Common use of Transfer Privilege Clause in Contracts

Transfer Privilege. Before the Maturity Date, you may transfer all or part of the amount in the Subaccount(s) to another Subaccount(s) or to the Guaranteed Account, or transfer a part of an amount in the Guaranteed Account to the Subaccount(s), subject to the availability of a Subaccount or shares of a portfolio and subject to these general restrictions and the additional restrictions below:

Appears in 4 contracts

Samples: Annuity Contract (Nationwide Provident Va Separate Account 1), Annuity Contract (Nationwide Provident Va Separate Account A), Annuity Contract (Providentmutual Variable Annuity Separate Account)

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Transfer Privilege. Before the Maturity Date, you may transfer all or part of the amount in the Subaccount(s) to another Subaccount(s) or to the Guaranteed Account, or transfer a part of an the amount in the Guaranteed Account to the Subaccount(s), subject to the availability of a Subaccount or shares of a portfolio and subject portfolio. The minimum transfer amount is shown in the Contract Schedule. If a transfer amount reduces the amount in a Subaccount or the Guaranteed Account to these general restrictions and less than $500, we reserve the additional restrictions below:right to treat the transfer request as a request to transfer the entire amount in that Subaccount or Guaranteed Account.

Appears in 2 contracts

Samples: Annuity Contract (Providentmutual Variable Annuity Separate Account), Annuity Contract (Providentmutual Variable Annuity Separate Account)

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