For purposes of Sections. 1.1 and 1.3, the Company shall be the agent of the Fund for receipt of purchase and redemption orders from the Account and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order on any Business Day by the close of the NYSE (usually 4:00 p.m. Eastern Time) on such Business Day and the Fund or its agent receives notice of such order by 9:00 a.m. Eastern Time on the next following Business Day. "Business Day" shall mean any day on which the NYSE 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 (Aul American Individual Variable Life Unit Trust), Participation Agreement (Aul American Unit Trust)
For purposes of Sections. 1.1 and 1.3, the Company shall be the agent of the Fund for receipt of purchase and redemption orders from the Account and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order on any Business Day by the close of 4:00 p.m. EST or such other time that the NYSE is open until (usually 4:00 p.m. Eastern TimeTrade Date) on such Business Day and the Fund or its agent receives notice of such order by 9:00 8:30 a.m. Eastern Time EST on the next following Business DayDay (Trade Date + 1). "Business Day" shall mean any day on which the NYSE 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: Investment Services Agreement (Variable Annuity Life Insurance Co Separate Account A)
For purposes of Sections. 1.1 and 1.3, the Company shall be the agent of the Fund for receipt of purchase and redemption orders from the Account and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order on any Business Day by the close of 4:00 p.m. EST or such other time that the NYSE is open until (usually 4:00 p.m. Eastern TimeTrade Date) on such Business Day and the Fund or its agent receives notice of such order by 9:00 9:30 a.m. Eastern Time EST on the next following Business DayDay (Trade Date + 1). "Business Day" shall mean any day on which the NYSE 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: Investment Management Agreement (Metlife Investors Usa Separate Account A)
