Effect of Disqualification Sample Clauses

Effect of Disqualification. The Contractholder will promptly notify us if it determines that there is a reasonable basis for believing the Code Section 401(a)Plan is no longer qualified under Code Section 401(a). In such event, your Participant Account share of each Investment Account is withdrawn and transferred to [Liquid Interest Fund II (LIF II) within our general asset account, where such funds earn a fixed annual effective interest rate of 3.00% from the date of allocation to LIF II until the earlier of the date those funds are withdrawn from the contract or the date the Code Section 401(a) Plan is again qualified and such funds are transferred to the appropriate Investment Options pursuant to applicable Investment Option elections]. No amounts attributable to the contract can be placed in any Investment Account until the Code Section 401(a) Plan is again qualified.
Sample 1
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Effect of Disqualification. If a prize is forfeited or if winners are disqualified, at Husqvarna’s sole discretion and time permitting, the prize will be considered forfeited and Husqvarna may select an alternate prize winner from all remaining eligible entries, in Husqvarna’s sole discretion; otherwise, the prize will remain the property of Xxxxxxxxx and will not be awarded.
Sample 1
Effect of Disqualification. The Contractholder must promptly notify us if it determines that there is a reasonable basis for believing the Code Section 401(a) Plan is no longer qualified under Code Section 401(a). In such event, your share of each Investment Account is withdrawn and transferred to a suspense account. No amounts attributable to the Contract can be placed in any Investment Account until the Code Section 401(a) Plan is again qualified. P-GB-C-AUL1MFVA.20 TABLE OF GUARANTEED IMMEDIATE ANNUITIES MONTHLY INCOME PER $1,000 OF ACCOUNT VALUE 10-YEAR CERTAIN ADJUSTED AGE LIFE ANNUITY AND LIFE ANNUITY 45 2.9690 2.9632 46 3.0190 3.0124 47 3.0715 3.0641 48 3.1269 3.1185 49 3.1852 3.1756 50 3.2466 3.2357 51 3.3115 3.2988 52 3.3800 3.3653 53 3.4525 3.4352 54 3.5291 3.5088 55 3.6104 3.5863 56 3.6966 3.6678 57 3.7881 3.7536 58 3.8850 3.8437 59 3.9877 3.9382 60 4.0964 4.0374 61 4.2115 4.1414 62 4.3334 4.2505 63 4.4626 4.3650 64 4.5994 4.4850 65 4.7442 4.6108 66 4.8977 4.7425 67 5.0608 4.8804 68 5.2347 5.0250 69 5.4213 5.1766 70 5.6229 5.3356 71 5.8412 5.5020 72 6.0778 5.6755 73 6.3336 5.8552 74 6.6097 6.0404
Sample 1

Related to Effect of Disqualification

  • Notice of Disqualification Events The Company will notify the Purchasers in writing, prior to the Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, reasonably be expected to become a Disqualification Event relating to any Issuer Covered Person, in each case of which it is aware.

  • No Disqualification Events With respect to the Securities to be offered and sold hereunder in reliance on Rule 506 under the Securities Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale (each, an “Issuer Covered Person” and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Purchasers a copy of any disclosures provided thereunder.

  • Eligibility; Disqualification There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. This Indenture will always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b).

  • Disqualification The Adviser shall immediately notify the Trustees of the occurrence of any event which would disqualify the Adviser from serving as an investment adviser of an investment company pursuant to Section 9 of the 1940 Act or any other applicable statute or regulation.

  • Organization; Qualification The Company is a corporation duly organized and validly existing under the laws of the State of Delaware and is in good standing under such laws. The Company has all requisite corporate power and authority to own, lease and operate its properties and assets, and to carry on its business as presently conducted. The Company is qualified to do business as a foreign corporation in each jurisdiction in which the ownership of its property or the nature of its business requires such qualification, except where failure to so qualify would not have a material adverse effect on the Company.

  • Disqualification; Conflicting Interests If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

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