Common use of Central Time Clause in Contracts

Central Time. In the event that Underwriter is unable to meet the 6:00 p.m. time stated immediately above, then Underwriter shall provide the Company with additional time to notify Underwriter of purchase or redemption orders pursuant to Sections 1.1 and 1.4, respectively above. Such additional time shall be equal to the additional time that Underwriter takes to make the net asset values available to the Company provided, however, that notification must be made by 10:00 a.m. Central time on the Business Day such order is to be executed, regardless of when net asset value is made available.

Appears in 10 contracts

Samples: Participation Agreement (Preferred Life Variable Account C), Participation Agreement (Allianz Life Variable Account B), Participation Agreement (Allianz Life Variable Account B)

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