Common use of Mutual Fund Transactions Clause in Contracts

Mutual Fund Transactions. In the event you engage in mutual fund transactions, you hereby agree and acknowledge that XX Xxxxxx shall process orders for the purchase or redemption of mutual fund shares provided that (i) XX Xxxxxx receives the orders from you by the earlier of 4:00 p.m. on such day or such other time as determined by XX Xxxxxx or required by Applicable Laws or the applicable mutual fund’s prospectus and (ii) the applicable mutual fund has accepted the order for processing on that day. Orders that are accepted by the applicable mutual fund shall be priced by such mutual fund at the applicable net asset value of the mutual fund shares as computed by the mutual fund that same day for such transactions.

Mutual Fund Transactions. In the event you engage in mutual fund transactions, you hereby agree and acknowledge that XX Xxxxxx shall process orders for the purchase or redemption of mutual fund shares provided that (ia) XX Xxxxxx receives the orders from you by the earlier of 4:00 p.m. on such day or such other time as determined by XX Xxxxxx or required by Applicable Laws or the applicable mutual fund’s prospectus and (iib) the applicable mutual fund has accepted the order for processing on that day. Orders that are accepted by the applicable mutual fund shall be priced by such mutual fund at the applicable net asset value of the mutual fund shares as computed by the mutual fund that same day for such transactions.