Allocation Date Clause Samples
The Allocation Date clause defines the specific date on which certain rights, interests, or assets are formally assigned or distributed between parties. In practice, this clause is used to establish a clear point in time when ownership or responsibility for an asset, such as shares, property, or contractual obligations, transfers from one party to another. By specifying the Allocation Date, the clause ensures clarity and prevents disputes over when the allocation takes effect, thereby providing certainty and reducing the risk of misunderstandings regarding the timing of the transfer.
Allocation Date. “Allocation Date” shall mean the date, as determined by the Fund, that the Allocatee has returned to the Fund an executed copy of this Allocation Agreement along with an acceptable opinion of counsel as set forth in Attachment A attached hereto. Once the Fund has determined the Allocation Date, the Fund will insert such date on the signature page of the Allocation Agreement and provide the Allocatee with notification of the Allocation Date and a copy of the signature page.
Allocation Date. The date on which the initial Net Premium is allocated to the money market Subaccount. The Allocation Date is the later of the date we approve your application or the date we receive the initial premium at our home office.
Allocation Date. (i) The last day of each Fiscal Year, (ii) the day before the date of any change in ownership of the Company, (iii) the day before the date a Member ceases to be a member of the Company or (iv) any other date determined by the Members as appropriate for a closing of the Company’s books.
Allocation Date. The term “
Allocation Date. The Qualified Nonelective Contributions described in this Part VII.C will be made and allocated as of [Check one.]
a. [ ] Standard: the last day of each Plan Year. b. [ ] each .
Allocation Date. Shall Matching Contributions be allocated effective as of a date or dates other than the last day of the Plan Year (check one)?
(a) Yes [ ] (b) No [ X ] (c) N/A (aaa) If Section A.3.5(B)(2)(a) is checked, list the date(s) (month and day) in each Plan Year as of which Matching Contributions shall be allocated: [
Allocation Date. This is normally set 14 days after the Response Date. The Allocation Date defines the World Ranking List to be used to determine the initial allocation of Ranking Places.
Allocation Date. The first business day following the completion of the Right To Examine and Cancel This Policy period.
Allocation Date. 1 2.6 Control ............................................................ 2 2.7
Allocation Date. The later of the Policy Date or the date We receive the first premium at Our Home Office. Allocation of Net Premiums - The initial net premium, and any additional premium paid before the Policy is issued, will be allocated based on the Initial Premium Allocation specified in Section 1. On the Allocation Date, the assets will be allocated to the subaccounts of the Separate Account, the Indexed Fixed Accounts (by way of the Holding Fixed Accounts), the Short-Term Fixed Account, the Traditional Fixed Account and the Fixed Dollar Cost Averaging Account as directed by You in the application for this Policy. Subject to, and in accordance with, the provisions of this Policy, subsequent net premiums will be allocated as directed by You to the subaccounts of the Separate Account, the Indexed Fixed Accounts (by way of the Holding Fixed Accounts), the Short-Term Fixed Account, the Traditional Fixed Account and the Fixed Dollar Cost Averaging Account set forth in the Additional Policy Specifications. You may change the allocation of future premium payments at any time. Contact Us for information about allocation of future premiums. Allocations must be in whole number percentages and must total 100% of premium. No-Lapse Guarantee Requirement (NLG Requirement) - The NLG Requirement prevents the lapse of the Policy when the Net Cash Surrender Value is insufficient to cover the Monthly Deduction for the following month. The NLG Requirement ceases on the No-Lapse Period End Date shown in Section 1. To satisfy the NLG Requirement, (a) minus (b) must equal or exceed (c), where: