Additional Purchase Payments. Subject to the Payment Limits provision below, additional purchase payments may be made until the earlier of:
Additional Purchase Payments. (a) In addition to 2022 Purchase Payments, the City shall also pay to the Authority, the Trustee or to the United States Treasury Department, as the case may be, “Additional Purchase Payments,” as follows:
Additional Purchase Payments. You may make additional Purchase Payments at any time before the Annuity Date, while the Owner or Annuitant is living and this Contract is in force. The minimum additional Purchase Payment amounts are shown in the Contract Specifications. We may limit the amount of any single Purchase Payment if it does not comply with state or federal law. A single Purchase Payment or the aggregate of all Purchase Payments may not exceed the Maximum Purchase Payment Amount Without Home Office Approval as shown in the Contract Specifications. Purchase Payments are payable in U.S. dollars at our Service Center. Checks should be made payable to Pacific Life & Annuity Company. If you make Purchase Payments by check other than a cashier’s check, withdrawal payments and any refund under the Right to Cancel provision may be delayed until your check has cleared. Purchase Payment Allocation – Prior to the Annuity Date, you may allocate all or part of your Purchase Payments to one or more of the Investment Options available under this Contract. The Investment Options available on the Contract Date are shown in the Contract Specifications. You may change the Purchase Payment allocation by providing us with instructions in a form satisfactory to us. We will allocate any Purchase Payment according to your most recent allocation instructions. We may reject any instruction or Purchase Payment if your instructions are not clear and we cannot determine your allocation instructions.
Additional Purchase Payments. You may make additional purchase payments of at least the minimum amount shown under Contract Data. You can not allocate purchase payments to the Fixed Account for six months following: (1) a partial surrender from the Fixed Account; or (2) termination of automated transfers from the Special DCA Fixed Account prior to the end of Your elected Special DCA time period. We reserve the right to cancel this contract if both of the following conditions exist at the same time: (1) no purchase payments have been paid for a continuous period of 36 months; and (2) the Contract Value is less than $2000. In this event, We will give You notice of Our intent to cancel this contract. Upon such cancellation We will pay You the Contract Value, after any rider charges have been deducted from the Variable Account, in one sum. This contract will then terminate. ALLOCATION OF PURCHASE PAYMENTS You instruct Us on how You want Your purchase payments allocated among the available accounts. Allocations to certain accounts or variable subaccounts may be limited or required under the terms of certain optional benefit riders, if any, attached to this contract. Your allocation instructions as of the Contract Date are shown under Contract Data. Unless any restrictions apply, You may, by Written Request or other method agreed to by Us, change Your choice of accounts or percentages. If Your current allocation instructions include a fund to which allocations are restricted and You do not provide new instructions, We will apply payments pro rata according to the valid portion of Your allocation instructions. The first purchase payment will be allocated as of the end of the Valuation Period during which We make an affirmative decision to issue this contract. Purchase payments after the first will be allocated as of the end of the Valuation Period during which We receive the payment at Our corporate office. ACCOUNTS: FIXED AND VARIABLE THE FIXED ACCOUNT The Fixed Account is Our general account. It is made up of all Our assets other than those in:
Additional Purchase Payments. You may add money to your Contract before the Annuity Date if all the Owners are still living. If your Contract is issued to two owners and one Owner dies before the Annuity Date, we will not accept additional Purchase Payments unless the surviving Owner was the spouse of the deceased Owner at the time of death and elected to continue the Contract as his or her own. The smallest additional Purchase Payment we will accept is $250. An additional Purchase Payment that you invest in any Investment Option(s) will be credited to your contract based on the next computed Accumulation Unit Value(s) for those Investment Option(s) after we receive your payment at our Annuity Service Center. We reserve the right to reject Purchase Payments made with cash-like instruments including, but not limited to money orders, cashier's checks, bank drafts, postal money orders and Traveler's Express international money orders.
Additional Purchase Payments. (i) Subject to the limitations set forth in the next sentence, as further consideration of the sale and transfer of the Purchased Assets, for the period commencing on the first day of the second calendar quarter of 2004 and ending on the expiration of the first calendar quarter of 2010 (the "EXCLUSIVITY PERIOD"), Purchaser shall pay to Pfizer, as agent for the Asset Selling Corporations (or to Pfizer's Affiliates as Pfizer may designate on behalf of the Asset Selling Corporations), on the last Business Day of each calendar quarter of the Exclusivity Period, $2,900,000 (the "ADDITIONAL PAYMENTS") (for an aggregate total payment of $69,600,000 for the entire Exclusivity Period), by wire transfer in immediately available funds to one or more accounts specified in writing by Pfizer at least two Business Days prior to the last Business Day of such calendar quarter. Notwithstanding the foregoing, but subject to Section 2.6(b)(iii), Purchaser's obligation to make the Additional Payments shall terminate on the first date (the "LAUNCH DATE") of commercial sales to unaffiliated third parties by any Person (other than Purchaser or any of its Affiliates) of a generic drug that is AB rated to the Product (a "COMPETING DRUG"); provided, however, that if the Launch Date occurs during the Exclusivity Period, within two Business Days after the Launch Date, Purchaser shall pay to Pfizer, as agent for the Asset Selling Corporations (or to Pfizer's Affiliates as Pfizer may designate on behalf of the Asset Selling Corporations), by wire transfer in immediately available funds to one or more accounts specified in writing by Pfizer, an amount equal to the product (rounded up to the nearest whole cent) of (i) $2,900,000 and (ii) a fraction, (A) the numerator of which is equal to the number of days elapsed since the first day of the calendar quarter in which the Launch Date occurs and the Launch Date (including such first day, but excluding the Launch Date) and (B) the denominator of which is equal to 90.
Additional Purchase Payments. Subject to the limitations described in this prospectus, we continue to accept additional Purchase Payments under the Contracts during the Accumulation Phase and before the Income Period. However, we may terminate your ability to make additional Purchase Payments in the future. We only allow additional Purchase Payments to move into Index Options on Index Anniversaries. As a result, we hold Purchase Payments we receive on days other than an Index Anniversary in the AZL Government Money Market Fund and such Purchase Payments are not available to receive Performance Credits until we transfer them to your selected Index Options. We do not allow assets to move into an established Index Option until the Term End Date. If you request to allocate a Purchase Payment into an established Index Option on an Index Anniversary that is not a Term End Date, we will allocate those assets to the same Index Option with a new Term Start Date. Allianz Index Advantage+ IncomeSM Variable Annuity Prospectus – May 1, 2023 20
Additional Purchase Payments. You may make additional Purchase Payments at any time before the Annuity Date, while the Annuitant is living and this Contract is in force. Each additional Purchase Payment must be at least $250 for Non-Qualified Contracts and $50 for Qualified Contracts. We may limit the amount of any single Purchase Payment. A single Purchase Payment or the aggregate of all Purchase Payments may not exceed the Maximum Purchase Payment amount shown in the Contract Specifications without our approval. Purchase Payments are payable in U.S. dollars at our Service Center. Checks should be made payable to Pacific Life & Annuity Company. If you make Purchase Payments by check other than a cashier’s check, withdrawal payments and any refund under the Right to Cancel provision may be delayed until your check has cleared. Letter of Intent (LOI) – You may commit to invest additional Purchase Payments within 13 months from the Contract Date through a LOI in order to qualify you for a lower initial Sales Charge. See the Sales Charge provision for an explanation of determining the appropriate Sales Charge when a LOI is involved. If, after 13 months from the Contract Date, the total additional Purchase Payments received are less than the amount indicated in your LOI, we will deduct from the Contract Value an adjustment to the Sales Charge, where the adjustment is the difference between (1) and (2) below:
Additional Purchase Payments. You may make additional Purchase Payments at any time before the Annuity Date, while the Annuitant is living and this Contract is in force. Each additional Purchase Payment must be at least $250 for Non-Qualified Contracts and $50 for Qualified Contracts. We may limit the amount of any single Purchase Payment. You must obtain our consent before making a Purchase Payment that will bring the aggregate Purchase Payments over the Maximum Purchase Payment amount shown in the Contract Specifications. Purchase Payments are payable in U.S. dollars either at our Service Center or through our agent. Checks should be made payable to Pacific Life Insurance Company. If you make Purchase Payments by check other than a cashier’s check, withdrawal payments and any refund under the Right to Cancel provision may be delayed until your check has cleared. On request, a receipt for the Purchase Payment signed by an officer of the Company will be provided after payment. Purchase Payment Allocation
Additional Purchase Payments. You may make additional purchase payments of at least the minimum amount shown under Contract Data. You can not allocate purchase payments to the Fixed Account for six months following: (1) a partial surrender from the Fixed Account; (2) a lump sum transfer from the Regular Fixed Account to another account; or (3) termination of automated transfers from the Special DCA Fixed Account prior to the end of Your elected Special DCA time period. We reserve the right to cancel this contract if both of the following conditions exist at the same time: (1) no purchase payments have been paid for a continuous period of 36 months; and (2) the Contract Value is less than $2000. In this event, We will give You notice of Our intent to cancel this contract. Upon such cancellation We will pay You the Contract Value, after any rider charges have been deducted from the Variable Account, in one sum. This contract will then terminate.
