SURRENDER OPTION. The Owner may surrender this Contract for its Contract Value at any time prior to the earlier of:
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. 4.01. Upon not less than fifteen (15) months prior written notice to Landlord (each herein called a "Surrender Notice") which may be given one or more times during the period commencing on September 20, 2009 up to and including September 30, 2011 (herein called the "Surrender Notice Period"), Tenant may elect to surrender portions of the Premises (each such portion of the Premises so surrendered is herein called "Surrender Space") consisting of two (2) or more full Office Floors on or above the 6th floor of the Building and containing not more than 280,326 rentable square feet in the aggregate, all of which shall consist of full Office Floors. For example and without limitation, Tenant may initially elect to surrender three full Office Floors containing 90,510 rentable square feet of the Premises, and thereafter send one or more Tranche 1 Surrender Notices during the Surrender Notice Period surrendering additional full Office Floors (but not less than two (2) full Office Floors in any Surrender Notice) comprising up to an additional 189,816 rentable square feet (i.e., the Surrender Space shall not exceed 280,326 rentable square feet in the aggregate, inclusive of any space surrendered under the Original Lease). Any Surrender Notice shall identify the Surrender Space and indicate the date on which such Surrender Space will be surrendered, which date(s) may be no earlier than December 20, 2010, no later than December 31, 2012 and must correspond with the last day of a month (any such date is herein called a "Surrender Date"). Any Surrender Space that is identified in a particular Surrender Notice must be contiguous but such space need not be contiguous with any Surrender Space identified in a subsequent Surrender Space Notice; provided, that, Tenant shall give consideration to keeping Surrender Space contiguous within all or any of the four elevator banks but shall have absolutely no obligation whatsoever to do so. Notwithstanding any of the foregoing, or anything to the contrary contained in the Amended and Restated Lease, if all or any portion of the Surrender Space or Building Systems which service the Surrender Space shall be partially or totally damaged or destroyed by fire or other casualty prior to the Surrender Date, then the Surrender Date with respect to any full floor portion of the Surrender Space so affected shall be postponed until such time as Tenant fully satisfies its restoration obligations with respect thereto in accordance with Section 19...
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 of the variable Accumulation Units attributable to this Contract plus 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 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 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. You may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date We receive a Surrender request that You have signed and mailed or faxed to Our Service 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 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 atter 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. In the event of the expiration of the Initial Term or any Renewal Term as to any floor of the Premises, in lieu of surrendering such floor of the Premises to Landlord on the Expiration Date, Tenant shall have the option of surrendering to the Landlord any other floor of the Premises then being leased by Tenant. Such option shall be exercised no less than six (6) months prior to the Expiration Date of the Initial Term or of a Renewal Term of greater than one (1) year in duration, or no less than three (3) months prior to the Expiration Date of a Renewal Term of less than one (1) year in duration. The floor being retained by the Tenant shall have a Term with an Expiration Date and Renewal Options, if any, identical to the floor surrendered. Further, the provisions of this Section 2.1(e) shall only apply where the floor being retained and the floor being surrendered have a Net Rentable Area which does not differ by more than One Thousand (1,000) square feet.
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 or next following the date LNL has received a written request at its Home Office. The surrender value will be the total account value on the Valuation Date, less a Surrender Charge and the Account Charge. The Surrender Charge will be determined as follows. SCHEDULE A FOR PERIODIC DEPOSITS AND NON-RECURRING LUMP SUM DEPOSITS OF LESS THAN $5,000 % CHARGE OF TOTAL SURRENDER/WITHDRAWAL ACCOUNT VALUE DURING CONTRACT YEAR SURRENDERED/WITHDRAWN 1-5 8 6-10 4 11+ 0 SCHEDULE B FOR NON-RECURRING LUMP SUM DEPOSITS OF $5000 OR MORE Where the non-recurring lump sum deposit of $5,000 or more is the result of proceeds transferred from another LNL Contract or a Lincoln National Life Insurance Company Annuity Contract, either of which did not contain surrender/withdrawal charges, the applicable charge will be 2% of the proceeds if surrender occurs in years 1-5 and no charge if surrender occurs after the Contract has been in force for 5 years. Where the non-recurring lump sum deposit of $5,000 or more is the result of proceeds transferred from another Lincoln National Life Insurance Company Annuity Contract, either of which contained surrender/withdrawal charges, the applicable charge will be as shown in Schedules A and B. Investment gains and/or interest earnings on nonrecurring lump sum deposits will be subject to an 8% charge for contract years 1-5, 4% for years 5-10, and no charge for years 11 on. 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. After the Contract has been in force for 10 Contract Years, there will be no Surrender Charge applied. 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 re-
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
