Common use of PURCHASE PAYMENT LIMITATIONS Clause in Contracts

PURCHASE PAYMENT LIMITATIONS. Total Purchase Payments to the Contract may not be greater than $1,000,000 without prior approval by the Company. The Minimum Subsequent Purchase Payment amount is shown on page 3. PURCHASE PAYMENT ALLOCATION Purchase Payments may be allocated among the Fixed Account and the Subaccounts. The allocations may be a whole dollar amount or whole percentage. However, no less than $25 per Purchase Payment may be allocated to any Account. The Owner may change the allocations by written notice to the Company. PLACE OF PAYMENT All Purchase Payments under this Contract are to be paid to the Company. Purchase Payments after the first Purchase Payment are applied as of the end of the Valuation Period during which they are Received by the Company. -------------------------------------------------------------------------------- CONTRACT VALUE AND EXPENSE PROVISIONS -------------------------------------------------------------------------------- CONTRACT VALUE

Appears in 5 contracts

Samples: Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Master Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny)

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