Common use of Right of AUL to Change Charges Clause in Contracts

Right of AUL to Change Charges. AUL has the right at any time, upon delivery of written notice to the Contractholder, to change the charges set out in Sections 1.24 and 6.3. Any such change to the Withdrawal Charge set out in Section 1.24 shall apply only to Participant Accounts established on or after the effective date of such change, and shall apply for the duration of such affected Participant Accounts. The administrative charge set out in Section 6.3 shall be limited to a maximum of $15 per Contract Quarter until the year 2001. Any increase in the administrative charge made by AUL for any Contract Quarter beginning after December 31, 2000 shall be limited to an amount which is designed to reimburse AUL for the expenses associated with the administration of the contract and the operation of the Variable Account. Any such increase shall not be anticipated to be a source of profit for AUL.

Appears in 6 contracts

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

AutoNDA by SimpleDocs

Right of AUL to Change Charges. AUL has the right at any time, upon delivery of written notice to the Contractholder, to change the charges set out in Sections 1.24 1.26 and 6.3. Any such change to the Withdrawal Charge set out in Section 1.24 1.26 shall apply only to Participant Accounts established on or after the effective date of such change, and shall apply for the duration of such affected Participant Accounts. The administrative charge set out in Section 6.3 shall be limited to a maximum of $15 per Contract Quarter until the year 2001. Any increase in the administrative charge made by AUL for any Contract Quarter beginning after December 31, 2000 shall be limited to an amount which is designed to reimburse AUL for the expenses associated with the administration of the contract and the operation of the Variable Account. Any such increase shall not be anticipated to be a source of profit for AUL.

Appears in 2 contracts

Samples: Aul American Unit Trust, Aul American Unit Trust

Right of AUL to Change Charges. AUL has the right at any time, upon delivery of written notice to the Contractholder, to change the charges set out in Sections 1.24 1.25 and 6.3. Any such change to the Withdrawal Charge set out in Section 1.24 1.25 shall apply only to Participant Accounts established on or after the effective date of such change, and shall apply for the duration of such affected Participant Accounts. The administrative charge set out in Section 6.3 shall be limited to a maximum of $15 per Contract Quarter until the year 2001. Any increase in the administrative charge made by AUL for any Contract Quarter beginning after December 31, 2000 shall be limited to an amount which is designed to reimburse AUL for the expenses associated with the administration of the contract and the operation of the Variable Account. Any such increase shall not be anticipated to be a source of profit for AUL.

Appears in 2 contracts

Samples: Aul American Unit Trust, Aul American Unit Trust

Right of AUL to Change Charges. AUL has the right at any time, upon delivery of written notice to the Contractholder, to change the charges set out in Sections 1.24 1.23 and 6.3. Any such change to the Withdrawal Charge set out in Section 1.24 1.23 shall apply only to Participant Accounts established on or after the effective date of such change, and shall apply for the duration of such affected Participant Accounts. The administrative charge set out in Section 6.3 shall be limited to a maximum of $15 per Contract Quarter until the year 2001. Any increase in the administrative charge made by AUL for any Contract Quarter beginning after December 31, 2000 shall be limited to an amount which is designed to reimburse AUL for the expenses associated with the administration of the contract and the operation of the Variable Account. Any such increase shall not be anticipated to be a source of profit for AUL. Such administrative charge shall in no event exceed $50.00 for any Contract Quarter beginning after December 31, 2000.

Appears in 1 contract

Samples: Aul American Unit Trust

AutoNDA by SimpleDocs

Right of AUL to Change Charges. AUL has the right at any time, upon delivery of written notice to the Contractholder, to change the charges set out in Sections 1.24 1.23 and 6.3. Any such change to the Withdrawal Charge set out in Section 1.24 1.23 shall apply only to Participant Accounts established on or after the effective date of such change, and shall apply for the duration of such affected Participant Accounts. The administrative charge set out in Section 6.3 shall be limited to a maximum of $15 per Contract Quarter until the year 2001. Any increase in the administrative charge made by AUL for any Contract Quarter beginning after December 31, 2000 shall be limited to an amount which is designed to reimburse AUL for the expenses associated with the administration of the contract and the operation of the Variable Account. Any such increase shall not be anticipated to be a source of profit for AUL.

Appears in 1 contract

Samples: Aul American Unit Trust

Time is Money Join Law Insider Premium to draft better contracts faster.