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”).
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, unless otherwise agreed to by the Parties.
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);
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.
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 corporate-owned 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 (“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 The Fund agrees, through its agent DFAS, to sell shares of the respective Portfolios of the Fund listed on Schedule 1.1 hereto, as amended from time to time by the Parties, on each Business Day (as defined below) and purchased by the Company for the appropriate subaccount of each Account, on each Business Day 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 and the then current prospectus(es) and statement(s) of additional information of the Fund that describe the Portfolios; 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 Fund will provide 30 days prior written notice to the Company of any material changes to the prospectus(es) and statement(s) of additional information that may affect any of the provisions in section 1. Sales of Shares/Procedures of this Agreement.
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.]
