Initial Sum definition

Initial Sum is the original sum specified in this Deed; and
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Initial Sum means the amount specified in the Schedule;
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Initial Sum means the amount described as such in paragraph 1 of schedule 7;
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Examples of Initial Sum in a sentence

  • Post the completion of moratorium period, the Sum Assured will decrease during the outstanding term of thepolicy.Treatment of Sum Assured Sum Assured will increase during the moratorium period and the Sum Assured will be equal to Initial Sum Assured plus accrued interest during this period.

  • The following options will be available under the Master Policy during the moratorium period:- Option 1Insured Member choses to pay the interest during this periodOption 2Insured Member does not chose to pay the interest during this periodTreatment of Sum Assured Sum Assured will remain constant and will be equal to Initial Sum Assured throughout this period.

  • The Founder desires to establish a Trust of the Initial Sum hereinafter described and all accretions and additions thereto and over the property and moneys hereinafter referred to as the Trust Fund.

  • Once the company is registered it can apply to open a bank account and will utilise the balance of the Community Management and Green Infrastructure Initial Sum, as designated in the S106, as its opening deposit.

  • Current Sum Assured ScheduleCurrent Sum Assured is the amount of Current Sum Assured Factor times Initial Sum Assured, and will be payable upon death or TPD of the Life Assured.


More Definitions of Initial Sum

Initial Sum means the amount of $10.00.
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Initial Sum means the amount of $20 paid or to be paid by the Church to the Trustee upon or before the execution of this Deed to constitute the Trust.
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Initial Sum means the sum of $1.00 paid to the Trustee by the Settlor on or before the Commencement Date;
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Initial Sum means the sum of $10.00paid to the Trusteeby the Settloron or before
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Initial Sum the initial sum settled upon the Custodian Trustee by the Settlor to establish the SIMAID Fund
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Initial Sum the sum payable under clause 8.5 "Know-how" the chemicals and the oral and written instructions, diagrams and similar information relevant to the use of the Plant, its controlling apparatus and in order to manufacture and use of the System
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Initial Sum means $10.00.
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