Purchase and Redemption of Fund Shares Sample Clauses

Purchase and Redemption of Fund Shares. 1.1. The Fund and the Underwriter agree to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "
Purchase and Redemption of Fund Shares. 1.1 The Fund and the Underwriter agree to sell to the Company those shares of the Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Fund; provided that the Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 10:00 a.m. Eastern Time on the next following Business Day. The Fund will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's designated Settling Bank to the NSCC. "BUSINESS DAY" shall any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. "
Purchase and Redemption of Fund Shares. 1.1. The Fund agrees to make available to the Company for purchase on behalf of the Accounts those shares of a Portfolio of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for such shares, as established in accordance with the provisions of the then current prospectus of the Fund.
Purchase and Redemption of Fund Shares. 1.1 Subject to the terms of the Distribution Agreement in effect from time to time between the Trust and Manulife Financial Securities LLC, a Delaware limited liability company ("Manulife Securities"), the Trust agrees to make shares of the Funds available for purchase by the Accounts (including the subaccounts thereof) at the applicable net asset value per share next computed, in accordance with the provisions of the then current prospectus and statement of additional information of the Trust, after receipt by the Trust or its designee of an order for purchase. The Trust agrees to use reasonable efforts to calculate such net asset value on each day on which the New York Stock Exchange is open for regular trading. Notwithstanding the foregoing, the Board of Trustees of the Trust (the "
Purchase and Redemption of Fund Shares. 1.1 Subject to the terms of this Agreement and the Distribution Agreement in effect from time to time between the Trust and the Distributor, the Trust agrees to make available shares of the Funds set forth in Schedule B hereto, as it may be amended from time to time, for purchase by the Accounts (including the subaccounts thereof) at the applicable net asset value per share next computed, in accordance with the provisions of the then current prospectus and statement of additional information of the Trust, after receipt by the Trust or its designee of an order for purchase in good order. The Trust agrees to use reasonable efforts to calculate such net asset value on each day on which the New York Stock Exchange is open for trading. Notwithstanding the foregoing, the Board of Trustees of the Trust (the “Board” or the “Trustees”) may refuse to sell shares of any Fund to any person, or suspend or terminate the offering of shares of any Fund, if such action is required by law or by regulatory authorities having jurisdiction or is, in the sole discretion of the Trustees acting in good faith and in light of their fiduciary duties under federal and any applicable state laws, in the best interests of such Fund and its shareholders (including variable contract owners).
Purchase and Redemption of Fund Shares. (a) The Fund and the Distributor will make available for purchase by Standard shares of the Portfolio(s) and shall execute purchase orders placed for each Account on each Business Day at the net asset value next computed after receipt by the Fund of a purchase order. “
Purchase and Redemption of Fund Shares. 1.1 NBMI agrees to sell to the Company those Shares which the Company orders on behalf of each Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by NBMI or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of NBMI for receipt of such orders from each Separate Account and receipt by such designee shall constitute receipt by NBMI; provided that NBMI receives notice of such order by 9:30 a.m. Eastern Time on the next following Business Day. The Company shall pay for Shares on such next following Business Day after it places an order to purchase Portfolio shares in accordance with this Section. Payment shall be in federal funds transmitted by wire. "
Purchase and Redemption of Fund Shares. 1.1. The Fund agrees to make available to the Company for purchase on behalf of the Accounts those shares of a Portfolio of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for such shares, as established in accordance with the provisions of the then current prospectus of the Fund. 1.2. The Fund will not sell shares of any Portfolio to any other Participating Insurance Company separate account unless an agreement containing provisions similar in substance to Sections 2.1 and 2.2 of Article II, Sections 3.7 and 3.8 (other than the provision requiring the Fund to provide voting standards) of Article III and Article V of this Agreement is in effect to govern such sales, it being agreed and understood by Company and the Fund that this provision is not intended to prevent the Fund from selling its shares to any potential investor whose purchase of shares does not render the shares of the Fund or any Portfolio ineligible for continued or additional investment by the Company and its Account(s), and it being further understood and agreed by the Company and the Fund that this provision shall apply prospectively to participation agreements that the Fund enters into on or after the date hereof. 1.3. The Company shall be the designee of the Fund for receipt of purchase orders and requests for redemptions or exchanges of shares of a Portfolio ("Instructions"). The Business Day on which such Instructions are received in proper form by the Company and time stamped by the Company by the close of trading will be the date and time as of which Portfolio shares shall be deemed purchased, exchanged or redeemed as a result of such Instructions; provided that the Fund receives such Instructions by 9:30 a.m. Eastern Time on the next following business day. Instructions received in proper form by the Company and time stamped after the close of trading on any given Business Day or received by the Fund after 9:30 a.m. Eastern Time on the next following business day shall be treated as if received on the next following Business Day. The Company warrants that all orders transmitted to the Fund by 9:30 a.m. Eastern Time on a Business Day were received by the Company in proper form and time stamped prior to the close of trading on the prior Business Day. "
Purchase and Redemption of Fund Shares. 2.1 Janus Services and the Company agree to provide pricing information, execute orders and wire payments for purchases and redemptions of Fund Shares through the National Securities Clearing Corporation ("NSCC") and its subsidiary systems as set forth in Schedule E and as provided in this Article II. The parties agree that all orders shall generally be processed via the NSCC, and Janus Services will accept trades not submitted via the NSCC on an exception only basis in accordance with Section 2.3 herein.
Purchase and Redemption of Fund Shares. 5.1 The ING Trust agrees to purchase and redeem the shares of the Underlying Funds named in Schedule B offered by the then current prospectus and statement of additional information of the Underlying Management Company in accordance with the provisions of such prospectus and statement of additional information. 5.2 The parties represent and warrant to each other and agree to limit, and not facilitate, a Contract holder’s participation in the Funds of Fundsinvestment process such that: (1) there is not, and there will not be, any arrangement, plan, contract, or agreement between Dimensional and a Contract holder regarding the availability of an Underlying Fund to the Funds of Funds or the specific assets to be held by the Funds of Funds; (2) other than a Contract holder’s ability to allocate Contract premiums and transfer amounts in the Account to and from the Account corresponding to the Funds of Funds, all investment decisions concerning the Funds of Funds will be made by the Fund of Funds Adviser or Dimensional and all investment decisions concerning the Underlying Funds will be made by Dimensional and the Underlying Management Company’s Board in their sole and absolute discretion, and a Contract holder cannot, and will not be able to, (A) direct the Funds of Funds’ investment in any particular asset or recommend a particular investment or investment strategy, or (B) communicate directly or indirectly with Dimensional concerning the selection, quality, or rate of return on any specific investment or group of investments held by the Underlying Fund; (3) the percentage of the Funds of Fund’s assets invested in a particular Underlying Fund will not be fixed in advance of any Contract holder’s investment and will be subject to change by the Fund of Funds Adviser, Dimensional, in its capacity as subadviser to the Funds of Funds, or any other subadviser to the Funds of Funds at any time without notice; (4) there is not, and will not be, any agreement or plan between Dimensional or another subadviser to the Funds of Funds and a Contract holder regarding a particular investment of the Underlying Fund; (5) a Contract holder does not have, and will not have, any current knowledge of the Funds of Funds’ specific assets other than as may be required to be presented in periodic reports to the Funds of Funds’ shareholders; (6) a Contract holder does not have, and will not have, any legal, equitable, direct, or indirect ownership interest in any of the assets of the ...