Examples of Termination Disbursement in a sentence
If a Termination Disbursement is made, then this Agreement will end with no further value.
If a Termination Disbursement is not made in accordance with Section 6.4, then Distributions, including the purchase of new annuities under Section 8 and guaranteed withdrawals under the Target Guaranteed Withdrawal Rider, may continue to be made.
On the Termination Disbursement Date, We will disburse, or begin to disburse all assets held under this Agreement.
The Trustee shall, in accordance with Sections 4.16 and 4.17 of the Series 2001-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 2001-1 Cash Collateral Account and shall use such funds in the same manner as the Series 2001-1 Letter of Credit would be used hereunder.
The Trustee shall, in accordance with Sections 4.16 and 4.17 of the Series 2000-1 Supplement, deposit the amount of such LOC Termination Disbursement into the Series 2000-1 Cash Collateral Account and shall use such funds in the same manner as the Series 2000-1 Letter of Credit would be used hereunder.