Common use of Acceptance of Orders Clause in Contracts

Acceptance of Orders. The Fund shall accept purchase and redemption orders resulting from investments in and payments under the Contracts on each Business Day, provided that such orders are received by Xxxxxxxx Xxxxxxxx or the Fund prior to 9:00 a.m., Eastern time, on such Business Day and reflect instructions received by the Company from Contract holders in good order prior to the time the net asset value of the Series is calculated in accordance with the Fund Registration Statement on the prior Business Day. Notwithstanding the foregoing, the Company shall use its best efforts to provide Xxxxxxxx Xxxxxxxx or the Fund with such orders by 7:30 a.m. on the Business Day following the Business Day on which instructions are so received by the Company. Orders reflecting instructions received by the Company in good order after the time the net asset value of the Series is calculated will not be deemed received until the next succeeding Business Day. The Company acts as the agent of the Fund and Xxxxxxxx Xxxxxxxx for the limited purpose of accepting purchase and redemption instructions from Contract holders. Xxxxxxxx Xxxxxxxx and the Fund may reject purchase and redemption orders that are not in proper form as mutually agreed to by Xxxxxxxx Xxxxxxxx and the Company from time to time.

Acceptance of Orders. The Fund shall accept purchase and redemption orders resulting from investments in and payments under the Contracts on each Business Day, provided that such orders are received by Xxxxxxxx Xxxxxxxx Xxxxxxx or the Fund prior to 9:00 a.m., Eastern time, on such Business Day and reflect instructions received by the Company from Contract holders in good order prior to the time the net asset value of the Series is calculated in accordance with the Fund Registration Statement on the prior Business Day. Notwithstanding the foregoing, the Company shall use its best efforts to provide Xxxxxxxx Xxxxxxxx Xxxxxxx or the Fund with such orders by 7:30 a.m. on the Business Day following the Business Day on which instructions are so received by the Company. Orders reflecting instructions received by the Company in good order after the time the net asset value of the Series is calculated will not be deemed received until the next succeeding Business Day. The Company acts as the agent of the Fund and Xxxxxxxx Xxxxxxxx Xxxxxxx for the limited purpose of accepting purchase and redemption instructions from Contract holders. Xxxxxxxx Xxxxxxxx Xxxxxxx and the Fund may reject purchase and redemption orders that are not in proper form as mutually agreed to by Xxxxxxxx Xxxxxxxx Xxxxxxx and the Company from time to time.