Common use of Purchase of Shares from the Fund Clause in Contracts

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributor, and the Distributor will sell on behalf of the Fund, the shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable Account. The price that the Distributor shall pay for the shares corresponding to each portfolio so purchased shall be the net asset value per share corresponding to such portfolio, as determined on the basis set forth in Section 2.3(c) of this Agreement. (b) The shares corresponding to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s portfolios) shall be resold by the Distributor to the Company for allocation to the Variable Account at the net asset value per share of such portfolio. (c) On each day in which the net asset value of the shares corresponding to any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, the net asset value of such shares by 90 minutes after the close of the New York Stock Exchange or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus of the Fund. (d) The Fund shall have the right to suspend the sale of shares corresponding to any of its portfolios at times when redemption of such shares is suspended pursuant to the conditions set forth in Section 2.4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to any of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributor, and the Distributor will sell on behalf of the Fund, the shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable Account. The price that the Distributor shall pay for the shares corresponding to each portfolio so purchased shall be the net asset value per share corresponding to such portfolio, as determined on the basis set forth in Section 2.3(c) of this Agreement. (b) The shares corresponding to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s 's portfolios) shall be resold by the Distributor to the Company for allocation to the Variable Account at the net asset value per share of such portfolio. (c) On each day in which the net asset value of the shares corresponding to any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, the net asset value of such shares by 90 minutes after the close of the New York Stock Exchange or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus of the Fund. (d) The Fund shall have the right to suspend the sale of shares corresponding to any of its portfolios at times when redemption of such shares is suspended pursuant to the conditions set forth in Section 2.4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to any of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributoroffer, and PML shall have the Distributor will sell on behalf of the Fundright to buy, the Fund shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor PML by the Company for allocation to the Variable AccountAccounts. The price that the Distributor which PML shall pay for the shares corresponding to of each portfolio Portfolio so purchased shall be the net asset value per share corresponding to of such portfolioPortfolio, as determined on the basis set forth in Section 2.3(c3(c) of this Agreement. (b) The shares corresponding of each Portfolio are to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s portfolios) shall be resold by the Distributor PML to the Company for allocation to the Variable Account Accounts at the net asset value per share of such portfolioPortfolio. (c) On each day in which the net asset value of the shares corresponding to of any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, PML with the net asset value of such shares by 90 minutes after the close of the 5:30 p.m. New York Stock Exchange City time or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus Registration Statement of the Fund. (d) The Fund shall have the right to suspend the sale of shares corresponding to of any of its portfolios Portfolios at times when redemption of any such shares is suspended pursuant to the conditions set forth in Section 2.4(b4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to of any or all of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributoroffer, and the Distributor will sell on behalf of shall have the Fundright to buy, the Fund shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable AccountAccounts. The price that which the Distributor shall pay for the shares corresponding to of each portfolio Portfolio so purchased shall be the net asset value per share corresponding to of such portfolioPortfolio, as determined on the basis set forth in Section 2.3(c3(c) of this Agreement. (b) The shares corresponding of each Portfolio are to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s portfolios) shall be resold by the Distributor to the Company for allocation to the Variable Account Accounts at the net asset value per share of such portfolioPortfolio. (c) On each day in which the net asset value of the shares corresponding to of any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, Distributor with the net asset value of such shares by 90 minutes after the close of the 5:30 p.m. New York Stock Exchange City time or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus Prospectus of the Fund. (d) The Fund shall have the right to suspend the sale sales of shares corresponding to of any of its portfolios Portfolios at times when redemption of any such shares is suspended pursuant to the conditions set forth in Section 2.4(b4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to of any or all of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributoroffer, and the Distributor will sell on behalf of shall have the Fundright to buy, the Fund shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable AccountAccounts. The price that which the Distributor shall pay for the shares corresponding to of each portfolio Portfolio so purchased shall be the net asset value per share corresponding to of such portfolio, Portfolio as determined on the basis set forth in Section 2.3(c3(c) of this Agreement. (b) The shares corresponding of each Portfolio are to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s portfolios) shall be resold by the Distributor to the Company for allocation to the Variable Account Accounts at the net asset value per share of such portfolioPortfolio. (c) On each day in which the net asset value of the shares corresponding to of any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, Distributor with the net asset value of such shares by 90 minutes after the close of the 5:30 p.m. New York Stock Exchange City time or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus Prospectus of the Fund. (d) The Fund shall have the right to suspend the sale of shares corresponding to of any of its portfolios Portfolios at times when redemption of any such shares is suspended pursuant to the conditions set forth in Section 2.4(b4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to of any or all of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributor, Distributor and the Distributor will sell on behalf of the Fund, the shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable Account. The price that the Distributor shall pay for the shares corresponding to each portfolio so purchased shall be the net asset value per share corresponding to such portfolio, as determined on the basis set forth in Section 2.3(c) of this Agreement. (b) The shares corresponding to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s 's portfolios) shall be resold by the Distributor to the Company for allocation to the Variable Account at the net asset value per share of such portfolio. (c) On each day in which the net asset value of the shares corresponding to any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, the net asset value of such shares by 90 minutes after the close of the New York Stock Exchange or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus of the Fund. (d) The Fund shall have the right to suspend the sale of shares corresponding to any of its portfolios at times when redemption of such shares is suspended pursuant to the conditions set forth in Section 2.4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to any of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.

Purchase of Shares from the Fund. (a) The Fund will make available to the Distributor, Distributor and the Distributor will sell on behalf of the Fund, the shares of the Fund needed to fill unconditional orders for shares of the Fund placed with the Distributor by the Company for allocation to the Variable Account. The price that the Distributor shall pay for the shares corresponding to each portfolio so purchased shall be the net asset value per share corresponding to such portfolio, as determined on the basis set forth in Section 2.3(c) of this Agreement. (b) The shares corresponding to each portfolio (other than shares sold to and purchased by the Distributor to provide initial capital to any of the Fund’s portfolios) shall be resold by the Distributor to the Company for allocation to the Variable Account at the net asset value per share of such portfolio. (c) On each day in which the net asset value of the shares corresponding to any Portfolio is determined, the Fund shall provide to the Distributor, for it to provide to the Company, the net asset value of such shares by 90 minutes after the close of the New York Stock Exchange or at such later time as shall be agreed to by the parties. The net asset value of such shares shall be determined in accordance with the method set forth in the current prospectus of the Fund. (d) The Fund shall have the right to suspend the sale of shares corresponding to any of its portfolios at times when redemption of such shares is suspended pursuant to the conditions set forth in Section 2.4(b) of this Agreement. The Fund shall also have the right to suspend the sale of shares corresponding to any of its Portfolios if trading on the New York Stock Exchange shall have been suspended, if a banking moratorium shall have been declared, or if there shall have been some other extraordinary event that, in the judgment of the Fund, makes it impracticable to sell any such shares.