Purchase Payment. The Purchase Price shall be paid to the Company in cash, check or via wire transfer simultaneously with the Subscriber’s entry into this Agreement.
Purchase Payment. A payment made under a Contract by an applicant or purchaser to purchase benefits under the Contract.
Purchase Payment. 12 1.29 Reinvestment..................................................................13
Purchase Payment. Any payment you make that we accept into this contract. We do not accept Purchase Payments received on the same Business Day as a Full Withdrawal or Right to Examine Request. A three-month anniversary of the Issue Date or any subsequent three-month Quarterly Contract Anniversary.
Purchase Payment. You purchase this Contract with a single Purchase Payment. You may not make additional purchase payments. Unless otherwise permitted by applicable federal tax law, the single Purchase Payment must be made in the form of (1) a rollover contribution (as permitted by Code Sections 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3), or 457(e)(16)), or (2) a nontaxable transfer from an individual retirement plan under Code Section 7701(a)(37).
Purchase Payment. The Purchaser shall deliver the Closing Payment.
Purchase Payment. A payment made by or on behalf of the Owner with respect to this contract. SALES LOAD. A deduction made from Purchase Payments received.
Purchase Payment. The Purchase Payment is due on the Issue Date and is shown on the Contract Schedule. ALLOCATION OF PURCHASE PAYMENT The allocation of the Purchase Payment is made in accordance with your selection made at the Issue Date. Allocation of the Purchase Payment is subject to the Allocation Requirements set forth on the Contract Schedule. If there are Joint Owners, unless we are instructed to the contrary, allocation instructions will be accepted from either one of the Joint Owners. 6410 (11/05) ACCOUNT VALUE PROVISION ACCOUNT VALUE Your Account Value for any Business Day is the sum of your interests in the Subaccounts of the Separate Account as of such Business Day. The portion of your Account Value in a Subaccount is determined by multiplying the number of Accumulation Units allocated to the Contract for the Subaccount by the Accumulation Unit Value. ACCOUNT FEE We will deduct an Account Fee from your Account Value as set forth on the Contract Schedule. SEPARATE ACCOUNT PROVISIONS THE SEPARATE ACCOUNT The Separate Account is designated on the Contract Schedule and consists of assets, which are kept separate from our General Account assets and all of our other segregated asset accounts. The assets of the Separate Account, equal to reserves and other liabilities of your Contract and those of other owners who have an interest in the Separate Account, will not be charged with liabilities arising out of any other business we may do. The Separate Account assets are divided into Subaccounts. The assets of each Subaccount are allocated to an Investment Option. INVESTMENTS OF THE SEPARATE ACCOUNT The Purchase Payment applied to the Separate Account is allocated to the Subaccounts of the Separate Account. We may, from time to time, add additional Investment Options. You may be permitted to transfer all or a portion of your Account Value to the additional Investment Option(s). However, the right to make any transfer will be limited by any terms and conditions in effect at the time of transfer. If the shares of any of the Investment Options become unavailable for investment by the Separate Account, or we deem further investment in these shares inappropriate, we may prohibit or otherwise limit further purchase of such shares or substitute shares of another Investment Option for shares already purchased under this Contract, subject to obtaining any necessary regulatory approvals. CHANGE IN OPERATION We reserve the right to transfer assets of the Separate Account to another a...
