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. "
Appears in 17 contracts
Samples: Protective Variable Annuity Separate Account, Participation Agreement (Carillon Life Account), Participation Agreement (Allianz Life of Ny Variable Account C)
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 Portfolio(s) and shall execute purchase orders placed for each Account on a daily basis each Business Day at the net asset value next computed after receipt by the Fund or its designee of such purchase order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such purchase 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. "
Appears in 14 contracts
Samples: Participation Agreement (Sun Life of Canada U S Variable Account I), Agreement (Sun Life (N.Y.) Variable Account J), Agreement (Sun Life of Canada U S Variable Account G)
Purchase and Redemption of Fund Shares. 1.1. The Fund and the Underwriter agree agrees to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis each Business Day (as defined below) 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. "β
Appears in 2 contracts
Samples: Agreement (Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.), Participation Agreement (Variable Annuity 1 Series Account)
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 Portfolio(s) and shall execute purchase orders placed for each Account on a daily basis each Business Day at the net asset value next computed after receipt by the Fund or its designee of such purchase order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such purchase orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives such order by 4:00 p.m. Eastern time and the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "
Appears in 2 contracts
Samples: Agreement (Lpla Separate Account One), Agreement (FSL Separate Account M)
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 Portfolio(s) and shall execute purchase orders placed for each Account on a daily basis each Business Day at the net asset value next computed after receipt by the Fund or its designee of such purchase order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such purchase 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. "β
Appears in 2 contracts
Samples: Participation Agreement (Delaware Life Variable Account F), Participation Agreement (Universal Institutional Funds Inc)
Purchase and Redemption of Fund Shares. 1.1. The Fund and the Underwriter agree agrees to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis each Business Day (as defined below) 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. "
Appears in 1 contract
Samples: Participation Agreement (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)
