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 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 or its designee of such purchase order. For purposes of this Section 1.1, and for purposes of Rule 22c-1 under the 1940 Act, 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 such purchase orders are received and transmitted in accordance with the Operating Procedures attached hereto as Schedule D (the “Operating Procedures”). “
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Samples: Participation Agreement (MEMBERS Horizon Variable Separate Account), Agreement (Variable Annuity Account a of Protective Life), Participation Agreement (Prudential Variable Contract Account Gi-2)
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 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 or its designee of such purchase order. For purposes of this Section 1.1, and for purposes of Rule 22c-1 under the 1940 Act, 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 such purchase orders are received and transmitted in accordance with the Operating Procedures attached hereto as Schedule D (the “"Operating Procedures”"). “"
Appears in 12 contracts
Samples: Agreement (Genworth Life & Annuity VA Separate Account 1), Agreement (Genworth Life & Annuity VA Separate Account 1), Participation Agreement (Cuna Mutual Variable Annuity Account)
Purchase and Redemption of Fund Shares. 1.1. The Fund and the Underwriter agree to make available for purchase by sell to the Company shares of the Portfolio(s) and shall execute purchase orders placed for each Account on each Business Day at the net asset value (and with no sales charges) next computed after receipt by the Fund or its designee of such purchase order. For purposes of this Section 1.1, and for purposes of Rule 22c-1 under the 1940 Act, 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 purchase orders are received and transmitted order by the time specified in accordance with the Operating Procedures attached hereto as Schedule D (the “Operating Procedures”). “
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Purchase and Redemption of Fund Shares. 1.1. The Fund and the Underwriter agree to make available for purchase by sell to the Company shares of the Portfolio(s) and shall execute purchase orders placed for each Account on each Business Day at the net asset value (and with no sales charges) next computed after receipt by the Fund or its designee of such purchase order. For purposes of this Section 1.1, and for purposes of Rule 22c-1 22c1 under the 1940 Act, 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 purchase orders are received and transmitted order by the time specified in accordance with the Operating Procedures attached hereto as Schedule D (the “"Operating Procedures”"). “"
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