Fund Record Unit Value Clause Samples

The 'Fund Record Unit Value' clause defines how the value of individual units within a fund is determined and recorded. Typically, this involves specifying the calculation method for unit values, the frequency of valuation (such as daily or monthly), and the data sources or benchmarks used for valuation. For example, the clause may state that unit values are based on the net asset value of the fund divided by the number of outstanding units. Its core practical function is to ensure transparency and consistency in valuing fund units, which is essential for fair investor transactions and accurate reporting.
Fund Record Unit Value. A Fund record unit value is computed by Separate Account: multiplying the net return factors for the current Valuation Period by the Fund record unit value for the previous Period. The dollar value of Fund record units, Separate Account assets, and Variable Annuity payments may go up or down due to investment gain or loss.
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Fund Record Unit Value. 21 3.06 Fund Net Return Factors: . . . . . . . . . . . . 21
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Fund Record Unit Value. 13 3.05 Fund Net Return Factors ............................ 13 3.06
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Fund Record Unit Value. 9 3.06 Fund Net Return Factors ........................................................................................................................ 9 3.07 Fund Transfer(s) .................................................................................................................................... 10 3.08 Notice to the Participant ......................................................................................................................... 10 3.09 Withdrawal Restrictions .......................................................................................................................... 10 3.10 Ma▇▇▇▇ ▇nd Timing of Distributions ........................................................................................................ 11 3.11 Withdrawal .............................................................................................................................................. 11 3.12 Partial Withdrawal from the Fixed Plus Account .................................................................................... 12 3.13 Payment of Fixed Plus Account Full Withdrawal .................................................................................... 12 3.14 Payment of Minimum Current Value ...................................................................................................... 13 3.15 Amount Payable at Death (Before Annuity Payments Start) ................................................................. 13 3.16 Reinstatement ........................................................................................................................................ 13 IV. NON-ANNUITY DISTRIBUTION OPTIONS
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Fund Record Unit Value. 21 3.07 Fund Net Return Factors: . . . . . . . . . . . . . . . . . . . . 21 3.08 Market Value Adjustment (MVA): . . . . . . . . . . . . . . . . . 21 3.09 Transfer(s): . . . . . . . . . . . . . . . . . . . . . . . . . . 22 3.10 Notice to the Participant: . . . . . . . . . . . . . . . . . . . 23 3.11 Loans: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 3.12 ▇▇▇▇▇▇ and Timing of Distributions: . . . . . . . . . . . . . . 25 3.13 Withdrawal: . . . . . . . . . . . . . . . . . . . . . . . . . . 26 3.14 Withdrawal Value: . . . . . . . . . . . . . . . . . . . . . . . 26 3.15 Withdrawal Restrictions: . . . . . . . . . . . . . . . . . . . . 26 3.16 Withdrawals from the GA Account: . . . . . . . . . . . . . . . . 27 3.17 Withdrawal Fee Applicable to Funds and GA Account: . . .
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Related to Fund Record Unit Value

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.