SURRENDERS. The Owner may, upon Notice to LNY, surrender this Contract for its surrender value at any time prior to the earlier of: the Annuity Commencement Date, or termination of this Contract upon payment of any Death Benefit. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNY receives Notice of surrender. Surrenders will be subject to the withdrawal and surrender requirements as shown on the Contract Specifications. The surrender value on the Valuation Date of surrender will be the sum of "a." and "b." minus the CDSC, where:
a. is the Contract Value in the DCA Fixed Account and;
b. is the portion of the Contract Value in the Variable Account. 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. Upon receipt of Notice to surrender, LNY will pay the amount of any surrender within the time period required by the Securities and Exchange Commission, unless the Suspension or Deferral of Payments or Transfers provision (Article 10) is in effect.
SURRENDERS. If an FAA TSO Authorization holder, FAA Letter of Design Approval holder, or a ETSO Authorization holder elects to surrender the TSO/ETSO approval issued by the FAA or EASA, the FAA or EASA shall immediately notify the other in writing of the action. The exporting authority shall inform the importing authority when an unsafe condition has been identified, until such time as the TSO/ETSO approval is formally withdrawn by the exporting authority.
SURRENDERS. The Owner may surrender this Contract for its Surrender Value at any time by providing Notice, prior to the earlier of:
SURRENDERS. If an FAA TSO Authorization holder, FAA Letter of Design Approval holder, or a JTSO/QAC Authorisation holder elects to surrender the TSO/JTSO/QAC approval issued by the FAA or DGAC as the exporting authority, the FAA or DGAC will immediately notify the other in writing of the action. The exporting authority shall inform the importing authority when an unsafe condition has been identified, until such time as the TSO/JTSO/QAC approval is formally withdrawn by the exporting authority.
SURRENDERS. The Owner may, upon Notice to LNL, surrender this Contract for its surrender value at any time prior to the earlier of: the Annuity Commencement Date, or termination of this Contract upon payment of any Death Benefit. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNL receives Notice of surrender. Surrenders will be subject to the withdrawal and surrender requirements as shown on the Contract Specifications. The surrender value on the Valuation Date of surrender will be the Contract Value, minus the CDSC. LNL reserves the right to surrender this Contract if any withdrawal 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. Upon receipt of Notice to surrender, LNL will pay the amount of any surrender within the time period required by the Securities and Exchange Commission, unless the Suspension or Deferral of Payments or Transfers from the Variable Account provision (Article 9) is in effect.
SURRENDERS. The Owner may, upon Notice to LNY, surrender this Contract for its surrender value at any time prior to the earlier of: the Annuity Commencement Date, or termination of this Contract upon payment of any Death Benefit. This Contract will terminate upon surrender. The surrender will be effective on the Valuation Date on which LNY receives Notice of surrender. Surrenders will be subject to the withdrawal and surrender requirements as shown on the Contract Specifications. 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. Upon receipt of Notice to surrender, LNY will pay the amount of any surrender within the time period required by the Securities and Exchange Commission, unless the Suspension or Deferral of Payments or Transfers provision (Article 10) is in effect.
SURRENDERS. Full or partial surrenders may be made any time prior to the Annuity Commencement Date. Partial surrenders may be taken provided the Contract Value remaining after the surrender is at least $5,000. The amount we will pay upon a full or partial surrender is equal to the Contract Value surrendered minus any applicable premium tax and contract maintenance fee. SUSPENSION OR DELAY IN PAYMENT OF SURRENDER - The Company may suspend or delay the date of payment of a partial or full surrender from the Variable Account value for any period:
SURRENDERS. You may surrender this contract at any time prior to the Annuitization Date provided that the Owner and Joint Owner, if any, are living and provided that You give Us Notice at Our office. You may surrender this contract in full for the surrender value. The surrender value at any time is the accumulated value on the date We receive Your Notice, less any applicable Surrender Charge and other fees and charges. You may make unscheduled and scheduled partial surrenders of this contract by providing Us Notice. Partial surrenders reduce the accumulated value of the contract and are deducted from the Investment Options in the same proportion as Your current premium payment allocations unless You direct otherwise. Partial surrenders that exceed the remaining Free Surrender Amount for that Contract Year are subject to any applicable Surrender Charge. If the partial surrender amount is less than the remaining Free Surrender Amount for that Contract Year, no Surrender Charge will apply. Any partial surrender that would reduce the accumulated value to less than the Minimum Accumulated Value After A Partial Surrender amount shown on the Data Page will be treated as a request for surrender of this contract. We reserve the right to change the Minimum Accumulated Value After A Partial Surrender amount but it will never be greater than the amount shown on the Data Page. The Minimum Unscheduled Partial Surrender amount is shown on the Data Page. The Minimum Accumulated Value To Initiate A Scheduled Partial Surrender is shown on the Data Page. Scheduled partial surrenders will:
SURRENDERS transfers control of or makes an unauthorized transfer of this Agreement or an ownership interest in the Marketer;
SURRENDERS. You may request, in writing or by other means acceptable to us, a Surrender of Contract values at any time. We agree to pay Surrenders from the Contract upon your request, subject to any limitations and charges set forth in the Contract. A full Surrender of this Contract will be paid as provided in the Contract Termination Section of this Contract.
