PURCHASE PAYMENT, ACCOUNT VALUE, AND WITHDRAWAL PROVISIONS Sample Clauses

PURCHASE PAYMENT, ACCOUNT VALUE, AND WITHDRAWAL PROVISIONS. 3.01 PURCHASE PAYMENT: This amount is the actual Purchase Payment. GALIC reserves the right to pay premium taxes when due and deduct the amount from the Account Value when we pay the tax or at a later date. (a) Fixed Account Guaranteed Terms made available, subject to terms and conditions established by GALIC; and/or (b) The Subaccount(s) offered through the Separate Account. For each Purchase Payment, the Certificate Holder shall tell GALIC the percentage of each Purchase Payment to allocate to any available Fixed Account Guaranteed Term and/or each Subaccount. Unless different allocation instructions are received for any additional Purchase Payment, the allocation will be the same as for the initial Purchase Payment. If the same Guaranteed Term is no longer available, the Purchase Payment will be allocated to the next shortest Guaranteed Term available in the current Deposit Period. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used. 3.02 CERTIFICATE HOLDER'S ACCOUNT: GALIC will maintain an Account for each Certificate Holder. ▇▇▇▇▇ will declare from time to time the acceptability and the minimum amount for initial and additional Purchase Payments. GA-MA-1080 Page 14 <PAGE> 3.03 ACCUMULATION UNITS - SEPARATE ACCOUNT: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/Archives/▇▇▇▇▇/data/836687/000091205701522500/a2051672zex-99... 11/06/2017 The portion of the Purchase Payment(s) applied to each Subaccount under the Separate Account will determine the number of accumulation units for that Subaccount. This number is equal to the portion of the Purchase Payment(s) applied to each Subaccount divided by the accumulation unit value (SEE SECTION III - ACCUMULATION UNIT VALUE -SEPARATE ACCOUNT) for the Valuation Date in which the Purchase Payment is received in good order at GALIC's Customer Service Center. 3.04 NET INVESTMENT FACTOR(S) - SEPARATE ACCOUNT: The net investment factor is used to measure the investment performance of a Subaccount from one Valuation Date to the next. The net investment factor for a Subaccount for any Valuation Date is equal to the sum of 1.0000 plus the net investment rate. The net investment rate equals: (a) The net assets of the Subaccount on the current Valuation Date, minus (b) The net assets of the Subaccount on the preceding Valuation Date, plus or minus (c) Taxes or provisions for taxes, if any, attributable to the operation of the Subaccount; (d) Divided by the total value of the Subaccount's accumulation and annuity u...
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PURCHASE PAYMENT, ACCOUNT VALUE, AND WITHDRAWAL PROVISIONS. 3.01 Purchase Payment: This amount is the actual Purchase Payment. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Account Value when we pay the tax or at a later date. Each Purchase Payment will be allocated, as directed by the Certificate Holder, among: (a) Guaranteed Account Guaranteed Terms made available, subject to terms and conditions established by Aetna; and/or (b) The Subaccount(s) offered through the Separate Account. For each Purchase Payment, the Certificate Holder shall tell Aetna the percentage of each Purchase Payment to allocate to any available Guaranteed Account Guaranteed Term and/or each Subaccount. Unless different allocation instructions are received for any additional Purchase Payment, the allocation will be the same as for the initial Purchase Payment. If the same Guaranteed Term is no longer available, the Purchase Payment will be allocated to the next shortest Guaranteed Term available in the current Deposit Period. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used. 3.02 Certificate Holder's Account: Aetna will maintain an Account for each Certificate Holder. Aetna will declare from time to time the acceptability and the minimum amount for initial and additional Purchase Payments.
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PURCHASE PAYMENT, ACCOUNT VALUE, AND WITHDRAWAL PROVISIONS 
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  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes: (i) to reimburse itself for Advances made pursuant to Section 6.03 (including amounts to reimburse the related Sub-Servicer for advances made pursuant to the applicable Sub-Servicing Agreement), the Servicer's and the Sub-Servicer's right to receive reimbursement pursuant to this subclause (i) being limited to amounts received on particular Mortgage Loans which represent Late Collections (net of the Servicing Fees) with respect to those particular Mortgage Loans; (ii) to pay itself the Servicing Fee; (iii) to reimburse itself for unreimbursed Servicing Advances, or to pay the related Sub-Servicer any unreimbursed Servicing Advances, the Servicer's right to receive reimbursement or make payments to the Sub-Servicer pursuant to this subclause (iii) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Insurance Proceeds, and condemnation awards; (iv) to reimburse itself (or the related Sub-Servicer) or the Depositor for expenses incurred by and recoverable by or reimbursable to it pursuant to Section 5.01 or 5.16; (v) to reimburse itself (or the related Sub-Servicer) for any Nonrecoverable Advances; (vi) to pay to itself (or the related Sub-Servicer) income earned on the investment of funds deposited in the Collection Account; (vii) to make deposits into the Certificate Account in the amounts and in the manner provided for herein; (viii) to make payments to itself or others pursuant to any provision of this Agreement, and to clear and terminate the Collection Account upon the termination of this Agreement; and (ix) to withdraw amounts deposited in error.