MODIFICATION OF VARIABLE Sample Clauses

MODIFICATION OF VARIABLE. SUB-ACCOUNTS Notwithstanding the other Contract Modification provisions, the Company may offer new or cease offering existing Variable Sub-Accounts. No such modification shall affect the terms, provisions or conditions which are or may be applicable to Contributions previously paid to any Variable Sub-Account which is no longer offered by the Company provided, however, if the Company ceases to offer a Variable Sub-Account 30 days notice will be given to the Owner. The Owner must then Transfer the value of the Variable Sub-Account to another Variable Sub-Account then offered by the Company. If the Owner fails to make such Transfer then the Company upon notification to the Owner may make an automatic allocation on behalf of the Owner to any Variable or Guaranteed Sub-Account which allows for immediate Transfers subject to applicable law. Such allocation will become effective until such time as a Request for a different allocation is received. The Company will periodically notify the Owner of the current offering of Variable or Guaranteed Sub-Accounts. === .. === TABLE A - Variable Life Annuity Monthly Payment for Each $1,000 of Annuity Account Value Age of Without Guaranteed With Guaranteed Period Payee Period 5 Years 10 Years 15 Years 20 Years 50 4.05 4.04 4.02 3.98 3.93 55 4.43 4.42 4.38 4.32 4.22 60 4.94 4.92 4.85 4.73 4.55 65 5.65 5.60 5.46 5.22 4.89 70 6.63 6.53 6.23 5.75 5.18 75 8.05 7.81 7.14 6.24 5.38 If payments commence on any other date than the exact age of the Annuitant as shown above, the amount of the monthly payment shall be determined by the Company on the actuarial basis used by it in determining the above amounts. ===================================================================== ===================================================================== TABLE B - Income of Specified Amount Income for a Specified Period Monthly Payment for Each $1,000 of Annuity Account Value Years Payment 3 28.99 4 22.06 5 17.91 6 15.14 7 13.16 8 11.68 9 10.53 10 9.61 11 8.86 12 8.24 13 7.71 14 7.26 15 6.87 16 6.53 17 6.23 18 5.96 19 5.73 20 5.51 To determine the payment for other frequencies of payment, multiply the above monthly payment by the following factors:
Sample 1
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Related to MODIFICATION OF VARIABLE

  • MODIFICATION OF CONTRACT This Agreement cannot be modified by tender, acceptance or endorsement of any instrument of payment, including check. Any words contained in an instrument of payment modifying this contract, including a waiver or release of any claims, or a statement referring to paying in full is void. This Agreement can only be modified in a separate writing, other than an instrument of payment, signed by the parties.

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Modification, etc No modification, amendment or waiver of any provision of this Article, nor the consent to any departure by a Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on a Guarantor in any case shall entitle such Guarantor or any other guarantor to any other or further notice or demand in the same, similar or other circumstances.

  • Modification of Agreement; Sale of Interest This Agreement may not be modified, altered or amended, except by an agreement in writing signed by Borrower and Lender. Borrower may not sell, assign or transfer any interest in this Agreement, any of the other Loan Documents, or any of the Obligations, or any portion thereof, including, without limitation, Borrower's rights, title, interests, remedies, powers, and duties hereunder or thereunder. Borrower hereby consents to Lender's participation, sale, assignment, transfer or other disposition, at any time or times hereafter, of this Agreement and any of the other Loan Documents, or of any portion hereof or thereof, including, without limitation, Lender's rights, title, interests, remedies, powers, and duties hereunder or thereunder. In the case of an assignment, the assignee shall have, to the extent of such assignment, the same rights, benefits and obligations as it would if it were "Lender" hereunder and Lender shall be relieved of all obligations hereunder upon any such assignments. Borrower agrees that it will use its best efforts to assist and cooperate with Lender in any manner reasonably requested by Lender to effect the sale of participations in or assignments of any of the Loan Documents or any portion thereof or interest therein, including, without limitation, assisting in the preparation of appropriate disclosure documents. Borrower further agrees that Lender may disclose credit information regarding Borrower and its Subsidiaries to any potential participant or assignee.

  • Modifications; Amendment This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing Agreement, (ii) entered into pursuant to Section 32 of this Agreement or (iii) to correct or supplement any provision herein that may be defective or inconsistent with any other provisions of this Agreement.

  • Modifications to Agreement This Amended and Restated Option Agreement may not be altered, modified, changed or discharged, except by a writing signed by or on behalf of both the Company and the Grantee.

  • Amendment and Modification This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto.

  • Amendment, Modification and Supplement Upon amendment, modification and supplement of this Contract shall be subject to the written agreement executed by each party.

  • Amendment or Modification This Agreement may be amended or modified from time to time only by a written instrument that is executed by the Member.

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