Common use of Certain Transactions and Restrictions Clause in Contracts

Certain Transactions and Restrictions. (i) The Company agrees that it will provide, not later than ten Business Days after receipt of a written request by Vanguard on behalf of a Vanguard Fund, the Taxpayer Identification Number of any or all Contract owner(s) and the amount, date, name of investment professional associated with the Contract owner (if any), and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange transaction by such Contract owner(s) in an account investing in the Vanguard Fund through an account maintained by the Company during the specific period covered by the request. Requests must set forth a specific period, not to exceed 90 calendar days from the date of the request, for which transaction information is sought. Vanguard may request transaction information older than 90 calendar days from the date of the request as it deems necessary to investigate compliance with policies established by the Vanguard Funds for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Vanguard Funds. Information regarding transactions resulting from dollar cost averaging programs, automatic rebalancing programs, periodic deduction of fees, and redemptions pursuant to a systematic withdrawal plan will not be included in the transaction information furnished to Vanguard; as a result, the transaction information provided for a certain period will not be equal to the number of omnibus trades made during that same period. Unless required by applicable law, rule or regulation, Vanguard and the Vanguard Funds agree not to use the information received under this Section for marketing or any other purpose not related to (A) limiting or reducing abusive trading in shares issued by the Vanguard Funds or (B) collecting purchase or redemption fees (if any). (ii) The Company agrees that it will execute written instructions from Vanguard on behalf of a Vanguard Fund, including instructions to restrict or prohibit purchases or exchanges of Vanguard Fund shares in specific accounts or by or on behalf of specific Contract owners identified by the Vanguard Fund as having engaged in transactions in Vanguard Fund shares that violate policies established by the Vanguard Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding securities issued by the Vanguard Fund. Any such instructions by Vanguard shall include the Taxpayer Identification Number or equivalent identifying number of the Contract owner(s) to which the instructions relate and the specific restriction(s) to be executed. The Company agrees that it will execute any such instructions as soon as reasonably practicable, but not later than ten Business Days after receipt of the instructions by the Company. (iii) Requests for transaction information or trading restrictions under this Section must be directed to: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Senior Counsel AIG American General ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, A30-25 Houston, TX 77019 (▇▇▇) ▇▇▇-▇▇▇▇ and to: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Variable Products Accounting AIG American General ▇▇▇▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Houston, TX 77019 (▇▇▇) ▇▇▇-▇▇▇▇ (iv) If the Company is aware of a possible delay in the fulfillment of a request pursuant to this Section, the Company will provide notice to Vanguard of the impending delay as soon as possible after the impending delay is discovered." (b) By inserting a new Section 14(l) to read in full as follows:

Appears in 1 contract

Sources: Participation Agreement (Variable Account Ii Aig Life Insurance Co)

Certain Transactions and Restrictions. (i) The Company agrees that it will provide, not later than ten Business Days after receipt of a written request by Vanguard on behalf of a Vanguard Fund, the Taxpayer Identification Number of any or all Contract owner(s) and the amount, date, name of investment professional associated with the Contract owner (if any), and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange transaction by such Contract owner(s) in an account investing in the Vanguard Fund through an account maintained by the Company during the specific period covered by the request. Requests must set forth a specific period, not to exceed 90 calendar days from the date of the request, for which transaction information is sought. Vanguard may request transaction information older than 90 calendar days from the date of the request as it deems necessary to investigate compliance with policies established by the Vanguard Funds for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Vanguard Funds. Information regarding transactions resulting from dollar cost averaging programs, automatic rebalancing programs, periodic deduction of fees, and redemptions pursuant to a systematic withdrawal plan will not be included in the transaction information furnished to Vanguard; as a result, the transaction information provided for a certain period will not be equal to the number of omnibus trades made during that same period. Unless required by applicable law, rule or regulation, Vanguard and the Vanguard Funds agree not to use the information received under this Section for marketing or any other purpose not related to (A) limiting or reducing abusive trading in shares issued by the Vanguard Funds or (B) collecting purchase or redemption fees (if any). (ii) The Company agrees that it will execute written instructions from Vanguard on behalf of a Vanguard Fund, including instructions to restrict or prohibit purchases or exchanges of Vanguard Fund shares in specific accounts or by or on behalf of specific Contract owners identified by the Vanguard Fund as having engaged in transactions in Vanguard Fund shares that violate policies established by the Vanguard Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding securities issued by the Vanguard Fund. Any such instructions by Vanguard shall include the Taxpayer Identification Number or equivalent identifying number of the Contract owner(s) to which the instructions relate and the specific restriction(s) to be executed. The Company agrees that it will execute any such instructions as soon as reasonably practicable, but not later than ten Business Days after receipt of the instructions by the Company. (iii) Requests for transaction information or trading restrictions under this Section must be directed to: 91593 v1 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Senior Counsel AIG American General ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, A30-25 Houston, TX 77019 (▇▇▇) ▇▇▇-▇▇▇▇ and to: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Variable Products Accounting AIG American General ▇▇▇▇-▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Houston, TX 77019 (▇▇▇) ▇▇▇-▇▇▇▇ (iv) If the Company is aware of a possible delay in the fulfillment of a request pursuant to this Section, the Company will provide notice to Vanguard of the impending delay as soon as possible after the impending delay is discovered." (b) By inserting a new Section 14(l) to read in full as follows:

Appears in 1 contract

Sources: Participation Agreement (Variable Account B American Intl Life Assur Co of New York)