Common use of Suspension of Sales and Purchases Clause in Contracts

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Company's Articles of Incorporation, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of Shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of Shares on behalf of the Company if, in the judgment of a majority of its Board of Directors or a majority of the Executive Committee of its Board of Directors, if such Committee exists, it is in the best interests of the Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no Shares will be sold or purchased by the Company or by you on behalf of the Company while such suspension remains in effect except for Shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of Shares.

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Company's ’s Articles of Incorporation, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of Shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of Shares on behalf of the Company if, in the judgment of a majority of its Board of Directors or a majority of the Executive Committee of its Board of Directors, if such Committee exists, it is in the best interests of the Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no Shares will be sold or purchased by the Company or by you on behalf of the Company while such suspension remains in effect except for Shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of Shares.

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Company's Articles of Incorporation, and such suspension has become effective, until such suspension is terminated, terminated no further orders for the sale or purchase of Shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of Shares on behalf of the Company if, in the judgment of a majority of its Board of Directors or a majority of the Executive Committee of its Board of Directors, if such Committee exists, it is in the best interests of the Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no Shares will be sold or purchased by the Company or by you on behalf of the Company while such suspension remains in effect except for Shares shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of Shares.

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Company's Articles of Incorporation, and such suspension has become effective, until such suspension is terminated, terminated no further orders for the sale or purchase of Shares shares shall be accepted by you except such orders placed with you before you had knowledge of the suspension. In addition, the Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of Shares shares on behalf of the Company if, in the judgment of a majority of its Board of Directors or a majority of the Executive Committee of its Board of Directors, if such Committee exists, it is in the best interests of the Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no Shares shares will be sold or purchased by the Company or by you on behalf of the Company while such suspension remains in effect except for Shares shares necessary to cover orders accepted by you before you had knowledge of the suspension. The Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of Sharesshares.

Suspension of Sales and Purchases. If and whenever the determination of net asset value is suspended pursuant to the Company's Articles of Incorporation, and such suspension has become effective, until such suspension is terminated, no further orders for the sale or purchase of Shares shares shall be accepted by you except such orders placed with you (or with a Participating Insurance Company) before you (or such Participating Insurance Company) had knowledge of the suspension. In addition, the Company reserves the right to suspend sales and purchases and your authority to accept orders for sales and purchases of Shares shares on behalf of the Company if, in the judgment of a majority of its Board of Directors or a majority of the Executive Committee of its Board of Directors, if such Committee exists, it is in the best interests of the Company to do so, such suspension to continue for such period as may be determined by such majority; and in that event, no Shares shares will be sold or purchased by the Company or by you on behalf of the Company while such suspension remains in effect except for Shares shares necessary to cover orders accepted by you (or by a Participating Insurance Company) before you (or such Participating Insurance Company) had knowledge of the suspension. The Company will notify you promptly of any such suspension of the determination of net asset value or of any such suspension of sales and purchases of Shares.the