SPECIAL FUNDS Sample Clauses

SPECIAL FUNDS. Where used in this Contract, Special Funds are [the Liquid Asset Division, the Limited Maturity Bond Division, the Fixed Allocations and the Guaranteed Interest Division]. We may add newly available divisions as Special Funds. We may also reclassify an existing division as a Special Fund or remove such designation upon 30 days notice to you. Such reclassification will apply to amounts transferred or otherwise added to such division after the date of change. We may reduce the Mortality and Expense Risk Charge (if applicable) for that portion of the Contract invested in a Special Fund.
SPECIAL FUNDS. Where used in this Rider the Special Funds if any are listed on the Schedule Page. The Company reserves the right to classify newly available divisions as Special Funds from the date of their availability to the Owner. The Company may reclassify an existing division as a Special Fund or remove such designation. Such reclassification shall be made with 30 days notice to contract owners, and will apply to amounts transferred or otherwise added to such division after the date of change. PRORATA PARTIAL WITHDRAWAL ADJUSTMENT The MGAB Base and MGAB Charge Base will be reduced by Prorata Partial Withdrawal Adjustments each time a partial withdrawal is made. The Prorata Partial Withdrawal Adjustment is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value withdrawn, (2) is the Accumulation Value immediately prior to withdrawal, and (3) is the amount of MGAB Base or MGAB Charge Base (as appropriate) immediately prior to the withdrawal. TRANSFER ADJUSTMENT The MGAB Base and MGAB Charge Base will be reduced for each transfer within [three] years before the Benefit Date. The Transfer Adjustment is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value transferred, (2) is the Accumulation Value immediately prior to a transfer, and (3) is the amount of MGAB Base or MGAB Charge Base (as appropriate) immediately prior to the transfer APPLYING THE MGAB On the Benefit Date the MGAB is calculated and added to the Accumulation Value. Allocation of the benefit to the divisions of the Variable Separate Account is done proportionately based on the amount of Accumulation Value invested in each division on the date the MGAB is applied. If no part of the Contract's Accumulation Value is invested in the Variable Separate Account, the MGAB will be allocated to the Liquid Asset Division, or its successor, unless otherwise directed by you prior to the Benefit Date. Once the MGAB has been applied, the Contract's Accumulation Value will reflect the MGAB and it shall be subject to all rights available to you. The benefit is not treated as premium in the determination of any Contract or Rider benefits, and you will receive no Credit. MGAB WAITING PERIOD The Waiting Period is the period from the Rider Date to the Benefit Date. During the Waiting Period, Rider Charges apply. This Rider may not be cancelled during the Waiting Period, except as provided in this rider. MGAB CHARGES Charges for this Rider will be deducted from the Con...
SPECIAL FUNDS. The allocation of Accumulation Value to the Fixed Account, the Guaranteed Interest Divisions and Divisions of the Separate Account may be subject to specific limitations or rules when calculating the Death Benefits provided in each of the Benefit Option Packages described below. Collectively, such allocations are called Special Funds. Special Funds, if any, are shown in the Certificate. We may add newly available Divisions as Special Funds. We may also reclassify an existing Division as a Special Fund or remove such designation upon 30 days notice to the Certificate Owner. Such reclassifications will apply to amounts transferred or otherwise allocated to such Division after the date of date of the change. We may reduce any applicable Mortality and Expense Risk Charge for that portion of the Certificate allocated to a Special Fund.
SPECIAL FUNDS. Where used in this Contract, Special Funds are [the Liquid Asset Division, the Limited Maturity Bond Division, the Fixed Allocations and the Guaranteed Interest Division]. We may add newly available Divisions as Special Funds. We may also reclassify an existing Division as a Special Fund or remove such designation upon 30 days notice to you. Such reclassification will apply to amounts transferred or otherwise added to such Division after the date of change. We may reduce the Mortality and Expense Risk Charge (if applicable) for that portion of the Contract invested in a Special Fund. PRORATA PARTIAL WITHDRAWAL ADJUSTMENTS For any partial withdrawal, the Death Benefit components will be reduced by Prorata Partial Withdrawal Adjustments. The Prorata Partial Withdrawal Adjustment to a Death Benefit component for a partial withdrawal is equal to (1) divided by (2) multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal. Separate adjustments will apply to amounts in the Special and non-Special Funds.
SPECIAL FUNDS. 1. A special fund to be known as the Special Development Fund is hereby established into which the Bank may receive contributions or loans. The Special Development Fund may be used to make or guarantee loans of high developmental priority, with longer maturities, longer deferred commencement of repayment and lower interest rates than those determined by the Bank for its ordinary operations. The Bank shall, as soon as practicable, adopt rules and regulations for the administration and use of the Special Development Fund.
SPECIAL FUNDS a) The establishment and administration of Special Funds by the Bank shall be approved by the Board of Governors by a qualified majority and shall follow the purposes set forth in Article 2 of this Agreement.
SPECIAL FUNDS. 1. The Bank may accept Special Funds which are designed to serve the purpose and come within the functions of the Bank; such Special Funds shall be resources of the Bank. The full cost of administering any Special Fund shall be charged to that Special Fund.
SPECIAL FUNDS. None of the WJHC Assets are subject to, and WJHC shall indemnify and hold Champion harmless from and against, any liability in respect of amounts received by WJHC or others for the purchase or improvement of the WJHC Assets or any part thereof under restricted or conditioned grants or donations, including, without limitation, monies received under the Public Health Service Act, 42 U.S.C. Section 291 et seq.
SPECIAL FUNDS. Neither River Oaks nor any of its Subsidiaries is subject to any liability in respect of amounts received by any of them or others for the purchase or improvement of any assets or any part thereof under restricted or conditioned grants or donations, including monies received under the Public Health Service Act, 42 U.S.C. (S)(S)291 et seq.
SPECIAL FUNDS. The Indenture creates and establishes the following separate trust funds, in addition to the Airport Revenue Fund, held by the Trustee: Airport Revenue Bond Service Fund, to be held by the Trustee; Airport Revenue Bond Service Reserve Fund, to be held by the Trustee; Airport Operating and Maintenance Fund, to be held by City; Airport Subordinated Debt Service Fund, to be held by City; Airport General Obligation Debt Service Fund, to be held by City; Airport Renewal and Replacement Fund, to be held by City; Airport Improvement Fund, to be held by City Airport Surplus Fund, to be held by City; and Airport Development Fund, and the Airport Account and the Airline Account therein, each to be held by City. All of the Special Funds and the moneys and investments therein are pledged by the Indenture to the purposes, and to be maintained and applied, solely and exclusively in the manner provided in this Agreement and in the Indenture.