For purposes of Sections. 1.1 and 1.4, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Accounts, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order prior to the determination of net asset value as set forth in the Fund's then current prospectus and the Fund receives notice of such order by 9:30 a.m. New York time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.
Appears in 14 contracts
Samples: Participation Agreement (Charter National Variable Annuity Account), Participation Agreement (Separate Account KGC of First Allmerica Fin Life Ins Co), Participation Agreement (First Metlife Investors Variable Annuity Account One)
For purposes of Sections. 1.1 and 1.4, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Accounts, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order prior to the determination of net asset value as set forth in the Fund's then current prospectus and the Fund receives notice of such order by 9:30 11:00 a.m. New York time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.
Appears in 2 contracts
Samples: Participation Agreement (Farmers Annuity Separate Account A), Participation Agreement (Kemper Investors Life Insurance Co)
For purposes of Sections. 1.1 and 1.4, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the AccountsAccount, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order prior to the determination of net asset value as set forth in the Fund's then current prospectus by 4:00 p.m. Baltimore time and the Fund receives notice of such order by 9:30 a.m. New York Baltimore time on the next following Business DayDay by facsimile transmission or by such other means as the Fund and the Company may agree to in writing. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.
Appears in 1 contract
Samples: Participation Agreement (Nyliac Variable Annuity Separate Account I)
