Common use of Sale of Trust Shares Clause in Contracts

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such orders by 10:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners holders and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners holders comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to help identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s 's prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”") on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1., the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall s hall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 a.m. 9:30 a. m. New York time on the next following Business Day. “Business Day” shall " s hall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s 's prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s 's prospectus, e.g.E.G., the close of regular trading on the New York Stock Exchange, Inc. (the “"NYSE”") on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided PROVIDED that the such Trust receives notice of such orders by 10:00 a.m. 9:00 a m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s 's prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary to identify and prevent market timing and late trading in Shares by Policy holdersPolicyholders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not knowingly engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to help identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s 's prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “"NYSE”") on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s 's prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders owners prior to the pricing time set forth in the applicable Portfolio’s 's prospectus, e.g., e.g. the close of regular trading on the New York Stock Exchange, Inc. (the “"NYSE”") on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided provide that the Trust receives notice of such orders by 10:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s 's prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize authorize, or facilitate market timing or late trading in Shares and will take all reasonable steps necessary to identify and prevent market timing and late trading in Shares by Policy holdersowners.

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s 's prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “"NYSE”") on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s 's prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s 's prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “"NYSE”") on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.11 A , the Company shall be the designee of the each Trust for receipt of such orders from Policy owners holders and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners holders comply with each Portfolio’s 's prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to help identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:30 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:30 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders. MFD acknowledges that the Company shall apply its own trade monitoring and restriction policies and procedures to trading of Fund shares hereunder which may differ from the criteria set forth in the Fund’s Prospectus and Statement of Additional Information (SAI).

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not knowingly engage in, authorize or facilitate market timing excessive trading or late trading in Shares and will take all reasonable steps necessary to (a) identify and prevent market timing and late trading in Shares by Policy holdersholders and (b) identify and prevent excessive trading by limiting the number of transfers in to the Portfolios by Policy holders in accordance with the policies set for in the applicable Portfolio’s prospectus or otherwise in accordance with written instructions from MFS or the Trust.

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares 79619 by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners holders and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time Eastern Time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners holders comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are arc available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the Trust; provided that the Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary to identify and prevent market timing and late trading in Shares by Policy holders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “"Business Day” " shall mean any day on which the NYSE is open for trading and on which the Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary to identify and prevent market timing and late trading in Shares by Policy holdersPolicyholders.

Sale of Trust Shares. 1.1. The Each Trust agrees to sell to the Company those Shares which the Accounts order (based on orders placed by Policy holders prior to the pricing time set forth in the applicable Portfolio’s prospectus, e.g., the close of regular trading on the New York Stock Exchange, Inc. (the “NYSE”) on that Business Day, as defined below) and which are available for purchase by such Accounts, executing such orders on a daily basis at the net asset value next computed after receipt by the such Trust or its designee of the order for the Shares. For purposes of this Section 1.1, the Company shall be the designee of the each Trust for receipt of such orders from Policy owners and receipt by such designee shall constitute receipt by the each Trust; provided that the such Trust receives notice of such orders by 10:00 9:00 a.m. New York time on the next following Business Day. “Business Day” shall mean any day on which the NYSE is open for trading and on which the such Trust calculates its net asset value pursuant to the rules of the SEC. The Company will ensure that orders for transactions in Shares by Policy owners comply with each Portfolio’s prospectus (including statement of additional information) restrictions with respect to purchases, redemptions and exchanges. Orders may be submitted via facsimile. The Company will not engage in, authorize or facilitate market timing or late trading in Shares and will take all reasonable steps necessary has implemented controls designed to identify and prevent market timing and late trading in Shares by Policy holders.