MARC. The Company agrees to apply for membership in the Mutual Aid and Restoration Consortium (“MARC”) and if accepted for such membership, to execute the then applicable MARC agreement, and be fully active in MARC activities, including participation in MARC alerts, drills, and meetings.
MARC will not participate in gross annual premiums and policy fees paid by the policyholder, expense charges, cash values, accumulation fund amounts, dividends, nor any benefits not expressly referred to herein.
MARC. Minimum Annual Revenue Commitment (“MARC”) means an annual revenue commitment of XXXX-Xxxxxxxx Charges set forth in a Pricing Schedule that Customer agrees to satisfy during each 12 consecutive month period of the Pricing Schedule Term. At the end of each such 12 month period, if Customer has failed to satisfy the MARC for the preceding 12 month period, Customer will be invoiced a shortfall charge in an amount equal to the difference between the MARC and the total of the applicable MARC-Eligible Charges incurred during the 12 month period, and payment will be due in accordance with Section 4.4 (Payments).
MARC. MARC shall perform or cause to be performed the services set forth in Exhibit 2, which is attached hereto and incorporated herein by this reference.
MARC. MARC is hereby designated the administrator and is by virtue of this designation responsible for administering this cooperative undertaking. As administrator, MARC shall perform or cause to be performed the services set forth in Exhibit 2.
MARC. If we approve MARC for your accounts, a separate personal identification number (PIN) will be assigned to you. You must use your personal identification number (PIN) along with your account number to access your accounts. At the present time, you may use MARC to: - Transfer funds from your savings, checking, and Money Market accounts. - Obtain balance information for your savings and checking accounts. - Make loan payments from your checking accounts. - Determine if a particular item has cleared. Your accounts can be accessed under MARC via a touch-tone telephone only. MARC service will be available for your convenience 24 hours per day. This service may be interrupted for a short time each day for data processing. The following limitations on MARC transactions may apply: - There is no limit to the number of inquiries, transfers, or withdrawal requests you may make in any one (1) day. - See Section 2 for transfer limitations that may apply to these transactions. The Credit Union reserves the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account. The Credit Union may set other limits on the amount of any transaction, and you will be notified of those limits. The Credit Union may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction and there may be limits on the duration of each telephone call.
MARC. Munich Re Group
MARC. Munich Re Group Exhibit VI List of Amendments Universal Life Each "List of Amendments" (monthly, quarterly, or annual) should show details for each policy for which any transaction (see codes 4--12 below) occurred which has an effect on either the Reinsurance Death Benefit or reinsurance premium. The basic policy details to be shown include the following:
MARC. Munich Re Group This addendum will be attached to and form a part of the Automatic Reinsurance Agreement effective March 1, 2003, between the Ceding Company and MARC. In witness whereof, the said American National Insurance Company, Galveston, Texas, and the said Munich American Reassurance Company, Atlanta, Georgia, have by their respective officers executed and delivered this addendum in duplicate. American National Insurance Company By ___________________ Title: _________________ Attest _________________ Date ______________________ Munich American Reassurance Company By ____________________ Title: __________________ Attest __________________ Date _____________________
MARC. Munich Re Group Exhibit II (continued) Automatic reinsurance is provided for increases resulting from changes in existing insurance coverage as provided in the policy, as long as such coverage qualifies as life insurance according to U.S. federal income tax laws and regulations, subject however to the automatic coverage limits defined herein.
