GUARANTEED INTEREST PERIODS definition

GUARANTEED INTEREST PERIODS. The initial interest rate for any Purchase Payment and associated Purchase Payment Credit allocated to the Fixed Account is guaranteed for one year from the date it is credited to Your Contract. Subsequent renewal rates will be guaranteed for a [calendar quarter]. These guarantees do not apply to any dollar cost averaging program offered by Us, or to any other administrative program. TRANSFERS: You may transfer up to [15%] of the Fixed Account value to any of the Funding Options [twice a year during the 30 days following the semi-annual Contract Date anniversary. SEPARATE ACCOUNT: [TLAC SEPARATE ACCOUNT TWELVE FOR VARIABLE ANNUITIES] Information about the Separate Account and the Funding Options is provided in the prospectus for [TLAC Separate Account Twelve for Variable Annuities].
Sample 1
GUARANTEED INTEREST PERIODS. FOR THE FIXED ACCOUNT (IF APPLICABLE): The initial interest rate for any Purchase Payment is declared each month and is guaranteed for twelve months. Each Purchase Payment is placed in a "cell" for accounting purposes. At the end of the twelve month guarantee period, a renewal interest rate will be determined that will not be lower than the minimum interest rate guarantee of 3%. At the end of the initial guarantee period, the first renewal rate will be guaranteed to the end of that calendar year. The second and all future renewal rates will be declared each subsequent January 1 and guaranteed through December 31 of each year.
Sample 1
GUARANTEED INTEREST PERIODS. The initial interest rate for any Purchase Payment allocated to the Fixed Account is guaranteed for one year from the date it is credited to Your Contract. Subsequent renewal rates will be guaranteed for a calendar quarter. These guarantees do not apply to any dollar cost averaging program offered by Us, or to any other administrative program. TRANSFERS: You may transfer up to 15% of the Fixed Account value to any of the Funding Options twice a year during the 30 days following the semi-annual Contract Date anniversary.
Sample 1

Examples of GUARANTEED INTEREST PERIODS in a sentence

  • MINIMUM INITIAL PURCHASE PAYMENT: $5,000 MINIMUM SUBSEQUENT PURCHASE PAYMENT: $500 MAXIMUM PURCHASE PAYMENT WITHOUT OUR APPROVAL: $1,000,000 FIXED ACCOUNT GUARANTEED INTEREST PERIODS: The initial rate for any deposit is guaranteed for one year from date of deposit.

  • GUARANTEED INTEREST PERIODS: The interest rate for the Fixed Account is declared each [calendar quarter] and guaranteed for that [calendar quarter].

  • FIXED ACCOUNT GUARANTEED INTEREST PERIODS: The initial rate for any deposit is guaranteed for one year from date of deposit.


More Definitions of GUARANTEED INTEREST PERIODS

GUARANTEED INTEREST PERIODS. The initial interest rate for any Purchase Payment allocated to the Fixed Account is guaranteed for one year from the date it is credited to Your Contract. Subsequent renewal rates will be guaranteed for a calendar quarter. These guarantees do not apply to any dollar cost averaging program offered by Us, or to any other administrative program. TRANSFERS: You may transfer up to 15% of the Fixed Account value to any of the Funding Options twice a year during the 30 days following the semi-annual Contract Date anniversary. SEPARATE ACCOUNT: TIC SEPARATE ACCOUNT THIRTEEN FOR VARIABLE ANNUITIES Information about the Separate Account and the Funding Options is provided in the prospectus for TIC Separate Account Thirteen for Variable Annuities.
Sample 1
GUARANTEED INTEREST PERIODS. The initial interest rate for any Purchase Payment allocated to the Fixed Account is guaranteed for one year from the date it is credited to Your Contract. Subsequent renewal rates will be guaranteed for a calendar quarter. These guarantees do not apply to any dollar cost averaging program offered by Us, or to any other administrative program. TRANSFERS: You may transfer up to 15% of the Fixed Account value to any of the Funding Options twice a year during the 30 days following the semi-annual Contract Date anniversary. SEPARATE ACCOUNT: TLAC SEPARATE ACCOUNT FOURTEEN FOR VARIABLE ANNUITIES Information about the Separate Account and the Funding Options is provided in the prospectus for TLAC Separate Account Fourteen for Variable Annuities.
Sample 1

Related to GUARANTEED INTEREST PERIODS

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Interest Periods means period(s) of one, three or six months selected by the Borrower or, in the Lenders' discretion, such other period(s) as may be agreed;

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • LIBOR Interest Period means, with respect to a LIBOR Advance, a period of one, two, three or six months (to the extent that periods in excess of three months are generally available from the Lenders), as selected in advance by the Borrower.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Floating Rate Interest Period means each period commencing on the date of the Closing and, thereafter, commencing on a Floating Rate Interest Payment Date and continuing up to, but not including, the next Floating Rate Interest Payment Date.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.