Payments of a Specified Amount Sample Clauses

Payments of a Specified Amount. Option H is equal income installments of a specified amount, paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. [27] Option I is a variable payout annuity payable while the Annuitant is living or, if later, for ten years. If the Beneficiary of any death benefits payable under this contract elects this payment option, the period certain will equal the shorter of 10 years and the life expectancy of such Beneficiary. Option J - Joint Survivorship Variable Life Annuity with 10-Year Period Certain A variable payout annuity payable while either the Annuitant or Joint Annuitant is living, or if later, the end of 10 years. You must designate the Joint Annuitant at the time you elect this option. The Joint Annuitant must be at least Age 40 on the first Payment Calculation Date. This option is not available for the payment of any death benefit under this contract. Option K - Variable Annuity for Specified Period Option K is a variable payout annuity payable over a specified period of time. Payments continue whether the Annuitant lives or dies. The specified period must be in whole numbers of years from 5 to 30, but cannot be greater than 100 minus the Age of the Annuitant. However, if the Beneficiary of any death benefits payable under this contract elects this payment option, the period selected by the Beneficiary may not extend beyond the life expectancy of such Beneficiary. This option also provides for unscheduled withdrawals. An unscheduled withdrawal will reduce the number of Annuity Units in each Investment Option and will affect and reduce the amount of future payments. Scheduled payments do not reduce the number of Annuity Units. Option M - Unit Refund Variable Life Annuity Option M provides variable payments as long as the Annuitant lives. In the event of the death of the Annuitant, the monthly payments will stop and the Beneficiary will receive a lump sum payment equal to the value of the remaining Annuity Units. This value is equal to the sum of the number of remaining Annuity Units for each Investment Option multiplied by the current Annuity Unit Value for that Investment Option. The number of remaining Annuity Units for each Investment Option will be calculated as follows:
Sample 1
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Payments of a Specified Amount. Equal income installments of a specified amount are paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. This contract is provided for information purposes only. Contract terms and values may vary significantly from this specimen copy based on the state where the contract is issued. This OthcoernOtrapctitomnsay not be available in your state. We may offer other payment options or alternative versions of the options listed above. SAMPLE This contract is provided for information purposes only. Contract terms and values may vary significantly from this specimen copy based on the state where the contract is issued. This contract may not be available in your state.
Sample 1
Payments of a Specified Amount. Equal income installments of a specified amount are paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Other Options We may offer other payment options or alternative versions of the options listed above.
Sample 1
Payments of a Specified Amount. Equal income installments of a specified amount are paid until the principal sum remaining under this option from t he amount applied is less than the amount of the installment. When that h appens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Other Options We may offer other payment options or alternative versions of the options listed above. SAMPLE Life Annuity with Specified Period Certain Non-Refund Life Annuity Installment Refund Life Annuity Age Male Female Non- Refund Life Life Annuity with Specified Period Certain Installment Refund Life Non- Refund Life Life Annuity with Specified Period Certain Installment Refund Life 5-Year 10-Year 20-Year 5-Year 10-Year 20-Year 40 $2.90 $2.90 $2.89 $2.89 $2.85 $2.79 $2.79 $2.79 $2.78 $2.76 45 3.05 3.05 3.05 3.03 2.99 2.92 2.92 2.92 2.91 2.88 50 3.24 3.24 3.24 3.21 3.15 3.08 3.08 3.08 3.06 3.02 55 3.49 3.48 3.47 3.42 3.35 3.28 3.28 3.28 3.25 3.20 60 3.79 3.79 3.76 3.67 3.58 3.54 3.54 3.53 3.48 3.41 65 4.18 4.17 4.13 3.97 3.87 3.87 3.87 3.85 3.76 3.68 70 4.69 4.67 4.61 4.30 4.24 4.31 4.30 4.26 4.09 4.01 75 5.40 5.36 5.21 4.63 4.68 4.90 4.88 4.81 4.45 4.44 80 6.38 6.28 5.97 4.92 5.24 5.73 5.68 5.51 4.80 4.98 85 7.73 7.49 6.82 5.12 5.93 6.94 6.81 6.41 5.07 5.67 90 9.61 9.04 7.70 5.22 6.78 8.73 8.38 7.42 5.21 6.55 Joint and Survivorship Life Annuity – 100% to Survivor Female Age Male Age 40 45 50 55 60 65 70 75 80 85 90 40 $2.65 $2.69 $2.72 $2.74 $2.75 $2.76 $2.77 $2.78 $2 .78 $2.7 8 $2.79 45 2.71 2.76 2.80 2.84 2.86 2.88 2.89 2.90 2.9 1 2.91 2.92 50 2.75 2.82 2.89 2.94 2.98 3.01 3.04 3.05 3.0 6 3.07 3.07 55 2.79 2.88 2.97 3.05 3.11 3.16 3.20 3.23 3.2 5 3.26 3.27 60 2.82 2.93 3.04 3.15 3.24 3.33 3.40 3.45 3.4 8 3.51 3.52 65 2.84 2.96 3.09 3.23 3.37 3.50 3.61 3.70 3.7 6 3.80 3.83 70 2.86 2.99 3.14 3.31 3.49 3.66 3.83 3.98 4.0 9 4.18 4.23 75 2.87 3.01 3.18 3.37 3.58 3.81 4.05 4.28 4.4 8 4.63 4.74 80 2.88 3.03 3.20 3.41 3.65 3.93 4.25 4.58 4.8 9 5.17 5.38 85 2.89 3.04 3.22 3.44 3.70 4.03 4.41 4.84 5.3 1 5.76 6.15 90 2.89 3.04 3.23 3.46 3.74 4.09 4.52 5.05 5.6 7 6.34 6.99 Joint Survivor Life Annuity with 10 Year Period Certain – 100% to Survivor Female Age Male Age 40 45 50 55 60 65 70 75 80 85 90 40 $2.65 $2.69 $2.72 $2.74 $2.75 $2.76 $2.77 $2.78 $2.78 $2.78 $2.79 45 2.71 2.76 2.80 2.84 2.86 2.88 2.89 2.90 2.91 2.91 2.91 50 2.75 2.82 2.89 2.94 2.98 3.01 3.04 3.05 3.06 3.07 3.07 55 2.79 2.88 2.97 3.04 3.11 3.16 3.20 3.23 3.25...
Sample 1
Payments of a Specified Amount. The dollar amount of each payment is elected. The dollar amount may not be changed and must meet the minimum distribution requirements. Based on the amount elected, the duration of the payments may vary.
Sample 1
Payments of a Specified Amount. Option H is equal income installments of a specified amount, paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Option I - Variable Life Annuity with 10-Year Period Certain Option I is a variable payout annuity payable monthly while the Annuitant is living or, if later, for ten years. If the Beneficiary of any death benefits payable under this contract elects this payment option, the period certain will equal the shorter of 10 years and the life expectancy of such Beneficiary. Option J - Joint Survivorship Variable Life Annuity with 10-Year Period Certain A variable payout annuity payable monthly while either the Annuitant or Joint Annuitant is living, or if later, the end of 10 years. You must designate the Joint Annuitant at the time you elect this option. The Joint Annuitant must be at least Age 40 on the first Payment Calculation Date. This option is not available for the payment of any death benefit under this contract.
Sample 1

Related to Payments of a Specified Amount

  • Payments of Post-Closing Adjustment Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account(s) as is directed by Buyer or Sellers, as the case may be.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Earn-Out Payments (i) Promptly, but in any event within five (5) Business Days, after the Escrow Agent’s receipt of joint written instructions (“Earn-Out Payment Instructions”) from the DT Representative (on behalf of Purchaser) and the Seller Representative that for any Earn-Out Year there has been a final determination in accordance with Section 2.2 of the Share Exchange Agreement (but subject to Sections 2.4 and 2.5 of the Share Exchange Agreement) with respect to the Earn-Out Payment for such Earn-Out Year or the Alternative Earn-Out Payment (the date that the Escrow Agent receives Earn-Out Payment Instructions with respect to any Earn-Out Year, an “Earn-Out Release Date”), the Escrow Agent shall distribute Escrow Property from the Escrow Account in accordance with such Earn-Out Payment Instructions (A) to the Sellers in an amount equal to the Earn-Out Payment (excluding for the avoidance of doubt, the amount of any Accrued Dividends payable by the Purchaser separate from the Escrow Account) less the sum of (I) the Reserved Amount (as defined below) as of the date of such payment, and (II) the amount of any Indemnification Claims that have been paid from the Escrow Account prior to such time but have not previously been used to reduce the amount of any prior Earn-Out Payment (but net of any prior Earn-Out Payments that have not yet been paid and are still being retained in the Escrow Account as of such time for Indemnification Claims that are still Pending Claims as of such time), up to a maximum amount equal to such Earn-Out Payment, and (B), after the last Earn-Out Year only, to Purchaser any portion of any Earn-Out Payments that were not earned by the Sellers in accordance with the Share Exchange Agreement. For the determination of the Escrow Shares to be withheld for the Reserved Amount, the Escrow Shares shall be valued at the Purchaser Share Price as of the applicable Earn-Out Release Date.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2018-2) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

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