Common use of Additional Limitations on Delayed Settlement Clause in Contracts

Additional Limitations on Delayed Settlement. Broker-Dealer’s Delayed Settlement privilege shall be subject to the following additional provisions: a. With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealer’s Account on a Delayed Settlement basis. Any amount received by the Fund Company in excess of the Purchase Amount shall be handled as directed by Broker-Dealer upon notification from the Fund Company. b. With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company (i.e., in the form of a Federal Funds wire by 4:00 pm Eastern Time on T+1, then the amount so received shall be credited to Broker-Dealer’s Account on a Delayed Settlement basis. c. Notwithstanding any other provision of this Agreement, in the case of any Manual Purchase or portion thereof that has been deemed a Failed Trade, any portion of the Purchase Amount thereafter received by the Fund Company shall be handled as directed by Broker-Dealer upon notification from the Fund Company.

Additional Limitations on Delayed Settlement. Broker-Dealer’s Delayed Settlement privilege shall be subject to the following additional provisions: a. (i) With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealerthe Account’s Account account on a Delayed Settlement basis. Any amount received by the Fund Company Vanguard in excess of the Purchase Amount shall be handled as directed by Broker-Dealer the Company or the NSCC Firm upon notification notice from the Fund CompanyVanguard. b. (ii) With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company Vanguard (i.e., in the form of a Federal Funds wire by 4:00 pm p.m. Eastern Time on T+1), then the amount so received shall be credited to Broker-Dealerthe Account’s Account account on a Delayed Settlement basis. c. (iii) Notwithstanding any other provision of this Agreement, in the case of any Manual Purchase or portion thereof that has been deemed a Failed Trade, any portion of the Purchase Amount thereafter received by the Fund Company Vanguard shall be handled as directed by Broker-Dealer the Company or the NSCC Firm upon notification notice from Vanguard. The NSCC Firm will not direct Vanguard without first conferring with the Fund Company.

Additional Limitations on Delayed Settlement. Broker-Dealer’s Delayed Settlement privilege shall be subject to the following additional provisions: a. (i) With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealerthe Intermediary’s Account or the Plan’s account on a Delayed Settlement basis. Any amount received by the Fund Company Vanguard in excess of the Purchase Amount shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard. b. (ii) With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company Vanguard (i.e., in the form of a Federal Funds wire by 4:00 pm p.m. Eastern Time on T+1), then the amount so received shall be credited to Broker-Dealerthe Intermediary’s Account or the Plan’s account on a Delayed Settlement basis. c. (iii) Notwithstanding any other provision of this Agreement, in the case of any Manual Purchase or portion thereof that has been deemed a Failed Trade, any portion of the Purchase Amount thereafter received by the Fund Company Vanguard shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard.

Additional Limitations on Delayed Settlement. Broker-Dealer’s Delayed Settlement privilege shall be subject to the following additional provisions: a. (i) With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealerthe Intermediary’s Account account on a Delayed Settlement basis. Any amount received by the Fund Company Vanguard in excess of the Purchase Amount shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard. b. (ii) With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company Vanguard (i.e., in the form of a Federal Funds wire by 4:00 pm p.m. Eastern Time on T+1), then the amount so received shall be credited to Broker-Dealerthe Intermediary’s Account account on a Delayed Settlement basis. c. (iii) Notwithstanding any other provision of this Agreement, in the case of any Manual Purchase or portion thereof that has been deemed a Failed Trade, any portion of the Purchase Amount thereafter received by the Fund Company Vanguard shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard.

Additional Limitations on Delayed Settlement. Broker-Dealer’s Delayed Settlement privilege shall be subject to the following additional provisions: a. (i) With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealerthe Intermediary’s Account account on a Delayed Settlement basis. Any amount received by the Fund Company Vanguard in excess of the Purchase Amount shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard. b. (ii) With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company Vanguard (i.e., in the form of a Federal Funds wire by 4:00 pm p.m. Eastern Time on T+1), then the amount so received shall be credited to Broker-Dealerthe Intermediary’s Account account on a Delayed Settlement basis. c. (iii) Notwithstanding any other provision of this Agreement, in the case of any Manual Purchase or portion thereof that has been deemed a Failed Trade, any portion of the Purchase Amount thereafter received by the Fund Company Vanguard shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund Company.Vanguard. FAS/[COMPANY] DEFINED CONTRIBUTION CLEARANCE & SETTLEMENT AGREEMENT (VVIF ONLY) 0458058

Additional Limitations on Delayed Settlement. Broker-Dealer’s Delayed Settlement privilege shall be subject to the following additional provisions: a. (i) With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealerthe Intermediary’s Account account on a Delayed Settlement basis. Any amount received by the Fund Company Vanguard in excess of the Purchase Amount shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard. b. (ii) With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company (Vanguard ( i.e., in the form of a Federal Funds wire by 4:00 pm p.m. Eastern Time on T+1), then the amount so received shall be credited to Broker-Dealerthe Intermediary’s Account account on a Delayed Settlement basis. c. . (iii) Notwithstanding any other provision of this Agreement, in the case of any Manual Purchase or portion thereof that has been deemed a Failed Trade, any portion of the Purchase Amount thereafter received by the Fund Company Vanguard shall be handled as directed by Broker-Dealer the Intermediary upon notification notice from the Fund CompanyVanguard.