Base Face Amount definition

Base Face Amount means, as of the Issue Date and as of a date of determination at any time prior to the closing of a Qualified Tender Offer, the Face Amount on the Issue Date.
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Base Face Amount means, as of the Issue Date and as of a date of determination at any time prior to the closing of a Qualified Tender Offer, the Face Amount on the Issue Date. Upon the closing of a Qualified Tender Offer, the Base Face Amount shall be set equal to the Face Amount outstanding upon the closing of such Qualified Tender Offer.
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Base Face Amount. The Base Face Amount of insurance shown on the Policy Data Page, or as subsequently changed.
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Examples of Base Face Amount in a sentence

  • We will not permit a change which would decrease the Base Face Amount below the minimum amount shown on the Policy Data Page.

  • The Trustee shall purchase from The Northwestern Mutual Life Insurance Company (the "Insurance Company") a Survivor Joint Life policy of insurance with the face amount of $7,500,000 (the "Base Face Amount"), the proceeds of which will be payable upon the death of the second to die of Rosskamm and ▇▇▇▇▇▇▇ (the "Policy").

  • If you did not request the Base Face Amount and/or Supplemental Face Amount increase or if evidence of insurability was not required, we will not contest the increase.

  • An increase in the Base Face Amount will generate its own Face Amount Charge and Surrender Charge schedule.

  • For increases in the either the Base Face Amount and/or Supplemental Face Amount, we will not contest the increase for two (2) years from the effective date of the increase.

  • When changing a Death Benefit Option results in an increase in Total Face Amount, the initial Base Face Amount will be increased by the amount of the increase to the Total Face Amount.

  • The Trustee shall purchase from New York Life Insurance Company (the "Insurance Company") a Survivor Joint Life policy of insurance with the face amount of $2,500,000 (the "Base Face Amount"), the proceeds of which will be payable upon the death of the second to die of Rosskamm and Barbara (the "Policy").

  • Therefore, decreases will reduce Supplemental Face Amount before reducing Base Face Amount which was issued on the same date.

  • Increase the Face Amount of Insurance - You may request an increase of the Base Face Amount and/or the Supplemental Face Amount at any time after the date specified on the Policy Data Page, by providing a proper written application and evidence of insurability satisfactory to us.

  • You have the option to increase the Base Face Amount of insurance under the policy without evidence of insurability or change in premium class.