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 the Universal Life Coverage is payable according to that section and the Beneficiary and Mode of Settlement Rules.

  • 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.

  • 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.

  • 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.

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

  • If, at your death, no Mode of Settlement has been arranged for an amount of your Employee Life Insurance, the Beneficiary and Prudential may then mutually agree on a Mode of Settlement for that amount.

  • The Con-way Group Insurance Certificate contains the same Mode of Settlement rules as the JPMorgan Certificates quoted above, which provide that insurance “is normally paid to the Beneficiary in one sum.” SMF ¶ 36; Def.’s Ex. 34, ECF No. 151-18.

  • If the annuitant dies before the annuity date, 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.

  • KHS does not subscribe its employees to the state retirement plan; instead, KHS contracts with AXA to offer a comparable 401k.KHS ensures that they are following the same criminal background check standards as the Durham Public Schools by using the exact same service provider, US Info Group.Recommendation: The audit team recommends that in order to sufficiently monitor compliance with §115C-218.90, KHS make significant improvement to their licensure monitoring plan.

  • Choosing an Option; Options Described; First Payment Due Date; Residue Described; Income Tables; Withdrawal of Residue; Designating Contingent Payee(s); Changing Options; Conditions; Death of Payee Automatic Mode of Settlement ..............................................


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 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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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 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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Related to Mode of Settlement

  • Notice of Settlement means the form attached hereto as Exhibit A.

  • 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 Section 3.3 of the Operating Agreement.

  • 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.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

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

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • 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.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

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

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

  • Purchase Contract Settlement Date means [ ].

  • Resettlement Plan or “RP” means the resettlement plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • ASTC Settlement Rules means the operating rules of ASTC and, to the extent that they are applicable, the operating rules of ASX and the operating rules of the Australian Clearing House Pty Limited;

  • 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:

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

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

  • Trading and Settlement Code or “TSC” means the Single Electricity Market Trading and Settlement Code or any replacement thereof which sets out the rules for trading in electricity and settling energy imbalances and the responsibilities of parties to the code;