Common use of MANUAL PROCESSING PROCEDURES Clause in Contracts

MANUAL PROCESSING PROCEDURES. 1. On each Business Day, Company may receive Orders from the Contract Owner for the purchase or redemption of Shares based solely upon receipt of such Orders prior to the Market Close on that Business Day. Orders received in good order by Company prior to the Market Close on any given Business Day (the “Trade Date”) and transmitted to the Company by no later than 9:30 a.m. ET the Business Day following the Trade Date (“Trade Date plus One” or “T+1”), will be executed at the net asset value per Share (“Share Price”) of each applicable Fund, determined as of the Market Close on the Trade Date.

Appears in 4 contracts

Samples: Participation Agreement (Nationwide VLI Separate Account-7), Participation Agreement (Nationwide Vli Separate Account 4), Participation Agreement (Nationwide Variable Account Ii)

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