Timely Payments. LIFE COMPANY will wire payment for net purchases to a custodial account designated by AVIF by 4:00 p.m. Eastern Time on the same day as the order for Shares is placed, to the extent practicable. AVIF will wire payment for net redemptions to an account designated by LIFE COMPANY by 2:00 p.m. Eastern Time on the same day as the Order is placed, to the extent practicable.
Appears in 5 contracts
Samples: Participation Agreement (Variable Annuity Account I of Aetna Insurance Co of America), By And (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Participation Agreement (Aim Variable Insurance Funds Inc)
Timely Payments. LIFE COMPANY will wire payment for net purchases to a custodial account designated by AVIF by 4:00 1:00 p.m. Eastern Central Time on the same day as the order for Shares is placed, to the extent practicable. AVIF will wire payment for net redemptions to an account designated by LIFE COMPANY by 2:00 1:00 p.m. Eastern Central Time on the same day as the Order is placed, to the extent practicable, in order to enable LIFE COMPANY to pay redemption proceeds within the time specified in Section 22(e) of the 1940 Act or such shorter period of time as may be required by law.
Appears in 3 contracts
Samples: Participation Agreement (Aim Variable Insurance Funds), Participation Agreement (Aul American Individual Variable Life Unit Trust), Participation Agreement (Aul American Individual Variable Life Unit Trust)
Timely Payments. LIFE COMPANY will wire payment for net purchases to a custodial account designated by AVIF by 4:00 3:00 p.m. Eastern Time on the same day as the order for Shares is placed, to the extent practicable. AVIF will wire payment for net redemptions to an account designated by LIFE COMPANY by 2:00 before 3:00 p.m. Eastern Time on the same day as the Order is placed, to the extent practicable.
Appears in 2 contracts
Samples: Participation Agreement (Aim Variable Insurance Funds), Participation Agreement (Corporate Sponsored Vul Separate Account I)
