Common use of Number of Accumulation Units Clause in Contracts

Number of Accumulation Units. For each subaccount the number of your Accumulation Units is the sum of: Each Premium or transfer allocated to the subaccount Divided by The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium or transfer. The number will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which the transaction is effective.

Appears in 2 contracts

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account A), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

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Number of Accumulation Units. For each subaccount the number of your Accumulation Units is the sum of: Each Premium or transfer allocated to the subaccount Divided by The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium or transfer. The number of Accumulation Units will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which the transaction is effective.

Appears in 2 contracts

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account A), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

Number of Accumulation Units. For each subaccount of the Variable Accounts, the number of your Accumulation Units is the sum of: - Each Premium or transfer allocated to the subaccount Divided by - The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium or transfer. The number will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which we receive all requirements for the transaction is effectivetransaction, as appropriate.

Appears in 2 contracts

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account A), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

Number of Accumulation Units. For each subaccount the number of your Accumulation Units is the sum of: Each Premium Premium, transfer or transfer credit allocated to the subaccount Divided by The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium Premium, processed the transfer or transferadded the credit. The number of Accumulation Units will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which the transaction is effective.

Appears in 1 contract

Samples: Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account C)

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Number of Accumulation Units. For each subaccount the number of your Accumulation Units is the sum of: Each Premium or transfer allocated to the subaccount Divided by The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium Premium, processed the transfer or transferadded the credit. The number of Accumulation Units will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which the transaction is effective.

Appears in 1 contract

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account C)

Number of Accumulation Units. For each subaccount the number of your Accumulation Units is the sum of: Each Premium or transfer allocated to the subaccount Divided by The value of an Accumulation Unit for that subaccount for the valuation period in which we received the Premium or processed the transfer. The number of Accumulation Units will be adjusted for transfers from each subaccount, withdrawals and charges. Adjustments will be made as of the valuation period in which the transaction is effective.

Appears in 1 contract

Samples: Ira Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account D)

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