Reallocation of Existing Account Balances Sample Clauses

Reallocation of Existing Account Balances. A Participant may elect to transfer all or a portion of the Participant's existing Account balances on a daily basis in multiples of whole percentages. Transfers that are requested after 4:00 p.m. will be honored as of the next Valuation Date. This Section is subject to the restrictions in Sections 5 and 6 of this Article and Section 2 of Article XVI. Prior to October 1, 1999, a Participant may reallocate existing Account balances as of the next Valuation Date (after investment gains or losses are allocated) in multiples of whole percentages by making the election by the 25th of any calendar month. This Section is subject to the restrictions in Sections 5 and 6 of this Article and Section 2 of Article XVI. Prior to October 1, 1999, the Employer may decide on a nondiscriminatory basis to execute these reallocations by performing an estimated reallocation on or about the first business day after the Valuation Date and then performing a final adjustment reallocation as soon as administratively feasible after the recordkeeping valuation for that Valuation Date is completed. To protect the rate of return of assets invested in an Investment Fund that primarily invests in insurance or bank investment contracts, the Employer may prohibit reallocations that transfer assets from this Investment Fund into other funds specified by the Employer.
Sample 1
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Related to Reallocation of Existing Account Balances

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Permitted Withdrawals from the Certificate Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the applicable subaccount of the Certificate Account for the following purposes:

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Note Distribution Account (a) On each Distribution Date (based solely on the information contained in the Preliminary Servicer’s Certificate) the Trust Collateral Agent shall distribute all amounts on deposit in the Note Distribution Account to Noteholders in respect of the Notes to the extent of amounts due and unpaid on the Notes for principal and interest in the following amounts and in the following order of priority:

  • Waiver of Distributions from Trust Account In connection with the Securities purchased pursuant to this Agreement, the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions from the Trust Account.

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the Servicing Agreements or as the Securities Administrator has instructed hereunder for the following purposes (limited in the case of amounts due the Master Servicer to those not withdrawn from the Master Servicer Collection Account in accordance with the terms of this Agreement):

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