Unit Account definition

Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

Unit Account means the account maintained in the Special Ledger for a Director to which Units allocable to the Director under this Plan are credited.

Unit Account means an individual account created and administered by the Company for a Policy and consisting of Units in one or more Funds, which are valued in reference to the Unit Price of respective Fund.

Examples of Unit Account in a sentence

• The Solar Energy Allocation Percentage for each Residential Unit Account must be in proportion to the relative size of each unit, consistent with the manner in which affordable housing rents are established.

• An amount equal to the Policy Administration Charge falling due between the Date of Discontinuance and the date of revival will be levied on revival by cancelling Units in the Unit Account at their Unit Price.

• On the expiry of the Lock in Period, We will close the Unit Account and the value of Units in the Discontinuance Policy Fund as at that date shall be paid to You, unless You have exercised the option to revive the Policy within the Revival Period.

• For the purpose of this policy, we will maintain an account called the Unit Account, to which the premiums received under this policy, shall be credited, net of applicable Charges in the respective Unit Linked Funds in the proportion as chosen by you.

• Units will be cancelled from the Unit Account for recovering applicable Charges and for payment of benefit amounts and other amounts which are payable from the Fund Value.

More Definitions of Unit Account

Unit Account means an allowance tracking system account, established by the administrator for an affected unit pursuant to 40 CFR 73.31 (a) or (b) as amended through July 30, 1993.

Unit Account means the Policy Fund account

Unit Account. As defined in Section 3.05.

Unit Account means an individual account created and administered by the Company for a Policy and consisting of Units, which are valued in reference to the Unit Price of a Fund.

Unit Account means the unfunded bookkeeping account established and maintained by the Administrator for each Participant that is credited with Deferral Units and Matching Units.

Unit Account on a given date means the units of the Funds that remain allocated to the Plan at the end of the previous day. Any units cancelled before that time for any reason described in this document do not form part of the Unit Account.

Unit Account means an allowance tracking system account, established by the administrator for an affected unit pur- suant to 40 CFR 73.31 (a) or (b).