Allocation of Transferable Assets. A portion of the Transferable Assets shall be allocated to each ELNY Restructured Contract with a Transferable Assets Value equal to the Contract’s ELNY Restructured Value. A portion of Transferable Assets allocated to each ELNY Restructured Contract shall be sub-allocated (by Transferable Assets Value) to that portion of each Contract that becomes a Covered Contract, an Excluded Contract, an Article 75 Contract or an Uncovered Contract in the same proportion as the benefit payments under each were determined under Section 3.2 above. Transferable Assets so allocated will not be further sub-allocated. No Transferable Assets will be allocated to the payment of Supplemental Benefits.
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