Common use of Separate Account Divisions Clause in Contracts

Separate Account Divisions. The Company reserves the right to defer determination of the contract values of the Separate Account portion of this contract, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

Appears in 14 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account A)

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Separate Account Divisions. The Company reserves the right to defer determination of the contract values of the Separate Account portion of this contractContract, or the payment of benefits under a variable payment income plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

Appears in 4 contracts

Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B)

Separate Account Divisions. The Company reserves the right to defer determination of the contract Contract values of any Division of the Separate Account portion of this contractAccount, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment lnvestment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract Contract values until seven days after the end of any deferment in the determination of contract Contract values.

Appears in 2 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

Separate Account Divisions. The Company reserves the right to defer determination of the contract Contract values of any Division of the Separate Account portion of this contractAccount, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract Contract values until seven days after the end of any deferment in the determination of contract Contract values.

Appears in 2 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

Separate Account Divisions. The Company reserves the right to defer determination of the contract values of any Division of the Separate Account portion of this contractAccount, or the payment of benefits under a variable payment income plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

Appears in 1 contract

Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

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Separate Account Divisions. The Company reserves the right to defer determination of the contract values of the Separate Account portion of this contract, or the payment of benefits under a variable payment plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock ExchangeEx- change, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

Appears in 1 contract

Samples: Mason Street Variable Annuity Contract (NML Variable Annuity Account B)

Separate Account Divisions. The Company reserves the right to defer determination of the contract Contract values of the Separate Account portion of this contractContract, or the payment of benefits under a variable payment income plan, until after the end of any period during which the right to redeem shares of a Portfolio is suspended, or payment of the redemption value is postponed. Any deferment would be in accordance with the provisions of the Investment Company Act of 1940 by reason of closing of, or restriction of trading on, the New York Stock Exchange, or other emergency, or as otherwise permitted by the Act. In addition, the Company reserves the right to defer payment of contract values until seven days after the end of any deferment in the determination of contract values.

Appears in 1 contract

Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A)

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