Policy Account definition

Policy Account means the Eligible Deposit Account established by the Subordination Agent pursuant to Section 2.2(a)(iii).

Policy Account has the meaning set forth in the Account Control Agreement.

Policy Account. The trust account or accounts created and maintained by the Securities Administrator, on behalf of the Trustee, pursuant to Section 4.05 hereof in the name of the Trustee for the benefit of the Class 1-A-1B and Class 2-A-1C Certificateholders and designated “Class 1-A-1B and Class 2-A-1C Policy Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered Certificateholders of HarborView Mortgage Loan Trust 2005-11, Mortgage Loan Pass-Through Certificates, Series 2005-11, Class 1-A-1B and Class 2-A-1C Certificates.”

Examples of Policy Account in a sentence

• Amounts on deposit in the Policy Account shall not be invested and shall not be held in an interest-bearing account.

• All partial withdrawals will reduce the Policy Account Value by the amount of the partial withdrawal.

• In my opinion, the illustrations of death benefits, Policy Account Values, and Net Cash Surrender Values included in the prospectus, based on the assumptions stated in the illustrations, are consistent with the provisions of the form of the Policy and with GIAC’s administrative procedures.

• All such amounts on deposit in the Policy Account shall remain uninvested.

• GIAC will first transfer amounts held in the Variable Investment Options in proportion to the Policy Account Value held in such options as of the date it received the loan request.

More Definitions of Policy Account

Policy Account means accumulation of Contributions/Premium(s) at the Policyholder level as per Policyholder’s instructions;

Policy Account means the portion of the Separate Account liabilities as shall from time to time relate to the Policies as determined pursuant to Section 5.02(a).

Policy Account. The trust account or accounts created and maintained by the Trustee pursuant to Section 4.05 hereof in the name of the Trustee for the benefit of the Class 1A-1B and Class 2A-1C1 Certificateholders and designated “Policy Account, Xxxxx Fargo Bank, N.A., as Trustee, in trust for the registered Certificateholders of HarborView Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series 2007-1, Class 1A-1B and Class 2A-1C1 Certificates.”

Policy Account means the Eligible Deposit Account established by the Trustee pursuant to Section 8.13(a) of the Indenture which the Trustee shall make deposits in and withdrawals from in accordance with the Indenture.

Policy Account. The account established and maintained pursuant to Section 4.07(a).

Policy Account means the Class G-1 Policy Account or the Class G-2 Policy Account, as applicable.

Policy Account. The trust account or accounts created and maintained by the Trustee pursuant to Section 4.05 hereof in the name of the Trustee for the benefit of the Class 2A-1B and Class 2A-2C Certificateholders and designated “Policy Account, Xxxxx Fargo Bank, N.A., as Trustee, in trust for the registered Certificateholders of HarborView Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series 2006-12, Class 2A-1B and Class 2A-2C Certificates.”