Common use of PROSPECTUS AND PROXY STATEMENTS; VOTING Clause in Contracts

PROSPECTUS AND PROXY STATEMENTS; VOTING. 3.1 FUND will provide COMPANY camera ready copy of the current FUND prospectus, and any supplements thereto for printing by COMPANY. FUND will provide COMPANY a copy of the statement of additional information for duplication. FUND will provide COMPANY copies of its proxy material suitable for printing. FUND will provide COMPANY annual and semi-annual reports and any supplements thereto, in camera-ready form. 3.2 COMPANY shall provide pass-through voting privileges to all variable contract owners so long as the Securities and Exchange Commission continues to interpret the 1940 Act to require such passthrough voting privileges for variable contract owners. COMPANY shall be responsible for assuring that each of its separate accounts participating in the FUND calculates voting privileges in a manner CONSISTENT with the 1940 Act. It is a condition of the Agreement that COMPANY will vote shares of FUND, for which it has not received voting instructions as well as shares attributable to COMPANY, in the same proportion as it votes shares for which it has received instructions.

Appears in 1 contract

Sources: Participation Agreement (Kilico Variable Separate Account/Il)

PROSPECTUS AND PROXY STATEMENTS; VOTING. 3.1 FUND will provide COMPANY camera ready copy of the current FUND prospectus, and any supplements thereto for printing by COMPANY. FUND will provide COMPANY a copy of the statement of additional information for duplication. FUND will provide COMPANY copies of its proxy material suitable for printing. FUND will provide COMPANY annual and semi-annual reports and any supplements thereto, in camera-ready form. 3.2 COMPANY shall provide pass-through voting privileges to all variable contract owners so long as the Securities and Exchange Commission continues to interpret the 1940 Act to require such passthrough pass-through voting privileges for variable contract owners. COMPANY shall be responsible for assuring that each of its separate accounts participating in the FUND calculates voting privileges in a manner CONSISTENT consistent with the 1940 Act. It is a condition of the Agreement that COMPANY will vote shares of FUND, for which it has not received voting instructions as well as shares attributable to COMPANY, in the same proportion as it votes shares for which it has received instructions.

Appears in 1 contract

Sources: Participation Agreement (American Skandia Trust)