FIXED INSTALLMENTS Sample Clauses

FIXED INSTALLMENTS. If the Distributee is a Participant or is the Beneficiary of a Participant who died before the Participant's required beginning date, in a series of substantially equal installments payable monthly, quarterly, semiannually or annually over a fixed period selected by the Distributee before the first payment which does not exceed the life expectancy of the Distributee or, if the Distributee is a Participant, the joint and last survivor life expectancy of the Participant and the Participant's "designated beneficiary" (within the meaning of section 401(a)(9) of the Internal Revenue Code), determined as of the date of the first such installment payment; provided, however, that if the Distributee is a Participant and the fixed period is determined by the joint and last survivor life expectancy of the Participant and the Participant's "designated beneficiary" (within the meaning of section 401(a)(9) of the Internal Revenue Code), then the remaining portion of such fixed period shall be determined again as of the Participant's required beginning date (see Section 7.2.2(a)) based on facts then in existence, and shall be reduced (but not increased) if necessary to comply with the requirements of section 401(a)(9) of the Internal Revenue Code. The election to recalculate life expectancy described in Section 7.3.3 does not apply to this form of distribution.................37 (c)
Sample 1
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FIXED INSTALLMENTS. If distributions are in the form of installments payable over a fixed period, the amount of the distribution required to be made for each calendar year (the "distribution year") shall be determined by dividing the amount of the Vested Total Account as of the last Valuation Date in the calendar year immediately preceding the distribution year (such preceding calendar year being the "valuation year") by the number of remaining installment payments to be made (including the distribution being determined). The amount of the Vested Total Account as of such Valuation Date shall be increased by the amount of any contributions and forfeitures allocated to the Vested Total Account during the valuation year and after such Valuation Date (including contributions and forfeitures, if any, made after the end of the valuation year which are allocated as of dates in the valuation year). The amount of the Vested Total Account shall be decreased by the amount of any distributions made in the valuation year and after such Valuation Date.
Sample 1

Related to FIXED INSTALLMENTS

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Scheduled Principal Payments The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

  • Monthly Base Rent On each Due Date, each Lessee shall pay to the Lessor the Monthly Base Rents that have accrued during the Related Month with respect to all Vehicles that were leased by such Lessee under this Operating Lease on any day during the Related Month;

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Payment Dates Interest accrued on each Loan shall be payable, without duplication:

  • Amount of repayment instalments The Borrower shall repay the Loan by:

  • Duration of Interest Periods for repayment instalments In respect of an amount due to be repaid under Clause 8 on a particular Repayment Date, an Interest Period shall end on that Repayment Date.

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

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