MINIMUM SPECIFIED AMOUNT definition

MINIMUM SPECIFIED AMOUNT. The Minimum Specified Amount is shown on the Policy Data Page. Changes to the policy which result in a Specified Amount below the Minimum Specified Amount will not be processed. Refer to Specified Amount Decreases and Partial Surrender Provisions for details.
MINIMUM SPECIFIED AMOUNT shall have the meaning specified in Section 14.02(a)(iii).
MINIMUM SPECIFIED AMOUNT shall have the meaning specified in ‎Section 14.02(a)(vi).

Examples of MINIMUM SPECIFIED AMOUNT in a sentence

  • SEPARATE ACCOUNT: M MINIMUM SPECIFIED AMOUNT $1000 INCREASE: Increases to Specified Amount not allowed after Attained Age 85.

  • MINIMUM SPECIFIED AMOUNT The Specified Amount cannot be decreased below this amount.

  • Policy Number SPECIMEN MINIMUM SPECIFIED AMOUNT INCREASE: $1000 Increases to Specified Amount not allowed after Attained Age 85.

  • Furthermore, enormous populations worldwide live in urban environments, which according to several studies, is associated with an increase in mental health issues compared to natural settings due to the lack of green spaces and the large number of existing stressors (Hartig & Kahn, 2016; Okkels et al., 2018).

  • THIS ELECTION IS IRREVOCABLE FOR THE LIFE OF THE CONTRACT.) MINIMUM NET PREMIUM FACTOR: [0.925 (THE MINIMUM NET PREMIUM FACTOR REFLECTS THE MAXIMUM DEDUCTION OF 7.5% OF EACH PREMIUM RECEIVED)] MAXIMUM POLICY LOAN INTEREST RATES: DURING POLICY YEARS 1 THROUGH 10: [4.40% PER ANNUM PAYABLE IN ARREARS] DURING POLICY YEARS 11 AND THEREAFTER: [4.00% PER ANNUM PAYABLE IN ARREARS] MINIMUM SPECIFIED AMOUNT: $[100,000] NOTE: IT IS POSSIBLE THAT COVERAGE WILL EXPIRE IF SUFFICIENT PREMIUMS ARE NOT PAID.

  • INSURED: [JOHN DOE] OWNER: [JANE DOE] INITIAL SPECIFIED AMOUNT: $[100,000] POLICY DATE: [MAY 1, 2007] MINIMUM SPECIFIED AMOUNT: $100,000 DATE OF ISSUE: [MAY 1, 2007] MONTHLY ANNIVERSARY DAY: [01] ISSUE AGE [AND SEX]: [35 MALE] PREMIUM CLASS: [STANDARD TOBACCO] PLAN OF INSURANCE: FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE [BENEFIT SELECTION OPTION: [20]%.


More Definitions of MINIMUM SPECIFIED AMOUNT

MINIMUM SPECIFIED AMOUNT has the meaning specified in Section 7.03(b).

Related to MINIMUM SPECIFIED AMOUNT

  • Annual Specified Amount means $400,000 escalated on each Anniversary Date by the percentage by which the CPI last published prior to such Anniversary Date has increased over the CPI last published prior to the grant of the Burswood Casino Licence.

  • Specified Amount of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and such amount shall thereafter be a Specified Amount and such single currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Acceptable Price with respect to any Put Notice Date shall mean seventy-five percent (75%) of the lowest closing bid prices for the ten (10) Trading Day period immediately preceding such Put Notice Date.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Modified adjusted gross income means “federal adjusted gross income”:

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of One Hundred Forty-Five Thousand Dollars ($145,000), including any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Maximum allowable cost list means the list of drugs used by a pharmacy benefit manager that

  • long term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April 2006:

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Indemnified Amount has the meaning set forth in Section 8.01.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Minimum Weighted Average Coupon Test means a test that is satisfied on any date of determination if the Weighted Average Fixed Coupon equals or exceeds the Minimum Fixed Coupon.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Earn-Out Period has the meaning set forth in Section 2.3(a).