Examples of Monthly Calculation Date in a sentence
There is no budget properly dedicated to DRR in line ministries and at Regional level.
Any increase in the selected face amount will become effective on the Monthly Calculation Date which is on, or next follows, the later of: (1) the date 15 days after a written request for such change has been received and approved by us; or (2) the requested effective date of the change.
Rather, if on a Monthly Calculation Date, the Account Value less any Policy Debt is insufficient to cover the Monthly Deduction, the Policy enters a grace period.
The withdrawal is deducted from the Policy’s account value on the Valuation Date applicable to the Monthly Calculation Date on which the withdrawal is made.
On each Monthly Calculation Date, the Calculation Agent shall calculate the amount of interest funds available to the Issuer in the Transaction Account to be applied on the immediately succeeding Monthly Payment Date by reference to the applicable Monthly Collection Period.