Order Placement and Payment. 1. Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Portfolio’s shares based on Contract Owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Portfolio shares. Company shall notify Ivy Funds VIP of the cash required to meet redemption payments.
Appears in 23 contracts
Samples: Participation Agreement (Variable Annuity-2 Series Account), Participation Agreement (Variable Annuity-2 Series Account), Participation Agreement (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny)
Order Placement and Payment. 1. Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Portfolio’s 's shares based on Contract Owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Portfolio shares. Company shall notify Ivy Funds VIP of the cash required to meet redemption payments.
Appears in 3 contracts
Samples: Participation Agreement (Ivy Funds Variable Insurance Portfolios, Inc.), Participation Agreement (Ivy Funds Variable Insurance Portfolios, Inc.), Participation Agreement (Ivy Funds Variable Insurance Portfolios, Inc.)
Order Placement and Payment. 1. Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Portfolio’s shares based on Contract Owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Portfolio shares. Company shall notify Ivy Funds VIP of the cash required to meet redemption payments.
Appears in 2 contracts
Samples: Participation Agreement (Massachusetts Mutual Variable Life Separate Account I), Participation Agreement (Massachusetts Mutual Variable Annuity Separate Account 4)
Order Placement and Payment. 1. Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Portfolio’s 's shares based on Contract Owner owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Portfolio shares. Company shall notify Ivy Funds VIP the Fund of the cash required to meet redemption payments.
Appears in 1 contract
Samples: Agreement (C M Life Variable Life Separate Account I)
Order Placement and Payment. 1. Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Portfolio’s shares based on Contract Owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Portfolio shares. Company shall notify Ivy Funds VIP the Fund of the cash required to meet redemption payments.
Appears in 1 contract
Samples: Agreement (C M Life Variable Life Separate Account I)
Order Placement and Payment. 1. l. The Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Designated Portfolio’s shares based on Contract Owner owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Designated Portfolio shares. The Company shall notify Ivy Funds VIP the Trust of the cash required to meet redemption payments.
Appears in 1 contract
Samples: Participation Agreement (SEPARATE ACCOUNT EQ OF VENERABLE INSURANCE & ANNUITY Co)
