Common use of Order and Payment Processing Clause in Contracts

Order and Payment Processing. Distributors shall immediately transmit to the Fund's transfer agent ("Transfer Agent") any order to purchase shares of a Series that it receives to the Transfer Agent, and shall immediately pay, or cause to be paid, to the Fund's custodian ("Custodian"), for the Fund's account on behalf of a Series, an amount in cash equal to the net asset value of such shares. Distributors shall accept orders for the purchase of shares of each Series only to the extent of purchase orders actually received and not in excess of such orders. Distributors shall not avail itself of any opportunity of making a profit by expediting or withholding orders.

Order and Payment Processing. Distributors shall immediately transmit to the FundCompany's transfer agent ("Transfer Agent") any order to purchase shares of a Series Portfolio that it receives to the Transfer Agent, and shall immediately pay, or cause to be paid, to the FundCompany's custodian ("Custodian"), for the FundCompany's account on behalf of a SeriesPortfolio, an amount in cash equal to the net asset value of such shares. Distributors shall accept orders for the purchase of shares of each Series Portfolio only to the extent of purchase orders actually received and not in excess of such orders. Distributors shall not avail itself of any opportunity of making a profit by expediting or withholding orders.