TIMELY PRICING AND ORDERS. The Adviser or its designated agent will provide closing net asset value, dividend and capital gain information for each Portfolio to Fortis Benefits at the close of trading on each day (a “Business Day”) on which (a) the New York Stock Exchange is open for regular trading, (b) the Fund calculates the Portfolio’s net asset value and (c) Fortis Benefits is open for business. The Fund or its designated agent will use its best efforts to provide this information by 5:00 p.m., Central time. Fortis Benefits will use these data to calculate unit values, which in turn will be used to process transactions that receive that same Business Day’s Separate Account Division’s unit values. Such Separate Account processing will be done the same evening, and corresponding orders with respect to Fund shares will be placed the morning of the following Business Day. Fortis Benefits will use its best efforts to place such orders with the Fund by 10:00 a.m., Central time.
Appears in 3 contracts
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York)
TIMELY PRICING AND ORDERS. The Adviser Fund or its designated agent will provide closing net asset value, dividend and capital gain information for each Portfolio to Fortis Benefits at as of the close of trading on each day (a “Business Day”) on which (a) the New York Stock Exchange is open for regular trading, (b) the Fund calculates the Portfolio’s net asset value and (c) Fortis Benefits is open for business. The Fund or its designated agent will use its best efforts to provide this information by 5:00 p.m., Central time. Fortis Benefits will use these data to calculate unit values, which in turn will be used to process transactions that receive that same Business Day’s Separate Account Division’s unit values. Such Separate Account processing will be done the same evening, and corresponding orders with respect to Fund shares will be placed the morning of the following Business Day. Fortis Benefits will use its best efforts to place such orders with the Fund by 10:00 a.m., Central time. The Fund reserves the right to refuse any purchase order, in whole or in part, it deems attributable to “market timers.”
Appears in 3 contracts
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)
TIMELY PRICING AND ORDERS. The Adviser Fund or its designated agent will provide closing net asset value, dividend and capital gain information for each Portfolio to Fortis Benefits Insurer at the close of trading on each day (a “"Business Day”") on which (a) the New York Stock Exchange is open for regular trading, trading and (b) the Fund calculates the Portfolio’s 's net asset value pursuant to the rules of the Securities and Exchange Commission (c) Fortis Benefits is open for business"SEC"). The Fund or its designated agent will use its best efforts to provide this information by 5:00 6:00 p.m., Central Eastern time. Fortis Benefits Insurer will use these data to calculate unit values, which in turn will be used to process transactions that receive that same Business Day’s 's Separate Account Division’s 's unit values. Such Separate Account processing will be done the same evening, and corresponding orders with respect to Fund shares will be placed the morning of the following Business Day. Fortis Benefits Insurer will use its best efforts to place such orders with the Fund by 10:00 a.m., Central Eastern time.
Appears in 1 contract
Samples: Participation Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)
TIMELY PRICING AND ORDERS. The Adviser Fund or its designated agent will provide closing net asset value, dividend and capital gain information for each Portfolio to Fortis Benefits at the close of trading on each day (a “"Business Day”") on which (a) the New York Stock Exchange is open for regular trading, (b) the Fund calculates the Portfolio’s 's net asset value and (c) Fortis Benefits is open for business. The Fund or its designated agent will use its best efforts to provide this information by 5:00 5:30 p.m., Central time. Fortis Benefits will use these data to calculate unit values, which in turn will be used to process transactions that receive that same Business Day’s 's Separate Account Division’s 's unit values. Such Separate Account processing will be done the same evening, and corresponding orders with respect to Fund shares will be placed the morning of the the, following Business Day. Fortis Benefits will use its best efforts to place such orders with the Fund by 10:00 a.m., Central time.
Appears in 1 contract
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co)