Contractholder Fixed Account Clause Samples

The Contractholder Fixed Account clause establishes a specific account within a contract where funds are allocated and accrue interest at a predetermined, fixed rate. Typically, this clause outlines how contributions are deposited into the account, the applicable interest rate, and any restrictions on withdrawals or transfers. Its core function is to provide contractholders with a stable, predictable investment option, minimizing risk and ensuring clarity regarding the growth and management of these funds.
Contractholder Fixed Account. An unallocated account that is equal to the sum of all Contributions earning a guaranteed rate of interest under Section 3.3 of this Contract plus interest credits, less all Withdrawals, Transfer Payments, fees and charges. There are no required Contributions to the Contractholder Fixed Account.
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Contractholder Fixed Account. An account that is equal to the sum of all Contributions earning a guaranteed rate of interest under Section 3.2 of this Contract plus interest credits, less all Withdrawals, Transfer Payments, fees and charges. Contributions to the Contractholder Fixed Account may only be made with Our consent.
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Contractholder Fixed Account. 1 1.8 Contractholder Variable Account . . . . . . . . . . . . . . . . . . .2 1.9 Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 1.10 Effective Annual Rate . . . . . . . . . . . . . . . . . . . . . . . .2 1.11 ERISA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 1.12
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Related to Contractholder Fixed Account

  • FIXED ACCOUNT 8 TRANSFERS AMONG ACCOUNTS...................................................10 SURRENDERING, OR WITHDRAWING PART OF THE ACCOUNT VALUE.....................10 CHARGES...................................................................10

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Integrated Account For purposes hereof, deposits maintained in all Principal Accounts (whether or not denominated in Dollars) shall collectively constitute a single and indivisible current account with respect to the Fund's obligations to the Custodian or its assignee, and balances in the Principal Accounts shall be available for satisfaction of the Fund's obligations under this Section 7. The Custodian shall further have a right of offset against the balances in any Agency Account maintained hereunder to the extent that the aggregate of all Principal Accounts is overdrawn.

  • Designated Account Agent is authorized to make the Revolving Loans, and Issuing Bank is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrowers and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrowers, any Revolving Loan or Swing Loan requested by Borrowers and made by Agent or the Lenders hereunder shall be made to the Designated Account.

  • Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.