Common use of Value of the Fund Clause in Contracts

Value of the Fund. The fair market value of the assets held under the Fund as determined by the Trustee in good faith shall be used to calculate the balance of the money and assets held under this Fund for any particular time, including on the death of the Annuitant or on a transfer of assets from the Fund. Any such determination by the Trustee shall be conclusive for all purposes hereof.

Appears in 4 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

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Value of the Fund. The fair market value of the assets held under the Fund as determined by the Trustee in good faith shall be used to calculate the balance of the money and assets held under this Fund for any particular time, including on the death of the Annuitant or on a transfer of assets from the Fund. Any such determination by the Trustee shall be conclusive for all purposes hereof.. The commuted value of the Annuitant’s benefits provided under this Fund shall be determined in accordance with the Act and this Regulation if it is divided under section 44 of the Act;

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

Value of the Fund. The fair market value of the assets held under the Fund as determined by the Trustee in good faith shall be used to calculate the balance of the money and assets held under this Fund for any particular time, including on the death of the Annuitant Annuitant, on the establishment of a Life Annuity Contract or on a transfer of assets from the Fund. Any such determination by the Trustee shall be conclusive for all purposes hereof.

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

Value of the Fund. The fair market value of the assets held under the Fund as determined by the Trustee Financial institution in good faith shall be used to calculate the balance of the money and assets held under this Fund for any particular time, including on the death of the Annuitant Annuitant, on the establishment of a Life Annuity Contract or on a transfer of assets from the Fund. Any such determination by the Trustee Financial institution shall be conclusive for all purposes hereof.

Appears in 3 contracts

Samples: And Disclosure of Personal, nbdb.ca, nbdb.ca

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Value of the Fund. The fair market value of the assets held under the Fund as determined by the Trustee in good faith shall be used to calculate the balance of the money and assets held under this the Fund for at any particular time, including on the death of the Annuitant or on a transfer of assets from the Fund. Any such determination by the Trustee shall be conclusive for all purposes hereof.

Appears in 2 contracts

Samples: www.nbc.ca, www.nbc.ca

Value of the Fund. The fair market value of the assets held under in the Fund as determined by the Trustee in good faith shall be used to calculate the balance of the money and assets held under this Fund for any particular timeat all times, including on at the death time of the Annuitant Annuitant’s death or on a transfer of assets from the Fundassets. Any such determination by the Trustee Financial Institution shall be conclusive for all purposes hereof.

Appears in 1 contract

Samples: www.nbc.ca

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