Common use of TRANSACTIONS IN THE FUNDS Clause in Contracts

TRANSACTIONS IN THE FUNDS. Subject to the terms and conditions of this Agreement, ACIM will cause the Issuer to make shares of the Funds available to be purchased, exchanged, or redeemed, by or on behalf of the Accounts through a single account per Fund at the net asset value applicable to each order. The Funds’ shares shall be purchased and redeemed on a net basis in such quantity and at such time as determined by the Company to satisfy the requirements of the Contracts for which the Funds serve as underlying investment media. Dividends and capital gains distributions will be automatically reinvested in full and fractional shares of the Funds.

Appears in 2 contracts

Samples: Shareholder Services Agreement (C M Life Variable Life Separate Account I), Shareholder Services Agreement (Massachusetts Mutual Variable Life Separate Account I)

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TRANSACTIONS IN THE FUNDS. Subject to the terms and conditions of this Agreement, ACIM will cause the Issuer to make shares of the Funds available to be purchased, exchanged, or redeemed, by or on behalf of the Accounts through a single account per Fund at the net asset value applicable to each order. The Funds' shares shall be purchased and redeemed on a net basis in such quantity and at such time as determined by the Company to satisfy the requirements of the Contracts for which the Funds serve as underlying investment media. Dividends and capital gains distributions will be automatically reinvested in full and fractional shares of the Funds.

Appears in 2 contracts

Samples: Shareholder Services Agreement (Massachusetts Mutual Variable Life Separate Account I), Shareholder Services Agreement (Massachusetts Mutual Variable Annuity Separate Account 4)

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