Common use of Wiring of Funds Clause in Contracts

Wiring of Funds. The Intermediary shall remit the Purchase Amount to Vanguard by Federal Funds wire by 4:00 p.m. Eastern time on T+1 in accordance with the wire instructions set forth below. Vanguard shall remit the Redemption Amount to the Intermediary by Federal Funds wire by 4:00 p.m. Eastern time on T+2 in accordance with the wire instructions set forth below.

Appears in 5 contracts

Samples: Agreement (Massachusetts Mutual Variable Life Separate Account I), Settlement Agreement (MEMBERS Horizon Variable Separate Account), Agreement (Priac Variable Contract Account A)

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