Conflict Remedies. It is agreed that if it is determined by a majority of the members of the Board of Directors or a majority of the Disinterested Directors that a material irreconcilable conflict exists, LIFE COMPANY will, if it is a Participating Insurance Company for which a material irreconcilable conflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Directors), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:
Appears in 3 contracts
Sources: Shareholder Services Agreement (First Ameritas Variable Annuity Separate Account), Participation Agreement (United Companies Separate Account One), Participation Agreement (United Companies Separate Account One)
Conflict Remedies. It is agreed that if it is determined by a majority of the members of the Board of Directors or a majority of the Disinterested Directors Trustees that a material irreconcilable conflict exists, LIFE COMPANY will, if it is a Participating Insurance Company for which a material irreconcilable conflict is relevant, at its own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested DirectorsTrustees), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:
Appears in 2 contracts
Sources: Participation Agreement (Aul American Individual Variable Life Unit Trust), Participation Agreement (Aul American Individual Variable Life Unit Trust)
Conflict Remedies. (a) It is agreed that if it is determined by a majority of the members of the Board of Directors or a majority of the Disinterested Directors that a material irreconcilable conflict exists, LIFE COMPANY Insurer and the other life insurance companies utilizing the Fund will, if it is a Participating Insurance Company for which a material irreconcilable conflict is relevant, at its their own expense and to the extent reasonably practicable (as determined by a majority of the Disinterested Directors), take whatever steps are necessary to remedy or eliminate the material irreconcilable conflict, which steps may include, but are not limited to:
Appears in 1 contract
Sources: Participation Agreement (Delaware Life Variable Account F)