Common use of Purchase and Redemption of Trust Portfolio Shares Clause in Contracts

Purchase and Redemption of Trust Portfolio Shares. 1.1 For purposes of this Article I, the Company shall be the Trust's agent for the receipt from each account of purchase orders and requests for redemption pursuant to the Contracts relating to each Portfolio, provided that the Company notifies the Trust of such purchase orders and requests for redemption by 9:30 a.m. Eastern time on the next following Business Day, as defined in Section 1.3.

Appears in 3 contracts

Samples: Participation Agreement (Reliastar Life Ins Co of New York Var Life Sep Acct I), Participation Agreement (Great American Reserve Variable Annuity Account G), Participation Agreement (Great American Reserve Insurance Co)

AutoNDA by SimpleDocs

Purchase and Redemption of Trust Portfolio Shares. 1.1 For purposes of this Article I, the Company shall be the Trust's agent for the receipt from each account Account of purchase orders and requests for redemption pursuant to the Contracts relating to each Portfolio, provided that the Company notifies the Trust of such purchase orders and requests for redemption by 9:30 a.m. Eastern time on the next following Business Day, as defined in Section 1.3.

Appears in 1 contract

Samples: Participation Agreement (Horace Mann Life Insurance Co Separate Account)

Purchase and Redemption of Trust Portfolio Shares. 1.1 For purposes of this Article I, the Company or its administrator shall be the Trust's agent for the receipt from each account of purchase orders and requests for redemption pursuant to the Contracts relating to each Portfolio, provided that the Company or its administrator notifies the Trust of such purchase orders and requests for redemption by 9:30 a.m. Eastern time on the next following Business Day, as defined in Section 1.3.

Appears in 1 contract

Samples: Participation Agreement (Transamerica Corporate Separate Account Sixteen)

AutoNDA by SimpleDocs

Purchase and Redemption of Trust Portfolio Shares. 1.1 For purposes of this Article I, the Company shall be the Trust's agent for the receipt from each account of purchase orders and requests for redemption pursuant to the Contracts relating to each PortfolioPortfolio from each Account, provided that the Company notifies the Trust of such purchase orders and requests for redemption by 9:30 9:00 a.m. Eastern time on the next following Business Day, as defined in Section 1.3.

Appears in 1 contract

Samples: Participation Agreement (First Variable Annuity Fund E)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!