Common use of Transactions Subject to Fund/SERV Clause in Contracts

Transactions Subject to Fund/SERV. On each business day that the New York Stock Exchange is open for business on which the Portfolios determine their per share net asset values (“Business Day”), the Trust shall accept, and effect, changes in its records upon receipt of purchase, redemption, exchanges, and registration instructions from the Company electronically through Fund/SERV (“Instructions”) without supporting documentation from the Account in accordance with the terms and conditions set forth in this Schedule C. On each Business Day, the Trust shall accept for processing any Instructions from the Company and shall process such Instructions in a timely manner. Purchases to an Account’s Portfolio account shall be posted to such account through nightly processing after both the account registration and purchase settlement have been received. Such purchase shall appear on the account record the following Business Day. Shares are ineligible for redemption until they are posted and appear on the account record.

Appears in 5 contracts

Samples: Prudential Variable Contract Account Gi-2, Pruco Life of New Jersey Variable Appreciable Account, Prudential Variable Contract Account Gi-2

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Transactions Subject to Fund/SERV. On each business day that the New York Stock Exchange is open for business on which the Portfolios determine their per share net asset values (“Business Day”), the Trust Janus Services shall accept, and effect, changes in its records upon receipt of purchase, redemption, exchanges, and registration instructions from the Company electronically through Fund/SERV (“Instructions”) without supporting documentation from the Account Accounts in accordance with the terms and conditions set forth in this Schedule C. 4. On each Business Day, the Trust Janus Services shall accept for processing any Instructions from the Company and shall process such Instructions in a timely manner. Purchases to an Account’s Portfolio account shall be posted to such account through nightly processing after both the account registration and purchase settlement have been received. Such purchase shall appear on the account record the following Business Day. Shares are ineligible for redemption until they are posted and appear on the account record.

Appears in 3 contracts

Samples: Fund Participation Agreement (PLICO Variable Annuity Account S), Fund Participation Agreement (PLAIC Variable Annuity Account S), Fund Participation Agreement (Protective Variable Annuity Separate Account)

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Transactions Subject to Fund/SERV. On each business day that the New York Stock Exchange is open for business on which the Portfolios Trusts determine their per share net asset values (“Business Day”), the Trust or its agent shall accept, and effect, changes in its records upon receipt of purchase, redemption, exchanges, and registration instructions from the Company electronically through Fund/SERV (“Instructions”) without supporting documentation from the Account Contract owner in accordance with the terms and conditions set forth in this Schedule C. 4. On each Business Day, the Trust or its agent shall accept for processing any Instructions from the Company and shall process such Instructions in a timely manner. Purchases to an Accounta Contract owner’s Portfolio account shall be posted to such account through nightly processing after both the account registration and purchase settlement have been received. Such purchase shall appear on the account record the following Business Day. Shares are ineligible for redemption until they are posted and appear on the account record.

Appears in 1 contract

Samples: Fund Participation Agreement (Thrivent Variable Annuity Account I)

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