Allocation of Net Premium Sample Clauses

Allocation of Net Premium. For policies with cover pages showing a return of Policy Value amount during the "Right to Examine Policy" period, we will allocate the net premium as specified by the premium allocations in your application. For policies with cover pages showing a return of premium received during the "Right to Examine Policy" period, we will allocate the net premium to the Money Market Portfolio of our Separate Account as shown in the Coverage Description. At the end of this period we will allocate the Policy Value, as specified by your premium allocation in your application for this policy. A copy of your application is at the back of this policy. Unless you change these allocations, such percentages shall apply to subsequent net premium allocations. Allocation percentages must be zero or a whole number not greater than 100. The sum of the net premium allocation percentages must equal 100. You may change such allocation percentages by written notice, or by any other method approved by us, to our Administrative Office. The change will take effect on the date of receipt provided that all requirements have been met in a manner that is satisfactory to us. Once we receive your net premium, the portion to be allocated to the Symetra Fixed Account and the Portfolios is effective and valued as of the next close of a Valuation Day.
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Allocation of Net Premium. Except as otherwise provided herein, Net Premium will be allocated to the Investment Options in accordance with the allocation percentages specified by You, subject to special provisions applicable during the Free Look Period. For any Premium received during the Free Look Period, We will allocate the Net Premium to the Sub-Account that invests exclusively in shares of the money market Portfolio. Account Value in the money market Sub-Account will be transferred to the Investment Options in accordance with the allocation percentages specified by You when this period expires. While there are no limitations concerning the number of Investment Options to which Net Premium may be allocated, We reserve the right to impose minimum allocation amounts as determined by the Fund for any or all Investment Options. You may change the allocation percentages at any time pursuant to a request submitted to Our Principal Office in a form acceptable to Us. An allocation change will be effective as of the date We receive the request for that change provided that it is received on a Valuation Day before the close of the New York Stock Exchange. If a request is received on a day that is not a Valuation Day or after the close of the New York Stock Exchange on a Valuation Day, it will become effective on the next Valuation Day.
Sample 1
Allocation of Net Premium. Except as otherwise provided herein, Net Premium will be allocated to the Sub-Accounts in accordance with the allocation percentages specified by You. Your initial allocation percentages are shown in the application. The minimum allocation for any Sub-Account to which You choose to allocate Account Value is 1% of Net Premium and percentages must be in whole numbers. If the Policy is in a grace period, the Net Premiums will first be applied to reduce any overdue Monthly Deductions. For the number of days in the Right to Return Policy Period, as measured from the Issue Date, plus five days, Net Premium will be allocated to the General Account. You may change the allocation percentages at any time pursuant to an authorized request to Our Principal Office. An allocation change will be effective as of the date We receive the request for that change.
Sample 1Sample 2
Allocation of Net Premium. Except as otherwise provided herein, Net Premium will be allocated to the Sub-Accounts in accordance with the allocation percentages specified by You. Your initial allocation percentages are shown in Section 1. The minimum allocation for any Sub-Account to which You choose to allocate Account Value is 5% of Net Premium, and percentages must be in whole numbers. We reserve the right to limit the number of Sub Accounts to which you may allocate your Account Value to not more than 20 Sub Accounts. Net Premiums will first be applied to reduce any Unpaid Policy Charges. Premiums received prior to the end of the Right to Return Policy Period will be credited to the sub-account shown in Section 1 for allocation of Premiums during the Free Look Period. Your initial allocation percentages will take effect at the end of the Right to Return Policy Period. You may change the allocation percentages at any time pursuant to written or telephone request to Our Principal Office. Telephone requests will be honored only if We have a properly completed telephone authorization form for You on file. We, our affiliates and the representative from whom You purchased Your Policy will not be responsible for losses resulting from acting upon telephone requests reasonably believed to be genuine. We will use reasonable procedures to confirm that instructions communicated by telephone are genuine. The procedures We follow for transactions initiated by telephone include requirements that You identify Yourself by name and identify a personal identification number. An allocation change will be effective as of the date We receive the request for that change. PLANNED PERIODIC PREMIUMS. While You are not required to make subsequent Premium payments according to a fixed schedule, You may select a planned periodic Premium schedule and corresponding billing period, subject to Our limits. We will send You reminder notices for the planned periodic Premium at each billing period as specified in Section 1 unless reminder notices have been suspended as described below. However, You are not required to pay the planned periodic Premium; You may increase or decrease the planned periodic Premium subject to Our limits, and You may skip a planned payment or make unscheduled payments. You may change Your planned payment schedule or the billing period, subject to Our approval. Depending on the investment performance of the Sub-Accounts You select, the planned periodic Premium may not be sufficient to keep t...
Sample 1
Allocation of Net Premium. Except as otherwise provided herein, Net Premium will be allocated to the Investment Options in accordance with the allocation percentages specified by You. While there are no limitations concerning the number of Investment Options to which Net Premium may be allocated, We and the Fund reserve the right to impose minimum allocation amounts for any or all Investment Options. You may change the allocation percentages at any time pursuant to a request submitted to Our Principal Office in a form acceptable to Us. An allocation change will be effective as of the date We receive the request for that change provided that it is received on a Valuation Day before the close of the New York Stock Exchange. If a request is received on a day that is not a Valuation Day or after the close of the New York Stock Exchange on a Valuation Day, it will become effective on the next Valuation Day.
Sample 1
Allocation of Net Premium. Initial Net Premium The initial Net Premium and any Net Premium received during the Right to Examine period are allocated to the account shown on the Policy Data Page on the later of the Policy Date or the date we receive the premium at our Home Office. At the end of the Right to Examine period, we transfer your Account Value to the Fixed Account or the Variable Account based on your current premium allocation instructions. For purposes of determining the end of the Right to Examine period, solely as it applies to this transfer, we assume that receipt of this policy occurs on the date as described on the Policy Data Page. Subsequent Net Premiums are allocated as of the end of the Valuation Period during which we receive the premium at our Home Office. You may change the allocation of subsequent Net Premiums at any time by Proper Notice, or by telephone if written authorization is on file with us.
Sample 1
Allocation of Net Premium. Except as otherwise provided herein, Net Premium will be allocated to the Sub-Accounts in accordance with the allocation percentages specified by You. Your initial allocation percentages are shown in Section 1. There are no limitations concerning the number of Sub-Accounts to which Net Premium may be allocated, but the minimum allocation for any Sub- Account to which You choose to allocate Account Value is 5% of Net Premium, and percentages must be in whole numbers. You may change the allocation percentages at any time pursuant to written or telephone request to the Service Center. Telephone requests will be honored only if We have a properly completed telephone authorization form for You on file. We and Our agents and affiliates will not be responsible for losses resulting from acting upon telephone requests reasonably believed to be genuine. We will use reasonable procedures to confirm that instructions communicated by telephone are genuine. The procedures We follow for transactions initiated by telephone include requirements that You identify yourself by name and identify a personal identification number. An allocation change will be effective as of the date the Service Center receives the request for that change.
Sample 1
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Related to Allocation of Net Premium

  • Allocation of Net Deferred Interest For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the Class PO Certificates) in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Interest-Only Certificates) on such Distribution Date will be added as principal to the outstanding Class Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balance of the Class PO Certificates.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Distribution of Net Cash Flow Net Cash Flow shall be distributed among the Partners in accordance with their Partnership Percentages at such times and in such amounts as shall be determined by the General Partner.

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Ratable Allocation of Premium So long as each Fund continues to operate as an investment company, each Fund agrees to pay its proportionate share of the total premium due under the Policy, which share shall be determined based on each Fund’s proportionate share of the sum of the premiums that would have been paid if such insurance coverage were purchased separately by the Funds.

  • Allocations of Net Profits and Net Losses (a) After giving effect to the allocations under Sections 4.2 and 7.1(b)(v), Net Profits and Net Losses and all related items of income, gain, loss, deduction and credit for each Fiscal Period shall be allocated among the Members in such manner as shall cause the Capital Accounts of each Member to equal, as nearly as possible, (i) the amount such Member would receive if all assets on hand at the end of such year were sold for cash at the Carrying Values of such assets, all liabilities were satisfied in cash in accordance with their terms (limited in the case of Member Nonrecourse Debt and Company Nonrecourse Liabilities to the Carrying Value of the assets securing such liabilities), and any remaining or resulting cash was distributed to the Members under Section 4.4(a), minus (ii) an amount equal to such Member’s allocable share of Minimum Gain as computed immediately prior to the deemed sale described in clause (i) above in accordance with the applicable Treasury Regulations, and minus (iii) the amount any such Member is treated as obligated to contribute to the Company, computed immediately after the deemed sale described in clause (i) above.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

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