TIMING OF TRANSACTIONS. Issuer hereby appoints the Company as its agent 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") 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 9:00 a.
Appears in 2 contracts
Sources: Shareholder Services Agreement (Guardian Separate Account K), Shareholder Services Agreement (Guardian Separate Account K)
TIMING OF TRANSACTIONS. Issuer Distributor 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 New York Stock Exchange (the "Exchange") is open for business (each, a each "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 9:00 a.
Appears in 1 contract
Sources: Shareholder Services Agreement (Metlife of Ct Fund Ul Iii for Variable Life Insurance)