Automatic Rebalancing Sample Clauses

Automatic Rebalancing. 18 WITHDRAWALS............................................... 18
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Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. Automatic rebalancing occurs when the Company transfers funds between the Separate Account Divisions so the values in each Division match the percentage allocation then in effect. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually as selected by the Owner. Automatic rebalancing will continue until we are notified by the Owner that it is to be discontinued. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the date of transfer falls on a non-business day, it will be priced as of the preceding business day. The Company reserves the right to discontinue offering Automatic Rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Premium Payment, and the frequency of payments.
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Automatic Rebalancing. [x] Note: Once elected on the Application, the Annuitant, Joint Annuitant, and Income Payment features cannot be changed. On and after the Income Start Date, the Owner has the right to:
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Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. This feature allows the Company to automatically rebalance the current proportional value of the Net Single Premium Payment allocated to each variable investment option under this Contract to correspond with allocation designated on the Application, or as later changed by the Owner. Automatic rebalancing does not guarantee gains, nor does it assure that there will not be investment losses. During automatic rebalancing the Company will take assets from the better performing Divisions and reallocate them to the lesser performing Divisions. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually on the Contract Date anniversary, the automatic rebalancing date. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the scheduled date of the transfer falls on a non-Valuation Date, it will be priced as of the preceding Valuation Date. 03017N 13 The Company reserves the right to discontinue offering automatic rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Single Premium Payment, and the frequency of payments. Note: Automatic rebalancing will continue until the Company is notified by the Owner that it is to be discontinued. Notification must be received at least five (5) business days prior to the next automatic rebalancing date.
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Automatic Rebalancing. Note: Once elected on the Application, the Annuitant, Joint Annuitant, and Income Payment features cannot be changed.
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Automatic Rebalancing. What Happens if a Variable Sub-account is Not Available
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Automatic Rebalancing. Prior to the Annuity Commencement Date, if you elect by providing Notice to Us, we will periodically transfer Accumulation Value as necessary to maintain a predetermined distribution among the Variable Sub-accounts. Automatic rebalancing will occur as of the close of business on the Business Day on or following the last day of each calendar quarter on a quarterly, semi-annual or annual basis as specified by you, subject to the following: (1) This option cannot begin until the first Business Day 30 days or more after the Contract Date. (2) The Accumulation Value at the time this option is elected must be at least $10,000. (3) The predetermined distribution amount among the Variable Sub-accounts must be expressed in full percentage points. (4) This option is not available if you elect automatic transfers. Transfers made to maintain the predetermined distribution you have specified are not subject to any excess transfer charges or limitations pertaining to frequent trading. You may discontinue or modify the option by sending Notice to Us at least 7 days before the next scheduled automatic rebalancing date. However, we are not responsible for any actions we take prior to recording your notice if such actions conform to your directions then on file with us. This option will automatically terminate if any of the following occur: (1) You choose to change the allocation of the Accumulation Value among the Variable Sub-accounts in a manner that does not conform to the predetermined distribution instructions; (2) Your allocation instructions for any Additional Premium are other than pro-rata; or (3) You make a Withdrawal on other than a pro-rata basis.
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Automatic Rebalancing. In conjunction with the Agreement that Client has established with Introducing Firm, where Client has retained Introducing Firm to perform investment advisory services for the Account, Client selects the mutual funds and target allocations as defined below.
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Automatic Rebalancing. 8.01 What is automatic rebalancing? Automatic rebalancing transfers values between Allocation Options to return your values to the Allocation Levels on file with us, as described below. Rebalancing at Levels A and R will occur as of each Contract Anniversary according to the allocation instructions on file with us for each Allocation Level. Any new allocation change request will supersede any prior allocation change requests made. There are no limits on the number of requests that can be made. However, the latest instructions will take effect on the next Contract Anniversary. The request must be received at our Administrative Office at least one Business Day prior to the Contract Anniversary for the new instructions to be effective for that Contract Anniversary. If we do not receive an Authorized Request in time for the next Contract Anniversary, the instructions will be effective on the following Contract Anniversary. At any time, the Index Rate Cap for the Risk Control Account is less than the Bailout Rate, we may, at our discretion, restrict allocations into that Risk Control Account and may not reallocate the Contract Value to that Risk Control Account through automatic rebalancing.
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Related to Automatic Rebalancing

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Automatic Acceleration Upon the occurrence of an Event of Default described in Section 8.01(l) or Section 8.01(m) the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.

  • Automatic Reinsurance For automatic reinsurance, the Reinsurer's liability will commence at the same time as the Ceding Company's liability, including liability under any conditional receipt or temporary insurance provision.

  • Automatic Debit In order to effectuate the timely payment of any of the Obligations when due, Borrower hereby authorizes and directs Lender, at Lender’s option, to: (i) debit, or cause or instruct the debit of, the amount of the Obligations to any ordinary deposit account of Borrower; or (ii) make a Revolving Loan hereunder to pay the amount of the Obligations.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Automatic Payments You can agree with a seller who accepts PayPal to use PayPal as the payment method for future purchases with that seller. This agreement is between you and the seller and allows you to pay the seller on a one-time, regular or sporadic basis. Depending on the seller you wish to pay, you might also be able to directly instruct PayPal to make future payments to the seller on your behalf on a one-time, regular or sporadic basis. Examples of automatic payments that can be arranged by you either with a seller or with PayPal include those that PayPal calls a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "preauthorised transfer" or "preapproved payment." You authorise and instruct PayPal to pay the third party (or another person they direct) amounts from your payment method for the amounts you agree to owe and as presented to PayPal by that third party. You may cancel an automatic payment up to 3 business days before the date of the next scheduled payment from your account settings or by contacting us. Once you contact PayPal to cancel an automatic payment, all future automatic payments under your agreement with that seller will be stopped. If you cancel an automatic payment, you may still owe the seller money for the purchase or have additional obligations to the seller for any goods or services that you receive but have not paid for. If you have authorised an automatic payment and PayPal performs currency conversion for an automatic payment transaction, PayPal will use the transaction exchange rate (including PayPal's currency conversion fee) in effect at the time the automatic payment transaction is processed.

  • Automatic Acceleration of Maturity If any Event of Default pursuant to Section 7.1(g) shall occur: (a) the obligation of each Lender to make Advances and the obligation of the Issuing Lender to issue Letters of Credit shall immediately and automatically be terminated and the Obligations, the Notes, all interest on the Notes, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by each of the Credit Parties, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guaranties, or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings.

  • Automatic Debits of Fees 89 12.12 Notification of Addresses, Lending Offices, etc..................................................... 89 12.13 Counterparts........................................................................................ 89 12.14 Severability........................................................................................ 89 12.15

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