Purchase and Sale of Fund Shares. 1.1. The Fund agrees to sell those shares of each Portfolio which each Account orders, executing such orders on a daily basis at the Net Asset Value (as hereafter defined) next computed after receipt by the Fund, or its designee (hereinafter, the "Processing Agent"), of the order for the shares of such Portfolio. For purposes of this Section 1.1, the Variable Products Operations Unit of the Company located in Albany, New York shall be the Processing Agent for receipt of such orders from each Account and receipt by the Processing Agent shall constitute receipt by the Fund thereof. No orders for the purchase and redemption of Fund shares, whether or not in good order (as such term is defined in Registration Statements (as hereafter defined)), on behalf of the Accounts will be accepted by the Processing Agent, or its duly appointed designees, after 4:00 p.m. Eastern time. Stated otherwise, only orders accepted by the Processing Agent, or its duly appointed designees, before 4:00 p.m. Eastern Time will be priced using the net asset value (hereinafter, the "NAV") next computed for that Business Day. The Processing Agent shall provide notice of such orders by 8:30 p.m. Eastern time on the next following Business Day (as hereafter defined). The Fund, acting by and through its designated agents and/or committee(s), shall provide the Processing Agent with the NAV for each Portfolio. The Fund shall make the NAV per share for each Portfolio available to the Processing Agent on each Business Day (as hereafter defined) as soon as reasonably practical after the net asset value per share is ca1culated (normally by 6:30 p.m. Eastern time) and shall use its best efforts to make such NAV per share available by 7 p.m. Eastern time. The Company shall then calculate multiple accumulation unit values ("AUVs") based on each Portfolio's NAV. Purchase and redemption orders in each Portfolio will be aggregated to arrive at the net amount of Account units to be either issued or redeemed and corresponding Portfolio shares to be purchased or sold. Not later than 9:00 a.m. Eastern time on the next following Business Day
Purchase and Sale of Fund Shares. 2 --------------------------------
Purchase and Sale of Fund Shares a. Purchases and sales of Fund Shares by the Custodian pursuant to this Agreement shall be made in accordance with applicable law, the Prospectus, the Fund's Prospectus and the Sponsor's Distribution Agreement with the Fund.
Purchase and Sale of Fund Shares. 26 2. MAINTENANCE....................................................29 3. STATEMENTS.....................................................30 4.
Purchase and Sale of Fund Shares. (a) The public offering price at which you may offer the Shares is the net asset value thereof plus any sales charge applicable to such Shares (the "Sales Charge"), as computed from time to time as described in the then-current Prospectus of the applicable class of the relevant Fund. You agree to make Shares of the Funds available to your customers subject to minimum investment requirements applicable to each order, unless you register your customer purchases in your name and omnibus account as nominee. You further acknowledge and agree that tracking and application of any Sales Charge, including any scheduled variation in, or elimination of, such Sales Charge, is your responsibility and will be charged uniformly to all offerees in the class specified in the Prospectus. You understand that all orders are subject to acceptance or rejection by us or the Funds in the sole discretion of either.
Purchase and Sale of Fund Shares. (a) The Shares will be offered at the net asset value (“NAV”), as computed from time to time as described in the then-current prospectus of the Fund. Hefren understands that all Orders are subject to acceptance or rejection by the Series Trust, or its designated agent, in its sole discretion.
Purchase and Sale of Fund Shares. (a) The public offering price at which you may offer the Shares is the net asset value (“NAV”) thereof, as computed from time to time as described in the then-current prospectus of the Fund. You agree to sell Shares of the Funds to your customers in accordance with the terms of the Fund’s applicable prospectus and subject to minimum investment requirements applicable to each order, unless you register your customer purchases in your name and omnibus account as nominee. You understand that all Orders (as defined below) are subject to acceptance or rejection by the Funds in their sole discretion. We and the Funds reserve the right to suspend or limit the sale of Shares.
Purchase and Sale of Fund Shares. 1.1 The Trust or its designee shall make available to the Investment Portfolio for purchase Shares without any initial or deferred sales charges, without any minimum initial or subsequent investment amounts, and subject to the terms and conditions of this Agreement and the Fund’s then current prospectus and statement of additional information as supplemented from time to time (collectively, the “Prospectus”), at the applicable net asset value per Share on those days on which the Fund calculates its net asset value (the “NAV”). Such NAV shall be calculated on each day on which the New York Stock Exchange is open for trading (each a “Business Day”) as of the close of regular trading on the New York Stock Exchange (currently 4:00 p.m. ET) or as of such earlier time at which a Fund’s NAV is calculated as set forth in accordance with the Fund’s Prospectus (“Close of Trading”).
Purchase and Sale of Fund Shares. (a) The public offering price at which you may offer the Shares is the net asset value thereof plus any sales charge applicable to such Shares (the "Sales Charge"), as computed from time to time as described in the then-current prospectus or statement of additional information (collectively, the "Prospectus") of the applicable class of the relevant Fund. You agree to make Shares of the Funds available to your customers subject to minimum investment requirements applicable to each order, unless you register your customer purchases in your name and omnibus account as nominee. You further acknowledge and agree that tracking and application of any Sales Charge, including any scheduled variation in, or elimination of, such Sales Charge, is your responsibility and will be charged uniformly to all offerees in the class specified in the Prospectus. You understand that all orders are subject to acceptance or rejection by us or the Funds in the sole discretion of either.
Purchase and Sale of Fund Shares. (a) The public offering price at which you may offer the Shares is the net asset value thereof, as computed from time to time as described in the then- current prospectus of the Fund. You agree to sell Shares of the Funds to your clients subject to minimum investment requirements applicable to each order, unless you register your client purchases in your name and omnibus account as nominee. You understand that all orders are subject to acceptance or rejection by us in our sole discretion.
