WITHDRAWAL OPTION. This offer may be withdrawn within 30 days from the date of its signing by the Promissory Buyer, upon expiry of the specified term, the offer will automatically become irrevocable.
WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract, subject to the charges outlined under Surrender Option (see Section 2.11). However, the Owner may withdraw up to the Free Amount once each Contract Year without incurring a Contingent Deferred Sales Charge (CDSC). The Free Amount is equal to 10% of the total Purchase Payments. For purposes of calculating the CDSC on withdrawals, LNL assumes that:
WITHDRAWAL OPTION. Non- participating. Investment results reflected in values. GA-IA-1032-02/97 CONTRACT CONTENTS ------------------------------------------------------------------------------ THE SCHEDULE YOUR CONTRACT BENEFITS............... 14
WITHDRAWAL OPTION. The Owner may withdraw a part of the Contract Value at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit;
c. surrender of this Contract; or
d. the Maturity Date. A withdrawal will be effective on the Valuation Date on which LNY receives a written request for withdrawal at its Servicing Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNY will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or Fixed Sub-account. Any payment from the Variable Account will be mailed from LNY's Servicing Office within seven days after the date of withdrawal; however, LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received at its Servicing Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Servicing Office. Withdrawals from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal will occur on the Valuation Date the withdrawal is received in the Servicing Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received in the Servicing Office. The minimum withdrawal is $300. LNY reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to less than $2,000, and Purchase Payments have stopped for a period of three full years. By payment of the Contract Value, LNY shall be relieved of any further obligation under th...
WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract, subject to a Surrender Charge (see section 2.
WITHDRAWAL OPTION. It is absolutely essential for the Parties that the results from the preliminary activities will give sufficient evidence that:
i) the cobalt content of the Slag as to quantity and quality will be to the satisfaction of the Parties as defined in Articles 2 of the Long Term Slag Sales Agreement in the Appendix 2 hereto.
ii) the commercial exploitation is viable to the satisfaction of the Parties, in accordance to the feasibility studies, construction and investment calculations related to the processing as well as the other activity plans to be completed in accordance with Article 5.1 above. The Parties shall have a period of consideration of 6 months starting on the date of entering into force of this Agreement. Should the conditions defined in sub-articles i) and ii) not be fulfilled within the said period to the satisfaction of any of the Parties, that Party shall have the right to withdraw from this Agreement without any liability to pay any compensation or reimbursement of costs to other Parties or any reimbursement of its own expenses.
WITHDRAWAL OPTION. The Owner may withdraw a part of the Contract Value at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit;
c. surrender of this Contract; or
d. the Maturity Date. The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL receives a written request at its Home Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or DCA Fixed Account. Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of withdrawal; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request of withdrawal is received. Any payment from the DCA Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from this Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Office. The Withdrawal Option is not available after the Annuity Commencement Date.
WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract, subject to the charges outlined under Surrender Option. The first partial withdrawal in any Contract Year will be free of withdrawal charges up to 10% of Purchase Payments. Withdrawals will be treated as first in-first out for purposes of calculating the withdrawal charge. Withdrawal will be effective on the Valuation date on which LNL receives a written request at its Home Office. The minimum withdrawal is $300. If any withdrawal reduces the total account value to less than $300, LNL may surrender the Contract for its surrender value. The remaining value will be subject to the charges as provided under Surrender Option. The request should specify from which sub-account the withdrawal will be made. If no sub-account is specified, LNL will withdraw, on a pro rata basis from each sub- account, the amount requested. Any cash payment will be mailed from LNL's Home Office within seven days after the date of withdrawal; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received. For purposes of this Section, the fixed portion of the Contract is considered a sub-account. The Withdrawal Option is not available after Annuity Payments have begun.
WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract at any time prior to the earlier of:
a. the Annuity Commencement Date;
b. termination of this Contract upon payment of any Death Benefit;
c. surrender of this Contract; or
d. the Maturity Date. Withdrawals will be subject to the CDSC (see Sections 5.03 and 5.04). However, the Owner may withdraw up to the Free Amount during a Contract Year without incurring a CDSC. The remaining value will be subject to the charges as provided under CDSC (see Section 5.04). The Free Amount is equal to the greater of:
WITHDRAWAL OPTION. If the policy accumulates a cash value, You can withdraw from the policy in the following ways:
a) Bonus Withdrawal You may choose to either fully or partially surrender the reversionary bonus that We have credited to the policy. Minimum bonus withdrawal amount is $1,000. Please note that this will reduce the value of Your policy and the amount payable (if any) may be lesser than the actual reversionary bonus declared. Withdrawing Your accumulated reversionary bonus will also result in You receiving less bonuses on Your policy in the future. Part of the performance bonus on surrender will also be withdrawn when You choose to withdraw from Your reversionary bonus.
b) Partial Withdrawal / Full Surrender You may choose to either fully or partially surrender the policy. The minimum withdrawal amount is $1,000 (in multiples of $100) subject to the minimum coverage of $10,000 remaining for Your policy to maintain after the withdrawal. If You choose to partially withdraw from Your basic policy surrender value, the coverage and value of Your policy will be reduced. As a result, this will reduce the amount of future bonuses declared for Your policy. If the policy is surrendered, the surrender value payable (if any) may be lesser than the total Premium paid.
c) Regular Withdrawal You may choose to perform regular withdrawal from your policy based on the regular withdrawal table indicated below. The minimum regular withdrawal amount is $100 per month (in multiples of $100). The impact to Your basic policy surrender value is described as above. You have the flexibility to adjust Your regular withdrawal amount, to choose when to start or stop your regular withdrawal. For any alteration to the regular withdrawal, you will need to write to us, by giving us one (1) month notice. Your request will take effect from the next regular withdrawal date. We only allow regular withdrawals after 5 policy years for Premium payment term of single premium, three (3) and five (5) years, and after Premium payment term has ended for the rest. Single Premium 61st policy month onwards 3 years premium term 61st policy month onwards 5 years premium term 61st policy month onwards 10 years premium term 121st policy month onwards 15 years premium term 181st policy month onwards 20 years premium term 241st policy month onwards Please note that once You have hit the minimum coverage of $10,000 for Your base policy surrender value the regular withdrawal will stop. Any amount withdrawn cannot be re...
