CONTRIBUTIONS AND ACCOUNTS Sample Clauses

CONTRIBUTIONS AND ACCOUNTS. Section 1 ----- Contributions Section 2 ----- Separate Account B Section 2A ----- Determination of Unit Value of Separate Account B Section 2B ----- Determination of Net Investment Factor Section 3 ----- Investment Accounts Section 4 ----- Forfeitures Section 5 ----- Transfers Between Investment Accounts Section 6 ----- Disposition of an Investment Account Section 7 ----- Cancellation of Investment Account Units Section 8 ----- Funds
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CONTRIBUTIONS AND ACCOUNTS. SECTION 1--CONTRIBUTIONS. Contributions may be accepted by us under this contract on any date on or after the Contract Date, subject to the provisions of Article VII, Section 10. A Contribution is any amount determined or allowed by the Plan to be paid to us. Contributions which correlate to a Plan Participant may be paid to us at any time on or after the Contract Date. Contributions in excess of those determined by the Plan may be paid to us only with our consent. All Contributions are payable directly to us at our home office in Des Moines, Iowa. Contributions may be directed to any Investment Accounts available as described in Section 3 of this Article, as specified by Notification to us. Contributions will be added to each Investment Account in the amount or percentage specified in the Notification on file with us. If we have no Notification on file for a particular Contribution, we will direct such Contribution to the Money Market Division Investment Account which correlates to the Plan Participant in whose name the Contribution was made. The investment direction may be changed at any time by filing a new Notification with us. The Money Market Division will be available for this purpose even if you choose not to make the Money Market Division available as an investment option for Plan Participants under this contract. We will maintain separate accounting records for each type of Contribution which correlate to Plan Participants that is permitted or required to be made under the Plan.
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CONTRIBUTIONS AND ACCOUNTS 
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Related to CONTRIBUTIONS AND ACCOUNTS

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Contributions to Capital (a) The minimum initial contribution of each Member to the capital of the Company shall be $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

  • DISTRIBUTIONS AND ADVANCES Section 5.01

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

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