Excess Surrender definition
Excess Surrender means any Withdrawal taken in a Contract Year above the Free Amount Percentage shown in the Contract Schedule.
surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.
Old Certificates has the meaning set forth in Section 3.04(a).
Book-Entry Share has the meaning set forth in Section 2.01(c).
Book-Entry Certificates As specified in the Preliminary Statement.
Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.