Maximum Account Balance Clause Samples

Maximum Account Balance. I understand that the amount of any contribution to an Account that would cause the market value of such Account and all other Accounts in the Plan for the same Beneficiary to exceed the maximum account balance will be rejected and returned to me. I understand that the State may change the maximum account balance at any time without notice.

Maximum Account Balance. The Maximum Account Balance, which is the combined total balance of all Accounts for a single Beneficiary in all Virginia529 programs (which includes Invest529, Prepaid529, CollegeAmerica and CollegeWealth), is limited to

Maximum Account Balance. The Maximum Account Balance (also referred to as the maximum contribution limit) for all Accounts in the Pool (e.g., including College Illinois! And First Steps) for the same Beneficiary is‌ $500,000. Any contribution or transfer that would cause the Account balance(s) for a Beneficiary to exceed the Maximum Account Balance will be rejected by the Plan and returned. It is possible that increases in market value could cause amounts in an Account(s) to exceed the current maximum account balance. In this case, the amount in excess of the maximum could remain in the Account(s) and potential earnings would continue to accrue, but no new contributions or incoming transfers would be accepted. Unit Value‌ The Plan will credit contributions to, or deduct withdrawals from, your Account at the Unit value of the applicable Investment Portfolio determined on the day the Account transaction request is received in good order before the close of regular trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m. (ET)). Contribution or withdrawal requests received after the close of regular trading or on a day when the NYSE is not open will be credited to your Account at the Unit value next determined. The value of a Unit in each Investment Portfolio is computed by dividing (a) the Investment Portfolio’s assets minus its liabilities by (b) the number of outstanding Units of such Investment Portfolio. Investments in the Principal Plus Interest Portfolio earn a rate of interest at the declared rate then in effect which will be compounded daily and will be credited to the Principal Plus Interest Portfolio on a daily basis. Investments in the High Yield Bank Savings 529 Portfolio will earn varying rates of interest that is generally equivalent to short-term deposit rates which will be compounded daily and will be credited to the deposit account on a monthly basis. In the event of force majeure, the Plan may experience processing delays, which may affect an Account transaction’s trade date. In such instances, the actual trade date may be after the trade date an Account Owner would have received, which may negatively affect the value of the Account. (See “Force Majeure” under Risks of Investing in the Plan.) Investment Portfolios‌ Choosing Your Investment Portfolios. This section describes each Investment Portfolio offered in the Plan, including the risks associated with an investment in such Investment Portfolio.‌ The Treasurer approves and authorizes each Investment Portfol...

Maximum Account Balance. Currently, the maximum account balance for all Accounts in the Plan, as well as any amounts held in the Prepaid Program for the same Beneficiary is $235,000. Any contribution that would cause the Account balance(s) for a Beneficiary to exceed the maximum account balance will be rejected by the Plan and returned. It is possible that increases in market value could cause amounts in an Account(s) to exceed the maximum account balance limit. In this case, the amount in excess of the maximum could remain in the Account(s), but no new contributions would be accepted. Unit Value Plan Fees Managed Allocation Option

Maximum Account Balance. Currently, the maximum account balance for all Accounts in the Direct Plan, as well as any amounts held in the Advisor Plan for the same Beneficiary, is $300,000. Any contribution that would cause the account balance(s) for a Beneficiary to exceed the maximum account balance will be rejected by the Direct Plan and returned. It is possible that increases in market value could cause amounts in an Account(s) to exceed the maximum account balance limit. In this case, the amount in excess of the maximum could remain in the Account(s), and earnings Unit Value Direct Plan Fees Conservative Managed Allocation Option Moderate Managed Allocation Option Aggressive Managed Allocation Option

Maximum Account Balance. Agent and Lenders shall have no obligation to make Advances hereunder if and to the extent the aggregate cash balance in the Borrower Parties’ bank accounts exceeds $15,000,000.

Maximum Account Balance. An Account Owner may continue to make contributions to an Account for a designated beneficiary so long as the aggregate balance of all Accounts for all 529 savings plans sponsored by the State of Nevada under the Act does not exceed the Maximum Account Balance, which is currently $500,000. Accounts that have reached the Maximum Ac- count Balance may continue to accrue earnings, although future contribu- tions may not be made to such Ac- counts. The Maximum Account Balance is based on the aggregate market value of the Account(s) for a designated ben- eficiary, and not solely on the aggre- gate contributions made to the Account(s). If, however, the market val- ue of such Account(s) falls below the Maximum Account Balance, additional contributions will be accepted. The Plan may, in its discretion, refuse to accept a contribution, upon deter- mination that acceptance of such con- tribution would not comply with federal or state requirements. None of Ascensus, Victory Capital, the Board, the State of Nevada, all agencies, instrumentalities, and funds of the State of Nevada, the Trust, the Plan and their respective affiliates, officials, officers, directors, employees, and rep- resentatives will be responsible for any loss, damage, or expense incurred with a rejected or returned contribution. The Board is required to set the Maxi- mum Account Balance for all Accounts for a designated beneficiary. The Board expects to evaluate the Maximum Ac- count Balance periodically. Informa- tion concerning the current Maximum Account Balance may be obtained through the Plan. It is possible that federal law might impose different lim- its on maximum allowable contribu- tions in the future. Maximum Account Balance does not apply to Accounts maintained for a scholarship program by a state or local government (or agency or instrumentality) or organi- zation described in Section 501(c)(3) of the Code. The Plan will not accept any contribu- tion that would cause the Account bal- ance to exceed the Maximum Account Balance (Excess Contribu- tions). All or a portion of the contribu- tion that is an Excess Contribution will be rejected and returned to the con- tributor. The Plan and its service providers will not be responsible for any adverse tax consequences that may result from the return or rejection of Excess Contributions.

Maximum Account Balance. You can contribute up to a Maximum Account Balance of $500,000 for each Beneficiary. The aggregate market value of all accounts for the same Beneficiary under all Qualified Tuition Programs sponsored by the State of New Mexico is counted toward the Maximum Account Balance regardless of the Account Owner. Earnings may cause the Account balances for your Beneficiary to exceed $500,000 and no further contributions will be allowed at that point. If, however, the market value of your Account falls below the 17 Scholar’s Edge Maximum Account Balance, we will then accept additional contributions. Should the Board decide to increase the Maximum Account Balance, which it may in its sole discretion, additional contributions up to the new Maximum Account Balance will be accepted.

Maximum Account Balance. The maximum balance limit shall be equivalent to the value of 803.769 ozt (25kg) of gold per ACE Account, calculated in accordance with the “buy” Bullion Rates.