Contract Maintenance Fee definition

Contract Maintenance Fee means the fee the GLO charges per MMBtu delivered in accordance with 31 Texas Administrative Code §3.31.
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Contract Maintenance Fee. The Contract Maintenance Fee is shown on the Contract Specifications page. It is deducted prior to the Annuity Commencement Date on each Contract Anniversary, and on any day that the Contract is surrendered, if the surrender occurs on any day other than the Contract Anniversary. The Contract Maintenance Fee will be deducted from the Allocation Options in the same proportion as their values are to the Contract Value. The Contract Maintenance Fee will be waived by the Company in the event the Contract Value or the aggregate Purchase Payments reduced by surrenders, withdrawals and associated surrender charges equals or exceeds $50,000 on the date the Contract Maintenance Fee is to be deducted. TRANSFERS Prior to the Annuity Commencement Date, you may, in a form acceptable to us, instruct us to transfer amounts among the Allocation Options. You must transfer at least $100, or if less, the entire amount in the Allocation Option each time you make a transfer. If after the transfer, the amount remaining in any of the Allocation Options from which the transfer is made is less than $100 we reserve the right to transfer the entire amount instead of the requested amount. We also reserve the right to limit the number of transfers to no more than 12 per year. For each additional transfer over 12 during each Contract Year, we may charge a Transfer Fee which is indicated on the Contract Specifications page. The Transfer Fee, if any, will be deducted from the amount being transferred. Transfers involving a Guaranteed Account are subject to additional restrictions. The maximum amount which may be transferred from the Fixed Account in any Contract Year is the greater of (a) $2,500; or (b) 25% of the Fixed Account Value. Transfers into the DCA Fixed Account are not permitted. The DCA Fixed Account is available only for dollar cost averaging, which is a systematic transfer of funds. Any Purchase Payment allocated to the DCA Fixed Account must include instructions regarding the amount and frequency of the dollar cost averaging transfers, and the Allocation Option(s) into which the transfers are to be made. If, for any reason, transfers from the DCA Fixed Account are terminated, we will transfer any amount remaining in the DCA Fixed Account into the Fixed Account unless you have otherwise instructed us how to allocate the remaining amount. SURRENDERS
Sample 1
Contract Maintenance Fee. {$30} The contract maintenance fee is deducted prior to the Annuity Commencement Date on each Contract Anniversary, and on any day that the Contract is surrendered other than the Contract Anniversary. The contract maintenance fee will be deducted from the Allocation Options in the same proportion as their values are to the Contract Value. The contract maintenance fee will be waived by the Company in the event the Contract Value or the aggregate Purchase Payments reduced by surrenders equals or exceeds $50,000 on the date the contract maintenance fee is to be deducted.
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Examples of Contract Maintenance Fee in a sentence

  • For any month during the term of this Contract for which Exhibit A pricing is not in effect, all natural gas supplied to Receiving Agency will be sold per MMBtu at a price equal to the total sum of: the greater of (i) the first of the month Index Price for the month of flow times 120% or (ii) the average of the Gas Daily Price relative to the referenced Index Price for the month of flow times 120%, plus (a) the Contract Maintenance Fee, and (b) the System Operating Expenses.


More Definitions of Contract Maintenance Fee

Contract Maintenance Fee. [The contract maintenance fee is $30 each Contract Year. The Company reserves the right to change the contract maintenance fee but the fee will never exceed $60 per Contract Year. During the Accumulation Period, if the Contract Value on the Contract Anniversary is at least $50,000, the contract maintenance fee will be waived. During the Accumulation Period, if a full withdrawal is made on other than a Contract Anniversary and the Contract Value for the Business Day during which the full withdrawal is made is less than $50,000, the full contract maintenance fee will be deducted at the time of full withdrawal. If, at annuitization, the Annuity Date is not the Contract Anniversary and the Contract Value on the Annuity Date is less than $50,000, then the full contract maintenance fee will be deducted on the Annuity Date. During the Annuity Period, all contract maintenance fees will be waived.]
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Related to Contract Maintenance Fee

  • Maintenance Fee means any fee, obligation, or

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6;

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Maintenance and Support Services means the services provided by Contractor under Appendix F.

  • Service Fees means all fees payable by Party B to Party A pursuant to Article 3 of this Agreement in respect of the Services provided by Party A.

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Annual Service Charge for any period means the aggregate interest expense for the period in respect of, and the amortization during the period of any original issue discount of, Indebtedness of the Company and its Subsidiaries and the amount of dividends which are payable during the period in respect of any Disqualified Stock.

  • Service Fee means a fee charged by us to you for the administration of your credit facility.

  • Routine maintenance means actions performed on a regular or controllable basis or in response to uncontrollable events upon a highway, road, street, or bridge. Routine maintenance includes, but is not limited to, 1 or more of the following:

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.