Alternate Rate Basis Sample Clauses

Alternate Rate Basis. The Company may from time to time publish higher initial rates for variable payment plans under this contract. These higher rates will not be available to increase payments under payment plans already entered upon. When a variable payment plan is effective on an alternate rate basis, the Daily Adjustment Factor defined in Section 8.3b will be determined based on the Assumed Investment Rate used in calculating the alternate payment rate. Monthly Income Payment Per $1,000 Benefits INSTALLMENT INCOME PLAN (Option B) PERIOD (YEARS) MONTHLY PAYMENT 1 $ 84.65 2 43.05 3 29.19 4 22.27 5 18.12 6 15.35 7 13.38 8 11.90 9 10.75 10 9.83 11 9.09 12 8.46 13 7.94 14 7.49 15 7.10 16 6.76 17 6.47 18 6.20 19 5.97 20 5.75 21 5.56 22 5.39 23 5.24 24 5.09 25 4.96 26 4.84 27 4.73 28 4.63 29 4.53 30 4.45 LL V 1A, LL V 1B First Monthly Payment Per $1,000 Benefits LIFE INCOME PLANS SINGLE LIFE MONTHLY PAYMENTS (Option C) ADJUSTED AGE CERTAIN PERIOD MALE FEMALE NONE 10 YEARS 20 YEARS 50 55 $ 4.68 $ 4.63 $ 4.46 51 56 4.77 4.71 4.52 52 57 4.86 4.80 4.58 53 58 4.96 4.89 4.64 54 59 5.06 4.98 4.70 55 60 5.18 5.08 4.76 56 61 5.29 5.18 4.83 57 62 5.42 5.29 4.89 58 63 5.55 5.41 4.95 59 64 5.70 5.52 5.01 60 65 5.85 5.65 5.08 61 66 6.01 5.78 5.14 62 67 6.18 5.91 5.19 63 68 6.36 6.05 5.25 64 69 6.55 6.19 5.30 65 70 6.76 6.34 5.35 66 71 6.97 6.49 5.40 67 72 7.20 6.64 5.45 68 73 7.45 6.80 5.49 69 74 7.71 6.96 5.53 70 75 7.98 7.13 5.56 71 76 8.28 7.29 5.59 72 77 8.59 7.46 5.62 73 78 8.92 7.62 5.65 74 79 9.28 7.79 5.67 75 80 9.66 7.96 5.69 76 81 10.06 8.12 5.70 77 82 10.49 8.28 5.71 78 83 10.95 8.43 5.72 79 84 11.44 8.58 5.73 80 85† 11.97 8.72 5.74 81 12.53 8.86 5.74 82 13.14 8.99 5.75 83 13.78 9.10 5.75 84 14.47 9.21 5.75 85† † and over 15.22 9.31 5.75 JOINT AND SURVIVOR MONTHLY PAYMENTS (Option E) ADJUSTED AGE JOINT PAYEE ADJUSTED AGE MALE 45 50 55 60 65 70 75 FEMALE 50 55 60 65 70 75 80 45 50 $ 3.85 $ 3.96 $ 4.04 $ 4.10 $ 4.15 $ 4.18 $ 4.22 50 55 3.96 4.10 4.24 4.35 4.42 4.48 4.53 55 60 4.04 4.24 4.43 4.61 4.75 4.85 4.92 60 65 4.10 4.35 4.61 4.86 5.10 5.28 5.41 65 70 4.15 4.42 4.75 5.10 5.43 5.74 5.97 70 75 4.18 4.48 4.85 5.28 5.74 6.16 6.54 75 80 4.22 4.53 4.92 5.41 5.97 6.54 7.05 The amount of the payment for any other combination of ages will be furnished by the Company on request. The maximum initial monthly income per $1,000 shall be $7.05. Monthly payment rates are based on an Assumed Investment Rate of 3 1/2% and the 1955 American Annuity Table set back two years of age. LLV 1, LL V 1A, ...
Sample 1
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Related to Alternate Rate Basis

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • Alternate Base Rate Loans During such periods as Revolving Loans shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Percentage; and

  • Determination of Interest Rate Basis The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with the following provisions.

  • Settlement Date Basis For purposes of this Agreement, all determinations of whether an investment is to be included as a Portfolio Investment shall be determined on a settlement-date basis (meaning that any investment that has been purchased will not be treated as a Portfolio Investment until such purchase has settled, and any Portfolio Investment which has been sold will not be excluded as a Portfolio Investment until such sale has settled); provided that no such investment shall be included as a Portfolio Investment to the extent it has not been paid for in full.

  • Base Rate The greater of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the Agent’s Head Office as its “prime rate” or (b) one half of one percent (0.5%) above the Federal Funds Effective Rate. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

  • Alternate Rate of Interest; Illegality (a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

  • Eurodollar Rate Each Eurodollar Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is made or created until the last day of the Interest Period applicable thereto or, if earlier, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted Eurodollar Rate, payable on the last day of each Interest Period applicable thereto and at maturity (whether by acceleration or otherwise) and, with respect to any Eurodollar Loan with an Interest Period in excess of three months, on the date occurring every date which is three months after the date such Loan is made or created; provided that if on the last day of the Interest Period applicable to any Eurodollar Loan the Company does not pay such Loan, such Loan shall automatically become a Domestic Rate Loan as of the day immediately following the last day of the Interest Period applicable thereto.

  • Determination of Commercial Paper Rate If the Interest Rate Reset Basis specified above is the Commercial Paper Rate, the interest rate with respect to this Note will be the Commercial Paper Rate plus or minus the Spread, if any, or multiplied by the Spread Multiplier, if any, as specified above. “Commercial Paper Rate” means, with respect to any Interest Determination Date, the Money Market Yield (as defined below) of the rate on such Interest Determination Date for commercial paper having the Index Maturity specified above as published in H.15(519) under the caption “Commercial Paper-Nonfinancial”. In the event that such rate is not published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, then the Commercial Paper Rate will be the rate on such Interest Determination Date for commercial paper having the Index Maturity specified above as published in H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Commercial Paper-Nonfinancial.” If by 3:00 P.M., New York City time, on such Calculation Date such rate is not yet published in either H.15(519), H.15 Daily Update or other recognized electronic source, the Commercial Paper Rate for such Interest Determination Date will be calculated by the Calculation Agent and will be the Money Market Yield of the arithmetic mean of the offered rates at approximately 11:00 A.M., New York City time, on that Interest Determination Date, of three leading dealers of United States dollar commercial paper in The City of New York selected by the Calculation Agent for commercial paper having the Index Maturity specified above placed for industrial issuers whose bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating organization; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting as mentioned in this sentence, the Commercial Paper Rate determined as of such Interest Determination Date will be the Commercial Paper Rate in effect on such Interest Determination Date.

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

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