INCOME PAYMENTS TO GUARDIAN Sample Clauses

INCOME PAYMENTS TO GUARDIAN. Income Payments may be made at the Company's discretion to the Owner's or Xxxxx's duly authorized or qualified representative. This includes without limitation, guardian, committee or attorney-in-fact, during any period that the Owner or Payee is incapable of executing a valid receipt for such payments. Any payments made according to this paragraph shall completely discharge the Company from any liability for the responsibility of making payments under this Contract.

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INCOME PAYMENTS TO GUARDIAN. Income Payments may be made at the Company's discretion to the Owner's or Xxxxx's duly authorized or qualified representative. This includes without limitation, guardian, committee or attorney-in-fact, during any period that the Owner or Payee is incapable of executing a valid receipt for such payments. Any payments made according to this paragraph shall completely discharge the Company from any liability for the responsibility of making payments under this Contract. 03017N ================================================================================ SECTION 4: INVESTMENT TRANSFERS ================================================================================ 4.01 TRANSFERS AMONG INVESTMENT OPTIONS Subject to the "Transfer Restrictions" (Section 4.03), amounts allocated to Divisions for variable Income Payments may be transferred among available Investment Options at any time. The Owner either in writing or over the telephone can make transfers. If the contract is held in joint ownership, the Company will accept transfer instructions from either owner, unless instructed otherwise. The Owner will need to notify the Company in writing if someone other than the Owner is authorized to make transfers. Transfer requests by telephone will only be permitted the Owner did not either opt out of Telephone Transfer on the application or if the Owner has on file with the Company a Written authorization for Telephone Transfers. The Company will honor transfers by telephone from any person who provides the correct information. Therefore, there is a risk of possible loss to the Owner if unauthorized persons use this service in the Owner's name. Under telephone transfers, the Company will not be liable for any acts or omissions based upon instructions that the Company reasonably believes to be genuine, including losses arising from errors in the communication of telephone transfer instructions. Any transfer requests that are received after the close of the New York Stock Exchange will be valued based upon the next Valuation Date.

INCOME PAYMENTS TO GUARDIAN. Income Payments may be made at the Company's discretion to the Owner's or Xxxxx's duly authorized or qualified representative. This includes without limitation, guardian, committee or attorney-in-fact, during any period that the Owner or Payee is incapable of executing a valid receipt for such payments. Any payments made according to this paragraph shall completely discharge the Company from any liability for the responsibility of making payments under this Contract. ================================================================================ ARTICLE 4: INVESTMENT TRANSFERS ================================================================================ 4.01 TRANSFERS AMONG INVESTMENT OPTIONS Subject to the "Transfer Restrictions" (Article 4, section 4.04), amounts allocated to Divisions for variable Income Payments may be transferred among available Investment Options at any time. The Owner either In Writing or over the telephone can make transfers. If the Contract contains a Joint Owner, the Company will accept transfer instructions from either owner, unless instructed otherwise. The Owner will need to notify the Company In Writing if someone other than the Owner is authorized to make transfers. -------------------------------------------------------------------------------- [X] Note: Any transfer requests that are received after the close of the New York Stock Exchange will be valued based upon the next Valuation Date. --------------------------------------------------------------------------------

INCOME PAYMENTS TO GUARDIAN. 13 ARTICLE 4:

INCOME PAYMENTS TO GUARDIAN. Income Payments may be made at the Company's discretion to the Owner's or Xxxxx's duly authorized or qualified representative. This includes without limitation, guardian, committee or attorney-in-fact, during any period that the Owner or Payee is incapable of executing a valid receipt for such payments. Any payments made according to this paragraph shall completely discharge the Company from any liability for the responsibility of making payments under this Contract. ================================================================================ ARTICLE 4: INVESTMENT TRANSFERS ================================================================================ 4.01 TRANSFERS AMONG INVESTMENT OPTIONS Subject to the "Transfer Restrictions" (Article 4, section 4.04), amounts allocated to Divisions for variable Income Payments may be transferred among available Investment Options at any time. The Owner either In Writing or over the telephone can make transfers. If the Contract contains a Joint Owner, the Company will accept transfer instructions from either owner, unless instructed otherwise. The Owner will need to notify the Company In Writing if someone other than the Owner is authorized to make transfers. -------------------------------------------------------------------------------- X Note: Any transfer requests that are received after the close of the New York Stock Exchange will be valued based upon the next Valuation Date. -------------------------------------------------------------------------------- 4.02 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 13 03017N 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 o...

Related to INCOME PAYMENTS TO GUARDIAN

Income Payments (a) Where a particular term of a Transaction extends over the date on which Income is paid in respect of any Purchased Asset subject to that Transaction, such Income shall be the property of Buyer. The Seller shall (i) segregate all Income collected by or on behalf of the Seller on account of the Purchased Assets and shall hold such Income in trust for the benefit of Buyer that is clearly marked as such in the Seller’s records and (ii) deposit all Income with respect to each Purchased Asset after the related Purchase Date and before the related Repurchase Date into the Collection Account within three (3) Business Days of receipt. Notwithstanding the foregoing, so long as no Event of Default has occurred and is continuing, neither Seller nor any Person acting on its behalf (as a servicer or otherwise) shall have an obligation to deposit any amounts into the Collection Account; provided that any Income received by the Seller while the related Transaction is outstanding shall be deemed to be held by the Seller solely in trust for Buyer pending the repurchase on the related Repurchase Date. (b) Notwithstanding anything to the contrary set forth herein, upon receipt by Seller of any prepayment of principal in full with respect to a Purchased Asset, Seller shall (i) provide prompt written notice to Buyer of such prepayment, and (ii) remit such amount to Buyer and Buyer shall apply such amount received by Buyer plus accrued interest on such amount against the Repurchase Price of such Purchased Asset pursuant to Sections 4(a)(i) and 6(d) but not on a pro rata basis.
Payments to Specified Employees Notwithstanding any other Section of this Agreement, if the Employee is a Specified Employee at the time of the Employee’s Separation from Service, payments or distribution of property to the Employee provided under this Agreement, to the extent considered amounts deferred under a non-qualified deferred compensation plan (as defined in Code Section 409A) shall be deferred until the six (6) month anniversary of such Separation from Service to the extent required in order to comply with Code Section 409A and Treasury Regulation 1.409A-3(i)(2).
Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V
Total Payments to Other Dist & Govt Units Tuition (In State) 2500 2600 2600 2900 2000 3000 4000 4100 4200 4300 4000 5000 5100 5200 5000 6000
Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.
Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three
What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.
Distributions; Xxxxxx Xxx Guaranty On or before each Determination Date (or as soon thereafter as is reasonably practicable), Xxxxxx Mae shall calculate the Lower Tier Distribution Amount for the current calendar month. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account the portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of the related Lower Tier Regular Classes in the respective amounts and in the applicable manner determined pursuant to Section 2.02. In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount distributable thereon, Xxxxxx Mae shall provide from its own funds the amount of any such insufficiency. In addition, in the event that (i) the applicable portion of the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the related Lower Tier Regular Classes on such Distribution Date or (ii) such Distribution Date is a Final Distribution Date for any Class and the distribution on such Distribution Date of the applicable portion of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Certificate Account, such amount as shall be necessary to remedy such insufficiency and (b) to the extent that funds in the Certificate Account shall be insufficient therefor, apply its own funds towards remedying the same.
Payments Etc All payments hereunder shall be made in immediately available funds, and shall be applied first to accrued interest and then to principal; however, if an Event of Default occurs, Lender may, in its sole discretion, and in such order as it may choose, apply any payment to interest, principal and/or lawful charges and expenses then accrued. Borrower shall receive immediate credit on payments received during Lender’s normal banking hours if made in cash, immediately available funds, or by debit to available balances in an account at Lender; otherwise payments shall be credited after clearance through normal banking channels. Borrower authorizes Lender to charge any account of Borrower maintained with Lender for any amounts of principal, interest, taxes, duties, or other charges or amounts due or payable hereunder, with the amount of such payment subject to availability of collected balances in Lender’s discretion; unless Borrower instructs otherwise, all Loans shall be made in immediately available funds and shall be credited to an account(s) of Borrower with Lender. All payments shall be made without deduction for or on account of any present or future taxes, duties or other charges levied or imposed on this Agreement, the Pledge Agreement, the Note, the Loans or the proceeds, Lender or Borrower by any government or political subdivision thereof. Borrower shall upon request of Lender pay all such taxes, duties or other charges in addition to principal and interest, including without limitation all documentary stamp and intangible taxes, but excluding income taxes based solely on Lender’s income.
Payments to Agent A payment by the Borrower to the Agent hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agent agrees promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agent for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.