Rights Of Owner definition

Rights Of Owner. While the Annuitant is living, the Owner may exercise all rights given by this contract or allowed by us. These rights include assigning this contract, changing Beneficiaries, changing ownership, enjoying all contract benefits and exercising all contract options. The consent of any Irrevocable Beneficiary is needed to exercise any contract right. Assigning This This contract may be assigned. But for any assignment Contract to be binding on us, we must receive a signed copy of it at our Home Office. We will not be responsible for the validity of any assignment. Once we receive a signed copy, the rights of the Owner and the interest of any Beneficiary or any other person will be subject to the assignment. Changing The Owner The Owner or Beneficiary may be changed while the Or Beneficiary Annuitant is living. We do not limit the number of changes that may be made. To make a change, a written request, satisfactory to us, must be received at our Home Office. The change will take effect as of the date the request is signed, even if the Annuitant dies before we receive it. Each change will be subject to any payment we made or other action we took before receiving the request. Transfer Of Transfers of values between divisions of the Separate Accumulation Units Account may be made upon written direction received at our Home Office. Transfers will be made by cancelling all or part of the accumulation units in a division and applying the value of the cancelled units to purchase units in any other division. Unit values will be determined as of the valuation date which is on or next follows the date the written direction is received at our Home Office. The sales charge percent and any 10% limit that applies to the units being cancelled will continue to apply to the units purchased by the value of the cancelled units. Transfers between divisions of the Separate Account can be made up to 30 days before the maturity date of this contract. Redeeming This Contract Right To Redeem This contract may be redeemed for its cash redemption value any time before it matures and while the Annuitant is living. Redemption will be effective on the date we receive this contract and a written redemption request, satisfactory to us, at our Home Office. A later effective date may be elected in the redemption request.
Sample 1

Examples of Rights Of Owner in a sentence

  • Policy Ownership Rights Of Owner While the Insured is living, the Owner may exercise all rights given by this policy or allowed by us.

  • Contract Ownership Rights Of Owner While the Annuitant is living, the Owner may exercise all rights given by this contract or allowed by us.

Related to Rights Of Owner

  • Transfer of ownership Includes, but is not limited to, the conveyance of a Mortgaged Property, whether legal or equitable, voluntary or involuntary, by any of the following methods:

  • Certificate of ownership means a paper or an electronic

  • Water Rights means: (1) with respect to any Person, all of such Person’s right, title and interest in and to any water stock, permits or entitlements and any other water rights related to or appurtenant to property owned or leased by such Person, and (2) with respect to any property, any water stock, permits or entitlements and any other water rights related to or appurtenant to such property.

  • Public Rights-of-Way means the area on, below, or above a public roadway, highway, street, public sidewalk, alley, waterway, or utility easements dedicated for compatible uses.

  • Contract Rights means all rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts.

  • Rights-of-Way means easements, licenses, rights-of-way, permits, servitudes, leasehold estates, instruments creating an interest in real property, and other similar real estate interests.

  • Contract Right means any right, power or remedy of any nature under any Contract including rights to receive property or services or otherwise derive benefits from the payment, satisfaction or performance of another party’s Obligations, rights to demand that another party accept property or services or take any other actions, and rights to pursue or exercise remedies or options.

  • Architect of Record means the architect licensed by the State who has the contract responsibility for the Project, who designs and prepares the construction documents from which the building is constructed, and who signs the required documents.

  • Owner means the person in whose name American Depositary Shares are registered on the books of the Depositary maintained for that purpose.

  • Declarant means any person or group of persons acting in concert who:

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.

  • Royalty Interest is defined in Section 1.01.

  • Contracting entity means any person that has a primary business purpose of contracting with participating providers for the delivery of health care services.

  • Direct Rights means the rights referred to in Clause 2.1 (Direct Rights - Creation);

  • Record owner means, as of any particular time, a record owner of Outstanding Shares of the Trust shown on the books of the Trust or any Portfolio or the Trust’s transfer agent as then issued and outstanding at such time;

  • Contract of Sale means a contract for the sale of an object by a seller to a buyer which is not an agreement as defined in (a) above;

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Water right means a permit, claim, or other authorization, on record with or accepted by the department of ecology, authorizing the beneficial use of water in accordance with all applicable state laws.

  • Foreground Intellectual Property means all Intellectual Property developed by either Party pursuant to this Agreement;

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.