Common use of Resubmission of Certain Orders Clause in Contracts

Resubmission of Certain Orders. Any Order timely entered onto Fund/SERV which is rejected by either Vanguard or the NSCC (other than as a result of an NSCC Outage, as defined below) may, in Vanguard’s sole discretion, be accorded a trade date (and corresponding trade price) that is the date of receipt of the Instructions corresponding to such Order by the Company (T) if all of the following conditions are satisfied: (i) The Company calls Vanguard not later than 8:30 a.m. Eastern time on T+1 to notify Vanguard of its intent to resubmit the order on T+1; (ii) Upon receipt of such notification, Vanguard authorizes the Company to resubmit such order; (iii) Such order is resubmitted on T+1 via NSCC Cycle 12 and is received by Vanguard not later than 10:00 a.m. Eastern time on T+1; and 0241320 0.8 DCC&S VA INSURANCE PRODUCT (iv) If such order was rejected by the NSCC for system-related reasons, the Company shall submit such order to Vanguard via facsimile to (000) 000-0000, and such facsimile shall be received by Vanguard not later than 10:00 a.m. Eastern time on T+1. All such resubmitted Orders that are accepted by Vanguard shall settle in accordance with the settlement procedures set forth herein. Notwithstanding the foregoing, Vanguard reserves the right to reject any purchase Order, and to delay settlement of or redeem in kind any redemption Order, resubmitted on T+1 with an intended trade date (and trade price) of T if Vanguard, in its sole discretion, deems such Order to be disruptive or detrimental to the applicable Vanguard Fund. Any purchase Order so rejected will be accorded a trade date of T+1, subject to applicable Extraordinary Event limitations set forth in the Agreement.

Resubmission of Certain Orders. Any Order timely entered onto Fund/SERV by the Intermediary which is rejected by either Vanguard or the NSCC (other than as a result of an NSCC Outage, as defined below) may, in Vanguard’s sole discretion, be accorded a trade date (and corresponding trade price) that is the date of receipt of the Instructions corresponding to such Order order by the Company Intermediary (T) if all of the following conditions are satisfied: (i) The Company Intermediary calls Vanguard not later than 8:30 a.m. Eastern time on T+1 to notify Vanguard of its intent to resubmit the order on T+1; (ii) Upon receipt of such notification, Vanguard authorizes the Company Intermediary to resubmit such order; (iii) Such order is resubmitted on T+1 T+I via NSCC Cycle 12 and is received by Vanguard not later than 10:00 a.m. Eastern time on T+1T+I; and 0241320 0.8 DCC&S VA INSURANCE PRODUCTand (iv) If such order was rejected by the NSCC for system-related reasons, the Company Intermediary shall submit such order to Vanguard via facsimile to (000) 000-0000, and such facsimile shall be received by Vanguard not later than 10:00 a.m. Eastern time on T+1. T+I. All such resubmitted Orders that are accepted by Vanguard shall settle in accordance with the settlement procedures set forth herein. Notwithstanding the foregoing, Vanguard reserves the right to reject any purchase Order, and to delay settlement of or redeem in kind any redemption Order, resubmitted on T+1 T+I with an intended trade date (and trade price) of T if Vanguard, in its sole discretion, deems such Order to be disruptive or detrimental to the applicable Vanguard Fund. Any purchase Order so rejected will be accorded a trade date of T+1T+I, subject to applicable Extraordinary Plan Event limitations set forth in the Agreement.

Resubmission of Certain Orders. Any Order timely entered onto Fund/SERV by the Intermediary which is rejected by either Vanguard or the NSCC (other than as a result of an NSCC Outage, as defined below) may, in Vanguard’s sole discretion, be accorded a trade date (and corresponding trade price) that is the date of receipt of the Instructions or Account transaction directions corresponding to such Order by the Company Intermediary (T) if all of the following conditions are satisfied: (i) The Company Intermediary calls Vanguard not later than 8:30 a.m. Eastern time on T+1 to notify Vanguard of its intent to resubmit the order Order on T+1; (ii) Upon receipt of such notification, Vanguard authorizes the Company Intermediary to resubmit such orderOrder; (iii) Such order Order is resubmitted on T+1 via NSCC Cycle 12 and is received by Vanguard not later than 10:00 a.m. Eastern time on T+1; and 0241320 0.8 DCC&S VA INSURANCE PRODUCTand (iv) If such order Order was rejected by the NSCC for system-related reasons, the Company Intermediary shall submit such order Order to Vanguard via facsimile to (000) 000-0000, and such facsimile shall be received by Vanguard not later than 10:00 a.m. Eastern time on T+1. All such resubmitted Orders that are accepted by Vanguard shall settle in accordance with the settlement procedures set forth herein. Notwithstanding the foregoing, Vanguard reserves the right to reject any purchase Order, and to delay settlement of or redeem in kind any redemption Order, resubmitted on T+1 with an intended trade date (and trade price) of T if Vanguard, in its sole discretion, deems such Order to be disruptive or detrimental to the applicable Vanguard FundVVIF Portfolio. Any purchase Order so rejected will be accorded a trade date of T+1, subject to applicable Extraordinary Event limitations set forth in the Agreement.

Resubmission of Certain Orders. Any Order timely entered onto Fund/SERV by the Intermediary which is rejected by either Vanguard or the NSCC (other than as a result of an NSCC Outage, as defined below) may, in Vanguard’s sole discretion, be accorded a trade date (and corresponding trade price) that is the date of receipt of the Instructions corresponding to such Order order by the Company Intermediary (T) if all of the following conditions are satisfied: (i) The Company Intermediary calls Vanguard not later than 8:30 a.m. Eastern time on T+1 to notify Vanguard of its intent to resubmit the order on T+1; (ii) Upon receipt of such notification, Vanguard authorizes the Company Intermediary to resubmit such order; (iii) Such order is resubmitted on T+1 via NSCC Cycle 12 and is received by Vanguard not later than 10:00 a.m. Eastern time on T+1; and 0241320 0.8 DCC&S VA INSURANCE PRODUCTand (iv) If such order was rejected by the NSCC for system-related reasons, the Company Intermediary shall submit such order to Vanguard via facsimile to (000) 000-0000, and such facsimile shall be received by Vanguard not later than 10:00 a.m. Eastern time on T+1. All such resubmitted Orders that are accepted by Vanguard shall settle in accordance with the settlement procedures set forth herein. Notwithstanding the foregoing, Vanguard reserves the right to reject any purchase Order, and to delay settlement of or redeem in kind any redemption Order, resubmitted on T+1 with an intended trade date (and trade price) of T if Vanguard, in its sole discretion, deems such Order to be disruptive or detrimental to the applicable Vanguard FundVVIF Portfolio. Any purchase Order so rejected will be accorded a trade date of T+1, subject to applicable Extraordinary Plan Event limitations set forth in the Agreement.

Resubmission of Certain Orders. Any Order timely entered onto Fund/SERV by the Intermediary which is rejected by either Vanguard or the NSCC (other than as a result of an NSCC Outage, as defined below) may, in Vanguard’s sole discretion, be accorded a trade date (and corresponding trade price) that is the date of receipt of the Instructions corresponding to such Order by the Company Intermediary (T) if all of the following conditions are satisfied: (i) The Company Intermediary calls Vanguard not later than 8:30 a.m. Eastern time on T+1 to notify Vanguard of its intent to resubmit the order on T+1; (ii) Upon receipt of such notification, Vanguard authorizes the Company Intermediary to resubmit such order; (iii) Such order is resubmitted on T+1 via NSCC Cycle 12 and is received by Vanguard not later than 10:00 a.m. Eastern time on T+1; and 0241320 0.8 DCC&S VA INSURANCE PRODUCTand (iv) If such order was rejected by the NSCC for system-related reasons, the Company Intermediary shall submit such order to Vanguard via facsimile to (000) 000-0000, and such facsimile shall be received by Vanguard not later than 10:00 a.m. Eastern time on T+1. All such resubmitted Orders that are accepted by Vanguard shall settle in accordance with the settlement procedures set forth herein. Notwithstanding the foregoing, Vanguard reserves the right to reject any purchase Order, and to delay settlement of or redeem in kind any redemption Order, resubmitted on T+1 with an intended trade date (and trade price) of T if Vanguard, in its sole discretion, deems such Order to be disruptive or detrimental to the applicable Vanguard Fund. Any purchase Order so rejected will be accorded a trade date of T+1, subject to applicable Extraordinary Event limitations set forth in the Agreement.

Resubmission of Certain Orders. Any Order timely entered onto Fund/SERV by the Intermediary which is rejected by either Vanguard or the NSCC (other than as a result of an NSCC Outage, as defined below) may, in Vanguard’s 's sole discretion, be accorded a trade date (and corresponding trade price) that is the date of receipt of the Instructions corresponding to such Order order by the Company Intermediary (T) if all of the following conditions are satisfied: (i) The Company Intermediary calls Vanguard not later than 8:30 a.m. Eastern time on T+1 to notify Vanguard of its intent to resubmit the order on T+1; (ii) Upon receipt of such notification, Vanguard authorizes the Company Intermediary to resubmit such order; (iii) Such order is resubmitted on T+1 via NSCC Cycle 12 and is received by Vanguard not later than 10:00 l0:00 a.m. Eastern time on T+1; and 0241320 0.8 DCC&S VA INSURANCE PRODUCTand (iv) If such order was rejected by the NSCC for system-related reasons, the Company Intermediary shall submit such order to Vanguard via facsimile to (000610) 000669-00004012, and such facsimile shall be facsxxxxx xxxxx xx received by Vanguard not later than 10:00 a.m. Eastern time on T+1. All such resubmitted Orders that are accepted by Vanguard shall settle in accordance with the settlement procedures set forth herein. Notwithstanding the foregoing, Vanguard reserves the right to reject any Plan purchase Order, and to delay settlement of or redeem in kind any Plan redemption Order, resubmitted on T+1 with an intended trade date (and trade price) of T if Vanguard, in its sole discretion, deems such Order to be disruptive or detrimental to the applicable Vanguard Fund. Any Plan purchase Order so rejected will be accorded a trade date of T+1, subject to applicable Extraordinary Plan Event limitations set forth in the Agreement.