Common use of Applicable Price Clause in Contracts

Applicable Price. The Parties agree that Portfolio share purchase and redemption orders resulting from Contract owner purchase payments, surrenders, partial withdrawals, routine withdrawals of charges, or other transactions under Contracts will be executed at the net asset values as determined as of the close of regular trading on the New York Stock Exchange on the Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than the Business Day prior to Distributor’s receipt of the corresponding orders for purchases and redemptions of Portfolio shares. For the purposes of this section, Insurer shall be deemed to be the designee of the Fund for receipt of such orders from holders of or applicants for Contracts, and receipt by Insurer shall constitute receipt by the Fund. All other purchases and redemptions of Portfolio shares by Insurer will be effected at the net asset values next computed after receipt by Distributor of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value information, the Insurer shall be entitled to an adjustment to the number of Shares purchased or redeemed to reflect the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day.

Applicable Price. The Parties agree that Portfolio share (a) Share purchase payments and redemption orders resulting that result from Contract owner purchase payments, surrenderspremium payments, partial withdrawals, routine withdrawals of charges, or surrenders and other transactions under Contracts will be executed at the net asset values as determined as of (collectively, "Contract transactions") and that LIFE COMPANY receives prior to the close of regular trading on the New York Stock Exchange on the a Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than will be executed at the Business Day prior to Distributor’s receipt net asset values of the corresponding orders for purchases and redemptions appropriate Funds next computed after receipt by SMFI or its designated agent of Portfolio sharesthe orders. For the purposes of this sectionSection 2.3(a), Insurer LIFE COMPANY shall be deemed to be the designee designated agent of the Fund SMFI for receipt of such orders from holders of or applicants for Contracts, relating to Contract transactions on each Business Day and receipt by Insurer such designated agent shall constitute receipt by SMFI; provided that SMFI receives notice of such orders by 9:00 a.m. Eastern Standard Time on the Fund. next following Business Day or such later time as computed in accordance with Section 2.1 (b) hereof. (b) All other Share purchases and redemptions of Portfolio shares by Insurer LIFE COMPANY will be effected at the net asset values of the appropriate Funds next computed after receipt by Distributor SMFI or its designated agent of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice . (by facsimile followed by written confirmationc) Notwithstanding any provision of the Agreement to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value informationcontrary, the Insurer Parties agree that SMFI shall determine the applicable price for Share orders attributable to Contracts funded by unregistered Accounts in accordance with Section 2.3(a) hereof, provided that LIFE COMPANY represents and warrants that it is legally or contractually obligated to treat such orders in the same manner as orders attributable to Contracts funded by registered Accounts. Each Share order placed by LIFE COMPANY that is attributable, in whole or in part, to Contracts funded by an unregistered Account, shall be entitled deemed to an adjustment constitute such representation and warranty by LIFE COMPANY unless the order specifically states to the number of Shares purchased or redeemed contrary. Otherwise, SMFI shall determine the applicable price for Share orders attributable to reflect Contracts funded by unregistered Accounts in accordance with Section 2.3(b) hereof. As used herein, an Account is registered if it is registered under the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day1940 Act.

Applicable Price. The Parties agree that Portfolio share purchase and redemption orders resulting from Contract owner purchase payments, surrenders, partial withdrawals, routine withdrawals of charges, or other transactions under Contracts will be executed at the net asset values as determined as of the close of regular trading on the New York Stock Exchange on the Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than the Business Day prior to Distributor’s 's receipt of the corresponding orders for purchases and redemptions of Portfolio shares. For the purposes of this section, Insurer shall be deemed to be the designee of the Fund for receipt of such orders from holders of or applicants for Contracts, and receipt by Insurer shall constitute receipt by the Fund. All other purchases and redemptions of Portfolio shares by Insurer will be effected at the net asset values next computed after receipt by Distributor of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value information, the Insurer shall be entitled to an adjustment to the number of Shares purchased or redeemed to reflect the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day.

Applicable Price. The Parties agree that Portfolio share purchase and redemption orders resulting from Contract owner purchase payments, surrenders, partial withdrawals, routine withdrawals of charges, or other transactions under Contracts will be executed at the net asset values as determined as of the close of regular trading on the New York Stock Exchange on the Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than the Business Day prior to Distributor’s receipt of the corresponding orders for purchases and redemptions of Portfolio shares. For the purposes of this section, Insurer shall be deemed to be the designee of the Fund for receipt of such orders from holders of or applicants for Contracts, and receipt by Insurer shall constitute receipt by the Fund. All other purchases and redemptions of Portfolio shares by Insurer will be effected at the net asset values next computed after receipt by Distributor of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value information, the Insurer shall be entitled to an adjustment to the number of Shares purchased or redeemed to reflect the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 . 01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day.

Applicable Price. The Parties agree that Portfolio share purchase and redemption orders resulting from Contract owner purchase payments, surrenders, partial withdrawals, routine withdrawals of charges, or other transactions under Contracts will be executed at the net asset values as determined as of the close of 3 regular trading on the New York Stock Exchange on the Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, agrees shall occur not earlier than the Business Day prior to Distributor’s 's receipt of the corresponding orders for purchases and redemptions of Portfolio shares. For the purposes of this section, Insurer shall be deemed to be the designee agent of the Fund for receipt of such orders from holders of or applicants for Contractsof contracts, and receipt by Insurer shall constitute receipt by the Fund. All other purchases and redemptions of Portfolio shares by Insurer Insurer, will be effected at the net asset values next computed after receipt by Distributor of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value information, the Insurer shall be entitled to an adjustment to the number of Shares purchased or redeemed to reflect the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser Fund in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day. If the net asset value is materially incorrect through no fault of the Company, the Company on behalf of each Separate Account, shall be entitled to an adjustment to the number of shares purchased or redeemed to reflect the correct net asset value in accordance with Fund procedures. Any material error in the net asset value shall be reported to the Company promptly upon discovery. Any administrative or other costs or losses incurred for correcting underlying Contract owner accounts shall be at Fund's expense.

Applicable Price. The Parties agree that Portfolio share (a) Share purchase payments and redemption orders resulting that result from Contract owner purchase payments, surrenderspremium payments, partial withdrawals, routine withdrawals of charges, or surrenders and other transactions under Contracts will be executed at the net asset values as determined as of (collectively, "Contract transactions") and that LIFE COMPANY receives prior to the close of regular trading on the New York Stock Exchange on the a Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than will be executed at the Business Day prior to Distributor’s receipt net asset values of the corresponding orders for purchases and redemptions appropriate Funds next computed after receipt by SMFI or its designated agent of Portfolio sharesthe orders. For the purposes of this sectionSection 2.3(a), Insurer LIFE COMPANY shall be deemed to be the designee designated agent of the Fund SMFI for receipt of such orders from holders of or applicants for Contracts, relating to Contract transactions on each Business Day and receipt by Insurer such designated agent shall constitute receipt by SMFI; provided that SMFI receives notice of such orders by 9:00 a.m. Eastern Standard Time on the Fund. next following Business Day or such later time as computed in accordance with Section 2.1 (b) hereof. (b) All other Share purchases and redemptions of Portfolio shares by Insurer LIFE COMPANY will be effected at the net asset values of the appropriate Funds next computed after receipt by Distributor SMFI or its designated agent of the order therefortherefore, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice . (by facsimile followed by written confirmationc) Notwithstanding any provision of the Agreement to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value informationcontrary, the Insurer Parties agree that SMFI shall determine the applicable price for Share orders attributable to Contracts funded by unregistered Accounts in accordance with Section 2.3(a) hereof, provided that LIFE COMPANY represents and warrants that it is legally or contractually obligated to treat such orders in the same manner as orders attributable to Contracts funded by registered Accounts. Each Share order placed by LIFE COMPANY that is attributable, in whole or in part, to Contracts funded by an unregistered Account, shall be entitled deemed to an adjustment constitute such representation and warranty by LIFE COMPANY unless the order specifically states to the number of Shares purchased or redeemed contrary. Otherwise, SMFI shall determine the applicable price for Share orders attributable to reflect Contracts funded by unregistered Accounts in accordance with Section 2.3(b ) hereof. As used herein, an Account is registered if it is registered under the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day1940 Act.

Applicable Price. The Parties agree that Portfolio share (a) Share purchase payments and redemption orders resulting that result from Contract owner purchase payments, surrenderspremium payments, partial withdrawals, routine withdrawals of charges, or surrenders and other transactions under Contracts will be executed at the net asset values as determined as of (collectively, “Contract transactions”) and that LIFE COMPANY receives prior to the close of regular trading on the New York Stock Exchange on the a Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than will be executed at the Business Day prior to Distributor’s receipt net asset values of the corresponding orders for purchases and redemptions appropriate Funds next computed after receipt by SMFI or its designated agent of Portfolio sharesthe orders. For the purposes of this sectionSection 2.3(a), Insurer LIFE COMPANY shall be deemed to be the designee designated agent of the Fund SMFI for receipt of such orders from holders of or applicants for Contracts, relating to Contract transactions on each Business Day and receipt by Insurer such designated agent shall constitute receipt by SMFI; provided that SMFI receives notice of such orders by 9:30 a.m. Eastern Standard Time on the Fund. next following Business Day or such later time as computed in accordance with Section 2.1 (b) hereof. (b) All other Share purchases and redemptions of Portfolio shares by Insurer LIFE COMPANY will be effected at the net asset values of the appropriate Funds next computed after receipt by Distributor SMFI or its designated agent of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice . (by facsimile followed by written confirmationc) Notwithstanding any provision of the Agreement to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value informationcontrary, the Insurer Parties agree that SMFI shall determine the applicable price for Share orders attributable to Contracts funded by unregistered Accounts in accordance with Section 2.3(a) hereof, provided that LIFE COMPANY represents and warrants that it is legally or contractually obligated to treat such orders in the same manner as orders attributable to Contracts funded by registered Accounts. Each Share order placed by LIFE COMPANY that is attributable, in whole or in part, to Contracts funded by an unregistered Account, shall be entitled deemed to an adjustment constitute such representation and warranty by LIFE COMPANY unless the order specifically states to the number of Shares purchased or redeemed contrary. Otherwise, SMFI shall determine the applicable price for Share orders attributable to reflect Contracts funded by unregistered Accounts in accordance with Section 2.3(b) hereof. As used herein, an Account is registered if it is registered under the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day1940 Act.

Applicable Price. The Parties agree that Portfolio share (a) Share purchase payments and redemption orders resulting that result from Contract owner purchase payments, surrenderspremium payments, partial withdrawals, routine withdrawals of charges, or surrenders and other transactions under Contracts will be executed at the net asset values as determined as of (collectively, "Contract transactions") and that LIFE COMPANY receives prior to the close of regular trading on the New York Stock Exchange on the a Business Day that Insurer receives such orders and processes such transactions, which, Insurer agrees, shall occur not earlier than will be executed at the Business Day prior to Distributor’s receipt net asset values of the corresponding orders appropriate Funds next computed after receipt by SMFI or its designated agent of the orders; unless LIFE COMPANY relies in good faith on applicable rules under the federal securities laws, including the1940 Act, which allow for purchases and redemptions of Portfolio sharescertain Contract transactions to be processed at a later date. For the purposes of this sectionSection 2.3(a), Insurer LIFE COMPANY shall be deemed to be the designee designated agent of the Fund SMFI for receipt of such orders from holders of or applicants for Contracts, relating to Contract transactions on each Business Day and receipt by Insurer such designated agent shall constitute receipt by SMFI; provided that SMFI receives notice of such orders by 9:30 a.m. Eastern Standard Time on the Fund. next following Business Day or such later time as computed in accordance with Section 2.1 (b) hereof. (b) All other Share purchases and redemptions of Portfolio shares by Insurer LIFE COMPANY will be effected at the net asset values of the appropriate Funds next computed after receipt by Distributor SMFI or its designated agent of the order therefor, and such orders will be irrevocable. The Adviser or its designee shall furnish same day notice . (by facsimile followed by written confirmationc) Notwithstanding any provision of the Agreement to the Insurer of all purchases or redemptions by the Insurer. If the Adviser provides materially incorrect net asset value informationcontrary, the Insurer Parties agree that SMFI shall determine the applicable price for Share orders attributable to Contracts funded by unregistered Accounts in accordance with Section 2.3(a) hereof, provided that LIFE COMPANY represents and warrants that it is legally or contractually obligated to treat such orders in the same manner as orders attributable to Contracts funded by registered Accounts. Each Share order placed by LIFE COMPANY that is attributable, in whole or in part, to Contracts funded by an unregistered Account, shall be entitled deemed to an adjustment constitute such representation and warranty by LIFE COMPANY unless the order specifically states to the number of Shares purchased or redeemed contrary. Otherwise, SMFI shall determine the applicable price for Share orders attributable to reflect Contracts funded by unregistered Accounts in accordance with Section 2.3(b) hereof. As used herein, an Account is registered if it is registered under the correct net asset value per Share (and, if and to the extent necessary, the Insurer shall make adjustments to the number of units credited or and/or unit values for the Contracts for the periods affected). Any error in the calculation or reporting of net asset value per Share, dividend or capital gains information greater than or equal to $.01 per share shall be reported immediately upon discovery to the Insurer. The Adviser or its designee shall furnish same day notice (by facsimile followed by written confirmation) to the Insurer of all dividends or capital gains distributions paid by the Portfolio(s). Insurer hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Insurer otherwise notifies the Adviser in writing, it being agreed by the Parties that the record date and the payment date with respect to any dividend or distribution will be the same Business Day1940 Act.