Purchase of Fund Shares. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "
Appears in 7 contracts
Samples: Agreement (Phoenix Life Variable Universal Life Account), Agreement (Phoenix Life Variable Universal Life Account), Agreement (Phoenix Life Variable Universal Life Account)
Purchase of Fund Shares. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios Fund and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 9:30 a.m. Eastern time on the next following Business Day. "
Appears in 5 contracts
Samples: Participation Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co), Participation Agreement (Separate Account Fuvul of Allmerica Finan Life Ins & Annu Co), Participation Agreement (Separate Account Imo of First Allmerica Finan Life Ins Co)
Purchase of Fund Shares. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios Fund and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 9:00 a.m. Eastern time on the next following Business Day. "
Appears in 2 contracts
Samples: Participation Agreement (Fulcrum Separate Account of First Allmerica Fin Life Ins Co), Participation Agreement (Fulcrum Separate Account Allmerica Fin Life Ins & Annuity Co)
Purchase of Fund Shares. 1.1. The Fund agrees to make available for purchase by the Company shares of the Portfolios Fund and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern Easter time on the next following Business Day. "
Appears in 1 contract
Samples: Participation Agreement (American General Life Insurance Co Separate Account D)
Purchase of Fund Shares. 1.1. 1.1 The Fund agrees to make available for purchase by the Company shares of the Portfolios and shall execute orders order placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; , provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "
Appears in 1 contract
Samples: Participation Agreement (Valley Forge Life Insurance Co Variable Life Separate Accoun)
