VALUATION OF SEPARATE ACCOUNT ASSETS Sample Clauses

VALUATION OF SEPARATE ACCOUNT ASSETS. The value of the shares of each Portfolio held in the Separate Account on each Valuation Date will be the redemption value of the shares on that date. If the right to redeem shares of a Portfolio has been suspended, or payment of the redemption value has been postponed, the shares held in the Separate Account (and Annuity Units) may be valued at fair value as determined in good faith by the Board of Trustees of the Company for the sole purpose of computing annuity payments.
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VALUATION OF SEPARATE ACCOUNT ASSETS. Determination of Separate Account Values . Deferment of Benefit Payments . Dividends . Incontestability .
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VALUATION OF SEPARATE ACCOUNT ASSETS. We will value the assets of the Separate Account each Valuation Day at their fair market value in accordance with accepted accounting practices and applicable laws and regulations. Accumulation Units Purchase Payment(s) allocated to a Subaccount or amounts transferred to a Subaccount are converted into Accumulation Units. The number of Accumulation Units is determined by dividing the dollar amount allocated to each Subaccount by the value of the Accumulation Unit for that Subaccount for the Valuation Day on which the Purchase Payment(s) or transferred amount is invested in the Subaccount. Purchase Payment(s) allocated to or amounts transferred to a Subaccount increase the number of Accumulation Units of that Subaccount.
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VALUATION OF SEPARATE ACCOUNT ASSETS. We will value the assets of the Separate Account each Valuation Day at their fair market value in accordance with accepted accounting practices and applicable laws and regulations. Accumulation Units Purchase Payments allocated to a Subaccount are converted into Accumulation Units. The number of Accumulation Units is determined by dividing the dollar amount allocated to each Subaccount by the value of the Accumulation Unit for that Subaccount for the Valuation Day on which the Purchase Payment is invested in the Subaccount. Purchase Payments allocated to a Subaccount increase the number of Accumulation Units of that Subaccount. The events which will reduce the number of Accumulation Units of a Subaccount are as follows:
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VALUATION OF SEPARATE ACCOUNT ASSETS. A Valuation Date is any day on which the assets of the Separate Account are valued. Assets are valued as of the close of trading on the New York Stock Exchange for each day the Exchange is open. The value of the shares of each Fund held in the Separate Account on each Valuation Date will be the redemption value of the shares on that date. If the right to redeem shares of a Fund has been suspended, or if payment of the redemption value has been postponed, the shares held in the Separate Account may be valued at fair value as determined in good faith by the Board of Trustees of the Company for the sole purpose of computing annuity benefits.
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VALUATION OF SEPARATE ACCOUNT ASSETS. We will value the assets of the Separate Account each Valuation Day at their fair market value. The valuation will be done in accordance with accepted accounting practices and applicable laws and regulations.
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VALUATION OF SEPARATE ACCOUNT ASSETS. We will value the assets of the Separate Account each Valuation Day at their fair market value. The valuation will be done in accordance with accepted accounting practices and applicable laws and regulations. Policy Exchange If you object to a material change in the investment policy of the Separate Account or any Investment Subdivision, you have the right to exchange this Policy for a fixed benefit policy. No evidence of insurability will be required. We will notify you of the options available, and the procedures to follow if you decide to make an exchange. You must make an exchange within sixty days after the change in investment policy becomes effective or sixty days after the receipt of the notice of the options available, whichever is later. There will always be one policy available for exchange. Unit Value Each Investment Subdivision has a Unit Value. When Net Premiums or other amounts are transferred into an Investment Subdivision, a number of units are purchased based on that Investment Subdivision's Unit Value as of the end of the Valuation Period during which the transfer is made. Likewise, when amounts are transferred out of an Investment Subdivision, units are redeemed in a similar manner. The Unit Value of each Investment Subdivision was arbitrarily set when the Investment Subdivision began operations. The Unit Value for each subsequent Valuation Period is the net investment factor for that period, multiplied by the Unit Value for the immediately preceding period. The Unit Value for a Valuation Period applies to each day in the period.
Sample 1
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VALUATION OF SEPARATE ACCOUNT ASSETS. We will value the assets of the Separate Account each Valuation Day at their fair market value in accordance with accepted accounting practices and applicable laws and regulations. Accumulation Units Purchase Payment(s) allocated to a Subaccount or amounts transferred to a Subaccount are converted into Accumulation Units. The number of Accumulation Units is determined by dividing the dollar amount allocated to each Subaccount by the value of the Accumulation Unit for that Subaccount for the Valuation Day on which the Purchase Payment(s) or transferred amount is invested in the Subaccount. Purchase Payment(s) allocated to or amounts transferred to a Subaccount increase the number of Accumulation Units of that Subaccount. The events which will reduce the number of Accumulation Units of a Subaccount are as follows:
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Related to VALUATION OF SEPARATE ACCOUNT ASSETS

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Separate Account NML Variable Annuity Account B. The Separate Account consists of assets set aside by the Company, the investment performance of which is kept separate from that of the general assets and all other separate account assets of the Company.

  • 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:

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • 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:

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

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

  • 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:

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