TRANSFERS OF UNALLOCATED AMOUNTS Sample Clauses

TRANSFERS OF UNALLOCATED AMOUNTS. 11 Section 2.03 - Transfers from Predecessor Contract 11 Section 2.04 - Separate Account 12 Section 2.05 - Guaranteed Interest Division 12 Section 2.06 - Allocation of Contributions to Divisions 13 Section 2.07 - Transfers among Division s 13 Section 2.08 - Partial Withdrawal and Termination 14 Section 2.09 -
Sample 1
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TRANSFERS OF UNALLOCATED AMOUNTS. Anything in this Contract to the contrary notwithstanding, with respect to an Employer Plan for which assets are being transferred on or after the Funding Effective Date from another funding vehicle, if the Employer or Employer Plan Trustee advises Equitable that it cannot provide Equitable on or before the date of such transfer with the corresponding Participant-level information normally required pursuant to this Contract, such transferred assets may be remitted as Contributions hereunder on an unallocated basis to a suspense account; provided that, while such assets remain unallocated, Equitable will (a) treat the amounts in such suspense account as one Retirement Account Value, except as provided below, with the Employer or Employer Plan Trustee as sole Participant, and (b) rely fully upon the advice of the Employer or Employer Plan Trustee for any Participant-level information required to process transactions hereunder. Any Employer or Employer Plan Trustee which transfers assets on an unallocated basis to this Contract agrees to provide Participant-level information as soon thereafter as is practicable. If such information is not received within such period as Equitable deems reasonable, Equitable shall have the right to pay to the Employer or the Employer Plan Trustee the amounts in the suspense account, on the basis described in Clause (b) of Section 1.10, except that the Free Corridor Amount will be zero. If the Employer or Employer Plan Trustee requests to terminate participation of the Employer Plan under this Contract, or requests a partial withdrawal from the suspense account prior to Equitable's receipt of the required Participant-level information, the Free Corridor Amount will also be zero.
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TRANSFERS OF UNALLOCATED AMOUNTS. Section 2.03 - Transfers from Predecessor Contract Section 2.04 - Separate Account Section 2.05 - Guaranteed Interest Division Section 2.06 - Allocation of Contributions to Divisions Section 2.07 - Transfers Among Divisions Section 2.08 - Partial Withdrawal and Termination Section 2.09 - Death Benefits Section 2.10 - Loans Section 2.11 - Fees and Charges Section 2.12 - Forfeitures PART III - ANNUITY BENEFITS Section 3.01 - Fixed Annuity Benefit Section 3.02 - Variable Annuity Benefit Section 3.03 - Form of Annuity Benefit Section 3.04 - Report for Annuity Benefit Section 3.05 - Application to Provide Annuity Benefit Section 3.06 - Payment of Annuity Benefit
Sample 1
TRANSFERS OF UNALLOCATED AMOUNTS. Anything in this Contract to the contrary nontwithstanding, with respect to an Employer Plan for which amounts are being transferred on or after the Contract Date from another funding vehicle, if the Employer or Employer Plan Trustee advises Equitable that it cannot provide Equitable on or before the date of such transfer with the corresponding Participant-level information normally required pursuant to this Contract, such transferred amounts may be remitted as Contributions hereunder on an unallocated basis to the Divisions, subject to Equitable's rules. While such assets remain unallocated, Equitable will (a) treat such amounts as one Retirement Account Value, with the Employer or Employer Plan Trustee as sole Participant, and (b) rely fully upon the advice of the Employer or Employer Plan Trustee for any Participant-level information required to process transactions hereunder. Any Employer or Employer Plan Trustee which transfers amounts on an unallocated basis to this Contract agrees to provide Participant-level information as soon thereafter as is practicable. If such information is not received within such period as Equitable deems reasonable under its rules, Equitable shall have the right to pay to the Employer or the Employer Plan Trustee the applicable Cash Value.
Sample 1

Related to TRANSFERS OF UNALLOCATED AMOUNTS

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Account Allocations In the event that any Transferor is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of this Agreement, including by reason of the application of the provisions of Section 4.1 or any order of any Governmental Authority (a “Transfer Restriction Event”), then, in any such event, (a) such Transferor agrees (except as prohibited by any such order) to allocate and pay to the Trust, after the date of such inability, all Collections, including Collections of Receivables transferred to the Trust prior to the occurrence of such event, and all amounts which would have constituted Collections with respect to Receivables but for such Transferor’s inability to transfer Receivables (up to an aggregate amount equal to the amount of Receivables included as part of the Trust Assets on such date transferred to the Trust by such Transferor), (b) such Transferor and the Servicer agree that such amounts will be applied as Collections in accordance with the terms of the Servicing Agreement, the Indenture and each Indenture Supplement and (c) for so long as the allocation and application of all Collections and all amounts that would have constituted Collections are made in accordance with clauses (a) and (b) above, Receivables (and all amounts which would have constituted Receivables but for such Transferor’s inability to transfer Receivables to the Trust) which are written off as uncollectible in accordance with the Servicing Agreement shall continue to be allocated in accordance with the terms of this Agreement, the Servicing Agreement, the Indenture and each Indenture Supplement. For the purpose of the immediately preceding sentence, such Transferor and the Servicer shall treat the first received Collections with respect to the Accounts as allocable to the Trust until the Trust shall have been allocated and paid Collections in an amount equal to the aggregate amount of Receivables included in the Trust as of the date of the occurrence of such event. If such Transferor and the Servicer are unable pursuant to any Requirements of Law to allocate Collections as described above, such Transferor and the Servicer agree that, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account shall be allocated first to the oldest principal balance of such Account and shall have such payments applied as Collections in accordance with the terms of this Agreement, the Servicing Agreement, the Indenture and each Indenture Supplement.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Reallocated Principal Collections On each Distribution Date, the Servicer shall apply, or shall cause the Trustee to apply by written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority:

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the Servicing Agreements or as the Securities Administrator has instructed hereunder for the following purposes (limited in the case of amounts due the Master Servicer to those not withdrawn from the Master Servicer Collection Account in accordance with the terms of this Agreement):

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • TRANSFERS, SPLIT-UPS, AND COMBINATIONS OF RECEIPTS The transfer of this Receipt is registrable on the books of the Depositary at its Corporate Trust Office by the Owner hereof in person or by a duly authorized attorney, upon surrender of this Receipt properly endorsed for transfer or accompanied by proper instruments of transfer and funds sufficient to pay any applicable transfer taxes and the expenses of the Depositary and upon compliance with such regulations, if any, as the Depositary may establish for such purpose. This Receipt may be split into other such Receipts, or may be combined with other such Receipts into one Receipt, evidencing the same aggregate number of American Depositary Shares as the Receipt or Receipts surrendered. As a condition precedent to the execution and delivery, registration of transfer, split-up, combination, or surrender of any Receipt or withdrawal of any Deposited Securities, the Depositary, the Custodian, or Registrar may require payment from the depositor of Shares or the presenter of the Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees as provided in this Receipt, may require the production of proof satisfactory to it as to the identity and genuineness of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions of the Deposit Agreement or this Receipt. The delivery of Receipts against deposits of Shares generally or against deposits of particular Shares may be suspended, or the transfer of Receipts in particular instances may be refused, or the registration of transfer of outstanding Receipts generally may be suspended, during any period when the transfer books of the Depositary are closed, or if any such action is deemed necessary or advisable by the Depositary or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or commission, or under any provision of the Deposit Agreement or this Receipt, or for any other reason, subject to Article (22) hereof. Without limitation of the foregoing, the Depositary shall not knowingly accept for deposit under the Deposit Agreement any Shares required to be registered under the provisions of the Securities Act, unless a registration statement is in effect as to such Shares.

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