Exchange Privileges Sample Clauses

Exchange Privileges. The Trustees shall have the authority to provide that the holders of Shares of any Series shall have the right to exchange said Shares for Shares of one or more other Series of Shares in accordance with such requirements and procedures as may be established by the Trustees.

Exchange Privileges. Subject to the restrictions and conditions set forth in the Funds’ prospectuses, shareholders may exchange shares of one class of a Fund for shares of the same class of another Fund, provided that the amount to be exchanged meets the applicable minimum investment requirements and the shares to be acquired in the exchange are qualified for sale in the stockholder's state of residence.

Exchange Privileges. The Exchange Rights set forth in Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full. This Note shall be payable in full on the Maturity Date, unless previously exchanged into other securities of the Company in accordance with Article II hereof.

Exchange Privileges. Exchanges of Shares shall be permitted between Funds as follows: (a) Class A Shares may be exchanged for Class A Shares of another Portfolio or AIM Cash Reserve Shares, subject to certain limitations set forth in the Fund's prospectus as it may be amended from time to time, relevant portions of which are incorporated herein by this reference. (b) Class B Shares may be exchanged for Class B Shares of another Portfolio at their relative net asset value. (c) Class C Shares may be exchanged for Class C Shares of any other Portfolio at their relative net asset value. (d) AIM Cash Reserve Shares may be exchanged for Class A Shares, Class B Shares or Class C Shares of another Portfolio, subject to certain limitations set forth in the Fund's prospectus as it may be amended from time to time, relevant portions of which are incorporated herein by this reference. (e) Depending upon the Portfolio from which and into which an exchange is being made and when the shares were purchased, shares being acquired in an exchange may be acquired at their offering price, at their net asset value or by paying the difference in sales charges, as disclosed in the Fund's prospectus and statement of additional information. (f) CDSC Computation. The CDSC payable upon redemption of Class A Shares, Class B Shares, Class C Shares and AIM Cash Reserve Shares subject to a CDSC shall be computed in the manner described in the Fund's prospectus.

Exchange Privileges. Class A, Class C and Class P shares of a Series may be exchanged for the corresponding class or sub-class of shares of other participating Family Funds or may be acquired through an exchange of shares of the corresponding class of those funds. ("Family Funds" include other Series of the Fund, UBS Funds and other funds for which UBS Global AM serves as principal underwriter.) Class Y shares are not exchangeable. Shares of one class may be exchanged for shares of another class of the same Series under the circumstances described in the Registration Statement. These exchange privileges may be modified or terminated by a Series, and exchanges may only be made into Family Funds that are legally registered for sale in the investor's state of residence.

Exchange Privileges. Exchanges of shares shall be permitted between Portfolios as follows: (a) Shares of a Portfolio generally may be exchanged for shares of the same class of another Portfolio or where so provided for in the Portfolio's prospectus, and/or statement of additional information (together the “Prospectus”) subject to such exceptions and such terms and limitations as are disclosed in the Portfolio's Prospectus. (b) Shares of a Portfolio generally may not be exchanged for shares of a different class of that Portfolio or another Portfolio subject to such exceptions and such terms and limitations as are disclosed in the Portfolio 's Prospectus. (c) Depending upon the Portfolio from which and into which an exchange is being made and when the shares were purchased, shares being acquired in an exchange may be acquired at their offering price, at their net asset value or by paying the difference in sales charges, as disclosed in the Portfolio 's Prospectus.

Exchange Privileges. The Contract Owner may exchange this Contract for an annuity contract which: (1) is issued by the Company; and (2) is determined by the Company to be the type and class eligible for such exchange. In determining which contracts may be of the same type and class as this Contract, the Company shall apply its rules and regulations applicable thereto. The Contract Owner must request an exchange: (1) in writing; and (2) at least 45 days prior to the Annuity Commencement Date. Any such exchange shall be made free from any Contingent Deferred Sales Charge provided for in this Contract. SURRENDER PROVISIONS GENERAL SURRENDER PROVISIONS The Owner may Surrender part or all of the Contract Value at any time this Contract is in force and prior to the earlier of the Annuity Commencement Date or the death of the Annuitant. For the purpose of calculating the Contingent Deferred Sales Charge, and in order to minimize the applicable Contingent Deferred Sales Charge, all amounts withdrawn are deemed to be withdrawn on the first-in first-out basis i.e., all withdrawals are deemed to come from the oldest Purchase Payments first. (Note--for tax purposes, withdrawals may be treated differently.) All Surrenders will have the following conditions: 1. The request for Surrender must be in writing. 2. The Surrender Value will be paid to the Owner when proper written application and the Contract are received at the Home Office. 3. Payment of the Variable Account Contract Value will be made within seven days of receipt of both proper written application and the Contract. Payment of the Fixed Account Contract Value may be deferred up to six months following receipt of application. 4. When written application and the Contract are received, the Company will Surrender a number of Variable Account Accumulation Units and an amount from the Fixed Account needed to equal: (a) the dollar amount requested; plus (b) any Contingent Deferred Sales Charge which applies. 5. Unless the Owner has instructed otherwise, if a partial Surrender is requested, the Surrender will be made as follows: (a) from the Variable Account Contract Value; and (b) from the Fixed Account Contract Value. The amounts surrendered from the Fixed Account and Variable Account, will be in the same proportion that the Owner's interest in the Fixed Account and Variable Account bears to the total Contract Value. CONTINGENT DEFERRED If part or all of the Contract Value is surrendered, a Contingent Deferred Sales Charge may be appli...

Exchange Privileges. A class of shares of a Fund may be exchanged only for the same class of shares of another Fund. All exchanges will be subject to such conditions as may be imposed from time to time as disclosed in APPENDIX B.