Certificate Effective Date definition

Certificate Effective Date means the date on which coverage under a Certificate becomes effective, which shall be the closing date of the loan or such later date that the Insured requests and that we approve, in each case as reflected in our books and records.

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Certificate Effective Date. For a Participant, the date on which his or her interest in this Contract took effect. This date is set out on his or her Certificate Specifications page.

Certificate Effective Date means 12:01 a.m. on the date upon which coverage of a Loan under this Policy begins, as specified in the Certificate.

Examples of Certificate Effective Date in a sentence

Any Claim resulting from a Default existing at the Certificate Effective Date or occurring after lapse or cancellation of a Certificate.
The Borrower will not permit, as of the last day of any fiscal quarter, the ratio of Consolidated Indebtedness for Borrowed Money as of such date to Consolidated Capitalization as of such date to exceed 65%; provided, however, during each period after the occurrence of a Storm Certificate Effective Date until the applicable Other Covenant Trigger Date, the applicable ratio shall be 70%.
Within fifteen (15) days from the Certificate Effective Date, or such other date as the Company and the Insured may agree to in writing, the Insured must forward to the Company the appropriate initial premium.
The Company will have the right to return such late premium payment, but only within sixty (60) days after receipt, in which case coverage of all Loans (including all Loans then in Default) will be cancelled retroactively to the Certificate Effective Date for a late initial premium, or to the last day of the period covered by the previous premium payment for a late renewal premium.
For those Certificate Agreements issued under Qualified Plans, TSAs, or IRAs, if the Annuity Commencement Date is not chosen by the Certificate Owner, the Annuity Commencement Date established on the Certificate Effective Date will be the date on which the Certificate Owner reaches 70 1/2.

More Definitions of Certificate Effective Date

Certificate Effective Date. The date shown on a Participant's Certificate Specifications page.

Certificate Effective Date means: (i) for new Loans, 12:01 a.m. on the Loan Closing Date; (ii) for other Loans, 12:01 a.m. on the date of coverage as indicated in the Certificate; or (iii) a later date you request and we accept. A new Loan is a Loan which was not Closed as of the date you submitted the Insurance Application.

Certificate Effective Date means the date from which the coverage of the Assured Member as specified in the Certificate of Assurance has become effective.

Certificate Effective Date means the date listed on a certificate on which: (a) coverage under a Policy becomes effective for the Certificateholder, and (b) Premium for the Policy is first due.

Certificate Effective Date means, as specified in the Certificate, (a) the closing date of a Loan, or (b) the later date requested by the Insured and accepted by the Company.

Certificate Effective Date. With respect to each Certificate Owner, the first date Purchase Payments are credited on a Certificate Owner's behalf to the Contract. CERTIFICATE OWNER (OWNER) - A person who possesses all rights under the Contract, including the right to designate and change any designations of a Certificate Owner, Contingent Certificate Owner, Annuitant, Contingent Annuitant, Beneficiary, Contingent Beneficiary, Annuity Payment Option, and the Annuity Commencement Date. A Certificate Owner is the person named as owner in the Enrollment Card unless a subsequent change is made. CERTIFICATE YEAR - Each year the Certificate Agreement remains in force commencing with the Certificate Effective Date. CODE - The Internal Revenue Code of 1986, as amended. COMPANY - Nationwide Life Insurance Company. CONSTANT MATURITY TREASURY RATES (CMT RATES) OR CMT RATES(S) - The formula (the MVA Formula) for deriving the MVA Factor is based on Constant Maturity Treasury (CMT) Rates which are published by the Federal Reserve Board on a regular basis. The Company utilizes CMT Rates in its MVA Formula because they represent a readily available and consistently reliable interest rate benchmark in financial markets. CMT Rates for 1, 2, 3, 5, 7 and 10 years are published by the Federal Reserve Board on a regular basis.

Certificate Effective Date means June 12, 2000.