Common use of Limits on Benefit Payments Clause in Contracts

Limits on Benefit Payments. MPF’s obligation to provide benefits under the Policy to the Trustee in respect of the CIF or the Schemes shall be limited to the redemption value of the Contribution Units from time to time allocated to the Trustee under the Policy, as such value will be calculated as at a Dealing Day in accordance with Clauses 9.3 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 Policy Reinsurance Agreement to the Trustee Insurer in respect of the CIF or the Schemes Insurer Policies shall be limited to the redemption value of the Contribution Units from time to time allocated to the Trustee Insurer under the PolicyReinsurance Agreement, as such value will be calculated as at a Dealing Day in accordance with Clauses 9.3 or 10.29.2, as the case may be, and less any deductions, where applicable.

Limits on Benefit Payments. MPF’s obligation to provide benefits under the Policy to the Trustee in respect of the CIF or the Schemes Scheme shall be limited to the redemption value of the Contribution Units from time to time allocated to the Trustee under the Policy, as such value will be calculated as at a Dealing Day in accordance with Clauses 9.3 or 10.2, as the case may be, and less any deductions, where applicable.