Document:

EX-4.C

 Exhibit (4)(C)

TIAA-CREF Life Insurance Company (TIAA-CREF Life) 

730 Third Avenue, New York, N.Y. 10017-3206 Telephone: [1-877-694-0305] 

Endorsement to Your TIAA-CREF Life Annuity Contract 

Effective Date: [Attached at issue / Specific Date] 

This endorsement is part of your contract with TIAA-CREF Life. Please read this endorsement and attach it to your contract. 

Your contract is modified as follows: 
 Notwithstanding
any other provision in your contract, no transaction available to you may be made effective on a day that is not a business day, except as follows: when a business day is the last day of a calendar month, annuity income payments may begin on the
next day even when it is a non- business day. If the first day of a month does not follow a business day, your annuity starting date may be scheduled to occur on the second business day of such month. Any previously scheduled annuity starting date
not consistent with these requirements will have to be changed before annuity payments can commence. 
  

									
	 	 	 	 	 

 President
	 	 	 	 
	   
	 	  
	 	 	   

	 	 		 	 		 	
     

	 	 		 		 		 	 

 TIAA-CREF Life Insurance Company 

[730 Third Avenue, New York, N.Y. 10017-3206 Telephone: 1-877-694-0305] 

Endorsement to Your TIAA-CREF Life Annuity Contract 

This endorsement is part of your contract with TIAA-CREF Life Insurance Company and should be attached to it. 

The following language clarifies language in the contract to which this endorsement is attached. 

If anything in the contract or any other endorsement conflicts with the provisions of this endorsement, the terms of this endorsement shall control. All
references in this endorsement to “contract” mean the contract to which this endorsement is attached. The contract and any endorsement or rider to the contract shall in all events be interpreted and administered in accordance with section
72(s) of the Internal Revenue Code of 1986, as amended (the “Code”). 
 Death of Any Owner Before Annuity Starting Date. If any owner of
this contract dies while the contract is in force and before the annuity starting date, the following provisions shall apply: 
 Except as provided in
(b) and (c) below, the entire interest in the contract will be distributed in a lump-sum no later than the earlier of (i) the date required by the contract, and the fifth anniversary of the owner’s death. 

(i) If the terms of the contract so permit, a designated beneficiary may elect to have his or her interest in the contract distributed over his or her life,
or over a period not extending beyond his or her life expectancy, provided that such distributions begin no later than one year after the owner’s death. 

If the terms of the contract do not provide for an election such as that described in (b)(i), a designated beneficiary shall have an option to receive an
annuity described in (b)(iii), provided that such option is exercised within 60 days of the owner’s death and that the designated beneficiary’s entire interest in the contract is applied to such annuity. Alternatively, the owner may
include in a beneficiary designation the election of the annuity form of death benefit described in (b)(iii). Any such election will become irrevocable on any owner’s date of death. 

The annuity referenced in (b)(ii) will be an individual single premium immediate annuity contract that is being offered for sale by TIAA-CREF Life Insurance
Company on the date that the option is elected. The annuity will distribute the designated beneficiary’s entire interest in the contract over his or her life, or over a period not extending beyond his or her life expectancy, with such
distributions beginning no later than one year after the owner’s death. If more than one such annuity contract is being offered for sale by TIAA-CREF Life Insurance Company on the date the option is elected, the option will apply to the annuity
contract selected by TIAA-CREF Life Insurance Company to provide each type of death benefit settlement elected under (b)(ii). If no such annuity is being offered for sale by TIAA- CREF Life Insurance Company on the owner’s date of death, any
owner election described in (b)(ii) will be void and the death benefit will be distributed in a lump sum as provided in (a). 

 
If the sole designated beneficiary under the contract is the deceased owner’s surviving spouse and if the terms of the contract so permit, the contract will continue and no death benefit
will be paid, unless such surviving spouse elects within 60 days of the date we receive due proof of death to receive the entire interest in the contract under either (a) or (b) of this paragraph. If the contract is continued, the deceased
owner’s spouse will become the new owner of the contract and, if the deceased owner was also the annuitant, the deceased owner’s spouse will also be the annuitant. A surviving spouse can continue the contract only once and the contract
cannot be continued again on or after the surviving spouse’s death. 
 If the deceased owner was also an annuitant, the death benefit will be paid
pursuant to the distribution provisions of this paragraph (1) without regard to any contract provision regarding the payment of the death benefit when an annuitant dies before the annuity starting date. 

Death of Any Owner on or After Annuity Starting Date. If any owner, annuitant, or payee dies on or after the annuity starting date and before the
entire interest in the contract has been distributed, the remaining portion of such interest will be distributed at least as rapidly as under the method of distributions being used as of the date of such individual’s death. 

Non-Natural Owner. If any owner of this contract is not an individual, the death or change of any annuitant (if such a change is permitted under the
contract) shall be treated as the death of an owner and subject to the requirements of paragraph 1 or 2 above, as applicable. 
 Definitions. For
purposes of this endorsement, the term “annuity starting date” means an “annuity starting date” as defined by Code section 72(c)(4) and the regulations thereunder and the term “designated beneficiary” means a
“designated beneficiary” as defined by Code section 72(s)(4). 
 Effect of Endorsement. This endorsement limits the otherwise
applicable terms of the contract to the extent necessary to comply with section 72(s) of the Code. Payments and distributions under the contract shall be made in a time and manner necessary to maintain the status of the contract as an annuity under
the applicable provisions of the Code. We reserve the right to amend the contract to reflect any clarifications that may be needed or are appropriate to maintain such a status or to conform the contract to any applicable changes in the tax
qualification requirements. We will send you a copy of any such amendment, and when required by law, we will obtain the approval of the appropriate regulatory authority. Nothing in this endorsement creates additional distribution options or other
rights not otherwise expressly set forth in the contract to which it is attached. 
 The endorsement is effective as of the Date of Issue of this contract.EX-10.E

 Exhibit (10)(E)

TIAA-CREF LIFE INSURANCE COMPANY 

$100,000,000 
 Unsecured
Adjustable Rate Notes 
 NOTE PURCHASE AGREEMENT 

Dated as of April 2, 2001 
  

 TIAA-CREF LIFE INSURANCE COMPANY 

Unsecured Adjustable Rate Notes 

Dated as of April 2, 2001 
 TEACHERS INSURANCE
AND ANNUITY 
 ASSOCIATION OF AMERICA 
 730 Third Avenue 

New York, New York 10017 
 Ladies and Gentlemen: 

TIAA-CREF LIFE INSURANCE COMPANY, a New York corporation (“T-C Life”), agrees with TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York
corporation (“TIAA”), as follows: 
 T-C Life has requested that TIAA make loans to it in an aggregate principal amount not exceeding $100,000,000
outstanding at any one time for liquidity and cash management purposes and not for any other business purpose, and TIAA is prepared to make such loans upon the terms and conditions hereof. 

1. AUTHORIZATION OF NOTES. 
 T-C Life will authorize the issue
and sale of $100,000,000 aggregate principal amount (the “Aggregate Facility Amount”) of its Unsecured Adjustable Rate Notes (the “Notes”). As used herein, the term “Notes” includes all notes originally issued pursuant
to this Agreement and any other notes issued in substitution therefor. The Notes shall be substantially in the form of Exhibit 1 hereto, with such changes therefrom, if any, as may be approved by TIAA and T-C Life. Except as otherwise defined
herein, capitalized terms used in this Agreement shall have the respective meanings assigned thereto in Section 10. 
 2. SALE AND PURCHASE OF NOTES.

 Subject to the terms and conditions hereof, T-C Life will issue and sell, and TIAA will purchase, Notes evidencing the aggregate indebtedness of T-C Life
to TIAA in respect of Advances made from time to time during the Draw Availability Period; provided, however, that at no time shall the aggregate principal amount of the Notes exceed the sum of the Committed Amount and Uncommitted Amounts, which
together shall equal the Aggregate Facility Amount. 
 3. CLOSING; ADVANCES. 

3.1. Closing. The sale and purchase of the Note to be purchased by TIAA shall occur at the offices of TIAA, 730 Third Avenue, New York, New York 10017 at
10:00 A.M., New York City time, on April 2, 2001 (the “Closing”). At the Closing (i) T-C Life will deliver to TIAA the Notes to be purchased by TIAA in the form of a single Note dated the date of the Closing and registered in
TIAA’s name, in an aggregate principal amount equal to the Aggregate Facility Amount, and (ii) if T-C Life has delivered a Draw Notice as provided in Section 3.3(b), TIAA shall make the initial Advance in same day funds in the amount
of and for the account of T-C Life as specified in such Draw Notice. 

 3.2. Advances. TIAA agrees, on the terms and conditions hereinafter set forth, to make advances from time to time
on any Business Day to T-C Life (each, an “Advance”) during the period from the Closing until the Maturity Date (the “Draw Availability Period”), or during the Extended Draw Availability Period pursuant to Section 4.4(b), in
an aggregate amount not to exceed at any time outstanding the Committed Amount or, at TIAA’s discretion, in an aggregate amount not to exceed at any time outstanding the Uncommitted Amounts; provided, however, that in no event shall the total
amount of Advances exceed the Aggregate Facility Amount. 
 3.3. Procedure for Making Advances. (a) Each Advance shall be in an aggregate amount not
less than $1,000,000 or an integral multiple of $500,000 in excess thereof (or if the Aggregate Facility Amount available is less than $1,000,000, such lesser amount). Within-the limits of the Aggregate Facility Amount, T-C Life may from time to
time borrow, prepay pursuant to Section 5.2 and reborrow, subject to (i) the fulfillment to TIAA’s satisfaction of the conditions in Section 6.2 in the case of any Advance, and (ii) TIAA’s option to terminate its
commitment pursuant to Section 4.5. Each Advance made during the Draw Availability Period (or the Extended Draw Availability Period, if applicable) shall mature and become due and payable on the Maturity Date as provided in Section 5.1 and
the Notes. 
 (b) Each Advance shall be made on notice, given not later than 11:00 A.M. (New York City time) on the date of such advance, by T-C Life to TIAA. Each such notice (a “Draw Notice”) shall be in writing, specifying therein (i) the date of such Advance, and (ii) the aggregate amount of such Advance. If such requested amount
exceeds the Committed Amount, upon receipt of the Draw Notice, TIAA shall give T-C Life notice no later than 1:00 P.M. (New York City time) on the date of such requested Advance as to whether it declines to make an Advance of Uncommitted Amounts.
TIAA’s decision to make Advances of Uncommitted Amounts shall be in its sole discretion. 
 (c) On each funding date of a requested Advance, TIAA shall
deliver in same day funds, before 4:00 P.M. (New York City time), all Advances of the Committed Amount and any Advance of Uncommitted Amounts; provided, however, in no event shall the aggregate amount of Advances made by TIAA exceed the Aggregate
Facility Amount. 
 4. INTEREST RATE; COMMITMENT FEE. 
 4.1.
Ordinary Interest. T-C Life shall pay interest on the unpaid principal amount of each Advance, from the date of such Advance until such principal amount shall be paid in full, at a rate per annum equal to the Federal Funds Effective Rate plus the
Applicable Margin (the “Interest Rate”). Interest shall be calculated on the basis of a 360-day year of twelve 30-day months and shall be payable in arrears on the maturity of the Notes (or on the prepayment date with respect to principal
amounts being prepaid pursuant to Section 5.2. Any change in the interest rate on the Notes resulting from a change in the Federal Funds Effective Rate shall become effective as of the Business Day such change becomes effective. 

4.2. Default Interest. Notwithstanding the foregoing, if any Event of Default shall have occurred and be continuing, T-C Life shall pay interest on the unpaid
principal amount of each Advance owing to TIAA, payable on demand, at a rate equal at all times to two percent (2%) per annum above the rate required to be paid on such Advance pursuant to Section 4.1 (the “Default Rate”). As
provided in the Notes, any overdue payment of principal and any overdue payment of interest shall accrued interest at the Default Rate. 
 4.3. Commitment
Fee. T-C Life agrees to pay to TIAA a commitment fee which will accrue at the rate of 0.05% per annum (computed on the basis of a 360- day year of twelve 30-day months) on the daily amount of 

 
the undrawn Committed Amount for the period from and including the Closing Date to the Termination Date. Accrued commitment fees shall be payable in arrears on the last day of March, June,
September, December, and on the Termination Date. There shall be no commitment fee for undrawn Uncommitted Amounts remaining under the facility. 
 4.4.
Termination; Extension of Commitment. (a) TIAA’s commitment to make Advances shall terminate (the “Termination Date”) on the earliest to occur of (i) the Maturity Date, (ii) the date TIAA elects to exercise its option
to terminate its commitment pursuant to Section 4.5, if the Notes become subject to prepayment in full pursuant to Section 5.2, and (iii) the date on which the Notes shall have become due and payable in accordance with Section 9.

 (b) Upon the maturity of the Notes pursuant to Section 5.1, TIAA’s commitment to make Advances during the Draw Availability Period pursuant to
the same terms and conditions of this Agreement shall be automatically extended for an additional 364 days from the Maturity Date (the “Extended Draw Availability Period”), unless either T-C Life or TIAA delivers a written notice to
the other party, given at least 30 days prior to the Maturity Date, that it elects not “to extend TIAA’s commitment. 
 4.5. Option to Terminate
Commitment. TIAA shall have the option, but shall not be obligated, to make further Advances during a Draw Availability Period if the Notes become subject to prepayment in full pursuant to Section 5.2. If TIAA elects to terminate its commitment
to make Advances pursuant to this Section 4.5, it shall deliver a written notice to T-C Life specifying therein (i) the Termination Date, and (ii) that the commitment is being terminated pursuant to this section. 

5. PAYMENT AND PREPAYMENT OF THE NOTES. 
 5.1. Maturity. As
provide therein, the entire unpaid principal amount of the Notes shall be due and payable on the Maturity Date. 
 5.2. Optional Prepayments. T-C Life may,
at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than $500,000 or an integral multiple of $100,000 in excess thereof, without premium or penalty. T-C Life shall
give TIAA written notice of each optional prepayment under this Section 5.2 not less than one Business Day prior to the date fixed for such prepayment. Each such notice shall specify the prepayment date, the aggregate principal amount of the
Notes to be prepaid on such date, and the accrued interest to be paid on the prepayment date with respect to such principal amount being prepaid. In the case of each prepayment of Notes pursuant to this Section 5.2, the principal amount of each
Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment. In the event of any partial prepayment pursuant to this Section 5.2, the principal amount of the Notes to be prepaid shall be allocated first,
among all outstanding Notes representing Uncommitted Amounts, if any, and second, among outstanding Notes representing the Committed Amount. 
 6.
CONDITIONS. 
 6.1. Conditions Precedent to Closing. On or prior to the Closing, each of the following conditions is subject to the fulfillment to
TIAA’s satisfaction: 
 (a) Authorization. This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of T-C
Life, and this Agreement constitutes, and upon execution and delivery the Notes will constitute, a legal, valid and binding obligation of T-C Life enforceable against T-C Life in accordance with its terms. 

(b) Representation and Warranties. The representation and warranties made by T-C Life in this Agreement shall be correct when made and at the time of the
Closing. 

 (c) Performance; No Default. T-C Life shall have performed all agreements and complied with all conditions herein
contained in this Agreement required to be performed or complied with by it prior to or at the Closing and, after giving effect to the issue and sale of the Notes, no Default or Event or Default shall have occurred and be continuing. 

(d) Compliance Certificates. T-C Life shall have delivered to TIAA an Officer’s Certificate, dated the date of the Closing, certifying that the
conditions specified in Sections 6.1(a), 6.1(b) and 6.1(c) have been fulfilled. 
 (e) Legality. TIAA’s purchase of Notes shall (i) be permitted
by the laws and regulations of each jurisdiction to which TIAA is subject (without recourse to any basket provision or leeway of such laws, such as Section 1405(a)(8) of the New York Insurance Law), and (ii) not subject TIAA to any tax,
penalty, liability under or pursuant to any applicable law or regulation, which law or regulation was not in effect on the date hereof. 
 (f) Private
Placement Number. TIAA shall have received satisfactory evidence that a private placement number with respect to the Notes has been obtained from, or an application for such number shall have been made to, Standard & Poor’s
Corporation’s CUSIP Service Bureau. 
 6.2. Conditions Precedent to each Advance. TIAA’s obligation to make an Advance to T-C Life is subject to
Section 3.3(b), and to the fulfillment to TIAA’s satisfaction of the following conditions: 
 (a) Draw Notice. TIAA shall have received from T-C
Life a Draw Notice delivered in accordance with Section 3.3(b) in respect of the Advance to occur pursuant to such notice. 
 (b) Issuance of the Note.
The Notes to be delivered by T-C Life to TIAA pursuant to Section 3.1 shall have been so delivered. 
 (c) Representations and Warranties. The
representations and warranties made by T-C Life in this Agreement shall be correct when made and at the time of such Advance. 
 (d) No Default. At the time
of such Advance and after giving effect to the consummation of the transactions contemplated herein on the date of such Advance, no Default or Event of Default shall have occurred and be continuing. 

7. REPRESENTATIONS AND WARRANTIES. 
 T-C Life represents and
warrants to TIAA that: 
 7.1. Organization; Power and Authority. T-C Life is a corporation duly organized and validly existing and in good standing under
the laws of its jurisdiction of incorporation. T-C Life has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact business it transacts and proposes to transact, to execute
and deliver this Agreement and the Notes and to perform the provisions hereof and thereof. 
 7.2. Authorization, etc. This Agreement and the Notes have
been duly authorized by all necessary corporate action on the part of T-C Life, and this Agreement constitutes, and upon execution and delivery thereof the Notes will constitute, a legal, valid and binding obligation of T-C Life enforceable against
T-C Life in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, 

 
reorganization, moratorium or other similar laws affecting the enforcement of creditor’s rights generally, and (ii) general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law). 
 7.3. No Default. T-C Life is not in violation of any law, rule, regulation, order,
writ, judgment, injunction, decree, determination or award, or in breach of any contractual restriction binding upon it, except for such violation or breach which would not have a Material Adverse Effect. 

8. AFFIRMATIVE COVENANTS. 
 8.1. Conduct of Business;
Maintenance of Existence. T-C Life will remain primarily engaged in the business it is engaged in at the time of the Closing and it will maintain its corporate existence and take all reasonable action to maintain its rights, privileges and
franchises necessary or desirable in the normal conduct of its business. 
 8.2. Compliance with Laws. T-C Life will comply with all laws, ordinances or
governmental rules and regulations to which it is subject, and will obtain and maintain in effect all licenses, certificates, permits, franchises and other governmental authorizations necessary to the ownership of its properties or to conduct its
business in each case to the extent necessary to ensure that non-compliance with such laws, ordinances, rules and regulations or failures to obtain or maintain in effect such licenses, certificates, permits, franchises and other governmental
authorizations would not have a Material Adverse Effect. 
 8.3. Payment of Obligations. T-C Life will pay, discharge or otherwise satisfy at or before
maturity or before they become delinquent, as the case may be, all its obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and adequate reserves have been
provided on the books of T-C Life. 
 8.4. Maintenance of Properties. T-C Life will maintain and preserve all of its properties that are used or useful in
the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where failure to do so would not have a Material Adverse Effect. 

8.5. Maintenance of Insurance. T-C Life will maintain appropriate and adequate insurance with responsible and reputable insurance companies or associations or
with self-insurance programs to the extent consistent with its prudent practices or otherwise customary in its industry in such amounts and covering such risks as is customary in the industry in which it operates. 

8.6. Use of Proceeds. T-C Life will use the proceeds of the Advances hereunder solely for liquidity and cash management purposes. 

8.7. Inspection of Properties; Books and Records. T-C Life will permit representatives of TIAA to inspect any of T-C Life’s properties and examine and
make abstracts from any of its books and records and to discuss the business, operations, properties and financial and other conditions of T-C Life with officers and employees of T-C Life and with its independent public accountants. T-C Life will
keep proper books of record and account as are necessary to prepare financial statements in accordance with statutory accounting procedures and practices prescribed or permitted by the New York Insurance Department, in which full and correct entries
shall be made of all financial transactions and the assets and business of T-C Life. 
 8.8. Notices. T-C Life will furnish to TIAA, promptly after request
therefor, such business and financial information with respect to its condition or operations, financial or otherwise. T-C Life will promptly give notice to TIAA of (i) the occurrence of any Default or Event of Default with respect to T-C Life,
(ii) any 

 
litigation or proceeding affecting T-C Life in which the amount reasonably determined to be at risk could have a Material Adverse Effect, and (iii) any other development or event which could
reasonably be expected to have a Material Adverse Effect on T-C Life. 
 9. EVENTS OF DEFAULT 

If any of the following events (“Events of Default”) shall occur and be continuing (whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or by operation of law or otherwise): 
 (a) T-C Life shall fail to pay any principal of any Advance when the same becomes
due and payable, whether at maturity, or at a date fixed for prepayment, or by acceleration, declaration or otherwise; or T-C Life shall fail to pay any interest on any Advance when due and such failure remains unremedied for five Business Days; or

 (b) T-C Life fails to pay any other amounts due hereunder, including, without limitation, any portion of the commitment fee, when and as the same become
due and payable, and such have default continued for a period of five days; or 
 (c) Any representation or warranty made by T-C Life herein in connection
with this Agreement shall prove to have been false or incorrect in any material respect when made; or 
 (d) T-C Life shall fail to perform or observe any
term, covenant or agreement in this Agreement on its part to be performed or observed, and such failure remains unremedied for 30 days after T-C Life has knowledge of such default, through notice or otherwise; or 

(e) T-C Life shall generally not pay its debts as such debts become due, admit in writing its inability to pay its debts generally, make a general assignment
for the benefit of creditors; or any proceeding shall be instituted by or against T-C Life seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding-up, reorganization, arrangement, adjustment, or insolvency; or any
proceeding shall be instituted by or against T-C Life seeking the entry of an order for relief or appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and assets and, in the case
of any such proceeding instituted against T- C Life, such proceeding shall remain undismissed or unstayed for a period of 60 days; 

then, and in any such event, (A) if an Event of Default described in paragraph (e) of this Section 9 has occurred, the obligation of TIAA to
make an Advance shall automatically be terminated and the Notes, and all interest and all other amounts owing under this Agreement, shall automatically become due and payable, (B) if such event is any other Event of Default TIAA may, by written
notice to T-C Life, declare its commitment to make Advances terminated and its Notes purchased hereunder, and all other amounts owing under this Agreement, to be due and payable forthwith, without presentment, demand, protest or any other notice of
any kind, all of which are hereby expressly waived by T-C Life. 

	10.	DEFINITIONS. 

 As used in this Agreement, the following terms shall have the following meanings (such meanings
to be equally applicable in both the singular and plural forms of the terms defined): 
 “Advance” as defined in Section 3.2. 

“Aggregate Facility Amount” as defined in Section 1. 

“Agreement” means this Note Purchase Agreement, as amended, restated, supplemented or otherwise modified from time to time. 

“Applicable Margin” means (i) for any Advance that is a Committed Amount, 0.05% per annum (or such higher amounts that reflect TIAA’s
costs of funds, as evidenced by a written notice to T-C Life describing in detail the nature of such costs of funds), and (ii) for any Advance that is Uncommitted Amounts, 0.10% per annum. 

“Business Day” means any day except a Saturday or Sunday or other day on which commercial banks in New York City are required or authorized to
close. 
 “Closing” as defined in Section 3.1. 

“Committed Amount” means, in respect of the Aggregate Facility Amount, the initial $30,000,000 of such facility which TIAA, subject to the terms and
conditions of this Agreement, is obliged to Advance. 
 “Default” means any event or condition that upon notice, lapse of time or both would
become an Event of Default. 
 “Default Rate” as defined in Section 4.2. 

“Draw Availability Period” as defined in Section 3.2. 

“Event of Default” as defined in Section 9. 

“Extended Draw Availability Period” as defined in Section 4.4(b). 

“Federal Funds Effective Rate” means, for any day, a fluctuating interest rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York,
or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by TIAA from three Federal funds brokers of recognized standing selected by TIAA. 

“Interest Rate” as defined in Section 4.1. 

“Material Adverse Effect” means a material adverse effect on the business, condition (financial or otherwise) or results of operations of T-C Life,
or the legality, validity or enforceability of this Agreement or the Notes. 
 “Maturity Date” means (i) the date 364 days from the Closing
during the Draw Availability Period or, (ii) in case TIAA’s commitment to make Advances is extended pursuant to Section 4.4(b), the date which is 364 days from the Maturity Date during the Extended Draw Availability Period or,
(iii) the date fixed for any prepayment pursuant to Section 5.2. 

 “Notes” as defined in Section 1. 

“Termination Date” as defined in Section 4.4. 

“Uncommitted Amounts” means, in respect of the Aggregate Facility Amount, any amount over and above the Committed Amount. 

11. MISCELLANEOUS 
 11.1. Amendment and Waiver. This Agreement
and the Notes may be amended, and observance of any term hereof or of the Notes may be waived with the written consent of T-C Life and TIAA. 

11.2.Successors and Assigns. This Agreement shall be binding upon an inure to the benefit of T-C Life and its permitted successors and assigns, and to TIAA
and its successors and assigns. T-C Life shall not assign or transfer any of its rights or obligations under this Agreement without the written consent of TIAA. 

11.3. Severability. In case any one or more of the provisions contained in this Agreement or in any instrument contemplated hereby, or any application
thereof, shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein, and any other application thereof, shall not in any way be affected or impaired
thereby. 
 11.4. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together
shall constitute one instrument. 
 11.5. Governing Law. This Agreement and the Notes shall be governed by and construed in accordance with the laws of the
State of New York. 
 If you are in agreement with the foregoing, please sign the form of acceptance in the space provided below whereupon this Agreement
shall become a binding agreement between T-C Life and TIAA. 
 Very truly yours, 

/s/ TIAA-CREF LIFE INSURANCE COMPANY 
 Accepted and
Agreed: 
 /s/ TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]