zero. Earnings is defined in the Withdrawal Charge provision of this Contract. The Free Withdrawal can be taken as a single withdrawal or multiple withdrawals throughout the Contract Year. The amount of Your Free Withdrawal available will vary throughout the Contract Year depending on previous withdrawals of Your Free Withdrawal amount, previous withdrawals of earnings, and the amount of earnings present at the time of the withdrawal. The amount of Your Free Withdrawal available may reduce due to withdrawals during the Contract Year. Any amount withdrawn to satisfy an RMD may reduce the amount of Your Free Withdrawal available. Free Withdrawals are subject to the provisions of Partial Withdrawals and Total Withdrawals. Amounts withdrawn under the Free Withdrawal provision reduce the Contract Value and may reduce Remaining Premium. Withdrawals during the Contract Year in excess of the Free Withdrawal may be subject to any applicable Withdrawal Charges.
zero. XXX xxxther covenants and agrees that it shall adhere to any and all covenants and restrictions in connection with the Contributed Shares, and that it shall hold the Contributed Shares as required under Rule 144.
zero. XXX'X XGREEMENT TO COMPLY WITH ALL APPLICABLE LAWS AND RESTRICTIONS. ZERO.XXX xxxenants that
zero. If by 5:00 p.m. (New York City time) on the second (2nd) U.S. Government Securities Business Day immediately following any SOFR Determination Date, SOFR in respect of such SOFR Determination Date has not been published on the SOFR Administrator’s Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Date will be SOFR as published in respect of the first preceding U.S. Government Securities Business Day for which such SOFR was published on the SOFR Administrator’s Website.
zero. (2) For the purposes of subsection (1) (a), the authority’s consolidated net income must be adjusted as follows:
zero. MGAB BASE --------- If this Rider is effective as of the Contract Date, the initial MGAB Base is the initial premium [plus any Credits]. If this Rider is added to the Contract after the Contract Date, the initial MGAB Base is equal to the Accumulation Value on the Rider Date. Thereafter, the MGAB Base is increased by Eligible Premiums paid, [plus any Credits], adjusted for any Partial Withdrawals and transfers, and accumulated at the MGAB Rate shown in the Contract Schedule. Eligible Premiums are shown in the Schedule. APPLYING THE MGAB ----------------- On the Benefit Date the MGAB is calculated and added to the Accumulation Value. Allocation of the benefit to the divisions of the Variable Separate Account is done proportionately based on the amount of Accumulation Value invested in each division on the date the MGAB is applied. Once the MGAB has been applied, the Contract's Accumulation Value will reflect the MGAB and it shall be subject to all rights available to you. The benefit is not treated as premium in the determination of any Contract or Rider benefits, and you will receive no credit for any amount of the MGAB so applied. MGAB WAITING PERIOD ------------------- The Waiting Period is the period from the Rider Date to the Benefit Date. During the Waiting Period, Rider Charges apply. This Rider may not be cancelled during the Waiting Period, except as provided in this Rider. MGAB CHARGES ------------ Charges for this Rider will be deducted in arrears from the Contract's Accumulation Value allocated to the Variable Separate Account in proportion to the Accumulation Value in each Division. The rate and frequency of deduction of charges are stated in the Contract Schedule. Deduction dates are measured from the Contract Date. The charge is a percentage of the MGAB Charge Base, as of the deduction date. The maximum charge is stated in the Contract Schedule but we may charge less than the maximum. No charges will be deducted after the Benefit Date. If the Contract to which the Rider is attached is terminated by surrender, cancellation or application of the Contract's value to an Income Benefit, the Rider charge for the current period will be deducted from the Accumulation Value as described above prior to termination of the Contract. Charges will be calculated using the MGAB Charge Base immediately prior to termination. RLNY-RA-2024 MGAB CHARGE BASE ---------------- The MGAB Charge Base is equal to the initial MGAB Base, plus Eligible Premiums paid, [plus...
zero. 2. If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year exceeds the greater of the GAWA or the RMD, the excess withdrawal is defined to be the lesser of the total amount of the current partial withdrawal or the amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, and the GWB is equal to the greater of:
zero. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or such LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate, or such LIBO Rate, as the case may be.
zero. Any reinstatement of the Suspended Covenant as described in the foregoing sentence shall not preclude the subsequent suspension of the Reinstated Covenant and reinstatement of the Suspended Covenant in accordance with the terms of this paragraph.
zero. Each definition of an agreement in this Article 1 shall include such instrument or agreement as amended, restated, supplemented or otherwise modified from time to time, and except where the context otherwise requires, definitions imparting the singular shall include the plural and vice versa. Except where otherwise specifically restricted, reference to a party to a Loan Document includes that party and its successors and assigns. All terms used herein which are defined in Article 9 of the Uniform Commercial Code in effect in the State of New York on the date hereof and which are not otherwise defined herein shall have the same meanings herein as set forth therein. All accounting terms used herein without definition shall be used as defined under GAAP. Subject to Section 12.6 hereof, all financial calculations hereunder shall, unless otherwise stated, be determined for the Borrower on a consolidated basis with its Restricted Subsidiaries and in conformity with GAAP.
