Common use of FUND SHARES Clause in Contracts

FUND SHARES. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios set forth on Schedule A and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. 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 as soon as reasonably practical (normally by 10:00 a.m. Eastern time) on the next following Business Day. Notwithstanding the foregoing, the Company shall use its best efforts to provide the Fund with notice of such orders by 10:15 a.m. Eastern time on the next following Business Day. "

Appears in 11 contracts

Samples: Participation Agreement (American General Life Insurance Co Separate Account D), Participation Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R), Participation Agreement (Ag Separate Account A)

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FUND SHARES. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios set forth on Schedule A and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. 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 by 4:00 p.m. Eastern time on a Business Day shall constitute receipt by the Fund; provided that the Fund receives notice of such order as soon as reasonably practical (normally by 10:00 a.m. Eastern time) on the next following Business Day. Notwithstanding the foregoing, the Company shall use its best efforts to provide the Fund with notice of such orders by 10:15 a.m. Eastern time on the next following Business Day. "

Appears in 5 contracts

Samples: Participation Agreement (Hotchkis & Wiley Variable Trust), Participation Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R), Participation Agreement (American General Life Insurance Co Separate Account D)

FUND SHARES. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios set forth on Schedule A and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. 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 as soon as reasonably practical (normally by 10:00 10:15 a.m. Eastern time) time on the next following Business Day. Notwithstanding the foregoing, the Company shall use its best efforts to provide the Fund with notice of such orders by 10:15 10:00 a.m. Eastern time on the next following Business Day. "

Appears in 4 contracts

Samples: Participation Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R), Participation Agreement (American General Life Insurance Co Separate Account D), Participation Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R)

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FUND SHARES. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios set forth on Schedule A and shall execute orders placed for ---------- each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. 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 as soon as reasonably practical (normally by 10:00 a.m. Eastern time) on the next following Business Day. Notwithstanding the foregoing, the Company shall use its best efforts to provide the Fund with notice of such orders by 10:15 a.m. Eastern time on the next following Business Day. "

Appears in 1 contract

Samples: Participation Agreement (Usl Separate Account Usl Vl-R)

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