Deferment Sample Clauses
Deferment. The use of proceeds to provide a payment of a Death Benefit and payment of any portion of the Annuity Account Value (less any Withdrawal Charge that applies) will be made within seven days after the Transaction Date of the request. Payments or proceeds from the Investment Options can be deferred for any period during which (1) any of the stock exchanges is closed or trading is restricted, (2) sales of securities or determination of the fair value of an Investment Option’s assets is not reasonably practicable because of an emergency, or (3) the Securities and Exchange Commission, by order, permits us to defer payment in order to protect persons with interests in the Investment Options.
Deferment. In the event a Student, having been offered and accepted enrolment into the School, wishes to change the commencement date as stated in the Letter of Acceptance, he/she or his/her Parent/Guardian is required to make a written application to the School requesting a deferment, stating the reasons for doing so and the length of deferment. The School, upon receiving such an application, reserves the right to determine whether to approve such deferment in its sole discretion.
Deferment. Any student who has received a loan under this section who, during the repayment period, either returns to a Maine practice and then leaves the State or initially remains out of state and then returns to a Maine practice may seek a deferment of the annual principal and interest payments while outside the State for a period of time not to exceed 3 years. Interest must be assessed during this time and the student's total debt to the authority, including principal and interest, must be repaid either through return service or cash payments within 10 years from the date that marks the beginning of the repayment period. Requests for deferments must be made to the chief executive officer, who shall make a determination on a case-by-case basis. The decision of the chief executive officer is final. [PL 1991, c. 832, §9 (AMD).]
Deferment. Application of proceeds to a variable annuity, payment of a death benefit when Section 2.10 or any payment required under Section 2.11 and payment of any portion of your Annuity Account Value (less any applicable withdrawal charge) will be made within seven days after the Transaction Date. Payments or applications of proceeds from the Investment Divisions can be deferred for any period during which (1) the New York Stock Exchange has been closed or trading on it is restricted, (2) sales of securities or determination of the fair value of an Investment Division's assets is not reasonably practicable because of an emergency, or (3) the Security and Exchange Commission, by order, permits us to defer payment in order to protect persons with interests in the Investment Divisions. We can defer payment of any portion of your Annuity Account Value in the Guaranteed Interest Division for up to six months while you are living.
Deferment. Application of proceeds to provide a payment of a death benefit under Part VI and payment of any portion of the Annuity Account Value (less any applicable Withdrawal Charge) will be made within seven days after the Transaction Date. Payments or applications of proceeds from a Separate Account may be deferred for any period during which (1) the New York Stock Exchange is closed or trading is restricted, (2) sales of securities or determination of the fair value of the Account's assets is not reasonably practicable because of an emergency, or (3) the Securities and Exchange Commission, by order, permits Equitable to defer payment in order to protect persons with interests in the Separate Account. Equitable may defer payment or transfer of any portion of the Annuity Account Value in the Guaranteed Interest Account for up to six months while the Owner is living.
Deferment. Contract students under this section who, during the repayment period, either return to a Maine practice and then leave the State or who initially remain outside the State and then return to a Maine practice may seek a deferment of the annual principal and interest payments while outside the State for a period of time not to exceed 3 years. Interest must be assessed during this time and the student's total debt to the State, including principal and interest, must be repaid either through return service or cash payments as established by the chief executive officer. Requests for deferments must be made to the chief executive officer who shall make a determination on a case-by-case basis. The decision of the chief executive officer is final. [PL 1989, c. 698, §17 (AMD); PL 1989, c. 698, §76 (AFF).] SECTION HISTORY PL 1981, c. 693, §§5,8 (NEW). PL 1983, c. 806, §§85,86 (AMD). PL 1985, c. 286, §1 (AMD). PL 1989, c. 698, §17 (AMD). PL 2023, c. 607, §12 (AMD). The State of Maine claims a copyright in its codified statutes. If you intend to republish this material, we require that you include the following disclaimer in your publication: All copyrights and other rights to statutory text are reserved by the State of Maine. The text included in this publication reflects changes made through the Second Regular Session of the 131st Legislature and is current through October 15, 2024. The text is subject to change without notice. It is a version that has not been officially certified by the Secretary of State. Refer to the Maine Revised Statutes Annotated and supplements for certified text. The Office of the Revisor of Statutes also requests that you send us one copy of any statutory publication you may produce. Our goal is not to restrict publishing activity, but to keep track of who is publishing what, to identify any needless duplication and to preserve the State's copyright rights.
Deferment. Except as provided in this Section, payments by AXA Equitable from the Annuitant's Account pursuant to the provisions of Sections 3.06, 3.10, and 3.11 will be made within seven days after receipt of a written request for such surrender or withdrawal, or receipt of due proof of death or disability of the Annuitant. During any period when (i) the sale of securities or the determination of the Unit Value is not reasonably practicable because an emergency, defined by the Securities and Exchange Commission, exists, or the New York Stock Exchange is closed or trading on such Exchange is restricted, or (ii) the Securities and Exchange Commission may by order permit postponement for the protection of persons having interests in the Separate Account, AXA Equitable reserves the right:
(a) to defer payment of the Account Balance of the Annuitant's Investment Account other than the Guaranteed Rate Account;
(b) to defer payment of any portion of a death or disability benefit arising from an amount in the Annuitant's Investment Account other than the Guaranteed Rate Account; or
(c) in the event of (a) above, to defer application of such amounts to provide any Annuity Benefit permitted under the Contract. Payments by AXA Equitable from the Guaranteed Rate Account pursuant to Section 3.06, Section 3.10 or Section 3.11 or any commuted payments arising from an annuity pursuant to Section 4.05 may be deferred for up to six months after receipt of a written request for such withdrawal or termination, receipt of due proof of disability or death of the Annuitant, or receipt of due documentation for such commutation. Interest at the applicable Guarantee Rate for the amount withdrawn will be allowed on any payment deferred for 30 days or more.
Deferment. The use of proceeds to provide a payment of a Death Benefit and payment of any portion of the Annuity Account Value will be made within seven days after the Transaction Date of the request. Payments or proceeds from the Variable Investment Options can be deferred for any period during which (1) the New York Stock Exchange is closed or trading is restricted, (2) sales of securities or determination of the fair value of a Variable Investment Option’s assets is not reasonably practicable because of an emergency, or (3) the Securities and Exchange Commission, by order, permits us to defer payment in order to protect persons with interests in the Variable Investment Options.
Deferment. A deferment of the repayment period may be granted by the Commissioner according to 92 NAC 25, Section 002.05D2 if I meet one of the following conditions:
A. Engaging in a full-time course of study at an institution of higher education;
X. Xxxxxxx on active duty as a member of the Armed Forces of the United States, for a period not in excess of three (3) years;
C. Temporarily totally disabled as established by the sworn affidavit of a qualified physician, for a period not in excess of three (3) years;
X. Xxxxxx to secure employment by reason of the care required by a disabled child, spouse, or parent for a period not in excess of twelve (12) months; or
X. Xxxxxxx and unable to find full-time employment for a single period not to exceed twelve (12) months
Deferment. Contract students under this section who, during the repayment period, either return to a Maine practice and then leave the State or initially remain outside the State and then return to a Maine practice may seek a deferment of the annual principal and interest payments while outside the State for a period of time not to exceed 3 years. Interest must be assessed during this time and the student's total debt to the authority, including principal and interest, must be repaid either through return