TRANSFER OF ACCUMULATED VALUES Sample Clauses

TRANSFER OF ACCUMULATED VALUES. On or before the Annuity Date and while an Annuitant is living, you may transfer some or all of the accumulated values among subaccounts of the Variable Account, Fixed Period Allocations and the Fixed Account. You do this by giving Written Notice. The transfer of accumulated values is subject to the following: The amount transferred from any subaccount cannot be less than the smaller of: $200; and The accumulated value in that subaccount. Transfers from a Fixed Period Allocation are subject to a Market Value Adjustment. The amount transferred from any Fixed Period Allocation cannot be less than the smaller of: $200; and The accumulated value in that allocation. The amount transferred to any Fixed Period Allocation cannot be less than $1,000. The amount transferred from the Fixed Account in any Contract Year may not exceed the greater of $500 and 25% of the accumulated value in the Fixed Account at the time the first transfer is made in that Contract Year. The transfer will occur at the end of the Valuation Period during which we receive Written Notice. We reserve the right to limit the number of transfers in each Contract Year. However, you may make at least twelve transfers in any Contract Year without charge. For each transfer in excess of twelve in a Contract Year, excluding automatic transfers according to Sections 5.3 and 5.4, a charge of $25 will be deducted from the amount transferred. All amounts transferred among the subaccounts, Fixed Period Allocations and the Fixed Account during any Valuation Period are considered to be one transfer. The transfer charge will be deducted from the amount transferred from the subaccounts, Fixed Period Allocations and Fixed Account according to the ratio of the Amount transferred from each to the total amount transferred. We may delay making transfers subject to the same conditions as in Section 2.8 Delay of Payment.
View SourceView Similar (3)
TRANSFER OF ACCUMULATED VALUES. On or before the Maturity Date, you may transfer some or all of the accumulated values among the subaccounts of the Variable Account and the Fixed Account. You do this by giving Written Notice. The transfer of accumulated value is subject to the following: 1) The total amount transferred cannot be less than the smaller of: a) $500; and b) The accumulated value in the subaccount(s) or Fixed Account from which the transfer is being made. 2) The transfer will occur at the end of the day on which we receive Written Notice. 3) We reserve the right to limit the number of transfers in each Contract Year. However, subject to the limit on Fixed Account transfers stated in (4), we will always allow at least two transfers per Contract Year. 4) Transfers from the Fixed Account must be made on or within 45 days after a Contract Anniversary. Only one transfer from the Fixed Account will be allowed per Contract Year.
View SourceView Similar (2)
TRANSFER OF ACCUMULATED VALUES. You may transfer some or all of the accumulated values among subaccounts of the Variable Account and the Fixed Account (but not to the DCA Fixed Account). Transfers may be made only before the Maximum Annuity Date and while all Owners are living or, if the Owner is a Non-Natural Person, while all Annuitants are living. You make a transfer by giving Notice. The transfer of accumulated values is subject to the following: 1) The amount transferred from any subaccount may not be less than the smaller of the following: a) The Minimum Transfer Amount shown on page 3B. b) The accumulated value in that subaccount. 2) The amount transferred from the Fixed Account in any Contract Year, excluding any amount transferred from the DCA Fixed Account, may not exceed the greater of the following: a) The Maximum Fixed Account Transfer Amount shown on page 3B. b) 25% of the accumulated value in the Fixed Account, excluding any accumulated value in the DCA Fixed Account, at the time the first transfer is made in that Contract Year. 3) No accumulated values may be transferred to the DCA Fixed Account. 4) The transfer will occur at the end of the Valuation Period during which we receive Notice.
View Source
TRANSFER OF ACCUMULATED VALUES. TRANSFER OF ACCUMULATED VALUES is amended to include the following provision:
View Source

Related to TRANSFER OF ACCUMULATED VALUES

  • Transfer of Interest Amount The transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month to the extent that Party B has earned and received such amount of interest and that a Delivery Amount would not be created or increased by that transfer, and on any other Local Business Day on which Equivalent Credit Support is transferred to the Transferor pursuant to Paragraph 2(b), provided that Party B shall only be obliged to transfer any Interest Amount to Party A to the extent that it has received such amount.

  • Transfer of Business Where a transfer of business occurs, an Employee who worked with the old employer and who continues in the service of the new employer will be entitled to count her/his service with the old employer as service with the new employer for the purposes of this clause.

  • Sale or Transfer of Assets; Suspension of Business Operations The Borrower will not sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (whether in one transaction or in a series of transactions) to any other Person other than the sale of Inventory in the ordinary course of business and will not liquidate, dissolve or suspend business operations. The Borrower will not transfer any part of its ownership interest in any Intellectual Property Rights and will not permit any agreement under which it has licensed Licensed Intellectual Property to lapse, except that the Borrower may transfer such rights or permit such agreements to lapse if it shall have reasonably determined that the applicable Intellectual Property Rights are no longer useful in its business. If the Borrower transfers any Intellectual Property Rights for value, the Borrower will pay over the proceeds to the Lender for application to the Obligations. The Borrower will not license any other Person to use any of the Borrower’s Intellectual Property Rights, except that the Borrower may grant licenses in the ordinary course of its business in connection with sales of Inventory or provision of services to its customers.

  • Transfer of the Shares Prior to the termination of this ---------------------- Agreement, except as otherwise provided herein, the Shareholder shall not: (i) transfer (which term shall include, without limitation, for the purposes of this Agreement, any sale, gift, pledge or other disposition), or consent to any transfer of, any or all of the Shares; (ii) enter into any contract, option or other agreement or understanding with respect to any transfer of any or all of the Shares or any interest therein; (iii) grant any proxy, power-of-attorney or other authorization or consent in or with respect to the Shares; (iv) deposit the Shares into a voting trust or enter into a voting agreement or arrangement with respect to the Shares, or (v) take any other action that would in any way restrict, limit or interfere with the performance of such Shareholder's obligations hereunder or the transactions contemplated hereby.

  • Transfer of Accounts The Seller may transfer the Custodial Account or the Escrow Account to a different depository institution from time to time. Such transfer shall be made only upon obtaining the consent of the Purchaser, which consent shall not be unreasonably withheld. In any case, the Custodial Account and Escrow Account shall be Eligible Accounts.