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Common use of Value of the Account Clause in Contracts

Value of the Account. The fair market value of the assets held under the Account as determined by the Trustee in good faith shall be used to calculate the balance of the money and assets held under this Account for any particular time, including on the death of the Annuitant or on a transfer of assets from the Account. Any such determination by the Trustee shall be conclusive for all purposes hereof.

Appears in 5 contracts

Samples: Locked in Retirement Account Agreement, Account Terms and Conditions, Account Terms and Conditions

Value of the Account. The fair market value of the assets held under the Account Account, as determined by the Trustee in good faith shall faith, will be used to calculate establish the balance of the money and assets held under this in the Account for at any particular time, including on the death of the Annuitant or on a transfer of assets from the Account. Any such determination by the Trustee shall will be conclusive for all purposes hereof.

Appears in 3 contracts

Samples: Locked in Retirement Account Addendum, Supplementary Agreement, Locked in Retirement Savings Plan Addendum