Contract Anniversary Date definition
Contract Anniversary Date means the Customer’s effective date for service under this schedule at the Customer’s service location.
Contract Anniversary Date means each anniversary of the Contract Date unless such anniversary does not occur on a Valuation Date, in which event the Contract Anniversary Date in such year is the next day which is a Valuation Date;
Contract Anniversary Date the last Day of the month in which the Commercial Operation Date occurs and each succeeding anniversary of such Day throughout the Term of this Agreement.
Examples of Contract Anniversary Date in a sentence
Any such changes shall be effected on the Contract Anniversary Date.
Any such changes shall be effected on the Contract Anniversary Date if approved by Bupa in accordance with Bupa's guidelines as determined from time to time.
More Definitions of Contract Anniversary Date
Contract Anniversary Date means the same date in the subsequent calendar year as the Contract Effective Date, stated as such in the Membership Certificate or as stipulated in subsequent endorsement, if any.
Contract Anniversary Date means (i) the renewal date of the Term for Customer’s Products based on the Contract Start Date and length of the Initial Term as further described in Section 10.2, and (ii) with respect to fee increases described in Section 4.6, each successive twelve
Contract Anniversary Date means September 1 of each year after the first year of this contract, regardless of the date of execution or effective date of the contract.
Contract Anniversary Date means the same date in the subsequent calendar year as the Contract Effective Date, stated as such in the Contract Schedule or as stipulated in subsequent endorsement, if any.
Contract Anniversary Date shall also mean "Certificate Anniversary Date". The benefits described in this rider will cease upon termination of the Contract. THE FOLLOWING LANGUAGE IS ADDED UNDER THE [DEDUCTIONS AND CHARGES ]SECTION: ADDITIONAL CHARGE For the additional Death Benefits provided by this Rider, the Company will deduct a charge at an annual maximum rate of 0.15% computed on a quarterly basis of the daily net asset value of the Variable Account. The Company reserves the right to charge less than the maximum rate. THE PARAGRAPH WITHIN THE ["DEATH BENEFIT PAYMENT PROVISIONS"] SECTION OF THE CONTRACT WHICH DEFINES THE VALUE OF THE DEATH BENEFIT IS REPLACED BY THE FOLLOWING: If the Annuitant dies at any time prior to the Annuitization Date, the dollar amount of the Death Benefit will be the greater of: (1) the Contract Value, or (2) the 5% Interest Anniversary Value. The 5% Interest Anniversary Value is equal to the net of Purchase Payments and amounts surrendered, accumulated at 5% simple interest from the date of each payment or surrender to the most recent Contract Anniversary prior to the deceased Annuitant's 86th birthday, less an adjustment for amounts subsequently surrendered, plus Purchase Payments received since that most recent Contract Anniversary. Such total accumulated amount shall not exceed 200% of the net of Purchase Payments and amounts surrendered. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% Interest Anniversary Value in the same proportion that the Contract Value was reduced on the date of the partial surrender. THE FOLLOWING PROVISION IS ADDED AFTER THE ["WITHDRAWALS WITHOUT CHARGES"] SECTION: ADDITIONAL WAIVER OF SURRENDER CHARGES The surrender charge will not apply if the Owner is confined to a Long Term Care Facility or Hospital for a continuous 90 day period commencing on or after the third Contract Anniversary Date. Request for waiver must be received by the Company during the period of confinement or no later than 90 days after the confinement period ends. Also, the surrender charge will not apply if the Owner is diagnosed by a Physician to have a Terminal Illness at any time the Contract is in force. Written notice and proof of Terminal Illness or confinement for 90 days in a Hospital or Long Term Care Facility must be received in a form satisfactory to the Company and recorded at the Home Office prior to the waiver of surrender charges.
Contract Anniversary Date. Means September 1st of each year of this Agreement.
Contract Anniversary Date means the first day of May. By way of illustration, the first contract Anniversary Date shall be May 1, 2001 and the Second Contract Anniversary Date shall be May 1, 2002.