Payments by a. Company for the purchase of shares of the Funds by its Accounts under Section 1.2 and payments by the Trust of the proceeds of the redemption of shares of the Funds by such Accounts under Section 1.3 may be netted against one another on any Business Day for the purpose of determining the amount of any wire transfer on that Business Day.
Appears in 7 contracts
Samples: Participation Agreement (Hancock John Variable Series Trust I), Participation Agreement (John Hancock Trust), Participation Agreement (John Hancock Trust)
Payments by a. Company for the purchase of shares of the Funds by its Accounts under Section 1.2 and payments by the Trust of the proceeds of the redemption of shares of the Funds by such Accounts under Section 1.3 may be netted against one another on any Business Day for the purpose of determining the amount of any wire transfer on that Business Day.. [QUERY: is netting as between Funds and classes OK with Xxxx Xxxxxxx?]
Appears in 1 contract
Samples: Participation Agreement (Hancock John Variable Series Trust I)
