Common use of PROCESSING AND TIMING OF TRANSACTIONS Clause in Contracts

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer by 9:00 a.m. Central time on the next following Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous Business Day ("Day 1"). Any Orders received by the Company after the Close of Trading, and all Orders that are transmitted to the Issuer after 9:00 a.m. Central time on the next following Business Day, will be executed by the Issuer at the net asset value next determined following receipt of such Order. The day as of which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 3 contracts

Samples: Participation Agreement (Bma Variable Life Account A), Participation Agreement (Bma Variable Life Account A), Fund Participation Agreement (Great American Reserve Variable Annuity Account F)

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PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The funds hereby appoints appoint the Company as its their agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer Funds' transfer agent by 9:00 8:30 a.m. Central time on the next following Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading Trading, on the previous Business Day ("Day 1"). Any Orders received by the Company after the Close of Trading, and all Orders that are transmitted to by the Issuer Company after 9:00 8:30 a.m. Central time on the next following Business Day, will be executed by the Issuer at the net asset value next determined following receipt of such Order. The day as of which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 2 contracts

Samples: Fund Participation Agreement (Pruco Life Variable Universal Account), Participation Agreement (Pruco Life Variable Universal Account)

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The Issuer hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer by 9:00 a.m. Central time on the next following Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous Business Day ("Day 1"). Any Orders received by the Company after the Close of Trading, and all Orders that are transmitted to the Issuer after 9:00 a.m. Central time on the next following Business Day, will be executed by the Issuer at the net asset value next determined following receipt by the Issuer of such Order. The day as of which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 2 contracts

Samples: Fund Participation Agreement (American Enterprise Variable Annuity Account), Fund Participation Agreement (American Enterprise Variable Annuity Account)

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The Issuer hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer by 9:00 a.m. p.m. Central time on the next following such Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous such Business Day ("Day 1")Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Issuer after 9:00 a.m. p.m. Central time on the next following such Business Day, will be executed by the Issuer at the net asset value determined as of the Close of Trading on the next determined Business Day following the day of receipt of such Order. The day as of on which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 2 contracts

Samples: Fund Participation Agreement (Hartford Life Insurance Co Separate Account Two Dc Var Ac Ii), Fund Participation Agreement (Hartford Life Insurance Co Separate Account Two Dc Var Ac Ii)

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The Issuer hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds Fund ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer by 9:00 a.m. p.m. Central time on the next following such Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous such Business Day ("Day 1")Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Issuer after 9:00 a.m. p.m. Central time on the next following such Business Day, will be executed by the Issuer at the net asset value determined as of the Close of Trading on the next determined Business Day following the day of receipt of such Order. The day as of on which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 1 contract

Samples: Agreement (Cg Variable Life Insurance Separate Account A)

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The Issuer hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time“Day 1”) and transmitted to the Issuer by 9:00 8:15 a.m. Central time on the next following Business Day following receipt of such Orders (“Day 2”) will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous Business Day ("Day 1"). Any Orders received by the Company on Day 1 but after the Close of Trading, and all Orders that are transmitted to the Issuer after 9:00 8:15 a.m. Central time on the next following Business DayDay 2, will be executed by the Issuer at the net asset value next determined as of the Close of Trading on Day 2 (provided the Order is transmitted to investors Research prior to 8:15 a.m. on the Business Day following receipt of such OrderDay 2). The day as of which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date"”. Unless otherwise specified in writing by the Company to Investors Research, all Fund shares shall be issued and transferred in book entry form only.

Appears in 1 contract

Samples: Fund Participation Agreement (Kansas City Life Variable Life Separate Account)

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PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicable. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer Issuers by 9:00 a.m. Central time on the next following Business Day will be executed by the Issuer Issuers at the net asset value determined as of the Close of Trading on the previous Business Day ("Day 1I "). Any Orders received by the Company on such Business Day after the Close of Trading, and all Orders that are transmitted to the Issuer Issuers after 9:00 a.m. Central time on the next following Business Day, will be executed by the Issuer Issuers at the net asset value next determined following receipt of such Order. The day as of which an Order is executed by the Issuer Issuers pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 1 contract

Samples: Fund Participation Agreement (Glenbrook Life Variable Life Separate Account A)

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The Issuer hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer by 9:00 a.m. p.m. Central time on the next following such Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous such Business Day ("Day 1")Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders orders that are transmitted to the Issuer after 9:00 a.m. p.m. Central time on the next following such Business Day, will be executed by the Issuer at the net asset value determined as of the Close of Trading on the next determined Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date".

Appears in 1 contract

Samples: Fund Participation Agreement (Safeco Separate Account Sl)

PROCESSING AND TIMING OF TRANSACTIONS. (a) Distributor The Issuer hereby appoints the Company as its agent for the limited purpose of accepting purchase and redemption orders for Fund shares from the Plans and/or Participants, as applicableContract owners. On each day the New York Stock Exchange (the "Exchange") is open for business (each, a "Business Day"), the Company may receive instructions from the Plans and/or Participants Contract owners for the purchase or redemption of shares of the Funds Fund ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 3:00 p.m. Central time) and transmitted to the Issuer by 9:00 a.m. Central time on the next following Business Day will be executed by the Issuer at the net asset value determined as of the Close of Trading on the previous Business Day ("Day 1"). Any Orders received by the Company after the Close of Trading, and all Orders that are transmitted to the Issuer after 9:00 a.m. Central time on the next following Business Day, and all Orders that are transmitted to the Issuer after 9:00 a.m. Central time on the next following Business Day, will be executed by the Issuer at the net asset value next determined following receipt of such Order. The day as of which an Order is executed by the Issuer pursuant to the provisions set forth above is referred to herein as the "Effective Trade Date". All Fund shares shall be issued and transferred in book entry form only.

Appears in 1 contract

Samples: Fund Participation Agreement (Carillon Life Account)

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