Common use of Limits on Benefit Payments Clause in Contracts

Limits on Benefit Payments. MPF’s obligation to provide benefits under the Reinsurance Agreement to the Insurer in respect of the Insurer Policies shall be limited to the redemption value of the Contribution Units from time to time allocated to the Insurer under the Reinsurance Agreement, as such value will be calculated as at a Dealing Day in accordance with Clauses 9.2, as the case may be, and less any deductions, where applicable.

Limits on Benefit Payments. MPF’s obligation to provide benefits under the Reinsurance Agreement Policy to the Insurer Trustee in respect of the Insurer Policies CIF or the Schemes shall be limited to the redemption value of the Contribution Units from time to time allocated to the Insurer Trustee under the Reinsurance AgreementPolicy, as such value will be calculated as at a Dealing Day in accordance with Clauses 9.29.3 or 10.2, as the case may be, and less any deductions, where applicable.

Limits on Benefit Payments. MPF’s obligation to provide benefits under the Reinsurance Agreement Policy to the Insurer Trustee in respect of the Insurer Policies Scheme shall be limited to the redemption value of the Contribution Units from time to time allocated to the Insurer Trustee under the Reinsurance AgreementPolicy, as such value will be calculated as at a Dealing Day in accordance with Clauses 9.29.3 or 10.2, as the case may be, and less any deductions, where applicable.