Initial Purchase Payment. Annuity Start Date:
Initial Purchase Payment. [$100,000] Owner(s): [John Xxx] [Jane Xxx] Owner’s Age: [35] [35] Annuitant(s): [John Xxx] [Jane Xxx] Annuitant’s Age: [35] [35] Annuitant’s Sex: [Male] [Female] Annuity Date: [01-01-2055] Minimum Purchase Payment Amount for Non-Qualified Contracts: [$10,000] Minimum Additional Purchase Amount for Non-Qualified Contracts: [$250] Minimum Purchase Payment Amount for Qualified Contracts: [$2,000] Minimum Additional Purchase Amount for Qualified Contracts: [$50] Maximum Purchase Payment Amount Without Home Office Approval: [$1,000,000] Minimum Contract Value to Avoid Contract Termination: [$1,000] Maximum Owner(s) and/or Annuitant(s) Age: [85] Minimum Annuitization Amount: [$10,000] Minimum Annuity Payment: [$250] Minimum Withdrawal Amounts: • [$500] for each unscheduled Withdrawal • [$250] for each systematic Withdrawal • [$100] for each systematic Withdrawal paid by electronic funds transfer (EFT) ICC12:10-1252-CS-5 3A CONTRACT SPECIFICATIONS (continued) Fees & Charges Mortality & Expense Risk Charge: 0.95% Administrative Fee: 0.25% Annual Fee: [$50.00*] * Waived if the Net Contract Value is equal to or greater than [$50,000] on the day the fee is assessed.
Initial Purchase Payment. $[10,000] This Schedule sets forth additional information that relates to the provisions in this Contract with the corresponding headings. MAKING PURCHASE PAYMENTS The Designated Sub-Account is the [Money Market Sub-Account]. No purchase payment, whether initial or additional, may be allocated such that any Sub-Account would have a value less than $250. Additional purchase payments are subject to the following limits:
Examples of Initial Purchase Payment in a sentence
The values shown below are based on the following assumptions: • Initial Purchase Payment = $100,000 • Rider Effective Date = Contract Date • A subsequent Purchase Payment of $100,000 is received during Contract Year 1.
The Issuer's obligation to pay or procure the payment of the Initial Remittance under the Deposit Agreement will be subject to the condition precedent that the Dealer has determined in its absolute discretion that it has received from the Authorised Offeror an amount equal to the Initial Purchase Payment Amount by no later than the Initial Condition Precedent Time on the Initial Condition Precedent Date.
We will allocate the Initial Purchase Payment in accordance with your most recent allocation instructions.
The Initial Purchase Payment is shown in the Contract Specifications.
We have issued this contract in consideration of the Initial Purchase Payment.
More Definitions of Initial Purchase Payment
Initial Purchase Payment. [$100,000] Owner(s): [John Xxx] [Jane Xxx] Owner’s Age: [35] [35] Annuitant(s): [John Xxx] [Jane Xxx] Annuitant’s Age: [35] [35] Annuitant’s Sex: [Male] [Female] Annuity Date: [01-01-2055] Minimum Purchase Payment Amount for Non-Qualified Contracts: [$10,000] Minimum Additional Purchase Amount for Non-Qualified Contracts: [$250] Minimum Purchase Payment Amount for Qualified Contracts: [$2,000] Minimum Additional Purchase Amount for Qualified Contracts: [$50] Maximum Purchase Payment Amount Without Home Office Approval: [$1,000,000] Minimum Contract Value to Avoid Contract Termination: [$1,000] Maximum Owner(s) and/or Annuitant(s) Age: [90] Minimum Annuitization Amount: [$10,000] Minimum Annuity Payment: [$250] Minimum Withdrawal Amounts: • [$500] for each unscheduled Withdrawal • [$250] for each systematic Withdrawal • [$100] for each systematic Withdrawal paid by electronic funds transfer (EFT) ICC12:10-1253 3A CONTRACT SPECIFICATIONS (continued) Fees & Charges Mortality & Expense Risk Charge: 1.35% Administrative Fee: 0.25% Annual Fee: [$50.00*] * Waived if the Net Contract Value is equal to or greater than [$50,000] on the day the fee is assessed. [Optional Riders Current Annual Maximum Annual Name Charge % Charge % [Stepped-Up Death Benefit Rider 0.20%] 0.20 % [Guaranteed Withdrawal Benefit VII Rider — Single Life 0.40%] 1.00 % [Guaranteed Withdrawal Benefit VII Rider — Joint Life 0.60%] 1.50 % [Guaranteed Withdrawal Benefit V Rider — Single Life 0.80%] 2.00 % [Guaranteed Withdrawal Benefit V Rider — Joint Life 1.00%] 2.50 % [Income Access Rider 1.10%] 2.75 % [Guaranteed Protection Advantage 3 Rider 1.30%] 2.25 % For a complete description of the charges, fees and deductions shown above and other applicable fees and charges, refer to the Charges, Fees and Deductions section of the Contract or the Annual Charge provision of the Optional Rider(s) shown above, if applicable.]
Initial Purchase Payment. (minimum $[5,000]) $ Funding Source:
Initial Purchase Payment is replaced with the Death Benefit as determined at the end of the Valuation Period during which we received due proof of death.
Initial Purchase Payment. Issuance of an Annuity represents both our acceptance of an initial Purchase Payment and any application. The amount of your initial Net Purchase Payment evidenced by this Annuity is shown in the Schedule. Amounts are allocated to the investment options according to your instructions.
Initial Purchase Payment. XXXXXXXXXXXXXX Type of contract: XXXXXXXXXXXXXXX Owner: XXXXXXXXXXXXXXXXXX Owner date of birth or trust inception date: XXXXXXXX Annuitant: XXXXXXXXXXXXXXXXXX Annuitant gender: XXXXXX Annuitant date of birth: XXXXXXXX Joint Owner: XXXXXXXXXXXXXXXXXX Joint Owner date of birth: XXXXXX Joint Annuitant: XXXXXXXXXXXXXXXXXX Joint Annuitant gender: XXXXXX Joint Annuitant date of birth: XXXXXXXX Annuity Date: XXXXXXXXXXXXX
Initial Purchase Payment shall have the meaning set forth in Section 4.1.1. “Initial Term” shall have the meaning set forth in Section 10.1. “JAMS” shall have the meaning set forth in Section 21.3.6a). “Joint Steering Committee” shall have the meaning set forth in Section 9.3. “Launch Plan Notice” shall have the meaning set forth in Section 3.5. “Limited License” shall have the meaning set forth in Section 9.5. “Medical Nutrition” shall mean (a) a specialized nutrition product that serves as a nutritional solution for the dietary management of a specific health condition to be used under medical supervision; (b) a “medical food,” as defined in Section 5(b) of the Orphan Drug Act (21 U.S.C. 360ee(b)(3)) and 21 CFR 101.9(j)
Initial Purchase Payment shall be an amount equal to the sum of (x) 225% of the Annualized Fee Amount (as hereinafter defined) of each Reorganized Fund and (y) 270% of the Annualized Fee Amount of each Continuing Fund, other than Quest for Value Officers Fund. The "Annualized Fee Amount" of an Acquired Fund shall equal the product of (i) such Acquired Fund's Closing Net Assets (as hereinafter defined) and (ii) the annual advisory fee payable to Advisors by such Acquired Fund at the rate indicated in the most recent prospectus of such Acquired Fund at the Closing Date (plus, in the case of Quest for Value Global Income Fund and Quest for Value Global Equity Fund, the annual administrative fee payable to the Sellers by such Acquired Fund at the rate indicated in such prospectus). "Closing Net Assets" for an Acquired Fund shall mean the aggregate net asset value of such Acquired Fund (calculated in accordance with the Investment Company Act and as described in the current prospectus of such Acquired Fund) as of the close of business on the last business date preceding the Closing Date. Closing Net Assets for each Acquired Fund will be determined by the Chief Financial Officer of OpCap and the respective amounts thereof for each Acquired Fund shall be provided to the Buyer by written notice (certified as to the accuracy thereof in all material respects by such Chief Financial Officer) delivered not later than 9:00 a.m., New York City time, on the Closing Date. The Chief Financial Officer of OpCap may adjust the Closing Net Assets for any Acquired Fund by delivering a written certification for such Acquired Fund not later than 5:00 p.m. on the third business day after the Closing Date and an appropriate adjustment to the Purchase Price and the amount paid pursuant to Paragraph 3.1