PARTICIPATION IN SURPLUS Sample Clauses

PARTICIPATION IN SURPLUS. If the Rider is attached to a participating traditional product then the surplus arising from Rider would be considered for declaring bonus from the fund to which the Base Policy belongs.
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PARTICIPATION IN SURPLUS. This Contract does not share in any distribution of the Company's profits or surplus.
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PARTICIPATION IN SURPLUS. The Contract and all other contracts in the same class of contracts shall be combined for the purpose of ascertaining the annual surplus of Equitable to be apportioned among such contracts as a dividend. Equitable shall determine the portion of such dividend to be allocated to the Contract; however, the amount thereof is expected to be minimal. Any amount allocated to the Contract shall be payable as of January 1 of the calendar year in which a dividend is apportioned. Dividends will be payable to the Participant's Account and allocated in accordance with the Account Balances in the Guaranteed Rate Accounts maintained for Participants under this Contract. Dividends will be assigned to the Guarantee of the shortest Duration to which contributions are being assigned during the Contribution Quarter when the dividend is paid. No. 15,000 AC 5904 Page 27 APPLICATION FOR GROUP ANNUITY CONTRACT To: The EQUITABLE Life Assurance Society of the United States UNITED STATES TRUST COMPANY OF NEW YORK -------------------------------------------------------------------------------- (hereinafter called the Applicant) 00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 of ------------------------------------------------------------------------------ (Applicant's Head Office Address) XXXXXX APPLIES for a Group Annuity Contract in the form attached, and approves and accepts the terms of such Group Annuity Contract. This application supersedes any application for the said contract previously signed by the Applicant. This contract will take effect as of --------------------- 1, 1983. Dated at -------------------------------- Signature of Applicant ------------------------------ --------------------------------------- --------------------------------------- --------------------------------------- Official Title ---------------------------------- No. 15,000 AC 5904 Page 28 THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Effective as of the dates specified below, or your Participation Date, whichever is later, we have amended Group Annuity Contract AC 5904 as follows: 1. The Equitable office address on page 3 is amended as of November 1, 1985 to read as follows: "The Equitable Life Assurance Society P.O. Box 2509 General Post Office New York, New York 10116." 2. Section 1.02 entitled "Plan" is amended, as of January 1, 1985, to read as follows:
Sample 1
PARTICIPATION IN SURPLUS. This Contract and all other contracts in the same class of contracts, as determined by Equitable, will be combined for the purpose of ascertaining the annual surplus of Equitable to be apportioned to said contracts as a dividend and the portion of any such dividend that is to be allocated to the Contract will be determined by Equitable. The participation of this class of contracts in annual surplus is, however, expected to be minimal. Any amount so allocated to the Contract will be payable as of January 1 of the calendar year in which a dividend is apportioned, will be payable in cash and will be equitably allocated by Equitable to the Guaranteed Interest Division on behalf of the Participants.
Sample 1

Related to PARTICIPATION IN SURPLUS

  • PARTICIPATION IN SIMILAR ACTIVITIES This agreement in no way restricts the U.S. Forest Service or from participating in similar activities with other public or private agencies, organizations, and individuals.

  • Reallocation of Participations to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment Percentages (calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that (x) the conditions set forth in Section 6.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Cash Collateral Account Notwithstanding anything to the contrary contained herein, no notice given or declaration made by the Administrative Agent pursuant to this Article VI shall affect (i) the obligation of any LC Issuing Bank to make any payment under any Letter of Credit in accordance with the terms of such Letter of Credit or (ii) the obligations of each Lender in respect of each such Letter of Credit; provided, however, that if an Event of Default has occurred and is continuing, the Administrative Agent shall at the request, or may with the consent, of the Majority Lenders, upon notice to the Borrower, require the Borrower to deposit with the Administrative Agent an amount in the cash collateral account (the “Cash Collateral Account”) described below equal to the LC Outstandings on such date. Such Cash Collateral Account shall at all times be free and clear of all rights or claims of third parties. The Cash Collateral Account shall be maintained with the Administrative Agent in the name of, and under the sole dominion and control of, the Administrative Agent, and amounts deposited in the Cash Collateral Account shall bear interest at a rate equal to the rate generally offered by Citibank for deposits equal to the amount deposited by the Borrower in the Cash Collateral Account, for a term to be determined by the Administrative Agent, in its sole discretion. The Borrower hereby grants to the Administrative Agent for the benefit of the LC Issuing Banks and the Lenders a Lien in and hereby assigns to the Administrative Agent for the benefit of LC Issuing Banks and the Lenders all of its right, title and interest in, the Cash Collateral Account and all funds from time to time on deposit therein to secure its reimbursement obligations in respect of Letters of Credit. If any drawings then outstanding or thereafter made are not reimbursed in full immediately upon demand or, in the case of subsequent drawings, upon being made, then, in any such event, the Administrative Agent may apply the amounts then on deposit in the Cash Collateral Account, toward the payment in full of any of the LC Outstandings as and when such obligations shall become due and payable. Upon payment in full, after the termination of the Letters of Credit, of all such obligations, the Administrative Agent will repay and reassign to the Borrower any cash then in the Cash Collateral Account and the Lien of the Administrative Agent on the Cash Collateral Account and the funds therein shall automatically terminate.

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