Common use of Sales of Shares/Procedures Clause in 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.

Appears in 2 contracts

Samples: Participation Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Participation Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

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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 's current prospectus(es) and statement(s) of additional information shall control, unless otherwise agreed to by the Parties.

Appears in 1 contract

Samples: Participation Agreement (Horace Mann Life Insurance Co Separate Account)

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 A 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 annuity 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.

Appears in 1 contract

Samples: Participation Agreement (Variable Annuity 1 Series Account)

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 annuity 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.

Appears in 1 contract

Samples: Participation Agreement (MEMBERS Horizon Variable Separate Account)

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Sales of Shares/Procedures. 1.1 Shares of the respective portfolios (individually, a "Portfolio" and collectively, the "Portfolios") of the Fund listed on Schedule 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; providedPROVIDED, howeverHOWEVER, that if any conflicts exist among any such documents, then the terms of the Fund’s 's current prospectus(es) and statement(s) of additional information shall control, unless otherwise agreed to by the Parties.

Appears in 1 contract

Samples: Participation Agreement (Forethought Life Insurance Co Separate Account A)

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 mediavehicles; 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.

Appears in 1 contract

Samples: Participation Agreement (Pruco Life Flexible Premium Variable Annuity Account)

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