Full Withdrawal Sample Clauses
The Full Withdrawal clause allows a party to remove all of their funds or assets from an account, investment, or contractual arrangement. In practice, this means that the party can request the return of their entire balance, subject to any notice requirements or conditions specified in the agreement, such as penalties or waiting periods. This clause provides flexibility and control to the party, ensuring they can exit the arrangement completely if needed, and helps address concerns about liquidity or changing circumstances.
Full Withdrawal. A Full Withdrawal is a request for the total Contract Value. We process a Full Withdrawal on the Business Day we receive an Authorized Request, based on the values at the end of the Business Day. The Full Withdrawal amount is equal to the total Contract Value minus any final Contract Charges, and Withdrawal Charge. This contract terminates upon a Full Withdrawal.
Full Withdrawal. The Payment of Fixed Plus Account Full Withdrawal provision will be waived when the withdrawal is:
Full Withdrawal. For a full withdrawal of the Contract Value, we calculate the Withdrawal Value this way: Withdrawal Value = Contract Value minus outstanding Loan Balance minus Withdrawal Charge minus Annual Contract Charge We will pay the Withdrawal Value to you in a lump sum, less any applicable taxes. The Outstanding Loan Balance is subject to any applicable Withdrawal Charges. Withdrawal of the entire Contract Value will result in termination of the contract in accordance with Section 14A, and we have no further obligation.
Full Withdrawal. 22.1 A Full Withdrawal is the cashing in of all the Units allocated to the relevant Customer.
22.2 The Insurer will carry out a request for a Full Withdrawal by cancelling all of the Units allocated to the relevant Customer.
22.3 See Clause 13.1(b) for details of when the Insurer will cancel the Units and when a Full Withdrawal may be subject to a 14-day waiting period.
22.4 This provision is subject to any delay that may be required under Clause 23.
Full Withdrawal. 9 Partial Withdrawals ...................................................................................................10
Full Withdrawal. 14 SECTION 9. BENEFITS OF THIS ANNUITY POLICY...................................................14
Full Withdrawal. The term Full Withdrawal means a request received by the Owner to surrender the Certificate for the Surrender Value.
Full Withdrawal. A Full Withdrawal is a request for the total Contract Value. We process a Full Withdrawal on the Business Day we receive an Authorized Request based on the values at the end of the Business Day. The Full Withdrawal amount is equal to the total Contract Value minus any Contract Maintenance Charge and any accrued charge associated with an attached rider. This contract terminates upon a Full Withdrawal. L40533 8 Withdrawals continued from the previous page A Partial Withdrawal is a request for an amount less than the total Contract Value. Each Partial Withdrawal must be greater than or equal to the Minimum Partial Withdrawal shown on the Contract Schedule. If we offer more than one Investment Option group in an Account, you can make Withdrawals from these groups as long as you comply with any Investment Option restrictions shown on the Contract Schedule. We deduct Partial Withdrawals proportionately from the Investment Options, unless we receive alternate instructions. The deduction of a Partial Withdrawal reduces the Account Values on a dollar for dollar basis. We deduct a Partial Withdrawal from the Account Values at the end of the Business Day that we process the Withdrawal request. If you request a Partial Withdrawal that causes the Contract Value to be less than the Minimum Required Value shown on the Contract Schedule, we treat your request as a Full Withdrawal.
Full Withdrawal. If you elect a full withdrawal, the amount payable is the accumulation value reduced by the annual policy fee and any withdrawal charge. The accumulation value is determined as of the date we receive your written request for full withdrawal.
Full Withdrawal. For a full withdrawal of the Contract Value, we calculate the withdrawal value this way:
1. Withdrawal value equals Contract Value;
2. Less withdrawal charge; and