Common use of Provision of Guaranteed Rates for Interest Pockets Clause in Contracts

Provision of Guaranteed Rates for Interest Pockets. At least 10 days in advance of each calendar quarter, we will declare a Guaranteed Rate for the Interest Pocket for that quarter. All Contributions or transfers hereunder which are allocated to the FIA during that quarter will earn interest at that Guaranteed Rate until that quarterly pocket matures on the second January 1 following the quarter in which that pocket was established.

Appears in 3 contracts

Samples: Aul American Unit Trust, Aul American Unit Trust, Aul American Unit Trust

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Provision of Guaranteed Rates for Interest Pockets. At least [10 days days] in advance of each calendar [calendar] [quarter], we will declare a Guaranteed Rate for the Interest Pocket for that [quarter]. All Contributions or transfers hereunder which are allocated to the FIA during that quarter [quarter] will earn interest at that Guaranteed Rate until that quarterly [quarterly] pocket matures on [the second January 1 1] following the quarter [quarter] in which that pocket was established.

Appears in 2 contracts

Samples: Aul American Unit Trust, Aul American Unit Trust

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