ALTERNATE WITHDRAWAL CHARGE RIDER definition

ALTERNATE WITHDRAWAL CHARGE RIDER. For a Contract sold with an Alternate Withdrawal Charge Rider, the commission and asset-based commission schedules set forth above do not apply. The following commission and asset-based commission schedules will apply in lieu of those set forth above if an Alternate Withdrawal Charge Rider is in effect. The following commission rates are applicable based upon the Alternate Withdrawal Charge Rider selected. The amount of commission and asset-based commission varies based upon the Duration set forth below, which is measured from the Contract Date. ----------------------- ------------------------------- -------------- ---------------- ALTERNATE WITHDRAWAL UP FRONT ASSET-BASED CHARGE RIDER DURATION COMMISSION* COMMISSION** ----------------------- ------------------------------- -------------- ---------------- 0 - year 0 - 12 months 2.00% 0 bps ----------------------- ------------------------------- -------------- ---------------- 13 months and thereafter 0.00% 100 bps ----------------------- ------------------------------- -------------- ---------------- 3 - years 0 - 12 months 3.00% 0 bps ----------------------- ------------------------------- -------------- ---------------- 13 - 24 months 2.00% 25 bps ----------------------- ------------------------------- -------------- ---------------- 25 - 36 months 1.00% 25 bps ----------------------- ------------------------------- -------------- ---------------- 37 months and thereafter 0.00% 100 bps ----------------------- ------------------------------- -------------- ---------------- * The commission is equal to the applicable percentage of each Purchase Payment written by Marketing Organization based upon the applicable Alternate Withdrawal Charge Rider in effect. ** The amount of the monthly asset-based commission is equal to 1/12 of the applicable percentage set forth in the table above times the aggregate Contract Value of those Contracts sold under the applicable Alternate Withdrawal Charge Rider for which Marketing Organization is the broker of record.
Sample 1
ALTERNATE WITHDRAWAL CHARGE RIDER. For a Contract sold with a CDSC Rider (also referred to as an "Alternate Withdrawal Charge Rider"), the commission and asset-based commission schedules set forth above do not apply. The following commission schedules will apply in lieu of those set forth above if a CDSC Rider is in effect. The following commission rates are applicable based upon the CDSC Rider selected and the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person). You may select one of Commission Options A or B as shown in the table below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SBL WILL PAY YOU PURSUANT TO OPTION B. You may select a different option for each Contract but may not change the Option in effect after the Contract is issued. THE COMMISSION SCHEDULES FOR THE 0 YEAR AND 4 YEAR CDSC RIDERS AS SET FORTH BELOW APPLY ONLY TO CONTRACTS ISSUED WITH A 0 YEAR OR 4 YEAR CDSC RIDER ON OR AFTER JANUARY 1, 2005. FOR CONTRACTS ISSUED WITH A 0 YEAR OR 4 YEAR CDSC RIDER PRIOR TO JANUARY 1, 2005, THE COMMISSION SCHEDULE IN EFFECT ON THE CONTRACT'S DATE OF ISSUE WILL APPLY IN LIEU OF THE SCHEDULES SET FORTH ABOVE.
Sample 1Sample 2
ALTERNATE WITHDRAWAL CHARGE RIDER. For a Contract sold with a CDSC Rider (also referred to as an "Alternate Withdrawal Charge Rider"), the commission and asset-based commission schedules set forth above do not apply. The following commission schedules will apply in lieu of those set forth above if a CDSC Rider is in effect. The following commission rates are applicable based upon the CDSC Rider selected and the issue age of the Owner (or of the Annuitant if the Contract is owned by a non-natural person). You may select one of Commission Options A or B as shown in the tables below at the time of application for each Contract. IF NO SELECTION IS MADE ON THE APPLICATION, SBL WILL PAY YOU PURSUANT TO OPTION B. You may select only Option A or Option B for each Contract issued with a CDSC Rider but may not change the Option in effect after the Contract is issued. THE COMMISSION SCHEDULES FOR THE 0 YEAR AND 4 YEAR CDSC RIDERS AS SET FORTH BELOW APPLY ONLY TO CONTRACTS ISSUED WITH A 0 YEAR OR 4 YEAR CDSC RIDER ON OR AFTER SEPTEMBER 1, 2005. FOR CONTRACTS ISSUED WITH A 0 YEAR OR 4 YEAR CDSC RIDER PRIOR TO SEPTEMBER 1, 2005, THE COMMISSION SCHEDULE IN EFFECT ON THE CONTRACT'S DATE OF ISSUE WILL APPLY IN LIEU OF THE SCHEDULES SET FORTH BELOW.
Sample 1

More Definitions of ALTERNATE WITHDRAWAL CHARGE RIDER

ALTERNATE WITHDRAWAL CHARGE RIDER. For a Contract sold with an Alternate Withdrawal Charge Rider, the commission and asset-based commission schedules set forth above do not apply. The following commission and asset-based commission schedule will apply in lieu of those set forth above if an Alternate Withdrawal Charge Rider is in effect. ----------------------------------------------------- ALTERNATE WITHDRAWAL UP FRONT ASSET-BASED CHARGE RIDER COMMISSION* COMMISSION** ----------------------------------------------------- 0 - year 0.00% 100 bps ----------------------------------------------------- *The commission is equal to the applicable percentage of each Purchase Payment written by Marketing Organization based upon the applicable Alternate Withdrawal Charge Rider in effect. **The amount of the asset-based commission is equal to 1/12 of the applicable percentage set forth in the table above times the aggregate Contract Value of those Contracts sold under the applicable Alternate Withdrawal Charge Rider for which Marketing Organization is the broker of record.
Sample 1

Related to ALTERNATE WITHDRAWAL CHARGE RIDER

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to Section 4.8, where the percentage varies by the Participant Account Year in which the withdrawal is made. The first Participant Account Year begins on the date when AUL establishes a Participant Account and credits the initial Contribution for the Participant, and ends on the day immediately preceding the next anniversary of such date. Each Participant Account Year thereafter begins on such an anniversary date and ends on the day immediately preceding the next succeeding anniversary date. The Withdrawal Charge percentage is as follows: During Withdrawal Charge Participant Account Years Percentage However, for any Participant who also participates in AUL Series III group annuity contract GA XX,XXX, the initial Withdrawal Charge percentage under this contract shall be equal to the Withdrawal Charge percentage applicable to the Participant under the AUL Series I group annuity contract from which funds have been transferred to such Series III contract, determined by AUL immediately prior to the date of such transfer, rounded down to the next whole Withdrawal Charge percentage if the Withdrawal Charge percentage under such Series I contract is a fractional Withdrawal Charge percentage. However, the Withdrawal Charge percentage under this paragraph shall never be greater than 8%. The Withdrawal Charge percentage shall be decreased by 1% for each subsequent Participant Account Year until the Withdrawal Charge percentage equals 4%. (However, if the applicable Series I contract Withdrawal Charge percentage is less than 4%, it shall be rounded up to 4% in this contract.) This 4% Withdrawal Charge percentage shall be in effect during the next 6 consecutive Participant Account Years. Thereafter, the Withdrawal Charge percentage shall be reduced to 0%. In no event will the cumulative total of all Withdrawal Charges, including those previously assessed against any amount withdrawn from a Participant Account, exceed 9% of total Contributions allocated to that Participant Account.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Final Withdrawal Date Has the meaning specified in the Escrow Agreement.

  • Withdrawal Period has the meaning specified in Section 10.23(b).

  • Withdrawal certificate means a document known as a withdrawal of a certificate of noncompliance provided by the child support unit certifying that the certificate is withdrawn and that the board may proceed with issuance, reinstatement, or renewal of a license.

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.

  • Single Withdrawal Tranche means the amount of the Loan allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Final Withdrawal Notice Has the meaning specified in Section 5.02 of this Trust Supplement.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.02(d) hereof, plus interest on the Overcollateralization Amount accrued during the Interest Accrual Period related to that Distribution Date.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Withdrawal value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from GRA III NBR/GAA III NBR -- Series I) (original GRA I NBR/GAA I NBR -- Series I) P-14020(SBR)(MBR)(NBR)conv.6

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Monthly Excess Interest As to any Distribution Date, the sum of (A) the Interest Remittance Amount remaining after the application of payments pursuant to clauses A. through D. of Section 4.02(b)(i) plus (B) the Principal Payment Amount remaining after the application of payments pursuant to clauses A. through E. of Section 4.02(b)(ii) or (iii).

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Servicer Remittance Date With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.