Pricing of Orders. If timely transmitted by Schwab in accordance with Section 5.a. above for regular processing, or in accordance with Section 5.b. above for exception processing upon notification, Fund Company agrees that (a) Day 1 Trades will be effected at the Share Price calculated as of Market Close on Day 1, and (b) Day 2 Trades will be effected at the Share Price calculated as of Market Close on Day 2. Fund Company agrees that, consistent with the foregoing, Day 1 Trades will have been received by the Fund prior to Market Close on Day 1, and Day 2 Trades will have been received by the Fund prior to Market Close on Day 2, for all purposes, including, without limitation, settlement and effecting distributions.
Appears in 3 contracts
Sources: Load Fund Operating Agreement (Seligman Core Fixed Income Fund, Inc), Load Fund Operating Agreement (JNL Investors Series Trust), Load Fund Operating Agreement (Alliancebernstein Large Cap Growth Fund Inc)