Common use of The Fund Clause in Contracts

The Fund. For purposes of this Section 1.1, the Company shall be the designee of the Fund 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. Boston time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the Securities and Exchange Commission.

Appears in 20 contracts

Samples: Participation Agreement (Farm Bureau Life Variable Account Ii), Participation Agreement (Farm Bureau Life Annuity Account Iii), Participation Agreement (Farm Bureau Life Annuity Account)

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The Fund. For purposes of this Section 1.1, the Company shall be the designee of the Fund 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 9:00 a.m. Boston time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the Securities and Exchange Commission.

Appears in 1 contract

Samples: Participation Agreement (Maxim Series Account of Great West Life & Annuity Ins Co)

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