Common use of Trade Date Policy and Procedures Clause in Contracts

Trade Date Policy and Procedures. Orders for the purchase, redemption or exchange of VVIF Portfolio shares will be accorded a trade date (“T”) that is the date of receipt of the Instructions or Account transaction directions corresponding to the Order by the Intermediary or, subject to the requirements of Section 14 of the Agreement, a Designated UI, from the Policy owner or the Account, as appropriate, subject to the special rules provided in these DCC&S Operating/Contingency Procedures.