SURRENDER OPTION Sample Clauses

SURRENDER OPTION. The Owner may turn this Contract in for its Surrender Value effective on the date on which the request in writing is received at the Home Office. The value will be the Accumulated Value on that date less (a) a Contingent Deferred Sales Charge, if any, (b) the Contract Maintenance Charge and (c) any applicable premium taxes not previously deducted. Any cash payment will be mailed within 7 days after receipt of a proper request; but the Company may be allowed to defer the payment under the Investment Company Act of 1940 as it is in effect at that time. The Surrender Option is not available after the Maturity Date.

SURRENDER OPTION. The Owner may surrender this Contract for its Contract Value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; or

SURRENDER OPTION. In the event that, at any time during the Term or any subsequent extension term, greater than fifty percent (50%) of Tenant’s common stock is acquired by a third party other than an existing shareholder of Tenant, with the result that there is a change in the control of the Tenant, then upon notice to Landlord and delivery to Landlord of documentation evidencing such acquisition (“Surrender Notice”), Landlord and Tenant shall enter into an amendment to this Lease to reduce the square footage of the Premises by up to thirty percent (30%) (“Released Space”) of the then existing square footage. The location of the Released Space shall be designated by Tenant, but subject to Landlord’s approval, which shall not be unreasonably withheld, conditioned, or delayed. In order for Tenant to exercise the option to terminate this Lease as to the Released Space, Tenant shall provide Landlord with six (6) months prior written notice. Upon the effective date of the termination of the Lease as to the Released Space (i.e., six (6) months following delivery of written notice evidencing the acquisition and change in control), Tenant shall be required to pay to Landlord a fee (“Surrender Fee”) equal to the sum of (i) an amount equal to six (6) months of Base Rent and Tenant’s proportionate share of Operating Costs which would have been payable with respect to the Released Space during the next six (6) months following the due date of the Surrender Fee payment, (ii) the unamortized value of the Allowance expended by Landlord for the Landlord’s Work attributable to the Released Space, amortized over the original Term of the Lease, and (iii) the unamortized value of the leasing commissions expended by Landlord with respect to the Released Space, amortized over the original Term of the Lease. Tenant’s right to give Landlord the Surrender Notice shall commence upon the forty-second (42nd) month anniversary of the Lease Commencement Date (with the result that the earliest that Tenant would have the right to surrender and vacate the Released Space and cease paying rent thereon would be the fourth (4th) anniversary of the Lease Commencement Date. The parties intending to be bound hereby execute or cause this Lease to be executed this day of , 2004. OTR, an Ohio general partnership By: Signature Printed Name: Printed Name: Title: Date: Signature Printed Name: Signature Printed Name: CYBERGUARD CORPORATION, a Florida corporation By: Signature Printed Name Printed Name: Title: Date: Appr...

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home Office. The surrender value will be the value of all the variable Accumulation Units attributable to this Contract plus the value of the Guaranteed Interest Account adjusted by any applicable Market Value Adjustments (see Section 2.12) and the value of the DCA Fixed Account. Any cash payment will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received by LNL. The Surrender Option is not avail-able after the Annuity Commence-ment Date.

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; or c. the Maturity Date. LNL reserves the right to surrender this Contract if any withdrawal (see Section 5.02) reduces the total Contract Value to a level at which this Contract may be surrendered in accordance with the terms set forth in the standard nonforfeiture law, for individual deferred annuities applicable in the state in which this Contract was purchased. LNL may surrender the Contract for its surrender value. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNL receives a written request for surrender at its Home Office. The surrender value on the Valuation Date of surrender will be the sum of "a." and "b.", where: a. is the greater of the Minimum Value of the Fixed Account (see Section 4.08) or the portion of the Contract Value in the Fixed Account after any Market Value Adjustment(s) (see Section 4.06) and; b. is the portion of the Contract Value in the Variable Account. Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of surrender, however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received in its Home Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the surrender request. The Surrender Option is not available after the Annuity Commencement Date.

SURRENDER OPTION. The Owner may surrender this Contract for its Contract Value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of the Contract upon payment of any Death Benefit; or c. the Maturity Date. LNY reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to less than $2,000, and Purchase Payments have stopped for a period of three full years. By payment of the Contract Value, LNY shall be relieved of any further obligation under this Contract. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNY receives a written request for surrender at its Servicing Office. Any payment from the Variable Account will be mailed from LNY's Servicing Office within seven days after the date of surrender; however, LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received in its Servicing Office. Any payment from the DCA Fixed Account may be deferred for a period not to exceed six months after receipt of the surrender request. The Surrender Option is not available after the Annuity Commencement Date.

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on date on which LNL has receives a written request at its Home Office. The surrender value will be the total Account Value less a Surrender Charge and less the Account Charge. The Surrender Charge is calculated as a percentage of the Purchase Payments surrendered. This percentage is based on the number of completed Contract Years between the Contract Year of Purchase Payment and the Contract Year of surrender/withdrawal as shown in the following schedule. The Surrender Charge is calculated separately for each Contract Year's Purchase Payments. A Contract Year is the period from the Contract effective date (month and Day) to the anniversary of the Contract effective date in the following year. Any payment will be by check and mailed from LNL's Home Office within seven days after receipt of the surrender request: however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received. Interest will be credited to money in the fixed portion of this contract during the deferral period. The Surrender Option is not available after Annuity Payments have begun. Any Account Value payable as a result of annuitization, total and permanent disability of the Annuitant subsequent to the effective date of this Contract and prior to the 65th birthday of the Annuitant, or death of the Annuitant will not be subject to the Surrender Charges. Total and permanent disability is defined as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months. LNL must be furnished with proof of the existence thereof by way of a physician's statement.

SURRENDER OPTION. You may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which We receive a Written Request at Our Servicing Office. The Contract Surrender Value will be the total Contract Value on the Valuation Date, less any applicable taxes. Payment will be made within seven days after the date of surrender, subject to the Suspension or Deferral of Payments Provision (see Section 4.10). The surrender option is not available after the Income Date.

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LL&A receives a written request at its Home Office. The surrender value will be the total Contract Value on the Valuation Date, less a Contingent Deferred Sales Charge. Any cash payment will be mailed from LL&A's Home Office within seven days after the date or surrender; however, LL&A may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received in its Home Office. The Surrender Option is not available after the Annuity Commencement Date.

SURRENDER OPTION. 6 Section 1.06. Building Roof Rights.................................................. 7 ARTICLE TWO TERM Section 2.01. Term ....................................................... 8 Section 2.02. Extension of Term..................................................... 8 ARTICLE THREE CONDITION OF PREMISES