THE OWNER. The Owner is named on page 3. All contract rights may be exercised by the Owner, the Owner's successor, or the Owner's transferee without the consent of any beneficiary. If the contract has more than one Owner, contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.
THE OWNER. The Owner is named on page 3. The Owner, his successor or his transferee may exercise policy rights without the consent of any beneficiary. After the death of the Insured, policy rights may be exercised only as provided in Sections 11 and 12.
THE OWNER. All communications under the Finance Documents to or from the Owner must be sent through the Facility Agent.
THE OWNER. The Owner owns the Contract and is entitled to exercise the rights incident to ownership. You are the Owner of this Contract. There may be Joint Owners; however, if there is more than one Owner, both Owners must agree to any change or exercise of the rights under this Contract. You may change the ownership of this Contract at any time prior to the Maturity Date. Any change, addition or deletion of an Owner is treated as a change of ownership. To change ownership, you must provide Notice to Us of such change. Change of ownership will take effect as of the date we receive Notice to Us.
THE OWNER. The Owner is named on page 3. The Owner, the Owner's successor or the Owner's transferee may exercise policy rights without the consent of any beneficiary, except to the extent the Owner's rights are restricted by a designation of an irrevocable beneficiary.
THE OWNER. The Owner shall have the right to assign any part or all of the Owner's retained interest in the Policy and this Plan to any person, entity or trust by execution of a written assignment delivered to the Insurer.
THE OWNER. 2.1.1 The Owner shall designate a Project Manager for the Project. The Project Manager is authorized to act on behalf of the Owner to perform specific responsibilities under the Agreement.
THE OWNER. Operator shall provide and have sole responsibility for fuel, oil, grease, tires, tubes, repairs, and any other items necessary to operate his equipment. He/she shall have complete freedom to purchase any such items at any place where efficient service and satisfactory products can be obtained at the most favorable prices.
THE OWNER. The Owner is named on page 3. All Contract rights may be exercised by the Owner, the Owner’s successor, or the Owner’s transferee without the consent of any beneficiary. Federal law requires specific personal information to be obtained and recorded to allow verification of the identity of the Owner, and any Owner successor or transferee. If requested information is not provided, the Company may be unable to issue the Contract or re-register the Contract in the name of the Owner’s successor or transferee. In addition, if the Company is unable to verify the Owner’s identity after the Contract is issued, the Company reserves the right to cancel the Contract and/or reject or delay the processing of any Purchase Payment or transfer request or take other steps as they deem reasonable. The Company is not responsible for any resulting loss due to a Contract not being issued or cancelled or a Purchase Payment or transfer request being rejected or subject to a processing delay. The Company reserves the right to provide to a Fund information about owners of variable annuity contracts supported by the Separate Account and their trading activities involving the Fund’s Portfolios that the Company deems necessary to (1) deter fraud or violations or operating rules of the Company or the Fund and (2) as required to comply with applicable state or federal law. If the Contract has more than one Owner, Contract rights may be exercised only by authorization of all Owners. Upon the death of an Owner, ownership rights of all Owners terminate if the deceased Owner was the Annuitant.
THE OWNER and the Consultant agree that any electronic files prepared by either party shall conform to the specifications listed in Attachment B. Any change to these specifications by either the Owner or the Consultant is subject to review and acceptance by the other party. Additional efforts by the Consultant made necessary by a change to the CADD software specifications shall be compensated for as Additional Services.
