Common use of Transactions in Fund Shares Clause in Contracts

Transactions in Fund Shares. 1.1. The Fund agrees to sell to the Company those shares of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis in accordance with Section 1.4 of this Agreement. 1.2. The Fund agrees to make the shares of its Portfolios available for purchase by the Company on behalf of the Accounts at the then applicable net asset value per share on Business Days as defined in Section 1.4 of this Agreement, and the Fund shall use reasonable efforts to calculate such net asset value on each such Business Day. Notwithstanding any other provision in this Agreement to the contrary, the Board of Directors of the Fund (the "Board") may suspend or terminate the offering of Fund shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction or if, in the sole discretion of the Board acting in good faith and in light of its fiduciary duties under Federal and any applicable state laws, suspension or termination is necessary and in the best interests of the shareholders of any Portfolio. 1.3. The Fund agrees to redeem, upon request, any full or fractional shares of the Fund held by the Accounts or the Company, executing such requests at net asset value on a daily basis in accordance with Section 1.4 of this Agreement and applicable provisions of the 1940 Act. Notwithstanding the foregoing, the Fund may delay redemption of Fund shares to the extent permitted by the 1940 Act, or any rules, regulations or orders thereunder. (a) For purposes of Sections 1.1, 1.2 and 1.3, the Company shall be the agent of the Fund for the limited purpose of receiving redemption and purchase requests from the Account (but not from the general accounts of the Company), and receipt on any Business Day by the Company as such limited agent of the Fund by the time prescribed in the current Contracts Prospectus (which as of the date of execution of this Agreement is expected to be 4 p.m.). shall constitute receipt by the Fund on that same Business Day, provided that the Fund receives notice of such redemption or purchase request by 11:00 a.m. Eastern Time on the next following Business Day. For purposes of this Agreement, "Business Day" shall mean any day on which the New York Stock Exchange is open for trading or as otherwise provided in the Fund's then currently effective Fund Prospectus.

Transactions in Fund Shares. 1.1. The Fund agrees to sell to the Company those shares of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis in accordance with Section 1.4 of this Agreement. 1.2. The Fund agrees to make the shares of its Portfolios available for purchase by the Company on behalf of the Accounts at the then applicable net asset value per share on Business Days as defined in Section 1.4 of this Agreement, and the Fund each Portfolio shall use reasonable efforts to calculate such its net asset value on each such Business Day. Notwithstanding any other provision in this Agreement to the contrary, the Board of Directors of the Fund (the "Board") may suspend or terminate the offering of Fund shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction or if, in the sole discretion of the Board acting in good faith and in light of its fiduciary duties under Federal and any applicable state laws, suspension or termination is necessary and in the best interests of the shareholders of any Portfolio. 1.3. The Fund agrees to redeem, upon request, any full or fractional shares of the Fund held by the Accounts or the Company, executing such requests at net asset value on a daily basis in accordance with Section 1.4 of this Agreement and applicable provisions of the 1940 Act. Notwithstanding the foregoing, the Fund may delay redemption of Fund shares to the extent permitted by the 1940 Act, or any rules, regulations or orders thereunder. (a) For purposes of Sections 1.1, 1.2 and 1.3, the Company shall be the agent of the Fund for the limited purpose of receiving redemption and purchase requests from the Account (but not from the general accounts of the Company), and receipt on any Business Day by the Company as such limited agent of the Fund by the time prescribed in the current Contracts Prospectus (which as of the date of execution of this Agreement is expected to be 4 p.m.). ) shall constitute receipt by the Fund on that same Business Day, provided that the Fund receives notice of such redemption or purchase request by 11:00 a.m. Eastern Time on the next following Business Day. For purposes of this Agreement, "Business Day" shall mean any day on which the New York Stock Exchange is open for trading or as otherwise provided in the Fund's then currently effective Fund Prospectus.

Transactions in Fund Shares. 1.1. The Fund agrees to sell to the Company those shares of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis in accordance with Section 1.4 of this Agreement. 1.2. The Fund agrees to make the shares of its Portfolios available for purchase by the Company on behalf of the Accounts at the then applicable net asset value per share on Business Days as defined in Section 1.4 of this Agreement, and the Fund shall use reasonable efforts to calculate such net asset value on each such Business Day. Notwithstanding any other provision in this Agreement to the contrary, the Board of Directors of the Fund (the "Board") may suspend or terminate the offering of Fund shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction or if, in the sole discretion of the Board acting in good faith and in light of its fiduciary duties under Federal and any applicable state laws, suspension or termination is necessary and in the best interests of the shareholders of any Portfolio. 1.3. The Fund agrees to redeem, upon request, any full or fractional shares of the Fund held by the Accounts or the Company, executing such requests at net asset value on a daily basis in accordance with Section 1.4 of this Agreement and applicable provisions of the 1940 Act. Notwithstanding the foregoing, the Fund may delay redemption of Fund shares to the extent permitted by the 1940 Act, or any rules, regulations or orders thereunder. (a) For purposes of Sections 1.1, 1.2 and 1.3, the Company shall be the agent of the Fund for the limited purpose of receiving redemption and purchase requests from the Account (but not from the general accounts of the Company), and receipt on any Business Day by the Company as such limited agent of the Fund by the time prescribed in the current Contracts Prospectus (which as of the date of execution of this Agreement is expected to be 4 p.m.). shall constitute receipt by the Fund on that same Business Day, provided that the Fund receives notice of such redemption or purchase request by 11:00 a.m. Eastern Time on the next following Business Day. For purposes of this Agreement, "Business Day" shall mean any day on which the New York Stock Exchange is open for trading or as otherwise provided in the Fund's then currently effective Fund Prospectus.

Transactions in Fund Shares. 1.1. The Fund agrees to sell to the Company those shares of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis in accordance with Section 1.4 of this Agreement. 1.2. The Fund agrees to make the shares of its Portfolios available for purchase by the Company on behalf of the Accounts at the then applicable net asset value per share on Business Days as defined in Section 1.4 of this Agreement, and the Fund each Portfolio shall use reasonable efforts to calculate such its net asset value on each such Business Day. Notwithstanding any other provision in this Agreement to the contrary, the Board of Directors of the Fund (the "Board") may suspend or terminate the offering of Fund shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction or if, in the sole discretion of the Board acting in good faith and in light of its fiduciary duties under Federal and any applicable state laws, suspension or termination is necessary and in the best interests of the shareholders of any Portfolio. 1.3. The Fund agrees to redeem, upon request, any full or fractional shares of the Fund held by the Accounts or the Company, executing such requests at net asset value on a daily basis in accordance with Section 1.4 of this Agreement and applicable provisions of the 1940 Act. Notwithstanding the foregoing, the Fund may delay redemption of Fund shares to the extent permitted by the 1940 Act, or any rules, regulations or orders thereunder. (a) For purposes of Sections 1.1, 1.2 and 1.3, the Company shall be the agent of the Fund for the limited purpose of receiving redemption and purchase requests from the Account (but not from the general accounts of the Company), and receipt on any Business Day by the Company as such limited agent of the Fund by the time prescribed in the current Contracts Prospectus (which as of the date of execution of this Agreement is expected to be 4 p.m.). shall constitute receipt by the Fund on that same Business Day, provided that the Fund receives notice of such redemption or purchase request by 11:00 a.m. Eastern Time on the next following Business Day. For purposes of this Agreement, "Business Day" shall mean any day on which the New York Stock Exchange is open for trading or as otherwise provided in the Fund's then currently effective Fund Prospectus.

Transactions in Fund Shares. 1.1. The Fund agrees to sell to the Company those shares of the Fund which the Company orders on behalf of the Accounts, executing such orders on a daily basis in accordance with Section 1.4 of this Agreement. 1.2. The Fund agrees to make the shares of its Portfolios available for purchase by the Company on behalf of the Accounts at the then applicable net asset value per share on Business Days as defined in Section 1.4 of this Agreement, and the Fund shall use reasonable efforts to calculate such net asset value on each such Business Day. Notwithstanding any other provision in this Agreement to the contrary, the Board of Directors of the Fund (the "Board") may suspend or terminate the offering of Fund shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction or if, in the sole discretion of the Board acting in good faith and in light of its fiduciary duties under Federal and any applicable state laws, suspension or termination is necessary and in the best interests of the shareholders of any Portfolio. 1.3. The Fund agrees to redeem, upon request, any full or fractional shares of the Fund held by the Accounts or the Company, executing such requests at net asset value on a daily basis in accordance with Section 1.4 of this Agreement and applicable provisions of the 1940 Act. Notwithstanding the foregoing, the Fund may delay redemption of Fund shares to the extent permitted by the 1940 Act, or any rules, regulations or orders thereunder. (a) For purposes of Sections 1.1, 1.2 and 1.3, the Company shall be the agent of the Fund for the limited purpose of receiving redemption and purchase requests from the Account (but not from the general accounts of the Company), and receipt on any Business Day by the Company as such limited agent of the Fund by the time prescribed in the current Contracts Prospectus (which as of the date of execution of this Agreement is expected to be 4 p.m.). shall constitute receipt by the Fund on that same Business Day, provided that the Fund receives notice of such redemption or purchase request by 11:00 a.m. Eastern Time on the next following Business Day. For purposes of this Agreement, "Business Day" shall mean any day on which the New York Stock Exchange is open for trading or as otherwise provided in the Fund's then currently effective Fund Prospectus.such