Deposit Year definition

Deposit Year means the twelve month period selected by you.
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Deposit Year for any deposit, for the first year, is measured from the date we receive it in our designated office and continues until the last day of the month in which the-anniversary of such receipt occurs. Each new deposit year begins on the first day of the next month (this works much like contract years, except that deposit years are determined separately for each deposit).
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Deposit Year means the period (not to exceed 12 months) selected for the crediting of interest to Guaranteed Interest Investments established under this contract, as shown on the Schedule. EMPLOYER means the corporation(s) or firm(s) named as employer in the Plan and any successor by change of name, merger, purchase of stock, or purchase of assets.
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Examples of Deposit Year in a sentence

  • If the total of the estimated payments made by Tenant during the Deposit Year are less than Tenant's obligation under this Lease for Operating Costs for the Deposit Year, then Tenant, within thirty (30) days of the billing therefor, shall pay the deficiency to Landlord.

  • On or before the first day of each month during such Deposit Year, Tenant shall pay to Landlord one-twelfth of Tenant's Proportionate share of the estimated amount.

  • If the first Deposit Year is less than twelve months, the recordkeeping charge will be adjusted so that the full amount of the annual charge per Plan Participant will be assessed during the Deposit Year.

  • Beginning on the Commencement Date, Landlord shall supply Tenant with written notice of Landlord's estimate of the Operating Expenses that will be incurred or accrued during the current calendar year (the "Deposit Year").

  • If the total of the Tenant's estimated payments for the Deposit Year exceed Tenant's obligation for excess Operating Costs for such year, then the surplus shall be handled in the manner provided in the last sentence of Section 5.02(c).

  • Beginning on the Commencement Date, Landlord shall supply ------- Tenant with written notice of Landlord's estimate of the Operating Expenses that will be incurred or accrued during the current calendar year (the "Deposit Year").

  • On or before the first day of each month during such Deposit Year, Tenant shall pay to Landlord one-twelfth of Tenant's Proportional Share of the estimated amount.

  • The charge described in this Section will not apply to aggregate payments made in any Deposit Year under the Flexible Income Option described in Article IVA, Section 2 that do not exceed the greater of (i) the minimum annual amount determined in accordance with the minimum distribution rules of the Internal Revenue Code, or (ii) 10% of the aggregate value of the Investment Accounts which correlate to a Plan Participant determined as of the last Valuation Date in the preceding Deposit Year.

  • If the total of the Tenant's estimated payments for the Deposit Year exceed Tenant's obligation for excess Operating Costs for such year, then the surplus shall be handled in the manner provided in the second to last sentence of Section 5.2(c).

  • Commencing with the first calendar month of this Lease, Tenant shall pay to Landlord on the first day of each calendar month until the next upward adjustment date (which period between adjustment dates is herein called a "Tax Deposit Year") one-twelfth of Tenant's Proportional Share of the estimated amount of the Taxes.

Related to Deposit Year

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Deposit Period A calendar week, a calendar month, a calendar quarter, or any other period of time specified by Aetna during which the Net Purchase Payment and Reinvestments are accepted into the AMG Account for one or more Guaranteed Periods. Aetna reserves the right to extend the Deposit Period.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Initial Reserve Account Deposit Amount means an amount equal to $31,638,418.