Common use of Transfers and Withdrawals Clause in Contracts

Transfers and Withdrawals. The Annuitant may at any time, in a form deemed satisfactory by the Trustee, request a transfer permitted under Part 2 or a withdrawal permitted under part 4 of the LIF Addendum attached. The Trustee may deduct from the property being transferred or withdrawn all amounts to be retained in the Tax Act, as applicable, as well as any fees and disbursements to which the Trustee is entitled. Once the transfer or withdrawal is completed in compliance with all conditions relating thereto, the Trustee and the Agent shall be released from any liability in connection with this Fund to the extent of the transfer or withdrawal. Notwithstanding the above, the Annuitant agrees that the Trustee shall never be obliged to refund in advance the investments held under the Fund for purposes of transfer or withdrawal and may, at its entire discretion, either (i) delay the requested transfer or withdrawal, or (ii) where such investments consist of identifiable and transferable securities, effect the transfer by the remittance of such securities. The Trustee may rely upon the information provided by the Annuitant in any application or forms completed in accordance with the Act and the Regulation and such application or forms shall constitute sufficient authorization to the Trustee to transfer assets of the Fund or pay the Annuitant from the Fund in accordance thereto.

Transfers and Withdrawals. The Annuitant may at any time, in a form deemed satisfactory by the Trustee, request a transfer permitted under Part 2 or a withdrawal permitted under part 4 of the LIF LIRA Addendum attached. The Trustee may deduct from the property being transferred or withdrawn all amounts to be retained in the Tax Act, as applicable, as well as any fees and disbursements to which the Trustee is entitled. Once the transfer or withdrawal is completed in compliance with all conditions relating thereto, the Trustee and the Agent shall be released from any liability in connection with this Fund Account to the extent of the transfer or withdrawal. Notwithstanding the above, the Annuitant agrees that the Trustee shall never be obliged to refund in advance the investments held under the Fund Account for purposes of transfer or withdrawal and may, at its entire discretion, either (i) delay the requested transfer or withdrawal, or (ii) where such investments consist of identifiable and transferable securities, effect the transfer by the remittance of such securities. The Trustee may rely upon the information provided by the Annuitant in any application or forms completed in accordance with the Act and the Regulation and such application or forms shall constitute sufficient authorization to the Trustee to transfer assets of the Fund Account or pay the Annuitant from the Fund Account in accordance thereto.

Transfers and Withdrawals. The Annuitant may at any time, in a form deemed satisfactory by the Trustee, request a transfer permitted under Part 2 or a withdrawal permitted under part Part 4 of the LIF Addendum attached. The Trustee may deduct from the property being transferred or withdrawn all amounts to be retained in application of the Tax Act, as applicable, as well as any fees and disbursements to which the Trustee is entitled. Once the transfer or withdrawal is completed in compliance with all conditions relating thereto, the Trustee and the Agent shall be released from any liability in connection with this Fund to the extent of the transfer or withdrawal. Notwithstanding the above, the Annuitant agrees that the Trustee shall never be obliged to refund in advance the investments held under the Fund for purposes of transfer or withdrawal and may, at its entire discretion, either (i) delay the requested transfer or withdrawal, or (ii) where such investments consist of identifiable and transferable securities, effect the transfer by the remittance of such securities. The Trustee may rely upon the information provided by the Annuitant in any application or forms completed in accordance with the Act and the Regulation and such application or forms shall constitute sufficient authorization to the Trustee to transfer assets of the Fund or pay the Annuitant from the Fund in accordance thereto.

Transfers and Withdrawals. The Annuitant may at any time, in a form deemed satisfactory by the Trustee, request a transfer permitted under Part 2 or a withdrawal permitted under part 4 of the LIF Addendum attached. The Trustee may deduct from the property being transferred or withdrawn all amounts to be retained in application of the Tax Act, as applicable, as well as any fees and disbursements to which the Trustee is entitled. Once the transfer or withdrawal is completed in compliance with all conditions relating thereto, the Trustee and the Agent shall be released from any liability in connection with this Fund to the extent of the transfer or withdrawal. Notwithstanding the above, the Annuitant agrees that the Trustee shall never be obliged to refund in advance the investments held under the Fund for purposes of transfer or withdrawal and may, at its entire discretion, either (i) delay the requested transfer or withdrawal, or (ii) where such investments consist of identifiable and transferable securities, effect the transfer by the remittance of such securities. The Trustee may rely upon the information provided by the Annuitant in any application or forms completed in accordance with the Act and the Regulation and such application or forms shall constitute sufficient authorization to the Trustee to transfer assets of the Fund or pay the Annuitant from the Fund in accordance thereto.

Transfers and Withdrawals. The Annuitant may at any time, in a form deemed satisfactory by the Trustee, request a transfer permitted under Part 2 or a withdrawal permitted under part 4 of the LIF LIRA Addendum attached. The Trustee may deduct from the property being transferred or withdrawn all amounts to be retained in application of the Tax Act, as applicable, as well as any fees and disbursements to which the Trustee is entitled. Once the transfer or withdrawal is completed in compliance with all conditions relating thereto, the Trustee and the Agent shall be released from any liability in connection with this Fund Account to the extent of the transfer or withdrawal. Notwithstanding the above, the Annuitant agrees that the Trustee shall never be obliged to refund in advance the investments held under the Fund Account for purposes of transfer or withdrawal and may, at its entire discretion, either (i) delay the requested transfer or withdrawal, or (ii) where such investments consist of identifiable and transferable securities, effect the transfer by the remittance of such securities. The Trustee may rely upon the information provided by the Annuitant in any application or forms completed in accordance with the Act and the Regulation and such application or forms shall constitute sufficient authorization to the Trustee to transfer assets of the Fund Account or pay the Annuitant from the Fund Account in accordance thereto.