Common use of Termination Payment Options Clause in Contracts

Termination Payment Options. MassMutual will disburse all assets held under this Agreement in accordance with Effective Communication of one of the following payment options from the Investor, provided that in the event of the termination of the Agreement pursuant to Section 3.01A(3) payment will be made under the Book Value Installment Payment Option in [eleven] equal annual installments. In the event no option is elected within [thirty-one] days of the Partial Termination Date or the Termination Date, the Book Value Installment Payment Option will be deemed to have been elected by the Investor.

Termination Payment Options. MassMutual will disburse all assets held under this Agreement in accordance with Effective Communication of one of the following payment options from the Investor, provided that in the event of the termination of the Agreement pursuant to Section 3.01A(3) payment will be made under the Book Value Installment Payment Option in [eleven] equal annual installments. In the event no option is elected within [thirty-one] one (31) days of the Partial Termination Date or the Termination Date, the applicable Book Value Installment Payment Option will be deemed to have been elected by the Investor.