Source of Withdrawal. (a) A withdrawal is deducted from the Account at the NAV of the applicable Investment Options determined on the Trade Date. (b) The number of Trust Units sold will be determined by dividing the withdrawal for a specified Investment Option by the NAV of that Investment Option as described in (a). SECTION 10: TERMINATION AND REFUNDS
Appears in 4 contracts
Samples: Florida 529 Savings Plan Program Description and Participation Agreement, Florida 529 Savings Plan Program Description and Participation Agreement, Florida 529 Savings Plan Program Description and Participation Agreement
Source of Withdrawal. (a) A withdrawal is deducted from the Account at the NAV of the applicable Investment Options determined on the Trade Date.
(b) The withdrawal will cause the sale of Trust Units from each Investment Option in proportion to the market values represented by each Investment Option in the Account prior to the withdrawal.
(c) The number of Trust Units sold will be determined by dividing the withdrawal for a specified Investment Option by the NAV of that Investment Option as described in (a). SECTION 10: TERMINATION AND REFUNDS.
Appears in 1 contract
Samples: Florida 529 Savings Plan Program Description and Participation Agreement
