Cross-Reinvestment Program Sample Clauses

Cross-Reinvestment Program. If I participate in the Cross- Reinvestment Program, distributions from eligible mutual funds in my Account that I select may be automatically reinvested into shares of certain eligible mutual funds of my choosing (“cross–reinvestment security”) for which I have received a current prospectus. Generally on the same business day as the distribution payment, ▇▇▇▇▇▇ ▇▇▇▇▇ will invest the funds received on my behalf into shares of the cross-reinvestment security, which will settle on the following business day. The price paid for such cross- reinvestment security will be the public offering price of the security as determined in its prospectus. The cross- reinvestment of distributions from one mutual fund to another mutual fund are generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.
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Cross-Reinvestment Program. With this feature, dividends and distributions from eligible securities in my account that I select (“owned securities”) may be automatically reinvested into shares of an eligible mutual fund of my choosing (“cross- reinvestment security”) for which I have received a current prospectus. On the business day prior to a distribution payment date of an owned security, ▇▇▇▇▇▇ ▇▇▇▇▇ will enter an order on my behalf for the purchase of the cross- reinvestment security. On the distribution payment date, ▇▇▇▇▇▇ ▇▇▇▇▇ will invest the funds received on my behalf into shares of the cross-reinvestment security, and such purchase of the cross-reinvestment security will settle on the following business day. In the event the distribution payment amount on an owned security is not known in advance of the distribution payment date, the order will be entered as soon thereafter as the amount of the distribution payment can be calculated with certainty, including currency conversions, if necessary. The price paid for such cross-reinvestment security will be the public offering price of the security as determined in its prospectus. The cross-reinvestment of distributions from one mutual fund to another mutual fund are generally only permitted among affiliated funds and may otherwise be limited by the terms of the funds’ prospectuses.
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Cross-Reinvestment Program. During the lifetime of the Annuitant, the Owner may elect a cross reinvestment program by filing a written request, in a form acceptable to LL&A, at its Servicing Office. A cross reinvestment program is the transferring, at a designated frequency (monthly, quarterly, semi-annually or annually), of a Sub- account value that exceeds a designated baseline amount selected by the Owner, from the Fixed Account or any of the Variable Subaccounts ("originating Sub- account") to other investment options within the Contract. If a cross reinvestment program is elected, the following provisions apply: . Only one cross reinvestment program may exist at any time. . Cross reinvestment is not available to those currently participating in: Dollar cost averaging. Automatic withdrawal service. Automatic bank draft deposit. Automatic clearinghouse deposit. . The minimum baseline amount in the originating Sub-account is $10,000. . The minimum amount that can be transferred is $50. . At the selected frequency, any Sub-account Value that exceeds the baseline amount by $50 or more will automatically be transferred to one or more specified Sub-accounts. . Transfers will occur on the 20th of the month. If the stock market is closed on that day, the transfer will occur on the next business day. In order to be effective by the 20th, a request to establish, change or terminate a cross reinvestment program must be received by LL&A at its Servicing Office by the 15th of the month. . Statements will be sent to the Owner confirming each transaction. . The cross reinvestment program will continue until the Owner authorizes LL&A to terminate the program. . The Owner may establish, change or terminate the cross reinvestment program by sending written notice, in a form acceptable to LL&A, to its Servicing Office. . The baseline amount selected will be increased by any additional Purchase Payments or transfers into the specified originating Sub-account.
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Related to Cross-Reinvestment Program

  • Investment Program The Subadviser is hereby authorized and directed and hereby agrees, subject to the stated investment objective and policies of the Fund as set forth in the Trust’s current Registration Statement and subject to the supervision of the Adviser and the Board of Trustees of the Trust, to (i) develop and furnish continuously an investment program and strategy for the Fund in compliance with the Fund’s investment objective and policies as set forth in the Trust’s current Registration Statement, (ii) provide research and analysis relative to the investment program and investments of the Fund, (iii) determine (subject to the overall supervision of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund shall be held in cash or cash equivalents, and (iv) make changes on behalf of the Trust in the investments of the Fund. In accordance with paragraph 2(ii)(b), the Subadviser shall arrange for the placing of all orders for the purchase and sale of securities and other investments for the Fund’s account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or transactions. The Subadviser will make its officers and employees available to meet with the Adviser’s officers and directors on due notice at reasonable times to review the investments and investment program of the Fund in light of current and prospective economic and market conditions. The Subadviser is authorized on behalf of the Fund to enter into agreements and execute any documents required to make investments pursuant to the Prospectus as may be amended from time to time. The Subadviser’s responsibility for providing portfolio management services hereunder shall be limited to only those assets of the Fund which the Adviser determines to allocate to the Subadviser (those assets being referred to as the “Fund Account”), and the Subadviser agrees that it shall not consult with any investment advisor(s) (within the meaning of the ▇▇▇▇ ▇▇▇) to the Fund or any other registered investment company or portfolio series thereof under common control with the Fund concerning transactions for the Fund Account in securities or other assets such that the exemptions under Rule 10f-3, Rule 12d-3 and/or Rule 17a-10 under the 1940 Act would not be available with respect to the Fund. The Subadviser shall exercise voting authority with respect to proxies that the Fund is entitled to vote by virtue of the ownership of assets attributable to that portion of the Fund for which the Subadviser has investment management responsibility; provided that the exercise of such authority shall be subject to periodic review by the Adviser and the Trustees of the Trust; provided, further that such authority may be revoked in whole or in part by the Adviser if required by applicable law. The Subadviser shall exercise its proxy voting authority hereunder in accordance with such proxy voting policies and procedures as the Trust may designate from time to time. The Subadviser shall provide such information relating to its exercise of proxy voting authority hereunder (including the manner in which it has voted proxies and its resolution of conflicts of interest) as reasonably requested by the Adviser from time to time. In the performance of its duties hereunder, the Subadviser is and shall be an independent contractor and except as expressly provided for herein or otherwise expressly provided or authorized shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed to be an agent of the Fund, the Trust or of the Adviser. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of a Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Trust or the Fund.

  • Dividend Reinvestment Plan Any and all expenses incident to any dividend reinvestment plan.

  • Educational Program A. DSST PUBLIC SCHOOLS shall implement and maintain the following characteristics of its educational program in addition to those identified in the Network Contract at DSST ▇▇▇▇ MIDDLE SCHOOL (“the School” within Exhibit A-3). These characteristics are subject to modification with the District’s written approval:

  • Program 3.01. The Borrower declares its commitment to the Program and its implementation. To this end, and further to Section 5.08 of the General Conditions: (a) the Borrower and the Bank shall from time to time, at the request of either party, exchange views on the Borrower’s macroeconomic policy framework and the progress achieved in carrying out the Program; (b) prior to each such exchange of views, the Borrower shall furnish to the Bank for its review and comment a report on the progress achieved in carrying out the Program, in such detail as the Bank shall reasonably request; and (c) without limitation upon the provisions of paragraphs (a) and (b) of this Section, the Borrower shall promptly inform the Bank of any situation that would have the effect of materially reversing the objectives of the Program or any action taken under the Program including any action specified in Section I of Schedule 1 to this Agreement.

  • Investment Promotion 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and admit such investments in accordance with its legislation. 2. In particular, each Contracting Party shall permit the conclusion and the carrying out of licensing agreements and contracts for commercial, administrative or technical assistance, in so far as these activities were related to investments.