Transmission of Orders. On each Business Day, the Company or its delegate shall aggregate and calculate the net purchase and redemption orders for each Account received by the Company or its delegate prior to the Close of Trading on such Business Day. Prior to 9:00 a.m. Eastern Time (or such other time as may be agreed by the parties from time to time) on the next following Business Day, the Company or its delegate shall communicate to the Fund or its designee by facsimile or, in the Company’s or its delegate’s discretion, by telephone or any other method agreed upon by the parties, the net aggregate purchase or redemption orders (if any) for each Account received by the Close of Trading on the prior Business Day. All orders communicated to the Fund or its designee by the 9:00 a.m. deadline (or such other time as may be agreed by the parties from time to time) shall be treated by the Fund or its designee as if received prior to the Close of Trading on the Trade Date.
Appears in 3 contracts
Samples: Fund Participation Agreement (Massachusetts Mutual Variable Annuity Separate Account 4), Fund Participation Agreement (Massachusetts Mutual Variable Annuity Separate Account 4), Fund Participation Agreement (Massachusetts Mutual Variable Annuity Separate Account 4)
Transmission of Orders. On each Business Day, the Company or its delegate shall aggregate and calculate the net purchase and redemption orders for each Account received by the Company or its delegate prior to the Close of Trading on such Business Day. Prior to 9:00 8:30 a.m. Eastern Time (or such other time as may be agreed by the parties from time to time) on the next following Business Day, the Company or its delegate shall communicate to the Fund Trust or its designee by facsimile or, in the Company’s or its delegate’s discretion, by telephone or any other method agreed upon by the parties, the net aggregate purchase or redemption orders (if any) for each Account received by the Close close of Trading trading on the prior Business DayDay (the “Trade Date”). All orders communicated to the Fund Trust or its designee by the 9:00 8:30 a.m. deadline (or such other time as may be agreed by the parties from time to time) shall be treated by the Fund Trust or its designee as if received prior to the Close close of Trading trading on the Trade Date.
Appears in 2 contracts
Samples: Participation Agreement (First Symetra National Life Insurance Co of Ny Sep Acct S), Participation Agreement (Symetra Mutual Funds Trust)
Transmission of Orders. On each Business Day, the Company or its delegate shall aggregate and calculate the net purchase and redemption orders for each Account received by the Company or its delegate prior to the Close of Trading on such Business Day. Prior to 9:00 a.m. Eastern Time (or such other time as may be agreed by the parties from time to time) on the next following Business Day, the Company or its delegate shall communicate to the Fund or its designee by e-mail or facsimile or, in the Company’s or its delegate’s discretion, by telephone or any other method agreed upon by the parties, the net aggregate purchase or redemption orders (if any) for each Account received by the Close of Trading on the prior Business Day. All orders communicated to the Fund or its designee by the 9:00 a.m. deadline (or such other time as may be agreed by the parties from time to time) shall be treated by the Fund or its designee as if received prior to the Close of Trading on the Trade Date.
Appears in 1 contract
Samples: Fund Participation Agreement (Massachusetts Mutual Variable Life Separate Account I)
