Wire Payments. All wire payments referenced in this Agreement shall be transmitted via the Federal Reserve Wire Transfer System. Notwithstanding any other provision of this Agreement, in the event that the Federal Reserve Wire Transfer System is closed on any Business Day, the duties of the Investment Company, Insurer, and their designees under this Agreement shall be suspended, and shall resume on the next Business Day that the Federal Reserve Wire Transfer System is open as if such period of suspension had not occurred.
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Samples: Fund Participation Agreement (Protective COLI VUL), Fund Participation Agreement (Jefferson National Life of New York Annuity Account 1), Fund Participation Agreement (Separate Account No. 70 of AXA Equitable Life Insurance Co)
Wire Payments. All wire payments referenced in this Agreement shall be transmitted via the Federal Reserve Wire Transfer System. Notwithstanding any other provision of this Agreement, in the event that the Federal Reserve Wire Transfer System is closed on any Business Day, the duties of the Investment Company, Insurer, and their designees under this Agreement shall be suspended, and shall resume on the next Business Day that the Federal Reserve Wire Transfer System is open as if such period of suspension had not occurred.. Pricing Errors. In the event (1) a Fund is required (under the then prevailing pricing error guidelines of the Investment
Appears in 1 contract
Samples: Fund Participation Agreement (Protective NY COLI VUL)
Wire Payments. All wire payments referenced in this Agreement shall be transmitted via the Federal Reserve Wire Transfer System. Notwithstanding any other provision of this Agreement, in the event that the Federal Reserve Wire Transfer System is closed on any Business Day, the duties of the Investment CompanyFSSC, InsurerRecordkeeping Agent, and their designees under this Agreement shall be suspended, and shall resume on the next Business Day Exhibit A to Recordkeeping Agreement that the Federal Reserve Wire Transfer System is open as if such period of suspension had not occurred.
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