Common use of Representations and warranties of the Annuitant Clause in Contracts

Representations and warranties of the Annuitant. The Annuitant represents and warrants to the Financial institution the following: a) That the pension legislation applicable and governing the Transfer at such time is the Act and Regulation; b) That the amounts transferred herein are locked-in amounts resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements and the Annuitant is entitled to effect a Transfer of his or her pension entitlements pursuant to the Act or the Regulation; c) That the provisions of the pension plan do not prohibit the Annuitant from entering in this Agreement and, in the event that such prohibition does exist, the Financial institution shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Financial institution in accordance with the provisions hereof; and d) That the commuted value of the pension benefits that was transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Financial institution.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

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Representations and warranties of the Annuitant. The Annuitant represents and warrants to the Financial institution Trustee the following: a) That the pension legislation applicable and governing the Transfer at such time is the Act and Regulation; b) That the amounts transferred herein are locked-in amounts resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements and the Annuitant is entitled to effect a Transfer transfer of his or her pension entitlements pursuant to the Act or the Regulation; c) That the provisions of the pension plan do not prohibit the Annuitant from entering in into this Agreement and, in the event that such prohibition does exist, the Financial institution Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Financial institution Trustee in accordance with the provisions hereof; and d) That the commuted value of the pension benefits that was transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Financial institutionTrustee in respect of pension benefits accrued before 1987.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

Representations and warranties of the Annuitant. The Annuitant represents and warrants to the Financial institution Trustee the following: a) That the pension legislation applicable and governing the Transfer at such time is the Act and Regulation; b) That the amounts transferred herein are locked-in amounts resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements and the Annuitant is entitled to effect a Transfer transfer of his or her pension entitlements pursuant to the Act or the Regulation; c) That the provisions of the pension plan do not prohibit the Annuitant from entering in this Agreement and, in the event that such prohibition does exist, the Financial institution Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Financial institution Trustee in accordance with the provisions hereof; and d) That the commuted value of the pension benefits that was transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Financial institutionTrustee.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

Representations and warranties of the Annuitant. The Annuitant represents and warrants to the Financial institution Trustee the following: a) That the pension legislation applicable and governing the Transfer at such time is the Act and Regulation; b) That the amounts transferred herein are locked-in amounts resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements and the Annuitant is entitled to effect a Transfer transfer of his or her pension entitlements pursuant to the Act or the Regulation; c) That the provisions of the pension plan do not prohibit the Annuitant from entering in into this Agreement and, in the event that such prohibition does exist, the Financial institution Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Financial institution Trustee in accordance with the provisions hereof; and d) That the commuted value of the pension benefits that was transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Financial institutionTrustee.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

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Representations and warranties of the Annuitant. The Annuitant represents and warrants to the Financial institution Trustee the following: a) That the pension legislation applicable and governing the Transfer at such time is the Act and Regulation; b) That the amounts transferred herein are locked-in amounts resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements and the Annuitant is entitled to effect a Transfer transfer of his or her pension entitlements pursuant to the Act or the Regulation; c) That the provisions of the pension plan do not prohibit the Annuitant from entering in into this Agreement and, in the event that such prohibition does exist, the Financial institution Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Financial institution Trustee in accordance with the provisions hereof; and d) That the commuted value of the pension benefits that was were transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Financial institutionon Form 3.2.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

Representations and warranties of the Annuitant. The Annuitant represents and warrants to the Financial institution Trustee the following: a) That the pension legislation applicable and governing the Transfer at such time is the Act and Regulation; b) That the amounts transferred herein are locked-in amounts resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements benefit credit and the Annuitant is entitled to effect a Transfer transfer of his or her pension entitlements benefit credit pursuant to the Act or the Regulation; c) That the provisions of the pension plan do not prohibit the Annuitant from entering in into this Agreement and, in the event that such prohibition does exist, the Financial institution Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Financial institution Trustee in accordance with the provisions hereof; and d) That the commuted value of the pension benefits benefit credit that was transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Financial institutionTrustee.

Appears in 2 contracts

Samples: Restricted Life Income Fund Addendum, Life Income Fund Addendum

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