Common use of Central time each Business Day Clause in Contracts

Central time each Business Day. 1.9 The Fund agrees that its Portfolio shares will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Mixed Funding Exemptive Order. The Fund agrees that it will not sell shares of its Portfolios to any other insurance company or separate account unless an agreement containing provisions substantially the same as Section 2.4 and Articles I and V of this Agreement is in effect to govern sales. No shares of any Portfolio will be sold directly to the general public. Minnesota Life agrees that it will use Fund shares only for the purposes of funding the Variable Insurance Products through the Accounts listed in Schedule A, as amended from time to time.

Appears in 2 contracts

Samples: Participation Agreement (Minnesota Life Variable Universal Life Account), Participation Agreement (Advantus Series Fund Inc)

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Central time each Business Day. 1.9 The Fund agrees that its Portfolio shares will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Mixed and Shared Funding Exemptive Order. The Fund agrees that it will not sell shares of its Portfolios to any other insurance company or separate account unless an agreement containing provisions substantially the same as Section 2.4 and Articles I and V of this Agreement is in effect to govern sales. No shares of any Portfolio will be sold directly to the general public. Minnesota Life The Company agrees that it will use Fund shares only for the purposes of funding the Variable Insurance Products through the Accounts listed in Schedule A, as amended from time to time.

Appears in 2 contracts

Samples: Participation Agreement (Advantus Series Fund Inc), Participation Agreement (Legacy Builder Variable Life Separate Account)

Central time each Business Day. 1.9 The Fund agrees that its Portfolio shares will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Mixed and Shared Funding Exemptive Order. The Fund agrees that it will not sell shares of its Portfolios to any other insurance company or separate account unless an agreement containing provisions substantially the same as Section 2.4 and Articles I and V of this Agreement is in effect to govern sales. No shares of any Portfolio will be sold directly to the general public. Minnesota Northstar Life agrees that it will use Fund shares only for the purposes of funding the Variable Insurance Products through the Accounts listed in Schedule A, as amended from time to time.

Appears in 1 contract

Samples: Participation Agreement (Northstar Life Variable Universal Life Account)

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Central time each Business Day. 1.9 The Fund agrees that its Portfolio shares will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Mixed and Shared Funding Exemptive Order. The Fund agrees that it will not sell shares of its Portfolios to any other insurance company or separate account unless an agreement containing provisions substantially the same as Section 2.4 and Articles I and V of this Agreement is in effect to govern sales. No shares of any Portfolio will be sold directly to the general public. Minnesota Securian Life agrees that it will use Fund shares only for the purposes of funding the Variable Insurance Products through the Accounts listed in Schedule A, as amended from time to time.

Appears in 1 contract

Samples: Participation Agreement (Advantus Series Fund Inc)

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