Common use of Duplicate Transmission Clause in Contracts

Duplicate Transmission. If any of the foregoing results in the duplicate transmission of Orders (through both ITWS and facsimile transmission, for example) to Vanguard, and such duplicate Orders are not identified to Vanguard and canceled by Vanguard prior to the applicable Transaction Cut-Off Time(s) for the Orders specified below, the Intermediary will be responsible for any costs or losses associated with the subsequent cancellation of such duplicate Orders, except to the extent that the duplicate transmission is directly caused by system problems at Vanguard (or directly by Vanguard’s correction of system problems at Vanguard). The Intermediary may provide Vanguard with information about any duplicate orders by calling Vanguard’s Automated Processing Unit at (000) 000-0000.

Appears in 5 contracts

Samples: Participation Agreement (Mutual of America Separate Account No 2), Electronic Trading Agreement (Separate Account I of National Integrity Life Ins Co), Electronic Trading Agreement (Separate Account I of Integrity Life Insurance Co)

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