parties desire to further amend the Agreement as provided herein.
NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties hereto agree as follows:
1. | A new paragraph, numbered consecutively, is added to ARTICLE II. Representations and Warranties, as follows: |
2.10. Fund, the Company and Xxxxx Distributors each agree to promptly notify the Insurance Company when any underlying fund becomes a commodity pool operator (“CPO”) as defined under the Commodities Exchange Act (“CEA”), and Fund Manager is required to register with the Commodity Futures Trading Commission (“CFTC”) as a CPO with respect to any underlying fund. Until such notification is provided to the Insurance Company, Fund, the Company and Xxxxx Distributors each represent and warrant that it is not a CPO, and Fund Manager represents and warrants it is not required to register as a CPO with respect to any underlying fund. Fund, the Company, Xxxxx Distributors and Fund Manager each represent and warrant that it will at all times comply with the CEA and CFTC rules and regulations to the extent required.
All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. Unless otherwise specified, all defined terms shall have the same meaning given to them in the Agreement.
Effective Date: May 1, 2013
XXXXX VARIABLE ACCOUNT FUND, INC. | XXXXX DISTRIBUTORS, LLC | |||||||
By: | /s/ Xxxxxx Xxxx |
By: | /s/ Xxxxxx Xxxx | |||||
Name: | Xxxxxx Xxxx | Name: | Xxxxxx Xxxx | |||||
Title: |
Vice President | Title: |
Vice President | |||||
Date: | April 20, 2013 | Date: |
April 20, 2013 |
TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY | ||
By: | /s/ Xxxx Xxxxxxx | |
Name: | Xxxx Xxxxxxx | |
Title: | Vice President | |
Date: | 4-29-13 |