Common use of Authorization of Intermediary and Underlying Intermediaries Clause in Contracts

Authorization of Intermediary and Underlying Intermediaries. Subject to any and all limitations and other terms set forth in this Agreement, Vanguard, as transfer agent for the Funds, hereby appoints the Intermediary as the limited agent of Vanguard, and the Intermediary hereby accepts such appointment, for the purpose of treating transaction instructions received by the Intermediary from Policy owners (to the extent such instructions would result in the purchase, redemption or exchange of VVIF Portfolio shares by an Account) (“Instructions”) as receipt by Vanguard of purchase, redemption and exchange orders for shares of the VVIF Portfolios. The Intermediary may designate and authorize such Underlying Intermediaries as it deems necessary, appropriate or desirable, to accept Instructions from or on behalf of Policy owners (each such designated and authorized Underlying Intermediary, a “Designated UI”). A VVIF Portfolio will be deemed to have received a purchase, redemption or exchange order when the Intermediary or a Designated UI accepts the Instructions in accordance with this Agreement. In most instances, a Policy owner will receive the unit price corresponding to the share price next computed by the VVIF Portfolio after the time at which such Policy owner provides its Instructions to the Intermediary or Designated UI, provided all of the requirements and obligations of the Intermediary and the Designated Uls with respect to acceptance and transmission of orders set forth in this Agreement are satisfied. The Intermediary shall be liable to Vanguard and the VVI Fund for the Designated UIs’ compliance with the terms of this Section 6(al to the same extent as if the Intermediary itself had acted or failed to act instead of the Designated UI.

Authorization of Intermediary and Underlying Intermediaries. Subject to any and all limitations and other terms set forth in this Agreement, Vanguard, as transfer agent for the Funds, hereby appoints the Intermediary as the limited agent of Vanguard, and the Intermediary hereby accepts such appointment, for the purpose of treating transaction instructions received by the Intermediary from Policy owners (to the extent such instructions would result in the purchase, redemption or exchange of VVIF Portfolio shares by an Account) (“Instructions”) as receipt by Vanguard of purchase, redemption and exchange orders for shares of the VVIF Portfolios. The Intermediary may designate and authorize such Underlying Intermediaries as it deems necessary, appropriate or desirable, to accept Instructions from or on behalf of Policy owners (each such designated and authorized Underlying Intermediary, a “Designated UI”). A VVIF Portfolio will be deemed to have received a purchase, redemption or exchange order when the Intermediary or a Designated UI accepts the Instructions in accordance with this Agreement. In most instances, a Policy owner will receive the unit price corresponding to the share price next computed by the VVIF Portfolio after the time at which such Policy owner provides its Instructions to the Intermediary or Designated UI, provided all of the requirements and obligations of the Intermediary and the Designated Uls UIs with respect to acceptance and transmission of orders set forth in this Agreement are satisfied. The Intermediary shall be liable to Vanguard and the VVI Fund for the Designated UIs’ compliance with the terms of this Section 6(al 6(a) to the same extent as if the Intermediary itself had acted or failed to act instead of the Designated UI.

Authorization of Intermediary and Underlying Intermediaries. Subject to any and all limitations and other terms set forth in this AgreementAgreement and in the DCC&S Operating/Contingency Procedures, Vanguard, as transfer agent for the Vanguard Funds, hereby appoints the Intermediary as the limited agent of Vanguard, and the Intermediary hereby accepts such appointment, for the purpose of treating processing: (i) transaction instructions received by the Intermediary from Policy owners (to the extent such instructions would result in the purchase, redemption or exchange of VVIF Portfolio shares by an Account); and (ii) transaction directions received from Accounts. Transaction instructions and transaction directions described in (“i) and (ii) of this section are referred to herein, collectively, as Instructions”) as receipt by Vanguard of purchase, redemption and exchange orders for shares of the VVIF Portfolios. The Intermediary may designate and authorize such Underlying Intermediaries as it deems necessary, appropriate or desirable, to accept accept, in such capacity, Instructions from or on behalf of Policy owners (each such designated and authorized Underlying Intermediary, a “Designated UI”). A VVIF Portfolio will be deemed to have received a purchase, redemption or exchange order when the Intermediary or a Designated UI accepts the Instructions in accordance with this Agreement. In most instances, a Policy owner or Account will receive the unit price corresponding to the share price next computed by the VVIF Portfolio after the time at which Instructions are received by the Intermediary or Underlying UI from such Policy owner provides its Instructions to the Intermediary or Designated UIAccount, provided all of the requirements and obligations of the Intermediary and the Designated Uls UIs with respect to acceptance and transmission of orders set forth in this Agreement are satisfied. The Intermediary shall be liable to Vanguard and the VVI Fund for the Designated UIs’ compliance with the terms of this Section 6(al 1(a) to the same extent as if the Intermediary itself had acted or failed to act instead of the Designated UI.

Authorization of Intermediary and Underlying Intermediaries. Subject to any and all limitations and other terms set forth in this AgreementAgreement and in the DCC&S Operating/Contingency Procedures, Vanguard, as transfer agent for the Vanguard Funds, hereby appoints the Intermediary as the limited agent of Vanguard, and the Intermediary hereby accepts such appointment, for the purpose of treating transaction instructions received by the Intermediary from Policy owners (to the extent such instructions would result in the purchase, redemption or exchange of VVIF Portfolio Vanguard Fund shares by an Account) (“Instructions”) as receipt by Vanguard of purchase, redemption and exchange orders for shares of the VVIF PortfoliosVanguard Funds. The Intermediary may designate and authorize such Underlying Intermediaries as it deems necessary, appropriate or desirable, to accept Instructions from or on behalf of Policy owners (each such designated and authorized Underlying Intermediary, a “Designated UI”)owners. A VVIF Portfolio Vanguard Fund will be deemed to have received a purchase, redemption or exchange order when the Intermediary or a Designated UI an Underlying Intermediary accepts the Instructions in accordance with this Agreement. In most instances, a Policy owner will receive the unit price corresponding to the share price next computed by the VVIF Portfolio Vanguard Fund after the time at which such Policy owner provides its Instructions to the Intermediary or Designated UIUnderlying Intermediary, provided all of the requirements and obligations of the Intermediary and the Designated Uls Underlying Intermediaries with respect to acceptance and transmission of orders set forth in this Agreement are satisfied. The Intermediary shall be liable to Vanguard and the VVI Fund Vanguard Funds for the Designated UIsUnderlying Intermediaries’ compliance with the terms of this Section 6(al 1(a) to the same extent as if the Intermediary itself had acted or failed to act instead of the Designated UIUnderlying Intermediary.

Authorization of Intermediary and Underlying Intermediaries. Subject to any and all limitations and other terms set forth in this AgreementAgreement and in the DCC&S Operating/Contingency Procedures, Vanguard, as transfer agent for the Vanguard Funds, hereby appoints the Intermediary as the limited agent of Vanguard, and the Intermediary hereby accepts such appointment, for the purpose of treating transaction instructions received by the Intermediary from Policy owners (to the extent such instructions would result in the purchase, redemption or exchange of VVIF Portfolio shares by an Account) (“Instructions”) ), and other transaction directions received by the Intermediary from the Accounts, as receipt by Vanguard of purchase, redemption and exchange orders for shares of the VVIF Portfolios. The Intermediary may designate and authorize such Underlying Intermediaries as it deems necessary, appropriate or desirable, to accept accept, in such capacity, Instructions from or on behalf of Policy owners owners, and such other transaction directions from the Accounts (each such designated and authorized Underlying Intermediary, a “Designated UI”). A VVIF Portfolio will be deemed to have received a purchase, redemption or exchange order when the Intermediary or a Designated UI accepts the Instructions or other Account transaction directions in accordance with this Agreement. In most instances, a Policy owner or Account will receive the unit price corresponding to the share price next computed by the VVIF Portfolio after the time at which such Policy owner or Account provides its Instructions or Account transaction directions, respectively, to the Intermediary or Designated UI, provided all of the requirements and obligations of the Intermediary and the Designated Uls UIs with respect to acceptance and transmission of orders set forth in this Agreement are satisfied. The Intermediary shall be liable to Vanguard and the VVI Fund for the Designated UIs’ compliance with the terms of this Section 6(al 1(a) to the same extent as if the Intermediary itself had acted or failed to act instead of the Designated UI.

Authorization of Intermediary and Underlying Intermediaries. Subject to any and all limitations and other terms set forth in this AgreementAgreement and in the DCC&S Operating/Contingency Procedures, Vanguard, as transfer agent for the Vanguard Funds, hereby appoints the Intermediary as the limited agent of Vanguard, and the Intermediary hereby accepts such appointment, for the purpose of treating transaction instructions received by the Intermediary from Policy owners or on behalf of Plans and Accounts (to the extent such instructions would result in the purchase, redemption or exchange of VVIF Portfolio shares by an AccountVanguard Fund shares) (“Instructions”) as receipt by Vanguard of purchase, redemption and exchange orders for shares of the VVIF PortfoliosVanguard Funds. The Intermediary may designate and authorize such Underlying Intermediaries as it deems necessary, appropriate or desirable, to accept Instructions on the Vanguard Funds’ behalf orders from or on behalf of Policy owners (each such designated Plans and/or Accounts for the purchase, redemption and authorized Underlying Intermediary, a “Designated UI”)exchange of shares of the Vanguard Funds. A VVIF Portfolio Vanguard Fund will be deemed to have received a purchase, redemption or exchange order when the Intermediary or a Designated UI an Underlying Intermediary accepts the Instructions corresponding to the order in accordance with this Agreement. In most instances, a Policy owner Plan or Account will receive the unit price corresponding to the share price next computed by the VVIF Portfolio Vanguard Fund after the time at which such Policy owner provides its Instructions are provided to the Intermediary or Designated UIUnderlying Intermediary, provided all of the requirements and obligations of the Intermediary and the Designated Uls Underlying Intermediaries with respect to acceptance and transmission of orders set forth in this Agreement are satisfied. The Intermediary shall be liable to Vanguard and the VVI Fund Vanguard Funds for the Designated UIsUnderlying Intermediaries’ compliance with the terms of this Section 6(al 1(a) to the same extent as if the Intermediary itself had acted or failed to act instead of the Designated UIUnderlying Intermediary.