For purposes of Sections. 1.1 and 1.3, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Separate Account, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order by 4:00 p.m. New York City time and the Fund receives notice of such order by 8:30 a.m. New York City time on the next following business day.
Appears in 6 contracts
Samples: Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust), Fund Participation Agreement (Aul American Unit Trust), Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust)
For purposes of Sections. 1.1 and 1.31.5, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Separate Account, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order by 4:00 p.m. the close of business of the New York City time and Stock Exchange. The Company will use its best efforts to ensure that the Fund receives notice of such order by 8:30 9:30 a.m. New York City time on the next following business day.
Appears in 6 contracts
Samples: Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust), Fund Participation Agreement (Aul American Unit Trust), Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust)
For purposes of Sections. 1.1 and 1.31.5, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Separate Account, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order by 4:00 p.m. New York City time and the Fund receives notice of such order by 8:30 9:30 a.m. New York City time on the next following business day.
Appears in 5 contracts
Samples: Fund Participation Agreement (Aul American Individual Variable Life Unit Trust), Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust), Fund Participation Agreement (Aul American Individual Variable Annuity Unit Trust)
For purposes of Sections. 1.1 and 1.31.5, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Separate Account, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order by 4:00 p.m. New York City time time, or the close of the New York Stock Exchange if earlier, and the Fund receives notice of such order by 8:30 a.m. 10:00 a.m., New York City time on the next following business day.
Appears in 4 contracts
Samples: Fund Participation Agreement (Separate Account B of Pacific Mutual Life Insurance Co), Fund Participation Agreement (Pacific Innovations Trust), Participation Agreement (Separate Account B of Pacific Mutual Life Insurance Co)
