Common use of Redemption Orders Clause in Contracts

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Order, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s Prospectus.

Appears in 23 contracts

Samples: Participation Agreement (Separate Account a of Pacific Life & Annuity Co), Participation Agreement (Separate Account a of Pacific Life & Annuity Co), Participation Agreement (Separate Account a of Pacific Life Insurance Co)

AutoNDA by SimpleDocs

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Orderorder, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s 's Prospectus.

Appears in 19 contracts

Samples: Participation Agreement (Variable Annuity 1 Series Account), Participation Agreement (Variable Annuity Account A), Participation Agreement (SBL Variable Annuity Account Xiv)

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Order, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s 's Prospectus.

Appears in 14 contracts

Samples: Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Agreement (Genworth Life & Annuity VA Separate Account 1)

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Orderorder, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s Prospectus.

Appears in 5 contracts

Samples: Participation Agreement (Variable Annuity Account A), Participation Agreement (SBL Variable Annuity Account Xiv), Agreement (Universal Institutional Funds Inc)

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Order, the Fund or its designee transfer agent will arrange for a federal funds wire transfer of the net redemption amount to a custodial bank account designated by the Company on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s 's Prospectus.

Appears in 5 contracts

Samples: Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Fund Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Fund Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M)

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Orderorder, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company by 3:00 p.m. Eastern Time on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s 's Prospectus.

Appears in 3 contracts

Samples: Participation Agreement (Nationwide Variable Account 7), Participation Agreement (Nationwide Variable Account 7), Participation Agreement (Nationwide VL Separate Account-G)

AutoNDA by SimpleDocs

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Orderorder, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company Standard by 4:00 p.m. on Day 2; the Fund may, however, if it deems appropriate, delay redemption or in no instance later than postpone payment to the time provided for in extent permitted by the applicable Portfolio’s Prospectus.

Appears in 2 contracts

Samples: Fund Participation Agreement (Standard Insurance Co), Fund Participation Agreement (Standard Insurance Co)

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Order, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a custodial account designated by the Company on Day 2, or in no instance later than the time provided for in the applicable Portfolio’s Prospectus. Upon receipt by the Company or such custodial account of the payment, such funds shall cease to be the responsibility of the Fund and shall become the responsibility of the Company.

Appears in 1 contract

Samples: Agreement (Universal Institutional Funds Inc)

Redemption Orders. In the case of Day 1 Trades that constitute a net redemption (including exchanges) Order, the Fund or its designee will arrange for a federal funds wire transfer of the net redemption amount to a toa custodial account designated by the Company on Day 2, or in no instance instant later than the time provided for in the applicable Portfolio’s Prospectus's prospectus. Opon receipt by the Company or such custodial account. of the payment, such fund shall cease to the responsibility of the Fund and shall become the responsibility of the Company. 3.

Appears in 1 contract

Samples: Participation Agreement (Old Mutual Financial Network Separate Account VA of Fidelity & Guaranty Life Insurance CO)

Time is Money Join Law Insider Premium to draft better contracts faster.