Common use of Price Errors Clause in Contracts

Price Errors. (a) In the event adjustments are required to correct any error in the computation of the net asset value of shares of a Fund, the Fund or Adviser shall promptly notify Company after discovering the need for those adjustments which result in a reimbursement to an Account in accordance with such Fund's then current policies on reimbursement. Notification may be made orally or via direct or indirect systems access. Any such notification shall be promptly followed by a letter written on Fund or Adviser letterhead and shall state for each day for which an error occurred the incorrect price, the correct price, and, to the extent communicated to the Fund's shareholder, the reason for the price change. Funds and Adviser agree that Company may send this writing, or derivation thereof (so long as such derivation is approved in advance by Funds or Adviser, which approval shall not be unreasonably withheld) to Owners that are affected by the price change.

Price Errors. (a) In the event adjustments are required to correct any error in the computation of the net asset value of shares of a the Fund, the Fund or Adviser shall promptly notify Company after discovering the need for those adjustments which result in a reimbursement to an Account in accordance with such Fund's then current policies on reimbursement. Notification may be made orally or via direct or indirect systems access. Any such notification shall be promptly followed by a letter written on Fund or Adviser letterhead and shall state for each day for which an error occurred the incorrect price, the correct price, and, to the extent communicated to the Fund's shareholder, the reason for the price change. Funds Fund and Adviser agree that Company may send this writing, or derivation thereof (so long as such derivation is approved in advance by Funds Fund or Adviser, which approval shall not be unreasonably withheld) to Owners that are affected by the price change.

Price Errors. (a) In the event adjustments are required to correct any error in the computation of the net asset value of shares of a FundFund shares, the Fund or Adviser shall promptly notify Company after discovering the need for those adjustments which result in a reimbursement to an Account in accordance with such Fund's or Designated Portfolio's then current policies on reimbursement. Notification may be made orally or via direct or indirect systems access. Any such notification shall be promptly followed by a letter shall be written on Fund or Adviser letterhead and shall must state for each day for which an error occurred the incorrect price, the correct price, and, to the extent communicated to the Fund's shareholder, the reason for the price change. Funds Fund and Adviser agree that Company may send this writing, or derivation thereof (so long as such derivation is approved in advance by Funds Fund or Adviser, which approval shall not be unreasonably withheld) to Owners that are affected by the price change.

Price Errors. (a) In the event adjustments are required to correct any error in the computation of the net asset value of shares of a FundFund shares, the Fund or Adviser shall promptly notify Company after discovering the need for those adjustments which result in a reimbursement to an Account in accordance with such Fund's or Designated Portfolio's then current policies on reimbursement. Notification may be made orally or via direct or indirect systems access. Any such notification shall be promptly followed by a letter written on Fund or Adviser letterhead and shall must state for each day for which an error occurred the incorrect price, the correct price, and, to the extent communicated to the Fund's shareholder, the reason for the price change. Funds Fund and Adviser agree that Company may send this writing, or derivation thereof (so long as such derivation is approved in advance by Funds Fund or Adviser, which approval shall not be unreasonably withheld) to Owners that are affected by the price change.