Common use of Central time each Business Day Clause in Contracts

Central time each Business Day. 1.9 The Trust agrees that its Fund shares (or any Class thereof) will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Mixed and Shared Funding Exemptive Order. The Trust agrees that it will not sell shares of its Funds (or any Class thereof) to any other insurance company or separate account unless an agreement containing provisions substantially the same as Section 2.4 and Articles I and V of this Agreement is in effect to govern sales. No shares of any Fund (or any Class thereof) will be sold directly to the general public. Minnesota Life agrees that it will use Trust shares only for the purposes of funding the Variable Insurance Products through the Accounts listed in Schedule A, as amended from time to time.

Central time each Business Day. 1.9 The Trust Fund agrees that its Fund Portfolio shares (or any Class thereof) will be sold only to Participating Insurance Companies and their separate accounts and to certain qualified pension and retirement plans to the extent permitted by the Mixed and Shared Funding Exemptive Order. The Trust Fund agrees that it will not sell shares of its Funds Portfolios (or any Class thereof) to any other insurance company or separate account unless an agreement containing provisions substantially the same as Section 2.4 and Articles I and V of this Agreement is in effect to govern sales. No shares of any Fund Portfolio (or any Class thereof) will be sold directly to the general public. Minnesota Life agrees that it will use Trust Fund shares only for the purposes of funding the Variable Insurance Products through the Accounts listed in Schedule A, as amended from time to time.