SURRENDERS Sample Clauses

SURRENDERS. The Owner may, upon Notice to LNY, surrender this Contract for its surrender value at any time prior to the earlier of: the Annuity Commencement Date, or termination of this Contract upon payment of any Death Benefit. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNY receives Notice of surrender. Surrenders will be subject to the withdrawal and surrender requirements as shown on the Contract Specifications. The surrender value on the Valuation Date of surrender will be the sum of "a." and "b." minus the CDSC, where:
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SURRENDERS. If an FAA TSO Authorization holder, FAA Letter of Design Approval holder, or a ETSO Authorization holder elects to surrender the TSO/ETSO approval issued by the FAA or EASA, the FAA or EASA shall immediately notify the other in writing of the action. The exporting authority shall inform the importing authority when an unsafe condition has been identified, until such time as the TSO/ETSO approval is formally withdrawn by the exporting authority.
SURRENDERS. If an FAA TSO Authorization or a DGAC TSOA holder elects to surrender the TSO approval issued by the FAA or DGAC respectively, as exporting authorities, the FAA or DGAC will immediately notify the other in writing of the action. The exporting authority shall accomplish all actions necessary to ensure continued airworthiness of the appliance, until such time as the TSO approval is formally withdrawn by the exporting authority.
SURRENDERS. The Owner may, upon Notice to LNL, surrender this Contract for its surrender value at any time prior to the earlier of: the Annuity Commencement Date, or termination of this Contract upon payment of any Death Benefit. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNL receives Notice of surrender. Surrenders will be subject to the withdrawal and surrender requirements as shown on the Contract Specifications. The surrender value on the Valuation Date of surrender will be the Contract Value, minus the CDSC. LNL reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to a level at which this Contract may be surrendered in accordance with the terms set forth in the standard nonforfeiture law for individual deferred annuities applicable in the state in which this Contract was purchased. LNL may surrender the Contract for its surrender value. Upon receipt of Notice to surrender, LNL will pay the amount of any surrender within the time period required by the Securities and Exchange Commission, unless the Suspension or Deferral of Payments or Transfers from the Variable Account provision (Article 9) is in effect.
SURRENDERS. The Owner may, upon Notice to LNY, surrender this Contract for its surrender value at any time prior to the earlier of: the Annuity Commencement Date, or termination of this Contract upon payment of any Death Benefit. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNY receives Notice of surrender. Surrenders will be subject to the withdrawal and surrender requirements as shown on the Contract Specifications. LNY reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to less than $2,000, and Purchase Payments have stopped for a period of three full years. By payment of the Contract Value, LNY shall be relieved of any further obligation under this Contract. Upon receipt of Notice to surrender, LNY will pay the amount of any surrender within the time period required by the Securities and Exchange Commission, unless the Suspension or Deferral of Payments or Transfers provision (Article 10) is in effect.
SURRENDERS. Full or partial surrenders may be made any time prior to the Annuity Commencement Date. Partial surrenders may be taken provided the Contract Value remaining after the surrender is at least $5,000. The amount we will pay upon a full or partial surrender is equal to the Contract Value surrendered minus any applicable premium tax and contract maintenance fee. SUSPENSION OR DELAY IN PAYMENT OF SURRENDER - The Company may suspend or delay the date of payment of a partial or full surrender from the Variable Account value for any period:
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SURRENDERS. If an FAA TSOA or a CAA TSOA holder elects to surrender their TSO approval, the FAA or the CAA will immediately notify the other in writing of the action. The authority for the State of Design will accomplish all actions necessary to ensure continued airworthiness of the article, until such time as the TSO approval is formally withdrawn.
SURRENDERS. You may surrender this contract at any time prior to the Annuitization Date provided that the Owner and Joint Owner, if any, are living and provided that You give Us Notice at Our office. FULL SURRENDER You may surrender this contract in full for the surrender value. The surrender value at any time is the accumulated value on the date We receive Your Notice, less any applicable Surrender Charge and other fees and charges. PARTIAL SURRENDERS You may make unscheduled and scheduled partial surrenders of this contract by providing Us Notice. Partial surrenders reduce the accumulated value of the contract and are deducted from the Investment Options in the same proportion as Your current premium payment allocations unless You direct otherwise. Partial surrenders that exceed the remaining Free Surrender Amount for that Contract Year are subject to any applicable Surrender Charge. If the partial surrender amount is less than the remaining Free Surrender Amount for that Contract Year, no Surrender Charge will apply. Any partial surrender that would reduce the accumulated value to less than the Minimum Accumulated Value After A Partial Surrender amount shown on the Data Page will be treated as a request for surrender of this contract. We reserve the right to change the Minimum Accumulated Value After A Partial Surrender amount but it will never be greater than the amount shown on the Data Page. The Minimum Unscheduled Partial Surrender amount is shown on the Data Page. The Minimum Accumulated Value To Initiate A Scheduled Partial Surrender is shown on the Data Page. Scheduled partial surrenders will:
SURRENDERS. If an FAA TSO Authorization holder, FAA Letter of Design Approval holder, or a JTSO Authorisation holder elects to surrender the TSO/JTSO approval issued by the FAA or ENAC as the exporting authority, the FAA or ENAC will immediately notify the other in writing of the action. The exporting authority shall inform the importing authority when an unsafe condition has been identified, until such time as the TSO/JTSO approval is formally withdrawn by the exporting authority.
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