Account Charge Sample Clauses
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Account Charge. When a change of Customer occurs, an account charge, as set out in the Standard Fees and Charges Schedule, will be paid by the new Customer with respect to each account in that Customer’s name for which a separate ▇▇▇▇ is rendered by the Utility.
Account Charge. The Company shall enter into an account charge with the Security Agent (“Account Charge Agreement”) on or around the date hereof, to create security over the Designated Account as a continuing security for the payment and discharge of the Secured Liabilities in favour of the Security Agent (as security agent for the Secured Parties, including but not limited to the Investors) (the “Account Charge”). The Company shall further register the Account Charge with the register of mortgages and charges of the Company, deliver a notice in relation to the Account Charge to the bank with which the Designated Account is opened and ensure that “Conditions of Consent to Account Charge” as set out in the Account Charge Agreement is duly executed by the Company and the bank with which the Designated Account is opened, each in accordance with the Account Charge Agreement.
Account Charge. On the last business day of each Contract Year, LNL will deduct $25.00 from the Account Value. At surrender the Account Charge will be deducted from the Account Value. If the Owner has elected more than one sub-account, the deduction of the Account Charge shall be taken from each sub-account on a pro-rata basis. Each sub-account will be adjusted by an amount equal to a fraction of the charge. The fraction is equal to "a" divided by "b", where a is the Account Value of the sub-account and "b" is the value of all sub-accounts under the Contract. The fraction for each sub-account is applied to the deduction to determine each sub-account's deduction. For the purposes of this Section, the fixed portion of the Contract is considered a sub-account.
Account Charge. On the last business day of each Contract Year, LNL will deduct $25.00 from the account value. At surrender the account charge will be deducted from the account value. The account value is the value of all the Accumulation Units in the name of the Owner plus the value of the fixed portion of the Contract. If the Annuitant has elected more than one sub- account, the deduction of the Account Charge shall be taken from each sub-account on a pro-rata basis. Each sub-account will be adjusted by an amount equal to a fraction of the charge. The fraction is equal to "a" divided by "b", where "a" is the account value of the sub-account and "b" is the value of all sub-accounts under the Contract. The fraction for each sub-account is applied to the deduction to determine each sub-account's deduction. For the purposes of this Section, the fixed portion of the Contract is considered a sub-account.
Account Charge. The Account Charge will be deducted automatically from the Account Accumulation Value on the initial Account Accumulation Date and each subsequent Account Accumulation Date, as long as the Account Accumulation Value is greater than zero. The Account Charge amount will be calculated as: