Common use of Method of Communication Clause in Contracts

Method of Communication. (i) Next Day Transmission of Orders. On each Business Day, the Company shall aggregate and calculate the net purchase and redemption orders for each Variable Account received by the Company prior to the Close of Trading on each Business Day (the "Trade Date"). Prior to 8:30 a.m. New York Time (or such other time as may be agreed by the parties from time to time) on the next following Business Day, the Company shall communicate to Distributor or its designee by facsimile or any other method agreed upon by the parties, the net aggregate purchase or redemption orders (if any) for each Variable Account received by the Close of Trading on the "Trade Date." All orders communicated to Distributor or its designee by the 8:30 a.m. deadline (or such other time as may be agreed by the parties from time to time) shall be treated by Distributor or its designee as if received prior to the Close of Trading on the Trade Date.

Method of Communication. (iI) Next Day Transmission of Orders. On each Business Day, the Company Service Party shall aggregate and calculate the net purchase and redemption orders for each Variable Account received by the Company Service Party prior to the Close of Trading on each Business Day (the "Trade Date"). Prior to 8:30 a.m. New York Time (or such other time as may be agreed by the parties from time to time) on the next following Business Day, the Company Service Party shall communicate to Distributor or its designee by facsimile or any other method agreed upon by the parties, the net aggregate purchase or redemption orders (if any) for each Variable Account received by the Close of Trading on the "Trade Date." ". All orders communicated to Distributor or its designee by the 8:30 a.m. deadline (or such other time as may be agreed by the parties from time to time) shall be treated by Distributor or its designee as if received prior to the Close of Trading on the Trade Date.