Monthly Processing Date definition

Monthly Processing Date means the same day of each month as the Contract Date. If the day does not exist in a month, the last day of the month will be used.

Monthly Processing Date is the day of each month that the Monthly Deduction Amount is deducted from the Account Value of this Contract. Monthly Processing Dates are the Contract Date and the same day of each month thereafter. If there is no such date in a particular month, the Monthly Processing Date will be the last day of that month. If a Monthly Processing Date is not a Valuation Date, the Monthly Processing Date will be the next Valuation Date.

Monthly Processing Date. The "Monthly Processing Date" is the date each month on which the monthly deductions from the Accumulation Value are deducted. The first Monthly Processing Date will be the Policy Date or the date on which the initial Net Premium is allocated to your Policy, if later. Subsequent Monthly Processing Dates will be the same date as the Policy Date each month thereafter unless this is not a Valuation Day, in which case the Monthly Processing Date occurs on the next Valuation Day.

Examples of Monthly Processing Date in a sentence

• On any Monthly Processing Date, if your Policy Account Value, after subtracting the Monthly Deduction and Policy Debt, is less than zero, your Policy will enter the grace period.

• The grace period is a 61-day period beginning on that Monthly Processing Date.

• Abdelmoniem and Brahim Bensaou, “Incast-Aware Switch-Assisted TCP Congestion Control for Data Centers”, IEEE Global Communications Conference (Globecom 15).

• Angelino, Esq., for Sage Realty Corporation, owner.SUBJECT - Application April 16, 2002 - An application for an interpretative appeal of Local Law 5 regarding various regulations pertaining to the Fire Safety Plan for subject premises.PREMISES AFFECTED - 767 Third Avenue, southeast corner of East 48th Street, Block 1321, Lots 41-47, Borough of Manhattan.

• The Transfer Date is the next Monthly Processing Date following the later of the Policy Date, the Issue Date or thedate the premium was received to place the policy In Force.

• These cameras will be removed and replaced with new Ethernet-based cameras that will be connected to the fiber backbone and information will be relayed back to Node 2, the fiber optic regeneration building, and the CTMC.

• If your Policy’s No Lapse Guarantee is in force, your Policy is protected from lapsing, even if the Policy Account Value, after subtracting the Monthly Deduction and Policy Debt, is less than zero on a Monthly Processing Date as long as the No Lapse Guarantee Test is satisfied.

• However, the OFESZ does not process data revealing racial or ethnic origin, political opinions or political party affiliations, religious or philosophical beliefs or similar data under any circumstances.

• Net Amount At RiskOn any Monthly Processing Date, the amount calculated as the Net Amount at Risk death benefit less the Policy Account Value.

• The sum of the Guaranteed Coverage Rider Minimum Monthly Premiums up to the applicable Monthly Processing Date shall not include Guaranteed Coverage Rider Minimum Monthly Premiums for any period during which the Monthly Deduction was waived under any applicable Waiver of Monthly Deductions rider.

More Definitions of Monthly Processing Date

Monthly Processing Date means the same day of each month as the Contract Issue Date. If the day does not exist in a month, the first day of the next month will be used. If the first day of the next month falls on a non-business day, we will use the next business day.

Monthly Processing Date. The date each month on which the monthly deductions from the account value are due. The first monthly processing date will be the policy date or the date on which the initial net premium is allocated to your policy, if later. Subsequent monthly processing dates will be the same date as the policy date each month thereafter. If that date is not a valuation date, monthly processing will use the next calculated accumulation unit value. Net account value: The amount of the account value minus any policy loan and accrued loan interest. Net premium: The premium amount paid minus the premium expense charges shown in the Schedule. These charges are deducted from each premium before the premium is applied to your account value. Policy Form 15291-00 5 Partial withdrawal: The withdrawal of a portion of your cash surrender value from the policy. The partial withdrawal may reduce the amount of base death benefit in force, which in turn may cause a surrender charge to be incurred. Policy loan: The sum of amounts you have borrowed from your policy, increased by any policy loan interest capitalized when due, and reduced by any policy loan repayments.

Monthly Processing Date. The date each month on which the monthly deductions from the account value are due. The first monthly processing date will be the policy date or the date on which the initial net premium is allocated to your policy, if later. Subsequent monthly processing dates will be the same date as the policy date each month thereafter. If that date is not a valuation date, monthly processing will use the next calculated accumulation unit value. Net account value: The amount of the account value minus any policy loan and accrued loan interest. Net cash surrender value: The account value minus any applicable surrender charge and minus any policy loan including accrued but unpaid loan interest.

Monthly Processing Date means the same day of each calendar month following the Effective Date.

Monthly Processing Date means the date which corresponds numerically with the Policy Issue Date in every calendar month.