Common use of Pricing of Orders Clause in Contracts

Pricing of Orders. If timely transmitted by JPMS in accordance with Section 4.a. above for regular processing, or in accordance with Section 4.b. above for exception processing upon notification, Fund Company agrees that (a) Day 1 Trades will be effected at the NAV of each Fund’s shares calculated as of Market Close on Day 1, and (b) Day 2 Trades will be effected at the NAV 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.