Drawdown Fund definition

Drawdown Fund means any part of a Member's Individual Account that has been designated for the provision of Drawdown in accordance with these Rules. "Drawdown" includes "drawdown pension", "dependants' drawdown pension", "nominees' drawdown pension" and "successors' drawdown pension" as defined in the Finance Act 2004.
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Drawdown Fund means either a capped drawdown pension fund or
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Drawdown Fund means any part of an Individual Fund which is designated as available for the payment of Drawdown in accordance with the Rules or which in the opinion of the Operator should be so designated to reflect:
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Examples of Drawdown Fund in a sentence

  • If a Member or a potential beneficiary has so requested in writing, the Trustee may in its absolute discretion retain a deceased Member's Individual Account (or part of it) in the Scheme as a Drawdown Fund for one or more of the Member's Survivors.

  • Hence, eight years before their target retirement date (or Normal Retirement Date if no target has been specified), members who have opted for the default investment option will have their holdings transferred into a Aviva Pension Mercer Target Drawdown Fund based on the expected date of retirement.

  • The new default investment strategy invests 100% of members’ assets in the Growth Fund (50% Global Equity Fund / 50% Diversified Growth Fund) up to eight years prior to normal or selected retirement age, at which point the assets are gradually switched into a pre-determined allocation of the Drawdown Fund and Cash Fund..

  • By virtue of these relationships, each of MCM, MCM GP and Mr. Mudrick may be deemed to beneficially own the Shares owned directly by Specialty LP, Drawdown LP, Drawdown II LP, Drawdown Fund II SC, 2020 Fund, SIF Fund, Global LP and certain managed accounts.

  • Should COUNTY elect to proceed with this lease and instruct LESSOR to commence permit finalization and construction as recited in Section 26.1.1(a), LESSOR shall be entitled to payment and reimbursement for all costs and expenses incurred during the course of constructing the improvements to the Premises from the Construction Drawdown Fund recited in Exhibit E by submitting draw requests to the COUNTY on a monthly basis in accord with Exhibits C, D and E of this lease.

  • The process for applications to the Economic Growth and Productivity Drawdown Fund are quite stringent and it is running through that process.

  • Drawdown II GP is the general partner of Drawdown II LP and Drawdown Fund II SC and may be deemed to beneficially own the Shares owned directly by Drawdown II LP and Drawdown Fund II SC.

  • The Department receives money through the Federal Letter of Credit Drawdown Fund (Fund 4000) for redistribution to other State agencies.

  • Members who invest in the default lifestyle invest in the Standard Life Press Association Growth Pension Fund, the Standard Life Press Association Transition Pension Fund and the Standard Life Press Association At-Retirement Drawdown Fund.

  • Within this target range, the Manager will aim to maximise the potential annual income from the Age Based Drawdown Fund subject to minimising the chance that the income will fall in any one year.


More Definitions of Drawdown Fund

Drawdown Fund means any part of a Member’s Account which, subject to the Trustees’ agreement,
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Related to Drawdown Fund

  • Drawdown means a drawdown of a Facility.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.

  • Buydown Fund A fund provided by the originator of a Mortgage Loan or another Person with respect to a Buydown Loan which provides an amount sufficient to subsidize regularly scheduled principal and interest payments due on such Buydown Loan for a period. Buydown Funds may be (i) funded at the par values of future payment subsidies, or (ii) funded in an amount less than the par values of future payment subsidies, and determined by discounting such par values in accordance with interest accruing on such amounts, in which event they will be deposited in an account bearing interest. Buydown Funds may be held in a separate Buydown Fund Account or may be held in a Custodial Account for P&I or a Custodial Account for Reserves and monitored by a Servicer.

  • own funds means own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013;

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Advance Date means the funding date of any Advance.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Loan repayment means the cancellation and repayment of loans