Mode of Settlement definition

Mode of Settlement means payment other than in one sum.
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Mode of Settlement means one of CNS, TFT, or SNS.
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Mode of Settlement means payment other than a lump sum.
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Examples of Mode of Settlement in a sentence

  • Any death benefit provided under a section of this Coverage is payable according to that section and the Beneficiary and Mode of Settlement Rules.

  • Any death benefit provided under a section of the Universal Life Coverage is payable according to that section and the Beneficiary and Mode of Settlement Rules.

  • Beneficiaries who do not have a right to be paid under these terms may still have a right to be paid under the Automatic Mode of Settlement.

  • Any death benefit provided under a section of this Coverage is payable according to that section, the Beneficiary and Mode of Settlement Rules, and these rules.

  • Conditions for Mode of Settlement: The Beneficiary must be a natural person taking in the Beneficiary's own right.

  • Any death benefit provided under a section of this Coverage is payable according to that section, the Beneficiary and Mode of Settlement Rules, and the following rule.

  • Arrangements for Mode of Settlement: You may arrange a mode of settlement by proper written request to Prudential.

  • A Mode of Settlement will apply to secondary Beneficiaries only if Nationwide agrees in writing.

  • Payee Defined.--In these provisions and under the Automatic Mode of Settlement, the word Payee means a person who has a right to receive a settlement under the contract.

  • Conditions for Mode of Settlement: The Beneficiary must be a natural person taking in the Beneficiary’s own right.


More Definitions of Mode of Settlement

Mode of Settlement means the form of settlement that the ELI holder elects to receive upon maturity of the ELI when the Final Stock Price is below the Reference Stock Price on the Final Fixing Date. The ELI holder can elect either cash settlement or physical settlement of the Settlement At Maturity;
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Mode of Settlement means the form of settlement that the ELI holder elects to receive upon maturity of the ELI where (i) “Daily Airbag Feature” or “Final Fixing Date Airbag Feature” is not specified to be applicable in the applicable Term Sheet and the Final Stock Price of the Worst Performing Stock as of the Final Fixing Date is below its Reference Stock Price; or (ii) “Daily Airbag Feature” is specified to be applicable in the applicable Term Sheet and the Final Stock Price of the Worst Performing Stock as of the Final Fixing Date is below its Reference Stock Price and, on any Scheduled Trading Day during the Observation Period, the Closing Price of the Worst Performing Stock in respect of such Scheduled Trading Day is at or below its Airbag Level; or (iii) “Final Fixing Date Airbag Feature” is specified to be applicable in the applicable Term Sheet and the Final Stock Price of the Worst Performing Stock as of the Final Fixing Date is at or below its Airbag Level. The ELI holder can elect either cash settlement or physical settlement of the relevant Settlement At Maturity;
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Mode of Settlement means the form of settlement that the ELI holder elects to receive upon maturity of the ELI where (i) “Daily Airbag Feature” or “Final Fixing Date Airbag Feature” is not specified to be applicable in the applicable Term Sheet and the Final Stock Price is below the Reference Stock Price; or (ii) “Daily Airbag Feature” is specified to be applicable in the applicable Term Sheet and the Final Stock Price is below the Reference Stock Price and on any Scheduled Trading Day during the Observation Period the Closing Price of the Linked Stock is at or below the Airbag Level; or (iii) “Final Fixing Date Airbag Feature” is specified to be applicable in the applicable Term Sheet and the Final Stock Price is at or below the Airbag Level. The ELI holder can elect either cash settlement or physical settlement of the relevant Settlement At Maturity;
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Related to Mode of Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Effective Date of Settlement means: the date on which all of the conditions to settlement set forth in § 2 of this Settlement Agreement have been fully satisfied or waived and the Settlement shall have become Final.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

  • ASX Settlement Operating Rules means the rules of ASX Settlement Pty Ltd which apply while the Company is an issuer of CHESS approved securities;

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;