SHARE OF PROCEEDS. Unless you specify otherwise, each beneficiary receiving payments will have an equal share in any Death Proceeds payable or any Annuity Income remaining payable.
SHARE OF PROCEEDS. Unless you specify otherwise, each beneficiary in the same class of beneficiaries will have an equal share in any Death Proceeds payable. ----------------------------------------------------------------------- 14. SETTLEMENT PROVISIONS -----------------------------------------------------------------------
SHARE OF PROCEEDS. NSV will receive and hold the Commercialisation Proceeds in accordance with clause 8.4 as agent for Prana in the proportions specified in Item 3 of Schedule 4. If no such proportions are specified, then the proportions specified in Item 2 of Schedule 4 will apply.
SHARE OF PROCEEDS. Unless you specify otherwise, each beneficiary in the same class of beneficiaries will have an equal share in any Death Proceeds payable. ICC16 W-WR-FPVA page 21 WR2100IC Contract Number: XX0000000
SHARE OF PROCEEDS. Unless you specify otherwise, each beneficiary receiving payments will have an equal share in any Death Proceeds payable or any Annuity Income remaining payable. If this contract has two Annuitants and both die such that the order of death cannot be determined, then one- half of the Death Proceeds will be paid to the beneficiary of each Annuitant.
SHARE OF PROCEEDS. Unless you specify otherwise, each beneficiary receiving proceeds will have an equal share in any Death Proceeds payable. V3-YC-VUL-9 page 9 Contract Number: V1234567 ---------------------------------------------------------------------------- 4. PREMIUMS AND REINSTATEMENT ---------------------------------------------------------------------------- 4.1 PREMIUM PAYMENTS. The amount of the Planned Annual Premium is shown on page 3. The initial premium is due and payable on the Date of Issue. Premiums may be paid at any time and in any amount before Attained Age 100, subject to Section 4.3
SHARE OF PROCEEDS. Unless you specify otherwise, each beneficiary receiving proceeds will have an equal share in any Death Proceeds payable. ============================================================================ 12. SETTLEMENT PROVISIONS ============================================================================ 12.1 PAYMENT OF PROCEEDS. Proceeds from death, maturity or surrender are payable in a lump sum unless otherwise provided. On Death Proceeds, we will pay interest at the rate payable in Option 1 - Interest Income or, if greater, the rate required by law. Interest is payable from the date of death until the date of settlement. Instead of a lump sum, proceeds of $2,000 or more may be paid under any settlement option in Section 12.2 by means of a supplementary contract which we will issue.
SHARE OF PROCEEDS. The Association is hereby irrevocably appointed as an agent and attorney-in- fact for each and every Unit Owner, for each Institutional First Mortgagee and/or each owner of any other interest in the Condominium Property to adjust and settle any and all claims arising under any insurance policy purchased by the Association and to execute and deliver releases upon the payment of claims, if any. Nothing herein shall preclude the Board from designating an Insurance Trustee to assume the obligations of the Association for disbursement of insurance proceeds. The decision to engage or appoint an Insurance Trustee, or not to do so, lies solely with the Board. All insurance policies obtained by or on behalf of the Association shall be for the benefit of the Association, the Unit Owners and their mortgagees, as their respective interests may appear, and shall provide that all proceeds covering property losses shall be paid to the Association. The duty of the Association shall be to receive such proceeds as are paid and to hold the same in trust for the purposes elsewhere stated herein, and for the benefit of the Unit Owners and their respective mortgagees in the following shares:
SHARE OF PROCEEDS. All insurance policies obtained by or on behalf of the Hotel Operator pursuant to this Article XIV shall be for the benefit of the Hotel Operator, the Association, the Unit Owners and the holders of any mortgage on a Unit (or any leasehold interest therein), as their respective interests may appear. The duty of the Hotel Operator shall be to receive such proceeds as are paid and to hold the same in trust for the purposes elsewhere stated herein, and for the benefit of the Unit Owners and the holders of any mortgage on the subject Unit(s) (or any leasehold interest therein) in accordance with the allocated interest attributable thereto.
SHARE OF PROCEEDS. If there is a Liquidity Event before the end of this Safe, the Investor will automatically be entitled (subject to the Liquidation Priority) to receive a portion of Proceeds, due and payable to the Investor immediately before, or at the same time as, the completion of such Liquidity Event, equal to the greater of:
