OF TRANSFERS definition

OF TRANSFERS. PERMITTED: Subject to the Company's administrative rules regarding active trading, there are no limits on the number of transfers that can be made during the Accumulation Period or during the Annuity Period; however, the Company reserves the right to impose a fee for excessive transfers after properly notifying the customer. TRANSFER FEE: Except for the Transaction Fee described above, if any, there are no transfer fee restrictions; however, the Company reserves the right to impose a fee at a later date for excessive transfers after properly notifying the customer. The Company reserves the right to impose any fees charged by the underlying Sub-Account Portfolio.

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OF TRANSFERS. PERMITTED: [During the Accumulation Period: Subject to any transfer fees and any minimum and maximum amounts that may be transferred, there is no limitation on the number of transfers that can currently be made between Subaccounts. Currently, you can make unlimited transfers to any Fixed Account Option, subject to any transfer fees and any required minimum and maximum amounts that may be transferred. You can make a transfer from any Guarantee Period of Fixed Account II, without any limitation or transfer fee, at the end of the Guarantee Period. We reserve the right to modify the above, but the Owner will always be allowed at least [12] transfers between Subaccounts in a Contract Year during the Accumulation Period. During the Annuity Period: Currently, during a Contract Year you can make [4] transfers between Subaccounts of the Separate Account, subject to any minimum and maximum amounts that may be transferred. Currently you can make [4] transfers each Contract Year from one or more Subaccounts to the General Account, subject to any minimum and maximum amounts that may be transferred. You may not make a transfer from the General Account to the Separate Account.]

OF TRANSFERS. PERMITTED: There are no limits on the number of transfers that can be made. We reserve the right to change this, but you will always be allowed at least 12 transfers in any Contract Year. Currently, you are allowed [12] free transfers each Contract Year. This applies to transfers prior to and after the Income Date.

Examples of OF TRANSFERS in a sentence

• IN ADDITION, EXCEPT IN THE CASE OF TRANSFERS TO EXISTING CERTIFICATEHOLDERS, THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY WITH THE EXPRESS WRITTEN CONSENT OF THE DEPOSITOR (WHICH CONSENT MAY BE WITHHELD FOR ANY REASON OR FOR NO REASON).

• LIMITATIONS ON NUMBER OF TRANSFERS: We limit the number of transfers from your Money Market account to another account or to a third party by preauthorized automatic or telephone transfers to six (6) per month or statement cycle.

• SIGNATURE GUARANTEED REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES1 This certificate relates to $ principal amount of Notes held in (check applicable space) book-entry or definitive form by the undersigned.

• TRANSFERS: NUMBER OF TRANSFERS PERMITTED: Currently, there are no limits on the number of transfers that can be made among Subaccounts.

• PROVIDED THAT IN THE CASE OF TRANSFERS PURSUANT TO (C) OR (D) ABOVE, THE HOLDER OF THE SECURITIES HAS FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER.

• MAXIMUM NUMBER OF TRANSFERS: 12 per Contract Year, excluding automatic DCA transfers.

• CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES This certificate relates to $_________ principal amount of Notes held in (check applicable space) ____ book-entry or _____ definitive form by the undersigned.

• IN THE CASE OF TRANSFERS OR OTHER DISPOSITIONS MADE OTHERWISE THAN PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT, THE HOLDER SHALL, AT THE COMPANY'S REQUEST, PROVIDE TO THE COMPANY AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

• NOTICE OF NON-EXTENSION WILL BE GIVEN BY ISSUER TO BENEFICIARY AT BENEFICIARY’S ADDRESS SET FORTH HEREIN OR AT SUCH OTHER ADDRESS AS BENEFICIARY MAY DESIGNATE TO ISSUER IN WRITING AT ISSUER’S LETTERHEAD ADDRESS THIS LETTER OF CREDIT IS FREELY TRANSFERABLE IN WHOLE OR IN PART, AND THE NUMBER OF TRANSFERS IS UNLIMITED.

• PROVIDED THAT IN THE CASE OF TRANSFERS PURSUANT TO (C) OR (D) ABOVE, THE HOLDER OF THE SECURITIES HAS FURNISHED TO THE COMPANY AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY.

More Definitions of OF TRANSFERS

OF TRANSFERS. Subject to the conditions imposed on such transfers by the Company, Contract Owners may make unlimited transfers during the Accumulation Period and 6 transfers per calendar year during the Annuity Period. The Company reserves the right to further limit the number of transfers in the future. FREE TRANSFERS: 12 per calendar year during the Accumulation Period; 6 per calendar year during the Annuity Period. All transfers made during a Valuation Period are deemed to be one transfer. TRANSFER FEE: The Transfer fee will not exceed the lesser of $20 or 2% of the amount transferred for each transfer beyond the 12 free unscheduled transfers allowed per calendar year. Transfers made by the Company from the CMFS - Money Market Sub-Account at the end of the Right to Examine Contract period do not count against the transfer limit.

OF TRANSFERS. Subject to the conditions imposed on such transfers by the Company, Contract Owners may make unlimited transfers during the Accumulation Period and 6 transfers per calendar year during the Annuity Period. The Company reserves the right to further limit the number of transfers in the future. FREE TRANSFERS: 12 per calendar year during the Accumulation Period; 6 per calendar year during the Annuity Period. All transfers made during a Valuation Period are deemed to be one transfer. TRANSFER FEE: The Transfer fee will not exceed the lesser of $20 or 2% of the amount transferred for each transfer beyond the 12 free unscheduled transfers allowed per calendar year. In addition, all transfers made as a result of a dollar cost averaging or rebalancing program will be considered as free scheduled transfers that do not count toward the 12 free unscheduled transfers.