Common use of Agreement to Restrict Clause in Contracts

Agreement to Restrict. Trading. Intermediary agrees to execute written instructions from the Fund to restrict or prohibit future purchases or exchanges of shares through Intermediary's account, by a shareholder that has been identified by the Fund as having engaged in transactions in Fund shares that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund. With respect to each indirect intermediary holding shares through Intermediary's account, Intermediary agrees to, upon further request by the Fund to, (A) provide (or arrange to have provided) the identification and transaction information set forth in clause (i) of paragraph 1 above regarding shareholders who hold accounts with any such indirect intermediary, or (B) restrict or prohibit the indirect intermediary from purchasing, in nominee name on behalf of other persons, shares issued by the Funds.

Appears in 2 contracts

Sources: Shareholder Information Agreement (Pruco Life Variable Universal Account), Shareholder Information Agreement (Pruco Life Variable Universal Account)

Agreement to Restrict. Trading. Intermediary agrees to execute written instructions from the Fund to restrict or prohibit future purchases or exchanges of shares through Intermediary's ’s account, by a shareholder that has been identified by the Fund as having engaged in transactions in Fund shares that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund. With respect to each indirect intermediary holding shares through Intermediary's ’s account, Intermediary agrees to, upon further request by the Fund to, (A) provide (or arrange to have provided) the identification and transaction information set forth in clause (i) of paragraph 1 above regarding shareholders who hold accounts with any such indirect intermediary, or (B) restrict or prohibit the indirect intermediary from purchasing, in nominee name on behalf of other persons, shares issued by the Funds.

Appears in 1 contract

Sources: Shareholder Information Agreement (Prudential Variable Contract Account Gi-2)