Transactions Subject to Fund/SERV. The Insurance Company certifies that all instructions delivered to the Trust or its designee on any Business Day shall have been received by the Insurance Company from the Separate Account based on instructions from Contractholders received by the close of trading (currently 4:00 p.m. New York time) on the New York Stock Exchange (the "Close of Trading") on such Business Day and that any instructions received by the Insurance Company after the Close of Trading on any given Business Day will be transmitted to the Trust or its designee on the next Business Day. The Insurance Company further certifies that all such Instructions received by it from the Separate Account based on instructions from Contractholders by the Close of Trading on any Business Day will be delivered to the Trust or its designee on such Business Day.
Appears in 5 contracts
Samples: Fund Participation Agreement (Principal Life Insurance Co Variable Life Sep Account), Participation Agreement (Variable Account Ii Aig Life Insurance Co), Participation Agreement (Variable Account B American Intl Life Assur Co of New York)
Transactions Subject to Fund/SERV. The Insurance Company certifies that all instructions delivered to the Trust or its designee on any Business Day shall have been received by the Insurance Company from the Separate Account based on instructions from Contractholders received by the close of trading (currently 4:00 p.m. New York time) on the New York Stock Exchange (the "“Close of Trading"”) on such Business Day and that any instructions received by the Insurance Company after the Close of Trading on any given Business Day will be transmitted to the Trust or its designee on the next Business Day. The Insurance Company further certifies that all such Instructions received by it from the Separate Account based on instructions from Contractholders by the Close of Trading on any Business Day will be delivered to the Trust or its designee on such Business Day.
Appears in 1 contract
Transactions Subject to Fund/SERV. The Insurance Company certifies that all instructions delivered to the Trust or its designee on any Business Day shall have been received by the Insurance Company from the Separate Account based on instructions from Contractholders Contract owners received by the close of trading (currently 4:00 p.m. p.m., New York time) on the New York Stock Exchange (the "Close of Trading"”) on such Business Day and that any instructions received by the Insurance insurance Company after the Close of Trading on any given Business Day will be transmitted to the Trust or its designee on the next Business Day. The Insurance Company further certifies that all such Instructions received by it from the Separate Account based on instructions from Contractholders Contract owners by the Close of Trading on any Business Day will be delivered to the Trust or its designee on such Business Day.
Appears in 1 contract
Samples: Fund Participation Agreement (Principal Life Insurance Co Variable Life Sep Account)
