GET Fund Maturity Date definition

GET Fund Maturity Date. The date at which the Guaranteed Period for a series will end and the GET Fund Record Units for that series will be liquidated. Another accumulation option must then be elected. If no such election is made by the GET Fund Maturity Date, the portion of the Current Value based on that GET Fund series will be transferred to the Allocation Period for another series of GET Fund. If no GET Fund Series is available, 50% of the Current Value from that GET Fund series will be transferred to Aetna Variable Fund, a growth and income fund. The remaining 50% of the Current Value will be transferred to Aetna Income Shares, a bond fund. The transfers will be made during the next Valuation Period. Such transfers will not be counted as one of the free transfers. The GET Fund Maturity Date will be specified before the Allocation Period for that series begins. Guarantee: Aetna guarantees that on a series' GET Fund Maturity Date, the value of each GET Fund Record Unit then outstanding in that series will not be less than the value of the Record Unit on the last day of the Allocation Period. Aetna will transfer any amount necessary from its general account to the Separate Account in order to bring that Record Unit Value to the guaranteed level. This Guarantee does not apply to GET Fund Record Unit Values withdrawn or transferred before the GET Fund Maturity Date.
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Examples of GET Fund Maturity Date in a sentence

  • The GET Fund Maturity Date is the date on which the guarantee period ends and GET Fund accumulation units are liquidated.

  • Withdrawals or transfers from a GET Fund series, if available under the Contract, before the Maturity Date will be at the then applicable GET Fund Record Unit Value, which may be more or less than the Record Unit Value guaranteed at the GET Fund Maturity Date.

  • Oral comment received at the November 18, 2021 Board Meeting during the Public Comment period via Webex.

Related to GET Fund Maturity Date

  • Class B Maturity Date means the January 2040 Distribution Date.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Postponed Maturity Date means the tenth Business Day following the originally scheduled Maturity Date;

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Class C Maturity Date is defined in the Indenture.

  • Scheduled Maturity Date means June 30, 2032.

  • Stated Maturity Date has the meaning specified in Section 2.1 hereof.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Expected Maturity Date means June 15, 2021.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Initial Maturity Date means the earlier of (i) February 1, 2020 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

  • Legal Maturity Date means July 15, 2024.

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • Term B Maturity Date means January 31, 2025.

  • Revolving Maturity Date means April 22, 2024 (or, with respect to any Revolving Lender that has extended its Revolving Commitment pursuant to a Permitted Amendment, the extended maturity date, set forth in any such Loan Modification Agreement).

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.