Common use of Purchase and Redemption Orders Clause in Contracts

Purchase and Redemption Orders. On each Business Day, Service Organization, through Distributors, shall aggregate and calculate the net purchase and redemption orders for each Plan from Participants or Plan Representatives for shares of a Fund that it received prior to 4:00 p.m., Eastern time (i.e., the close of trading), and communicate to Distributors, by telephone or facsimile (or by such other means as the parties hereto may agree to in writing), the net aggregate purchase or redemption order (if any) for each Account for such Business Day (such Business Day is sometimes referred to herein as the "Trade Date"). Service Organization, through Distributors, will communicate such orders to the Funds prior to 9:00 a.m., Eastern time, on the next Business Day following the Trade Date. All trades communicated to Distributors by the foregoing deadline shall be treated by Distributors as if they were received by Distributors prior to 4:00 p.m., Eastern time, on the Trade Date.

Purchase and Redemption Orders. On each Business Day, Service Organization, ------------------------------- through Distributors, shall aggregate and calculate the net purchase and redemption orders for each Plan from Participants or Plan Representatives for shares of a Fund that it received prior to 4:00 p.m., Eastern time (i.e., the close of trading), and communicate to Distributors, by telephone or facsimile (or by such other means as the parties hereto may agree to in writing), the net aggregate purchase or redemption order (if any) for each Account for such Business Day (such Business Day is sometimes referred to herein as the "Trade Date"). Service Organization, through Distributors, will communicate such orders to the Funds prior to 9:00 a.m., Eastern time, on the next Business Day following the Trade Date. All trades communicated to Distributors by the foregoing deadline shall be treated by Distributors as if they were received by Distributors prior to 4:00 p.m., Eastern time, on the Trade Date.

Purchase and Redemption Orders. On each Business Day, Service ------------------------------ Organization, through Distributors, shall aggregate and calculate the net purchase and redemption orders for each Plan from Participants or Plan Representatives for shares of a Fund that it received prior to 4:00 p.m., Eastern time (i.e., the close of trading), and communicate to Distributors, by telephone or facsimile (or by such other means as the parties hereto may agree to in writing), the net aggregate purchase or redemption order (if any) for each Account for such Business Day (such Business Day is sometimes referred to herein as the "Trade Date"). Service Organization, through Distributors, will communicate such orders to the Funds prior to 9:00 a.m., Eastern time, on the next Business Day following the Trade Date. All trades communicated to Distributors by the foregoing deadline shall be treated by Distributors as if they were received by Distributors prior to 4:00 p.m., Eastern time, on the Trade Date.