Minimum Distributions definition

Minimum Distributions means (a) for the Parent for any fiscal year of the Parent, Restricted Payments in an amount not less than the aggregate amount of distributions required to be paid by the Parent in order for the Parent to qualify as a REIT, and (b) for the Borrower for any fiscal year of the Borrower, Restricted Payments in an amount not less than the aggregate amount of distributions required to be paid by the Borrower to the Parent in order for the Parent to qualify as a REIT.

Minimum Distributions means (a) for Parent for any fiscal year of Parent, Restricted Payments in an amount not less than the aggregate amount of distributions required to be paid by Parent in order for Parent to qualify as a REIT, and (b) for Borrower for any fiscal year of Borrower, Restricted Payments in an amount not less than the aggregate amount of distributions required to be paid by Borrower to Parent in order for Parent to qualify as a REIT.

Minimum Distributions shall have the meaning set forth in Section 8.2.

Examples of Minimum Distributions in a sentence

• Lifetime Required Minimum Distributions Continue Through Year of Participant's Death.

• Starting in the calendar year in which you reach age 70½, you may elect to receive distributions calculated in the same manner as Required Minimum Distributions.

• If the Contract is a Qualified Annuity Contract, Required Minimum Distributions (RMD) during the GAW Phase are not Excess Withdrawals if the required distribution causes the total Distributions to exceed the GAW amount.

• I agree to provide the prior year end value of this investment by no later than January 10th of each year on a form provided by the Administrator, with substantiation attached to support the value provided.I understand that with some types of accounts there are rules for Required Minimum Distributions (RMDs) from the account.

• A well-selected mix of policy measures and instruments to realise these objectives.

• For purposes of paragraphs (a) and (b) of this Subsection B above, Required Minimum Distributions are considered to commence on your Required Beginning Date defined above in Subsection A of this Section or, if applicable, on the date distributions are required to begin to the surviving spouse under this Subsection B, paragraph (b)(2) above.

• An early withdrawal penalty will not be charged for Required Minimum Distributions (RMDs) for CDs held at Axos Bank.

• If the sole designated Beneficiary is your surviving spouse, and the Spousal Continuation option described in the Section, “Payment Upon Death” is in effect, distribution of your interest in this Contract need not be made until your surviving spouse’s Required Beginning Date for lifetime Required Minimum Distributions described above in Subsection A of this Section, or your surviving spouse’s death if earlier.

• We will also send to you information on Required Minimum Distributions as is prescribed by the Commissioner of Internal Revenue.

• Required Minimum Distributions This provision only applies if your Contract is a Qualified Contract and is subject to minimum distribution requirements under the Required Minimum Distribution (RMD) Regulations under the Code.

More Definitions of Minimum Distributions

Minimum Distributions. Minimum amounts that must be distributed each year in relation to certain qualified plans under the Internal Revenue Code.

Minimum Distributions. You may elect to have us calculate Minimum Distributions annually if your Annuity is being used for certain qualified purposes under the Internal Revenue Code. We calculate such amounts assuming the Minimum Distribution amount is based solely on the value of your Annuity. The Minimum Distribution amounts applicable to you may depend on other annuities, savings or investments of which we are unaware. You may elect to have the Minimum Distribution paid out monthly, quarterly, semi-annually or annually. N-ASP/IND(04/02)-15 15 Each Minimum Distribution will be taken from the investment options you select. However, the portion of any Minimum Distribution that can be taken from any Fixed Allocations may not exceed the then current ratio between your Account Value in all Fixed Allocations you maintain and your total Account Value. No MVA applies to any portion of Minimum Distributions taken from Fixed Allocations. No contingent deferred sales charge is assessed against amounts withdrawn as part of a program designed to distribute Minimum Distributions over your life or life expectancy, but only to the extent of the Minimum Distribution required from your Annuity at the time it is taken. The contingent deferred sales charge may apply to additional amounts withdrawn to meet minimum distribution requirements in relation to other retirement programs you may maintain. Amounts withdrawn as Minimum Distributions are considered to come first from the amounts available as a free withdrawal as of the date of the yearly calculation of the Minimum Distribution amount. Minimum Distributions over that amount to meet the requirements based on your Annuity are not deemed to be a liquidation of Purchase Payments.

Minimum Distributions. Subject only to the distribution options offered in Section 9.3, the following distribution rules will apply: GENERAL RULES: 104. All distributions required under this Section 9.5, including distributions in the form of an annuity purchased from an insurance company, will be determined and made in accordance with Code Section 401(a)(9) and the regulations thereunder, including the minimum distribution incidental death benefit requirement of Income Tax Regulation Section 1.401(a)(9)-2. However, notwithstanding the foregoing or any other provision to the contrary, if elected by the adopting Employer in the Adoption Agreement with respect to distributions under the Plan made for calendar years beginning on or after January 1, 2001 (or other later date as described in the Adoption Agreement), the Plan shall apply the minimum distribution requirements of Code Section 401(a)(9) in accordance with the regulations under Code Section 401(a)(9) that were proposed on January 17, 2001. The amendment made by the foregoing sentence shall continue in effect until the end of the last calendar year beginning before the effective date of final regulations under Code Section 401(a)(9) or such other date as may be specified in subsequent guidance published by the Internal Revenue Service.