Transfers from Other Contracts Clause Samples
The "Transfers from Other Contracts" clause governs the process by which rights, obligations, or assets from existing agreements can be moved or assigned to the current contract. Typically, this clause outlines the conditions under which such transfers are permitted, such as requiring written consent from all parties or specifying which types of contracts are eligible for transfer. Its core function is to ensure that any integration or migration of contractual elements from previous agreements is handled transparently and with mutual agreement, thereby preventing disputes and maintaining continuity in contractual relationships.
Transfers from Other Contracts. We may require amounts transferred to a Participant Account from other AUL group annuity contracts to be deposited in a suspense account. We will advise the Contractholder if this limitation applies before accepting such a transfer. P-GB-C-AUL1MFVA.7 SECTION 3 -- OPERATION OF FIXED INTEREST ACCOUNT (FIA)
Transfers from Other Contracts. We may require amounts transferred to a Participant Account from other AUL group annuity contracts to be allocated to the FIA. We will advise you if this limitation applies before accepting such a transfer.
Transfers from Other Contracts. We may require amounts transferred to this contract from other AUL group annuity contracts to be allocated to [the FIA]. We will advise you if this limitation applies before accepting such a transfer. GBregKuportVA [(SBR)] 7 SECTION 3 -- OPERATION OF THE FIXED INTEREST ACCOUNT