ANNUITY AMOUNT PAYMENTS Clause Samples
The "Annuity Amount Payments" clause defines the specific terms under which periodic payments are made to an annuitant, typically as part of a retirement or insurance contract. It outlines the frequency, amount, and duration of each payment, and may specify whether payments are fixed or variable based on investment performance or other factors. This clause ensures that both parties understand the payment schedule and amounts, providing financial predictability and security for the recipient while clarifying the obligations of the payer.
ANNUITY AMOUNT PAYMENTS. 8.1.1 Subject to the provisions of this Agreement and in consideration of the Concession and the undertaking by the Operator to perform and discharge its obligations in accordance with the terms and conditions set out in this Agreement, the Authority agrees and undertakes to pay each Payable Annuity Amount Payment to the Operator on its corresponding Annuity Amount Payment Date in accordance with the terms of this Agreement.