TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 11 contracts
Sources: Participation Agreement (American Equity Life Annuity Account), Participation Agreement (Farm Bureau Life Variable Account), Participation Agreement (Farm Bureau Life Variable Account)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 11 contracts
Sources: Shareholder Services Agreement (American Fidelity Separate Account B), Shareholder Services Agreement (American Separate Account 5), Shareholder Services Agreement (Conseco Variable Annuity Account C)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 8:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 8:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 5 contracts
Sources: Shareholder Services Agreement (Genworth Life & Annuity VA Separate Account 3), Shareholder Services Agreement (Ge Capital Life Separate Account Ii), Shareholder Services Agreement (Ge Capital Life Separate Account Ii)
TIMING OF TRANSACTIONS. Distributor Issuer hereby appoints the Company as its agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "“Exchange"”) and the Company are is open for business (each, a "“Business Day"”), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("“Orders"”). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "“Close of Trading"”) on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' ’ transfer agent by 9:30 9:00 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' ’ transfer agent after 9:30 9:00 a.m. Eastern time on the next Business Day, will be executed at the net asset value next determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' ’ transfer agent pursuant to the provisions set forth above is referred to herein as the "“Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them”.
Appears in 4 contracts
Sources: Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Shareholder Services Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 4 contracts
Sources: Shareholder Services Agreement (General American Life Insurance Co Separate Account Eleven), Shareholder Services Agreement (Massachusetts Mutual Variable Life Separate Account I), Shareholder Services Agreement (Kilico Variable Annuity Separate Account)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 8:30 a.m. Eastern time on the next Business Day Day, will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 8:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 4 contracts
Sources: Shareholder Services Agreement (Cova Variable Annuity Account Five), Shareholder Services Agreement (Cova Variable Annuity Account Five), Shareholder Services Agreement (Cova Variable Annuity Account One)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "“Exchange"”) and the Company are is open for business (each, a "“Business Day"”), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("“Orders"”). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "“Close of Trading"”) on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' ’ transfer agent by 9:30 8:00 a.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that the next Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' ’ transfer agent after 9:30 8:00 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' ’ transfer agent pursuant to the provisions set forth above is referred to herein as the "“Trade Date"”. All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 3 contracts
Sources: Participation Agreement (Ml of New York Variable Annuity Separate Account A), Participation Agreement (Ml of New York Variable Annuity Separate Account A), Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds Portfolios for the limited purpose of accepting purchase and redemption orders for Fund Portfolio shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds Portfolios ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the FundsPortfolios' transfer agent by 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the FundsPortfolios' transfer agent after 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the FundsPortfolios' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds Portfolios in the sole discretion of either of them.
Appears in 2 contracts
Sources: Shareholder Services Agreement (American Separate Account 5), Shareholder Services Agreement (Safeco Resource Series Trust)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "“Exchange"”) and the Company are is open for business (each, a "“Business Day"”), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("“Orders"”). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "“Close of Trading"”) on any given Business Day (currently, 4:00 4: 00 p.m. Eastern time) and transmitted to the Funds' ’ transfer agent by 9:30 9: 30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that the immediately prior Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' ’ transfer agent after 9:30 9: 30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such OrderOrder by the Funds’ transfer agent. The day as of which an Order is executed by the Funds' ’ transfer agent pursuant to the provisions set forth above is referred to herein as the "‘Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them”.
Appears in 2 contracts
Sources: Shareholder Services Agreement (Principal Life Insurance Co Separate Account B), Shareholder Services Agreement (Principal Life Insurance Co Variable Life Sep Account)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "“Exchange"”) and the Company are is open for business (each, a "“Business Day"”), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("“Orders"”). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "“Close of Trading"”) on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' ’ transfer agent by 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' ’ transfer agent after 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' ’ transfer agent pursuant to the provisions set forth above is referred to herein as the "“Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them”.
Appears in 2 contracts
Sources: Shareholder Services Agreement (C M Life Variable Life Separate Account I), Shareholder Services Agreement (Massachusetts Mutual Variable Life Separate Account I)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that the Business DayDay the Orders were received by the Company. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 2 contracts
Sources: Shareholder Services Agreement (Variable Account B American Intl Life Assur Co of New York), Shareholder Services Agreement (Variable Account Ii Aig Life Insurance Co)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 9:00 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that the prior Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 9:00 a.m. Eastern time on the next Business Day, will .. be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (National Variable Life Insurance Account)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from 6om the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from 6om the Contract owners for the purchase or redemption of shares of the Funds ("Orders"Orders7'). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that the immediately prior Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such OrderOrder by the Funds' transfer agent. The day as of which whch an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "'Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (Principal National Life Insurance Co Variable Life Separate Account)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 8:00 a.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that the next Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 8:00 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Participation Agreement (Ml of New York Variable Annuity Separate Account A)
TIMING OF TRANSACTIONS. Distributor Fund Parties hereby appoints appoint the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds Fund Parties in the their sole discretion of either of themdiscretion.
Appears in 1 contract
Sources: Shareholder Services Agreement (American Separate Account 5)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. 10:00 p.m. Eastern time on the next such Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor ACIM or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (Valley Forge Life Insurance Co Variable Life Separate Accoun)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 9.00 a.m. Eastern time on the next Business Day Day, will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 9.00 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Participation Agreement (First Variable Annuity Fund E)
TIMING OF TRANSACTIONS. Distributor ACIM hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. am. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that the immediately prior Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such OrderOrder by the Funds' transfer agent. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (Principal Life Insurance Co Variable Life Sep Account)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 7:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 7:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (Pan American Assurance Co Variable Life Separate Account)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company Society as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company Society are open for business (each, a "Business Day"), the Company Society may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company Society prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that Business Day. Any Orders received by the Company Society on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Participation Agreement (Modern Woodmen of America Variable Annuity Account)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. Eastern time on of the next following Business Day will be executed at the net asset value determined as of the Close of Trading on that such Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on of the next following Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (Provident Mutual Variable Life Separate Account)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 10:00 a.m. Eastern time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on that the Business Day. Any Day on which the Orders are received and accepted by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such OrderCompany. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (Usl Separate Account Usl Vl-R)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract ownersAccount. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners Account for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 8:00 a.m. Eastern time on the next such Business Day will be executed at the net asset value determined as of the Close of Trading on that the next Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 8:00 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account D)
TIMING OF TRANSACTIONS. Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are is open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 3:00 p.m. Eastern Central time) and transmitted to the Funds' transfer agent by 9:30 9:00 a.m. Eastern Central time on the next following Business Day will be executed at the net asset value determined as of the Close of Trading on that the previous Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 9:00 a.m. Eastern Central time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.
Appears in 1 contract
Sources: Shareholder Services Agreement (JPF Variable Annuity Separate Account)