Common use of CONTRACT DISCONTINUANCE Clause in Contracts

CONTRACT DISCONTINUANCE. You or We may discontinue this Contract at any time by providing the other party with [30] days advance notice. The Discontinuance Date will be the date specified in the notice, or, if later, the date which is [30] days from the date the notice is received. Although Contributions will continue to be accepted by MetLife to purchase additional Income Annuity, no new Annuitant applications will be accepted after the Discontinuance Date. Any decision to terminate this Contract will not affect any rights and guarantees Annuitants have with respect to the Income Annuity amounts purchased on their behalf. MetLife's obligations to those Annuitants will continue and will have the full force and affect as if the Discontinuance Date had not occurred. At any time following the Discontinuance Date MetLife reserves the right to discontinue accepting additional Contributions and allowing any further Income Annuity purchases. Annuitants will receive notification [60] days in advance should MetLife decide to discontinue accepting additional Contributions. Annuitants may continue to make purchases during the [60] day notification period.

CONTRACT DISCONTINUANCE. You or We may discontinue this Contract at any time by providing the other party with [30] days advance notice. The Discontinuance Date will be the date specified in the notice, or, if later, the date which is [30] days from the date the notice is received. Although Contributions will continue to be accepted by MetLife to purchase additional Income Annuity, no new Annuitant applications will be accepted after the Discontinuance Date. Any With the exception of the annuity cancellation events noted in Section 2.04, any decision to terminate this Contract will not affect any rights and guarantees Annuitants have with respect to the Income Annuity amounts purchased on their behalf. MetLife's obligations to those Annuitants will continue and will have the full force and affect as if the Discontinuance Date had not occurred. At any time following the Discontinuance Date MetLife reserves the right to discontinue accepting additional Contributions and allowing any further Income Annuity purchases. Annuitants will receive notification [60] days in advance should MetLife decide to discontinue accepting additional Contributions. Annuitants may continue to make purchases during the [60] day notification period.