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.

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.

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;

Examples of Certificate Value in a sentence

• CERTIFICATE VALUE - The sum of the Fixed Account Certificate Value plus the Separate Account Certificate Value plus the Accumulated Guarantee Period Value.

• FIXED ACCOUNT CERTIFICATE VALUE - The value of amounts allocated under the Certificate to the Fixed Account.

• CERTIFICATE VALUE - Premiums are allocated among the various Subaccounts within the Variable Account.

• HOWEVER, IF THE CERTIFICATE VALUE IS GREATER THAN OR EQUAL TO $50,000 ON A CERTIFICATE ANNIVERSARY OR DATE OF SURRENDER, WE WILL NOT ASSESS THE RECORDS MAINTENANCE CHARGE ON THAT CERTIFICATE ANNIVERSARY OR SURRENDER DATE.

• I UNDERSTAND THAT THE CERTIFICATE VALUE FOR THE GROUP FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE CERTIFICATE APPLIED FOR MAY INCREASE OR DECREASE TO REFLECT THE INVESTMENT EXPERIENCE OF THE SUB-ACCOUNTS OF THE ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY VARIABLE ACCOUNT, AND IS NOT GUARANTEED AS TO DOLLAR AMOUNT.

More Definitions of Certificate Value

Certificate Value. The dollar value as of any Valuation Period of all amounts in a Certificate Owner's Account.

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.

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;

Certificate Value means the sum of a Certificate Owner's values in each Division of the Separate Account and in each Fixed Account option.

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;

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;

Certificate Value means an amount determined by the Calculation Agent in accordance with the following formula, less Expenses: