Sales of Shares/Procedures Sample Clauses

Sales of Shares/Procedures. 1.1 Shares of the respective portfolios ("Portfolios") of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value next computed after receipt by the Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) of the Portfolios, and the variable contracts that use the Portfolios as an underlying investment medium ("Contracts"). (a) Transmission of Instructions For each Portfolio and for each Account maintained by the Company with such Portfolio, the Company shall transmit, or cause its designated agent(s) to transmit, to National Securities Clearing Corporation ("NSCC") (which shall forward the information to the transfer agent of the Fund), no more than 10 aggregate purchase orders as follows: (i) 5 purchase orders for the Accounts expressed in dollars (sent via NSCC's DCC&S System); and (ii) 5 purchase orders for the Accounts expressed in shares (sent via NSCC's DCC&S System); and no more than 10 aggregate redemption orders as follows: (i) 5 redemption orders for the Accounts expressed in dollars (sent via NSCC's DCC&S System); and (ii) 5 redemption orders for the Accounts expressed in shares (sent via NSCC's DCC&S System); each of which reflects the aggregated effect of all purchases and all redemptions of shares of the Portfolios in such categories, based upon instructions from each Account (collectively, "Instructions") received prior to the Close of Trading on a given

Sales of Shares/Procedures. 1.1 The Fund appoints the Company as the Fund’s agent for the limited purpose of receiving, accepting, processing and transmitting orders for the purchase and redemption of shares of the Fund by the Company on behalf of owners of variable annuity contracts (“Contracts”). The Company will not hold itself out to the public as a distributor for the Fund nor engage in any other activities for the Fund. Receipt and acceptance of any such order on any day the New York Stock Exchange is open for trading and on which a portfolios of the Fund listed on Schedule 1 (each a “Portfolio”) calculates its net asset value (a “Business Day”) pursuant to the rules of the Securities and Exchange Commission (“SEC”) by the Company as such limited agent of the Fund prior to the time that the Portfolio ordinarily calculates its net asset value as described from time to time in the Portfolio’s prospectus shall constitute receipt and acceptance by the Fund on that same Business Day, provided that the Fund receives notice of such request by such times as set forth below. Shares of the respective Portfolios of the Fund, as may be updated from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account for use as an underlying investment medium for the Contracts, at the net asset value next computed after receipt by the Company on behalf of the Fund of each order of shares, in accordance with the provisions of this Agreement and the then current prospectus(es) of the Portfolios. 1.1 (a) Transmission of Instructions For each Portfolio and for each Account maintained by the Company with such Portfolio, the Company shall transmit to National Securities Clearing Corporation (“NSCC”) (which shall forward the information to the transfer agent of the Fund), no more than ten aggregate purchase orders as follows: (i) five purchase orders for the Accounts expressed in dollars (sent via NSCC’s DCC&S System); and (ii) five purchase orders for the Accounts expressed in shares (sent via NSCC’s DCC&S System); (i) five redemption orders for the Accounts expressed in dollars (sent via NSCC’s DCC&S System); and (ii) five redemption orders for the Accounts expressed in shares (sent via NSCC’s DCC&S System);

Sales of Shares/Procedures. 1.1 Shares of the respective portfolios (“Portfolios”) of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value next computed after receipt by the Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) of the Portfolios, and the variable annuity contracts and variable life insurance contracts that use the Portfolios as an underlying investment medium (“Contracts”). 1.1(a) Transmission of Instructions For each Portfolio and for each Account maintained by the Company with such Portfolio, the Company shall transmit to National Securities Clearing Corporation (“NSCC”) (which shall forward the information to the transfer agent of the Fund), no more than two aggregate purchase orders as follows: (i) a purchase order for the Accounts expressed in dollars (sent via NSCC’s DCC&S System); and (ii) a purchase order for the Accounts expressed in shares (sent via NSCC’s DCC&S System); and no more than two aggregate redemption orders as follows: (i) a redemption order for the Accounts expressed in dollars (sent via NSCC’s DCC&S System); and (ii) a redemption order for the Accounts expressed in shares (sent via NSCC’s DCC&S System);

Sales of Shares/Procedures. 1.1 Fund shares (“Shares”) shall be sold by the respective portfolios (“Portfolios”) of Fund listed on Schedule 1.1 to the Agreement, as amended from time to time by the Parties, and purchased by Company for the appropriate subaccount of each Account at the net asset value next computed after receipt by Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) of the Fund that describe the Portfolios, and the Statement of Additional Information of the Fund; provided, however, if any conflicts exist among any such documents, then the terms of the Fund’s current prospectus(es) and the Statement of Additional Information shall control.

Sales of Shares/Procedures. 1.1 Shares of the respective Funds shall be sold by the Company through its agent DFAS, and purchased by Nationwide for the appropriate subaccount of each Variable Account, at the net asset value next computed after receipt by the Fund or its designee of each order of the Contract Owners, in accordance with the provisions of this Agreement, the then current prospectus(es) of the Funds, and the Variable Products. (a) Transmission of Instructions For each Fund and for each Variable Account maintained by Nationwide with such Fund, Nationwide shall transmit to NSCC (which shall forward the information to the transfer agent of the Fund), no more than 10 aggregate purchase orders as follows: (i) 5 purchase orders for the Variable Accounts expressed in dollars (sent via NSCC's DCC&S System); and (ii) 5 purchase orders for the Variable Accounts expressed in shares (sent via NSCC's DCC&S System); and and no more than 10 aggregate redemption orders as follows: (i) 5 redemption orders for the Variable Accounts expressed in dollars (sent via NSCC's DCC&S System); and (ii) 5 redemption orders for the Variable Accounts expressed in shares (sent via NSCC's DCC&S System);

Sales of Shares/Procedures. 1.1 Shares of the respective portfolios (“Portfolios”) of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value (“NAV”) computed in accordance with the provisions of this Agreement, the then current prospectus(es) and Statements of Additional Information of the Portfolios, and the variable life and annuity contracts that use the Portfolios as an underlying investment medium (“Contracts”). The Fund shall make the NAV per share of the Portfolios available to the Company on a daily basis as soon as reasonably practicable after the NAV per share is calculated.

Sales of Shares/Procedures. 1.1 Except as otherwise provided herein, the Fund agrees to make it shares available for purchase by the Company and its Accounts on each Business Day as defined herein. Shares of the respective portfolios (individually, a “Portfolio” and collectively, the “Portfolios”) of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value (“NAV”) next computed after receipt by the Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) and statement(s) of additional information of the Fund that describe the Portfolios, and the variable annuity contracts or variable life insurance contracts (the “Contracts”) that use the Portfolios as underlying investment media; provided, however, that if any conflicts exist among any such documents, then the terms of the Fund’s current prospectus(es) and statement(s) of additional information shall control. The Company agrees that shares of the VIT Inflation-Protected Securities Portfolio will only be available for purchase by variable life insurance contract accounts.

Sales of Shares/Procedures. 1.1 Shares of the respective portfolios (individually, a "Portfolio" and collectively, the "Portfolios") of the Fund listed on SCHEDULE 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value ("NAV") next computed after receipt by the Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) and statement(s) of additional information of the Fund that describe the Portfolios, and the variable annuity contracts or variable life insurance contracts (the "Contracts") that use the Portfolios as underlying investment media; PROVIDED, HOWEVER, that if any conflicts exist among any such documents, then the terms of the Fund's current prospectus(es) and statement(s) of additional information shall control.

Sales of Shares/Procedures. 1.1 Shares of the respective portfolios (individually, a “Portfolio” and collectively, the “Portfolios”) of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent, DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value (“NAV”) next computed after receipt by the Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) and statement(s) of additional information of the Fund that describe the Portfolios, and the variable insurance contracts (the “Contracts”) that use the Portfolios as underlying investment media; provided, however, that if any conflicts exist among any such documents, then the terms of the Fund’s current prospectus(es) and statement(s) of additional information shall control. [If VIT Port is included: The Company agrees that shares of the VIT Inflation-Protected Securities Portfolio will only be available for purchase by variable life insurance contract accounts.]

Sales of Shares/Procedures. 1.1 Shares of the respective portfolios (individually, a “Portfolio” and collectively, the “Portfolios”) of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, shall be sold by the Fund through its agent DFAS, and purchased by the Company for the appropriate subaccount of each Account, at the net asset value (“NAV”) next computed after receipt by the Fund or its designee of each order of the Accounts, in accordance with the provisions of this Agreement, the then current prospectus(es) and statement(s) of additional information of the Fund that describe the Portfolios, and the variable annuity contracts or variable life insurance contracts (the “Contracts”) that use the Portfolios as underlying investment media; provided, however, that if any conflicts exist among any such documents, then the terms of the Fund’s current prospectus(es) and statement(s) of additional information shall control. [If VIT Port is included: The Company agrees that shares of the VIT Inflation-Protected Securities Portfolio will only be available for purchase by variable life insurance contract accounts.] (a) Transmission of Instructions The procedures to be followed for purchases, redemptions, and exchanges of shares of the Portfolios are as follows.