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in the Expense Schedule. <br />(C) VALUATION DATE. A Valuation Date will occur on each day that <br />We are open for business and an orderly financial market exists for <br />investment transactions. We base all transactions processed on a <br />Valuation Date on the value of Separate Account E investments as of <br />the close of the financial market's business day. <br />1.3 LIMITATIONS. We may apply the following limitations. <br />(A) We may delay any Transfer, Distribution, or Termination Disbursement <br />from Separate Account E for a period of up to thirty (30) days if there <br />is negative cash flow into Separate Account E and if We determine that <br />liquidating investments would adversely affect remaining investors in <br />Separate Account E. In determining whether there is negative cash <br />flow, We will consider all investors' assets in Separate Account E as of <br />the Valuation Date that applies to the Transfer, Distribution or <br />Termination Disbursement. <br />(B) We may defer Transfers, Distributions or Termination Disbursements <br />from Separate Account E under Section 3.3 of the Base Agreement if <br />We determine that the value of a Transfer, Distribution or Termination <br />Disbursement is not possible due to any of the following <br />circumstances: <br />(a) The New York Stock Exchange is closed, other than <br />customary weekend and holiday closings, or trading on <br />the New York Stock Exchange is restricted; <br />(b) An emergency exists as a result of which (i) disposal by <br />PRIAC of assets that are underlying investments for <br />Separate Account E is not reasonably practicable or (ii) <br />it is not reasonably practicable for PRIAC fairly to <br />determine the value of net assets in Separate Account E; <br />or <br />(c) Such other periods as the Securities and Exchange <br />Commission may by order permit for the protection of <br />security holders of a registered investment company that <br />is an underlying investment for Separate Account E. <br />(C) We may restrict a Distribution or Termination Disbursement of any <br />Transfers originally made to Separate Account E in accordance with <br />Section 1.8 of the Guaranteed Income Fund Investment Addendum <br />under this Agreement. <br />GA -2020 -SAE -0805 <br />25D-67 <br />