Partial Surrender. 10 Policy Data Page............................................................................................3
Partial Surrender. You may make a Partial Surrender of this Policy once each Policy Year after the first Policy Year by request to Our Principal Office, in a form satisfactory to Us. The maximum amount of any Partial Surrender is the Account Value decreased by the balance of any outstanding Policy Debt. Unless You provide evidence satisfactory to Us that the Insured is still insurable, the Total Face Amount will be reduced to the extent necessary so that (1) does not exceed (2) where
Partial Surrender. You may make a partial surrender at any time before the earlier of:
Partial Surrender. (A) Subject to the exercise by Lessee of the Addendum No. 5 Hold Space Option (as hereinafter defined), Addendum No. 5 Option Space Option (as hereinafter defined) and/or Addendum No. 5 Right of Opportunity (as hereinafter defined), the Lease shall be and is hereby irrevocably terminated as to the Additional Give-Back Premises effective as of 11:59 p.m. on the date (the “Addendum No. 5 Partial Termination Date”) that is the earlier to occur of (i) October 31, 2015, and (ii) the 7th Floor Vacation Date (as hereinafter defined). The Lease shall be and is hereby irrevocably terminated as to the Give-Back Storage Space effective as of 11:59 p.m. on October 31, 2015 (the “Give-Back Storage Space Termination Date”). The Lease shall be deemed to be of no further force and effect with regard to the Additional Give-Back Premises effective as of the Addendum No. 5 Partial Termination Date and the Give-Back Storage Space effective as of the Give-Back Storage Space Termination Date, subject to conditions otherwise set forth herein. Lessor and Lessee, as of the Addendum No. 5 Partial Termination Date with respect to the Additional Give-Back Premises and the Give-Back Storage Space Termination Date with respect to the Give-Back Storage Space, shall be and are hereby equally released and discharged from any obligations to observe the terms and conditions of the Lease with regard to the Additional Give-Back Premises and the Give-Back Storage Space; provided, however, that both parties shall comply with the conditions otherwise set forth herein, and Lessee shall remain fully obligated with regard to the Additional Give-Back Premises and the Give-Back Storage Space for all rent and other charges incurred through the Addendum No. 5 Partial Termination Date (including amounts with respect thereto billed subsequent to such date) with respect to the Additional Give-Back Premises and the Give-Back Storage Space Termination Date (including amounts with respect thereto billed subsequent to such date) with respect to the Give-Back Storage Space, all under the terms of the Lease and Lessor shall remain obligated with respect to the terms and conditions of the Lease which expressly survive expiration of the Lease, such as year end reconciliation of Operating Expenses, Operating Costs and Real Estate Taxes, as provided in Section 6 of the Original Lease, as amended by Section 3 of Addendum Xx. 0, Xxxxxxx 0 xx Xxxxxxxx Xx. 0 and Section 3 of Addendum No. 4.
Partial Surrender. A withdrawal of some, but not all of the Contract Value which sum may be subject to Contingent Deferred Sales Charges, if applicable.
Partial Surrender. A withdrawal of a portion of the Contract Value including Contingent Deferred Sales Charges, if applicable. Payment Base (PB). The basis for determining the Lifetime Benefit Payment and Rider Charge.
Partial Surrender. You may surrender a portion of the Accumulated Value by giving Written Notice while the Insured is living. A Partial Surrender:
Partial Surrender. On or before the Annuity Date and while an Annuitant is living, you may surrender a portion of the Accumulated Value by giving Written Notice. A Market Value Adjustment will apply to Partial Surrenders from Fixed Period Allocations. We will determine any Market Value Adjustment and Surrender Charge on the effective date of the surrender. A Partial Surrender: Must be at least $200; Will reduce the Accumulated Value by the amount surrendered. This is the sum of: The amount you request; Any Market Value Adjustment applied to Fixed Period Allocations; and Any Surrender Charge. The Partial Surrender will be taken from the subaccounts of the Variable Account, Fixed Period Allocations and the Fixed Account according to the ratio for this contract of the accumulated value (plus any Market Value Adjustment) in each Fixed Period Allocation, each subaccount and the Fixed Account to the Accumulated Value (plus any Market Value Adjustment) of the contract. Any Market Value Adjustment will be applied to Fixed Period Allocations only. Any amounts taken from Fixed Period Allocations will be taken in first-in, first-out order. With our approval, you may choose other allocations from the subaccounts, Fixed Period Allocations and the Fixed Account; 3) Must not reduce the contract's remaining Accumulated Value to less than $600; and 4) Will be effective on the later of: The day we receive Written Notice; and The date you specify.
Partial Surrender. 20 Amount Payable on Partial Surrender ...........................................................................20 Surrender
Partial Surrender. You may make a Partial Surrender of the Policy once each Policy Year after the first Policy Year by written request to Us. The amount of any Partial Surrender must be at least $200. During the first ten Policy Years the maximum amount of each Partial Surrender is 20% of the Cash Surrender Value at the end of the first Valuation Date after We receive Your request. After the first ten Policy years, the maximum amount of any Partial Surrender is the Cash Surrender Value. If the policy's death benefit option is option A, the Specified Face Amount will be decreased by the amount of the Partial Surrender. The decrease in Specified Face Amount will be applied to the initial Specified Face Amount and to each increase in Specified Face Amount in the following order:
