Purchase, Redemption and Transfer of Shares. Section 2.1 In the event that NSCC Services or the DST system fails or is unavailable for any reason, the Underwriter shall accept, effect and record Contract transactions outside of NSCC Services in a manner consistent with Article I of the Agreement.
Appears in 3 contracts
Samples: Participation Agreement (Allianz Life Variable Account B), Participation Agreement (Principal Life Insurance Co Separate Account B), Allianz Life of Ny Variable Account C
Purchase, Redemption and Transfer of Shares. Section 2.1 In the event that NSCC Services or the DST system SS&C System fails or is unavailable for any reason, the Underwriter shall accept, effect and record Contract transactions outside of NSCC Services in a manner consistent with Article I Sections 1.5 and 1.7 of the Agreement.
Appears in 1 contract
Samples: Participation Agreement (Massachusetts Mutual Variable Life Separate Account I)
