Allocation of Deposits. (a) TDAC shall allocate TDAC Customer funds in the TDAC Master Accounts so that an amount that is less than or equal to the TDAC Customer’s FDIC insurance limit be deposited in the TDAC Master Account at TD Bank, with any overage to be allocated to the TDAC Master Account at TD Bank USA, and TDATC shall allocate TDATC Customer funds to the TDATC Master Accounts held at TD Bank USA.
(b) The Depository Institutions recognize that TDA and TDATC may enter into agreements similar to this Agreement with other depository institutions for the purpose of providing FDIC insurance to Customer Accounts that exceed the Depository Institutions’ FDIC insurance limits. The Depository Institutions agree that the selection of other depository institutions to participate in the offering of Money Market Deposit Accounts to Customers shall be in the sole discretion of TDA and TDATC, subject to TD Parent’s right to object based on reasonable commercial business considerations, provided, however, that regardless of any such objection, the final decision concerning the selection of the other depository institutions remains in the sole discretion of TDA and TDATC. The effectiveness of this Agreement shall in no way be conditioned upon the participation with by other designated or undesignated depository institutions in the offering of Money Market Deposit Accounts to Customers. TDA and TDATC recognize that the Depository Institutions may offer Money Market Deposit Accounts to persons other than the Customers without restriction.
(c) In the event that TDA or TDATC enter into agreements similar to this Agreement with other depository institutions, it is understood and agreed that the funds of the Customers shall be allocated to the depository institutions offering Money Market Deposit Accounts as the Customers and TDAC or TDATC as agent for the Customers shall determine appropriate. In this regard, the Depository Institutions recognize that TDA and TDATC may (i) provide the Customers with a list of depository institutions making Money Market Deposit Accounts available, (ii) pursuant to the direction of a Customer, place funds in a Money Market Deposit Account at the depository institution that the Customer has selected, and (iii) deposit in excess of FDIC insurance limits applicable to a Customer in a Money Market Deposit Account at the depository institution selected by the Customer.
Allocation of Deposits. Deposits from Purchasing Systems and from Participating Systems other than the State Employees’ Retirement System and the Teachers’ Retirement System shall be allocated to such Account or Accounts other than the State Employees’ and Teachers’ Separate Account as may be designated by the Board of such Purchasing System or Participating System and in the absence of such a designation shall be allocated to the General Allocation Account. The assets of the State Employees’ Retirement System and Teachers’ Retirement System shall be allocated to such Account or Accounts as the Trustees may, in their sole discretion, determine.
Allocation of Deposits. After an adequate application on behalf of a Participant has been made, Deposits, less Premium Tax, if any, will be allocated in the Participant Annuity Account when received by the Company at its Administrative Offices. Deposits on behalf of the Participant will be allocated among any number of currently offered Variable and Guaranteed Sub-Accounts in accordance with the latest recorded Request. The allocation of Deposits may be changed at any time upon the Company's receipt at its Administrative Offices of the Request. A change of allocation will be effective for Deposits which are received after the Company's receipt and recording of the change.
Allocation of Deposits. 9 SECTION 5. ACCOUNT VALUE PROVISIONS 5.1 Variable Accounts ..............................................................................9 5.2 Risk
Allocation of Deposits. Deposits, less Premium Tax, if any, will be allocated in the Participant Annuity Account among any number of currently offered Variable and Guaranteed Sub-Accounts in accordance with the latest recorded Written Request of the Participant. Allocations shall be effective upon the Company's receipt of both the Deposit and the Group Policyholder report required under Section 4.2. Deposits and Policyholder reports received after 4:00 EST/EDT shall be deemed to have been received on the next business day. The allocation of Deposits may be changed at any time upon the Company's receipt at its Administrative Offices of the Written Request of the Participant. A change of allocation will be effective for Deposits which are received after the Company's receipt and recording of such Written Request.
Allocation of Deposits. 10 ARTICLE V
Allocation of Deposits. Deposits less Premium Tax, if any, will be allocated in the Participant Annuity Account effective as of the later of date both the Written Request of the Group Contractholder on behalf of the Participant and such Deposits are received by the Company at its Home Office. Deposits for the Participant will be allocated among any number of currently offered Variable and Guaranteed Sub-Accounts in accordance with the latest recorded Written Request of the Group Contractholder on behalf of the Participant. In the event such
Allocation of Deposits. 7.2.1 When you request to make a Deposit, you will be provided with a reference number (“Reference Number”). To permit timely and successful allocation of a Deposit, you must use the Reference Number when you make a Deposit using an Accepted Deposit Method. Aquarius will not be responsible for any delay in or non-allocation of Deposits where you fail to specify the required Reference Number.
7.2.2 Deposits may take time to reflect in your Aquarius Account due to bank processing times, operational processes, and/or failure by you to adhere to the Deposit Requirements. Under no circumstances will Aquarius have any liability to you in relation to any delay in or failure of a Deposit reflecting in your Aquarius Account.
7.2.3 Aquarius will make all reasonable efforts to allocate Deposits that meet the Deposit Requirements. However, any Deposits less than the Minimum Unallocated Deposit Amount that cannot be allocated within a one-month period will be retained by Aquarius and you accept and agree that you shall have no further claim or entitlement to such funds. The Minimum Unallocated Deposit Amount is as published under the “Account” section of the Aquarius Site.
Allocation of Deposits. It is understood and agreed that Broker, as agent for Customers, shall be entitled to allocate to the Depository Institution the funds of such Customers as Broker shall in its sole discretion determine appropriate; provided, that the Depository Institution reserves the right to require seven (7) days prior notice before the amount of funds on deposit with the Depository Institution may be withdrawn in accordance with this Section 28.
Allocation of Deposits. As mutually agreed by the Parties, each Deposit may be allocated and deposited into multiple accounts, including accounts in the names of one or more LocalCos that are liable for the payment of such sums, and accounts designated by SMIG for Management Fees and amounts that will be incurred or paid by SMIG. Regardless of the number of accounts, the amounts so deposited for a single Work Order or activity are within the definition of “Deposit.” Subject to tax and legal advice, it is intended that pursuant to Management Services Agreements, IndiaCo or other SMIHC designee will have the right to cause payments to be made from such LocalCo bank accounts consistent with this Agreement.
