Initial Installment definition

Initial Installment has the meaning set forth in Section 19(d) hereof.]

Initial Installment means $[55,000], being the initial advance of the Funding Loan by the Initial Funding Lender pursuant to Section 2.01 hereof.

Initial Installment has the meaning given to that term in Section 6.5 of this Agreement.

Examples of Initial Installment in a sentence

• Installments shall not begin and an Initial Installment Date shall not be recorded until the Company receives appropriate information about the Covered Person(s) in good order and in a manner reasonably satisfactory to the Company.

• After the Initial Installment Date, a Distribution or Transfer combined with all other amounts in excess of the GAW will be considered an Excess Withdrawal.

• If the Annuity Account is transferred or split pursuant to a settlement agreement or a court-issued divorce decree before the Initial Installment Date, the Owner(s) must immediately notify us and provide the information that we require.

• If a Request is made to begin Installments, the Company shall compare the current Benefit Base to the current Covered Fund Value on the Initial Installment Date.

• If an Owner dies after the Initial Installment date without a second Covered Person, the GLWB will terminate and no further Installments will be paid.

More Definitions of Initial Installment

Initial Installment. The excess of the Purchase Price over the Discount.

Initial Installment means the amount stipulated in Section 1.1(h), equal to one monthly installment of the initial Base Rental, which has been paid by Tenant to Landlord under the provisions of Section 3.5;

Initial Installment has the meaning given to it in Section 2.1(a).

Initial Installment has the meaning set forth in Section 19(d) of the Lease.

Initial Installment. The excess of the Trade Principal over the Discount.

Initial Installment means Five Hundred Thousand Canadian Dollars (Cdn. $500,000) to be paid to Alya by [PURCHASER 5] at the Closing, as part of the Purchase Price.

Initial Installment is defined in Section 2.1.