Common use of Purchase and Redemption of Fund Shares Clause in Contracts

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.

Appears in 31 contracts

Samples: Participation Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui), Participation Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui), Participation Agreement (Principal Life Insurance Co Variable Life Sep Account)

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Purchase and Redemption of Fund Shares. 1.1. The Fund agrees to make available to the Company Companies for purchase on behalf of the Accounts those shares of a Portfolio of the Fund which the Company orders Companies order 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.

Appears in 3 contracts

Samples: Participation Agreement (Massachusetts Mutual Variable Life Separate Account I), Participation Agreement (Massachusetts Mutual Variable Life Separate Account I), Participation Agreement (C M Multi Account A)

Purchase and Redemption of Fund Shares. 1.1. 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.

Appears in 2 contracts

Samples: Participation Agreement (First Metlife Investors Variable Annuity Account One), Execution Copy (Metlife Investors Usa Separate Account A)

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Purchase and Redemption of Fund Shares. 1.1. The Fund agrees to make available sell 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 shares of the Fund.. For purposes of this Section

Appears in 1 contract

Samples: Participation Agreement (Separate Account B of Ing Usa Annuity Life Insurance Co)

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