Certificate Value definition

Certificate Value means the aggregate of payments by a certificate holder on shares evidenced by such certificate, plus dividends credited thereto, less withdrawals thereon.
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Certificate Value. The sum of the Certificate Owner's interest in the Sub-accounts of the Variable Account and the Fixed Account during the Accumulation Period.
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Certificate Value means an amount determined by the Calculation Agent in accordance with the formula specified as such in the definition of the relevant Series in the applicable Final Terms, less Expenses, provided that the Certificate Value shall not be less than zero. The Certificate Value shall be rounded to the nearest two decimal places in the Settlement Currency, 0.005 being rounded downwards;
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Examples of Certificate Value in a sentence

  • The Issuer shall pay or cause to be paid the Certificate Value (if any) for each Security with respect to which a Notice has been delivered to the account specified in the relevant Notice for value on the Settlement Date.

  • In the absence of gross negligence or wilful misconduct on its part, none of the Issuer, the Calculation Agent and any Agent shall have any responsibility for any errors or omissions in the calculation of any Certificate Value.

  • During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable.

  • On or before the Annuity Date and while the Participant is living, You may withdraw all or part of Your Certificate Value under this Certificate by informing Us at Our Annuity Service Center.

  • The dollar amount of the first Variable Annuity payment for each $1,000 of Adjusted Certificate Value is shown in the Annuity Tables.


More Definitions of Certificate Value

Certificate Value. The dollar value as of any Valuation Period of all amounts in a Certificate Owner's Account.
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Certificate Value means the marked to market value of the Certificate immediately prior to the occurrence of the Credit Event expressed as a percentage of the Notional Amount of the Collateral Security Credit Certificate as determined by the Calculation Agent in its sole discretion and, in respect of such determination, that the Calculation Agent shall ignore the credit-linked component and credit linked provisions of the Collateral Security Credit Certificate for the purposes of such valuation.
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Certificate Value means an amount determined by the Calculation Agent in accordance with the following formula, less Expenses:CVt = [CLUt − CAt ]× CE where: CVt = Certificate Value on Trading Day t CLUt = Final Reference Price on Trading Day t CAt = Cash Amount on Trading Day tCE = Entitlement provided that the Certificate Value shall not be less than zero. The Certificate Value shall be rounded to the nearest two decimal places in the Settlement Currency, 0.005 being rounded downwards;
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Certificate Value means an amount determined by the Calculation Agent on each Trading Day after the Launch Date at the Valuation Time in accordance with the following formula:CVt =where:UVt − CA(t)CVt = Certificate Value on Trading Day tUVt = Closing level of the Underlying Value on Trading Day t CAt= Cash Amount on Trading Day t;The Certificate Value shall be rounded to the nearest two decimal places in the Settlement Currency, 0.005 being rounded downwards;
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Certificate Value means the sum of a Certificate Owner's values in each Division of the Separate Account and in each Fixed Account option.
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Certificate Value means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, an amount determined by the Calculation Agent in accordance with the following formula:CV (t) = [RASL(t) + CA(t)]× CE Where: CV(t) = Certificate Value on Trading Day t; RASL(t) = Reference Asset Spread Level on Trading Day t; CA (t) = Daily Cash Amount on Trading Day t; andCE = Entitlement; provided that the Certificate Value shall not be less than zero;
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Certificate Value is equal to the sum of: - the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus - the sum of Sub-account values in the Fixed Account.
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