Fund Record Unit Value Sample Clauses

Fund Record Unit Value. A Fund record unit value is computed by Separate Account: multiplying the net return factors for the current Valuation Period by the Fund record unit value for the previous Period. The dollar value of a Fund record units, Separate Account assets, and Variable Annuity payments may go up or down due to investment gain or loss.
Sample 1See All (7)
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Fund Record Unit Value. 9 3.06 Fund Net Return Factors ........................................................................................................................ 9 3.07 Fund Transfer(s) .................................................................................................................................... 10 3.08 Notice to the Participant ......................................................................................................................... 10 3.09 Withdrawal Restrictions .......................................................................................................................... 10 3.10 Maxxxx xnd Timing of Distributions ........................................................................................................ 11 3.11 Withdrawal .............................................................................................................................................. 11 3.12 Partial Withdrawal from the Fixed Plus Account .................................................................................... 12 3.13 Payment of Fixed Plus Account Full Withdrawal .................................................................................... 12 3.14 Payment of Minimum Current Value ...................................................................................................... 13 3.15 Amount Payable at Death (Before Annuity Payments Start) ................................................................. 13 3.16 Reinstatement ........................................................................................................................................ 13 IV. NON-ANNUITY DISTRIBUTION OPTIONS
Sample 1
Fund Record Unit Value. 21 3.06 Fund Net Return Factors: . . . . . . . . . . . . 21
Sample 1
Fund Record Unit Value. 21 3.07 Fund Net Return Factors: . . . . . . . . . . . . . . . . . . . . 21 3.08 Market Value Adjustment (MVA): . . . . . . . . . . . . . . . . . 21 3.09 Transfer(s): . . . . . . . . . . . . . . . . . . . . . . . . . . 22 3.10 Notice to the Participant: . . . . . . . . . . . . . . . . . . . 23 3.11 Loans: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 3.12 Xxxxxx and Timing of Distributions: . . . . . . . . . . . . . . 25 3.13 Withdrawal: . . . . . . . . . . . . . . . . . . . . . . . . . . 26 3.14 Withdrawal Value: . . . . . . . . . . . . . . . . . . . . . . . 26 3.15 Withdrawal Restrictions: . . . . . . . . . . . . . . . . . . . . 26 3.16 Withdrawals from the GA Account: . . . . . . . . . . . . . . . . 27 3.17 Withdrawal Fee Applicable to Funds and GA Account: . . . . . . . 27 3.18 Payment of Fixed Plus Account Full Withdrawal: . . . . . . . . . 27 3.19 Reinstatement: . . . . . . . . . . . . . . . . . . . . . . . . . 28 3.20 Payment of Minimum Current Value: . . . . . . . . . . . . . . . 28 3.21 Amount Payable at Death (Before Annuity Payments Start): . . . . 28
Sample 1
Fund Record Unit Value. A Fund record unit value is computed by Separate Account: multiplying the net return factors for the current Valuation Period by the Fund record unit value for the previous Period. The dollar value of Fund record units, Separate Account assets, and Variable Annuity payments may go up or down due to investment gain or loss. 3.05 Market Value An MVA will apply to any withdrawal from Adjustment: the AG Account before the end of a Guaranteed Term when the withdrawal is due to:
Sample 1
Fund Record Unit Value. 13 3.05 Fund Net Return Factors ............................ 13 3.06
Sample 1

Related to Fund Record Unit Value

  • ACCUMULATION UNIT VALUE The initial accumulation unit value of each Sub-Account was established at $10. The accumulation unit value of a Sub-Account on a Valuation Date is calculated by multiplying the accumulation unit value as of the immediately preceding Valuation Date by the net investment factor as described in the Net Investment Factor provision below. The dollar value of an Accumulation Unit will vary in amount depending on the investment experience of the Portfolio and charges taken from the Sub-Account.

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

  • Net Asset Value Distributions Redemptions Transfers Section 1. DETERMINATION OF NET ASSET VALUE, NET INCOME AND DISTRIBUTIONS.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • Annuity Unit Value The initial Annuity Unit Value for each Subaccount was arbitrarily set at $10 on the Business Day the Subaccount began operations. At the end of each subsequent Business Day, the Annuity Unit Value for each Subaccount is equal to (A x B) x C, where:

  • Purchases of Shares Among Portfolios The Trust may purchase, on behalf of any Portfolio (the "Purchasing Portfolio"), Shares of another Portfolio (the "Selling Portfolio") or any Class thereof. Shares of the Selling Portfolio so purchased on behalf of the Purchasing Portfolio shall be Outstanding Shares, and shall have all preferences, voting powers, rights and privileges established for such Shares.

  • Adjustments for Dividends, Distributions, Stock Splits, Etc (1) In case the Company shall pay or make a dividend or other distribution on any class of Common Stock of the Company in Common Stock, the Settlement Rate in effect at the opening of business on the day following the date fixed for the determination of stockholders entitled to receive such dividend or other distribution shall be increased by dividing such Settlement Rate by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination and the denominator shall be the sum of such number of shares and the total number of shares constituting such dividend or other distribution, such increase to become effective immediately after the opening of business on the day following the date fixed for such determination. For the purposes of this paragraph (1), the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • NET INVESTMENT FACTOR The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • Creation of Escrow Account/Common Stock Account a. On or prior to the date of this Agreement the Escrow Agent shall establish an escrow account for the deposit of the Escrow Funds entitled as follows: eTotalSource, Inc./Cornell Capital Partners, LP. The Investor will wire funds to the account of the Escrow Agent as follows: Bank: Wachovia, N.A. of New Jersey Routing #: 031201467 Account #: 2020000659170 Name on Account: David Gonzalez Attorney Trust Accoxxx Xxxx xx Xxb-Account: eTotalSource, Inc./Cornell Capital Partners, LP Escrow account

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