Common use of PURCHASE OF TRUST SHARES Clause in Contracts

PURCHASE OF TRUST SHARES. 1.1. The Trust agrees to make available for purchase by the Company shares of the Trust and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Trust or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such order not later than the appropriate fund closing time on the same Business Day that such order is received by the Company. "

PURCHASE OF TRUST SHARES. 1.1. The Trust agrees to make available for purchase by the Company shares of the Trust and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Trust or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives estimate notice of such order not later than the appropriate fund closing time on the same Business Day that such order is received by the CompanyCompany and provided that the Trust receives the final order by 9:00 a.m. Eastern time on the next following business day. "