Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party. 12.5
Appears in 2 contracts
Sources: Participation Agreement (Empire Fidelity Investments Variable Annuity Account A), Participation Agreement (Fidelity Investments Variable Annuity Account I)
Termination by Any Party. This Agreement may be terminated as to any Fund by any Party party at any time (A) by giving 30 days' ’ written notice to the other Parties parties in the event of a material breach of this Agreement by the other Party party or Parties parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Partyparty, (ii) by the non-assigning Party party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party. 12.5party.
Appears in 1 contract
Sources: Participation Agreement (TFLIC Separate Account VNY)
Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (Aa) by giving 30 days' written notice to the other Parties in the event of a material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) b)
(i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party. 12.5.
Appears in 1 contract
Sources: Participation Agreement (National Variable Life Insurance Account)
Termination by Any Party. This Agreement may be terminated as to any Fund by any Party at any time (A) by giving 30 days' written notice to the other Parties in the event of a an material breach of this Agreement by the other Party or Parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors Distributor by the NASD, the SEC or any other regulatory body provided that the terminating Party ▇▇▇▇▇ has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Party, (ii) by the non-non- assigning Party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party. 12.5.
Appears in 1 contract
Termination by Any Party. This Agreement may be terminated as to any Fund by any Party party at any time (A) by giving 30 days' written notice to the other Parties parties in the event of a material breach of this Agreement by the other Party party or Parties parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, Funds, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Partyparty, (ii) by the non-assigning Party party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-regulatory organization with jurisdiction over the terminating Party. 12.5party.
Appears in 1 contract
Sources: Participation Agreement (Ameritas Life Insurance Corp Separate Account Llva)
Termination by Any Party. This Agreement may be terminated as to any Fund by any Party party at any time (A) by giving 30 days' written notice to the other Parties parties in the event of a material breach of this Agreement by the other Party party or Parties parties that is not cured during such 30-day period, and (B) (i) upon institution of formal proceedings relating to the legality of the terms and conditions of this Agreement against the Account, Company, FundsFund, Adviser or Distributors by the NASD, the SEC or any other regulatory body provided that the terminating Party party has a reasonable belief that the institution of formal proceedings is not without foundation and will have a material adverse impact on the terminating Partyparty, (ii) by the non-assigning Party party upon the assignment of this Agreement in contravention of the terms hereof, or (iii) as is required by law, order or instruction by a court of competent jurisdiction or a regulatory body or self-self- regulatory organization with jurisdiction over the terminating Party. 12.5party.
Appears in 1 contract
Sources: Participation Agreement (Providian Life & Health Insurance Co Separate Account V)