CONTRIBUTING TO AN ACCOUNT Sample Clauses

CONTRIBUTING TO AN ACCOUNT. How Do I Make Contributions to the Program? All Contributions to your Account must be made in cash or cash equivalent and cannot be in the form of securities or other property. Contributions by check must be denominated in U.S. dollars. You may contribute to the Program by any of the following methods: • Check payable to “Bright Directions”; • Automatic investment plan (“AIP”) - You may establish an AIP by logging on to your Account at XxxxxxXxxxxxxxxx.xxx or downloading and completing and submitting the appropriate form. If your AIP Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future AIP contributions. • Electronic funds transfer (“EFT”) - You may complete EFT contributions by logging on to your Account at XxxxxxXxxxxxxxxx.xxx. If your EFT Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future EFT Contributions. • Payroll contribution - Payroll Contributions allow you to set up automatic contributions in the form of paycheck deductions. Check with your employer to see if it offers this service. • Bright Directions GiftED - You can send an email invitation to family and friends to allow them to contribute to your Account. Log in to your Account and follow the on-screen instructions. • Wire transfer - Please be aware that your bank may charge a fee for wire transfers;
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CONTRIBUTING TO AN ACCOUNT. Contributions Any person can contribute to an Enable Savings Plan account, but only the Account Owner may realize the benefits of an account. For example, only the Account Owner or an Authorized Individual may control how assets are invested and used. Contribution restrictions All contributions must be cash-equivalent and denominated in U.S. dollars. Cash is not accepted. The Program Manager will hold all contributions up to five business days in a non-interest bearing account before a withdrawal of those assets can occur. For the Checking Investment Option, the contribution will be made available for withdrawal from the Checking Investment Option on the sixth business day. Minimum contribution amounts The minimum initial contribution amount is $50 per account unless the Account Owner signs up for AIP or payroll deduction of at least $25 per month. The minimum subsequent contribution amount is $25, but is waived if the Account Owner is signed up for AIP or payroll deduction. Limits on an account Annual Contribution Limit – Code Section 529A mandates an annual contribution limit for ABLE programs. The Plan’s Annual Contribution Limit is currently $15,000 per Account Owner from all sources. If the Account Owner, for example, were to contribute $10,000 to the account in a calendar year and the Account Owner’s parent were to contribute $5,000, the Annual Contribution Limit would be reached and no additional contributions would be accepted into the account until the following year. This limit may increase from time to time. Contributions by an employed Account Owner who has earned income during the current calendar year and has not contributed to an employer-sponsored retirement plan, including a 401(k), a 403(b) or a 457(b) plan, during the current calendar year may exceed the Annual Contribution Limit by the lesser of (a) the compensation included in the Account Owner’s gross income for the taxable year, or (b) the federal poverty line for a one-person household as determined for the calendar year preceding the calendar year in which the taxable year begins.
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CONTRIBUTING TO AN ACCOUNT. Contributions Anyone can contribute to a Plan account but only the account owner can (1) control how the assets are invested and used, (2) designate a Beneficiary, and (3) claim tax benefits related to the account, regardless of who contributed to it. Contribution restrictions All contributions must be cash-equivalent and denominated in U.S. dollars. The Program Manager will hold all contributions up to seven business days before a withdrawal of those assets can occur. No contribution minimums There are no minimum contribution requirements and there is no minimum amount that must be maintained in a Plan account. The Program Manager reserves the right to close a zero-balance account. Limits on maximum contributions to an account Additional contributions to an account are not permitted when the fair market value of all accounts owned by all account owners within the Trust for that Beneficiary equals or exceeds the Maximum Contribution Limit. If, however, the market value of such accounts falls below the Maximum Contribution Limit, additional contributions will be accepted. The $500,000 Maximum Contribution Limit applies to all accounts for the same Beneficiary in all plans administered by the Nebraska State Treasurer, including the Plan, the NEST Direct Plan, the TD Ameritrade 529 College Savings Plan and the State Farm 529 Savings Plan. The Nebraska State Treasurer may periodically adjust the Maximum Contribution Limit.
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CONTRIBUTING TO AN ACCOUNT. How Do I Make Contributions to the Program? All Contributions to your Account must be made in cash or a cash equivalent and cannot be in the form of securities or other property. Contributions by check must be denominated in U.S. dollars. You may contribute to the Program by any of the following methods: • Check payable to “Bright Start”; • Automatic investment plan (“AIP”) - You may establish an AIP by logging on to your account at XxxxxxXxxxx.xxx or downloading and completing and submitting the appropriate form. If your AIP Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future AIP contributions. • Electronic funds transfer (“EFT”) - You may complete EFT contributions by logging on to your account at XxxxxxXxxxx.xxx. If your EFT Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future EFT Contributions. • Payroll contribution - Payroll Contributions allow you to set up automatic contributions in the form of paycheck deductions. Check with your employer to see if it offers this service. • Bright Start GiftED - You can send an email invitation to family and friends to allow them to contribute to your Account. Log in to your account and follow the on-screen instructions. • Wire transfer - Please be aware that your bank may charge a fee for wire transfers. • “Rewards” from your Bright Start 529 College Savings Visa® Card - Once you’ve accumulated $50 in rewards with the Bright Start 529 College Savings Visa® Card, those amounts will be automatically transferred at the end of each calendar quarter to the Account(s) you designate. • Transfer or rollover from another 529 qualified tuition program, CESA, or a qualified U.S. Savings Bond. Amounts distributed from a CESA and contributed to an Account may be treated as a tax-free distribution from the CESA. In addition, subject to certain limitations, redemption of certain qualified U.S. Savings Bonds may be tax-free if the proceeds are contributed to an Account. Certain rules and requirements must be met. For more information consult IRS Publication 970 and your financial, tax, or legal advisor. Checks should be made payable to “Bright Start Direct-Sold 529” and sent to the following address: Mailing Address Bright Start Direct-Sold 529 P.O. Box 85298 Lincoln, NE 68501 Overnight Address Bright Start Di...
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CONTRIBUTING TO AN ACCOUNT. Contributions Any person can contribute to an Enable Alabama account, but only the Account Owner may realize the benefits of an account. For example, only the Account Owner or an Authorized Individual may control how assets are invested and used. Contribution restrictions All contributions must be cash-equivalent and denominated in U.S. dollars. Cash is not accepted. The Program Manager will hold all contributions up to five business days in a non-interest bearing account before a withdrawal of those assets can occur. For the Checking Investment Option, the contribution will be made available for withdrawal from the Checking Investment Option on the sixth business day. Minimum contribution amounts The minimum initial contribution amount is $50 per account unless the Account Owner signs up for AIP or payroll deduction of at least $25 per month. The minimum subsequent contribution amount is $25, but is waived if the Account Owner is signed up for AIP or payroll deduction. Limits on an account Annual Contribution Limit – Code Section 529A mandates an annual contribution limit for ABLE programs. The Plan’s Annual Contribution Limit is currently $14,000 per Account Owner from all sources. If the Account Owner, for example, were to contribute $10,000 to the account in a calendar year and the Account Owner’s parent were to contribute $4,000, the Annual Contribution Limit would be reached and no additional contributions would be accepted into the account until the following year. This limit may increase from time to time.
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CONTRIBUTING TO AN ACCOUNT. Contributions Anyone can contribute to a Plan account but only the account owner can (1) control how the assets are invested and used,
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CONTRIBUTING TO AN ACCOUNT. Maximum Contribution Limit” on page 23. For federal and Arkansas tax purposes, this type of transfer may be done directly between the accounts, without a withdrawal of money from the iShares 529 Plan, or indirectly, by contributing money to the receiving account within 60 days after the withdrawal from the prior account. See “FEDERAL AND STATE TAX TREATMENT” on page 113. There may be federal gift tax, estate tax, or GST tax consequences in connection with changing the Designated Beneficiary of a 529 Plan account. Note that if the new Designated Beneficiary belongs to a younger generation than the immediately preceding Designated Beneficiary, the immediately preceding Designated Beneficiary or the Account Owner may be liable for gift or GST tax. For more information on gift and GST taxes, see “FEDERAL AND STATE TAX TREATMENT - Federal Gift and Estate Taxes” on page 117. Making a Rollover from a Xxxxxxxxx Education Savings Account or Qualified U.S. Savings Bond Proceeds from a Xxxxxxxxx Education Savings account (formerly known as an Education IRA) or from the redemption of a Qualified U.S. Savings Bond may be contributed to the iShares 529 Plan. You will need to provide the iShares 529 Plan with the following documentation:  In the case of a contribution from a Xxxxxxxxx Education Savings account: an account statement or other documentation from the financial institution that acted as custodian of the Xxxxxxxxx Education Savings account that shows the total amount contributed to such account and the earnings in the account.  In the case of a Contribution from the redemption of a Qualified U.S. Savings Bond: an account statement, a Form 1099-INT, or other documentation from the financial institution that redeemed the Qualified U.S. Savings Bond showing interest from the redemption of the Qualified U.S. Savings Bond. Until the iShares 529 Plan receives this documentation, the entire amount of your Contribution will be treated as earnings for recordkeeping and tax reporting purposes.
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Related to CONTRIBUTING TO AN ACCOUNT

  • Certain Rules Relating to the Payment of Additional Amounts (a) Upon the request, and at the expense of the Borrower, each Lender and Agent to which the Borrower is required to pay any additional amount pursuant to Subsection 4.10 or 4.11, and any Participant in respect of whose participation such payment is required, shall reasonably afford the Borrower the opportunity to contest, and reasonably cooperate with the Borrower in contesting, the imposition of any Non-Excluded Tax giving rise to such payment; provided that (i) such Lender or Agent shall not be required to afford the Borrower the opportunity to so contest unless the Borrower shall have confirmed in writing to such Lender or Agent its obligation to pay such amounts pursuant to this Agreement and (ii) the Borrower shall reimburse such Lender or Agent for its reasonable attorneys’ and accountants’ fees and disbursements incurred in so cooperating with the Borrower in contesting the imposition of such Non-Excluded Tax; provided, however, that notwithstanding the foregoing no Lender or Agent shall be required to afford the Borrower the opportunity to contest, or cooperate with the Borrower in contesting, the imposition of any Non-Excluded Taxes, if such Lender or Agent in its sole discretion in good faith determines that to do so would have an adverse effect on it.

  • What if I Make a Contribution for Which I Am Ineligible or Change My Mind About the Type of IRA to Which I Wish to Contribute? Prior to the due date (including extensions) for filing your tax return, you may elect to “recharacterize” amounts that you contributed to an IRA during the year by making a recharacterization of the contributed amount and earnings. Thus, for example, if you contribute amounts to a Xxxx XXX and later determine that you are ineligible to make a Xxxx XXX contribution for the year, you may at any time prior to the tax return due date for the year (including extensions) make a recharacterization of the contributions and earnings to a Traditional IRA.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Participating TO Retail Metering The Participating TO may install retail revenue quality meters and associated equipment, pursuant to the Participating TO’s applicable retail tariffs.

  • Remedies relating to Accounts Upon the occurrence of an Event of Default and during the continuation thereof, whether or not the Administrative Agent has exercised any or all of its rights and remedies hereunder, (i) each Grantor will promptly upon request of the Administrative Agent instruct all account debtors to remit all payments in respect of Accounts to a mailing location selected by the Administrative Agent and (ii) the Administrative Agent shall have the right to enforce any Grantor’s rights against its customers and account debtors, and the Administrative Agent or its designee may notify any Grantor’s customers and account debtors that the Accounts of such Grantor have been assigned to the Administrative Agent or of the Administrative Agent’s security interest therein, and may (either in its own name or in the name of a Grantor or both) demand, collect (including without limitation by way of a lockbox arrangement), receive, take receipt for, sell, xxx for, compound, settle, compromise and give acquittance for any and all amounts due or to become due on any Account, and, in the Administrative Agent’s discretion, file any claim or take any other action or proceeding to protect and realize upon the security interest of the holders of the Secured Obligations in the Accounts. Each Grantor acknowledges and agrees that the Proceeds of its Accounts remitted to or on behalf of the Administrative Agent in accordance with the provisions hereof shall be solely for the Administrative Agent’s own convenience and that such Grantor shall not have any right, title or interest in such Accounts or in any such other amounts except as expressly provided herein. The Administrative Agent and the holders of the Secured Obligations shall have no liability or responsibility to any Grantor for acceptance of a check, draft or other order for payment of money bearing the legend “payment in full” or words of similar import or any other restrictive legend or endorsement or be responsible for determining the correctness of any remittance. Each Grantor hereby agrees to indemnify the Administrative Agent and the holders of the Secured Obligations from and against all liabilities, damages, losses, actions, claims, judgments, costs, expenses, charges and reasonable attorneys’ fees suffered or incurred by the Administrative Agent or the holders of the Secured Obligations (each, an “Indemnified Party”) because of the maintenance of the foregoing arrangements except as relating to or arising out of the gross negligence or willful misconduct of an Indemnified Party or its officers, employees or agents. In the case of any investigation, litigation or other proceeding, the foregoing indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by a Grantor, its directors, shareholders or creditors or an Indemnified Party or any other Person or any other Indemnified Party is otherwise a party thereto.

  • Payment in the Event Losses Fail to Reach Expected Level On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the Final Shared Loss Month, or upon the final disposition of all Shared Loss Assets under this Single Family Shared-Loss Agreement at any time after the termination of the Commercial Shared-Loss Agreement, the Assuming Institution shall pay to the Receiver fifty percent (50%) of the excess, if any, of (i) twenty percent (20%) of the Intrinsic Loss Estimate less (ii) the sum of (A) twenty-five percent (25%) of the asset premium (discount) plus (B) twenty-five percent (25%) of the Cumulative Shared-Loss Payments plus (C) the Cumulative Servicing Amount. The Assuming Institution shall deliver to the Receiver not later than 30 days following the True-Up Measurement Date, a schedule, signed by an officer of the Assuming Institution, setting forth in reasonable detail the calculation of the Cumulative Shared-Loss Payments and the Cumulative Servicing Amount.

  • Suspension of Rules Relating to Recalcitrant Accounts The United States shall not require a Reporting [FATCA Partner] Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in paragraph 2 of Article 2 of this Agreement, subject to the provisions of Article 3 of this Agreement, with respect to such account.

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a Xxxx XXX may not be rolled over into a Traditional IRA. If you have a 401(k), Xxxx 401(k) or Xxxx 403(b) and you wish to rollover the assets into an IRA you must roll any designated Xxxx assets, or after tax assets, to a Xxxx XXX and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

  • Rights of Limited Partners Relating to the Partnership (a) In addition to the other rights provided by this Agreement or by the Act, and except as limited by Section 8.5(b) hereof, each Limited Partner and the Special Limited Partner shall have the right, for a purpose reasonably related to such Person’s interest as a limited partner in the Partnership, upon written demand with a statement of the purpose of such demand and at such Person’s own expense (including such reasonable copying and administrative charges as the General Partner may establish from time to time):

  • Manner of Conveyance; Limited Warranty; Nonrecourse; Etc THE CONVEYANCE OF ALL ASSETS, INCLUDING REAL AND PERSONAL PROPERTY INTERESTS, PURCHASED BY THE ASSUMING INSTITUTION UNDER THIS AGREEMENT SHALL BE MADE, AS NECESSARY, BY RECEIVER'S DEED OR RECEIVER'S XXXX OF SALE, "AS IS", "WHERE IS", WITHOUT RECOURSE AND, EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED IN THIS AGREEMENT, WITHOUT ANY WARRANTIES WHATSOEVER WITH RESPECT TO SUCH ASSETS, EXPRESS OR IMPLIED, WITH RESPECT TO TITLE, ENFORCEABILITY, COLLECTIBILITY, DOCUMENTATION OR FREEDOM FROM LIENS OR ENCUMBRANCES (IN WHOLE OR IN PART), OR ANY OTHER MATTERS.

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