Common use of Purchase and Redemption Procedures Clause in Contracts

Purchase and Redemption Procedures. (a) The Parties agree to communicate, process and settle purchase and redemption transactions for Designated Portfolio shares via the Fund/SERV and Networking systems of the National Securities Clearing Corporation ("NSCC"). The Fund hereby appoints the Company as an agent of the Fund for the limited purpose of receiving purchase and redemption requests on behalf of the Account (but not with respect to any Fund shares that may be held in the general account of the Company) for shares of those Designated Portfolios made available hereunder, based on allocations of amounts to the Account or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Account. Receipt of any such request (or relevant transactional information therefor) on any day the New York Stock Exchange (the "Exchange") is open for regular session trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC (a "Business Day") by the Company as such limited agent of the Fund prior to the time that the Fund ordinarily calculates its net asset value as described from time to time in the Fund Prospectus (which as of the date of execution of this Agreement is 4:00 p.m. Eastern Time) shall constitute receipt by the Fund on that same Business Day, provided that such request is transmitted to the Fund via the NSCC by the latest time trades (which as of the date of execution of this Agreement is ____ p.m. Eastern Time) are accepted by Fund/SERV. "Fund/SERV" shall mean NSCC's system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration. "Networking" shall mean NSCC's system that allows mutual funds and life insurance companies to exchange account level information electronically.

Purchase and Redemption Procedures. (a) The Parties agree to communicate, process and settle purchase and redemption transactions for Designated Portfolio Fund shares via the FundTrust/SERV and Networking systems of the National Securities Clearing Corporation ("NSCC"). The Fund Trust hereby appoints the Company as an agent of the Fund Trust for the limited purpose of receiving purchase and redemption requests on behalf of the Account (but not with respect to any Fund Trust shares that may be held in the general account of the Company) for shares of those Designated Portfolios Funds made available hereunder, based on allocations of amounts to the Account or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Account. Receipt of any such request (or relevant transactional information therefor) on any day the New York Stock Exchange (the "Exchange") is open for regular session trading and on which the Fund Trust calculates its net asset value pursuant to the rules of the SEC (a "Business Day") by the Company as such limited agent of the Fund Trust prior to the time that the Fund Trust ordinarily calculates its net asset value as described from time to time in the Fund Trust Prospectus (which as of the date of execution of this Agreement is 4:00 p.m. Eastern Time) shall constitute receipt by the Fund Trust on that same Business Day, provided that such request is transmitted to the Fund Trust via the NSCC by the latest time trades (which as of the date of execution of this Agreement is ____ p.m. Eastern Time) are accepted by FundTrust/SERV. "FundTrust/SERV" shall mean NSCC's system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration. "Networking" shall mean NSCC's system that allows mutual funds and life insurance companies to exchange account level information electronically.

Purchase and Redemption Procedures. (a) The Parties agree to communicate, process and settle purchase and redemption transactions for Designated Portfolio shares via the Fund/SERV and Networking systems of the National Securities Clearing Corporation ("NSCC"). The Fund hereby appoints the Company as an agent of the Fund for the limited purpose of receiving purchase and redemption requests on behalf of the Account (but not with respect to any Fund shares that may be held in the general account of the Company) for shares of those Designated Portfolios made available hereunder, based on allocations of amounts to the Account or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Account. Receipt of any such request (or relevant transactional information therefor) on any day the New York Stock Exchange (the "Exchange") is open for regular session trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC (a "Business Day") by the Company as such limited agent of the Fund prior to the time that the Fund ordinarily calculates its net asset value as described from time to time in the Fund Prospectus (which as of the date of execution of this Agreement is 4:00 p.m. Eastern Time) shall constitute receipt by the Fund on that same Business Day, provided that such request is transmitted to the Fund via the NSCC by the latest time trades (which as of the date of execution of this Agreement is ____ p.m. Eastern Time) are accepted by Fund/SERV. "Fund/SERV" shall mean NSCC's system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration. "Networking" shall mean NSCC's system that allows mutual funds and life insurance companies to exchange account level information electronically.

Purchase and Redemption Procedures. (a) The Parties agree to communicate, process and settle purchase and redemption transactions for Designated Portfolio Fund shares via the FundTrust/SERV and Networking systems of the National Securities Clearing Corporation ("“NSCC"”). The Fund Trust hereby appoints the Company as an agent of the Fund Trust for the limited purpose of receiving purchase and redemption requests on behalf of the Account (but not with respect to any Fund Trust shares that may be held in the general account of the Company) for shares of those Designated Portfolios Funds made available hereunder, based on allocations of amounts to the Account or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Account. Receipt of any such request (or relevant transactional information therefor) on any day the New York Stock Exchange (the "Exchange") is open for regular session trading and on which the Fund Trust calculates its net asset value pursuant to the rules of the SEC (a "“Business Day"”) by the Company as such limited agent of the Fund Trust prior to the time that the Fund Trust ordinarily calculates its net asset value as described from time to time in the Fund Trust Prospectus (which as of the date of execution of this Agreement is 4:00 p.m. Eastern Time) shall constitute receipt by the Fund Trust on that same Business Day, provided that such request is transmitted to the Fund Trust via the NSCC by the latest time trades (which as of the date of execution of this Agreement is ____ p.m. Eastern Time) are accepted by FundTrust/SERV. "Fund“Trust/SERV" ” shall mean NSCC's ’s system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration. "“Networking" ” shall mean NSCC's ’s system that allows mutual funds and life insurance companies to exchange account level information electronically.