Common use of Sales of Shares/Procedures Clause in Contracts

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.

Appears in 5 contracts

Samples: Participation Agreement (Separate Account Va B), Participation Agreement (Separate Account Va Cc), Participation Agreement (Transamerica Corporate Separate Account Sixteen)

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