Monthly Anniversary Date definition
Examples of Monthly Anniversary Date in a sentence
The effective date of reinstatement will be the Monthly Anniversary Date that falls on or next follows the date We approve Your request.
Any change in Death Benefit Option will take effect on the Monthly Anniversary Date on or following the date we approve the request for the change.
If the specified date is a Monthly Anniversary Date, the Accumulation Value is reduced by the Monthly Deduction deducted from the Fixed Account.
If the number of Disposed Shares is greater than the quantity S, then the quantity S shall be reduced to zero for that Subject Monthly Anniversary Date, and the amount by which the Disposed Shares exceeds the quantity S shall be applied to reduce the quantity S for the immediately succeeding Monthly Anniversary Date only.
For example, if S is 50,000 and between the preceding Monthly Anniversary Date and the Subject Anniversary Date the Purchaser Sold 5,000 Common Shares pursuant to Section 1.2 of the Lock-Up Agreement, then S will be reduced for that Subject Monthly Anniversary Date only by 5,000 to 45,000, representing 50,000 less 5,000.
The change will be effective on the Monthly Anniversary Date on or following the date we approve the change.
Actual Services will be terminated by Elauwit on Your Monthly Anniversary Date, prior to an additional billing cycle(s).
The Policy will continue as long as the Net Cash Value on the Monthly Anniversary Date is large enough to cover the Monthly Deduction for that month.
The Accumulation Value on the reinstatement date will be equal to the Accumulation Value on the Monthly Anniversary Date when the grace period ended, plus Net Premiums paid at reinstatement.
Section 4.12 (Cash Maintenance Requirement) of the Purchase Agreement is hereby amended by deleting the words "through the first anniversary of the date of the Closing", and in place thereof inserting the words "through the Final Monthly Anniversary Date".