Net Purchase Payment. The Purchase Payment less premium taxes, as applicable.
Net Purchase Payment. This amount is the actual Purchase Payment less any premium tax. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Current Value when we pay the tax or at a later date. The Net Purchase Payment will be credited among:
(a) The current Deposit Period(s) for Guaranteed Terms under the AG Account; and (b) The Fund(s) in which the Separate Account invests. For each Net Purchase Payment, the Certificate Holder shall tell Aetna the allocation percentage to be applied to the current Deposit Period for each of the available Guaranteed Terms in the AG Account and/or each Fund. If allocation instructions are not received along with any subsequent Net Purchase Payment, the allocation will be the same as that indicated when the Contract was purchased. If the same Guaranteed Term is no longer available, the Net Purchase Payment will be allocated to the next shortest Guaranteed Term available in the current Deposit Period. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used.
Net Purchase Payment. This amount is the actual Purchase Payment less any premium tax. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Current Value when we pay the tax or at a later date. Each Net Purchase Payment will be allocated, as directed by the Certificate Holder among:
(a) AG Account Guaranteed Terms made available subject to terms and conditions established by Aetna; and
(b) The Fund(s) in which the Separate Account invests. G-MP2(5/97)
3.01 Net Purchase Payment For each Net Purchase Payment, the Certificate Holder shall tell Aetna the percentage of each (Cont'd): Purchase Payment to allocate to any available AG Account Guaranteed Terms and/or each Fund. Unless different allocation instructions are received for any subsequent Net Purchase Payment, the allocation will be the same as for the initial Net Purchase Payment. If the same Guaranteed Term is no longer available, the Net Purchase Payment will be allocated to the next shortest Guaranteed Term available in the current Deposit Period. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used.
Examples of Net Purchase Payment in a sentence
The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date.
Net Purchase Payment amounts are withdrawn first, and then the excess value, if any.
Any dividend credited prior to the Maturity Date will be applied on the effective date as a Net Purchase Payment unless the Owner elects to have the dividend paid in cash.
Accumulation Units are credited as of the effective date of the Net Purchase Payment.
Net Purchase Payment amounts are withdrawn in the same order they were applied.
More Definitions of Net Purchase Payment
Net Purchase Payment. The portion of a Purchase Payment that remains after the deduction of any applicable front-end sales load or premium or similar tax, if any. This is also the term used to describe the total contributions made to the Certificate minus the total withdrawals.
Net Purchase Payment means the amount set forth in Schedule 1 hereto as being payable by Purchaser to Seller on the Delivery Date, such amount being the Purchase Price for such Delivery Date minus the Purchase Deposit, the Total Reserves, the Lease Deposit and accrued interest on the Lease Deposit through the day before the Delivery Date.
Net Purchase Payment means a Purchase Payment less any premium taxes that may be deducted from such Purchase Payment, as provided in this certificate under which the Purchase Payment is made.
Net Purchase Payment. A Purchase Payment less any applicable Premium Tax. OWNER: A person who owns the Contract.
Net Purchase Payment means the amount set forth in Schedule 1 hereto as being payable by Purchaser to Seller on the Delivery Date, such amount being the Purchase Price for such Delivery Date minus the Purchase Deposit, the Total Reserves, the Lease Deposit and accrued interest on the Lease Deposit through the day before the Delivery Date. “Owner Participants” means PLM Equipment Growth Fund VI Liquidating Trust and PLM Growth and Income Fund VII Liquidating Trust. “Parts” means all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment or components of whatever nature, including landing gear, auxiliary power units, navigation systems, radar and radio but excluding complete Engines or engines. “Person” means any individual, corporation, partnership, limited liability company, limited liability partnership, joint venture, association, joint stock company, trust, unincorporated organization or Governmental Body. “PLM” has the meaning given to such term in the Preamble. “Purchase Deposit” A sum of U.S. One Hundred Thousand Dollars ($100,000) advanced by Beneficiary to Seller to secure the purchase of the Aircraft. “Purchase Documents” means this Agreement, the Warranty Xxxx of Sale, the Assignment Agreement, the Lessee Acknowledgement and the Aircraft Acceptance Certificate. “Purchase Price” means the amount set forth in Schedule 1 hereto for the date on which the Delivery Date occurs. “Purchaser” has the meaning given to such term in the Preamble. 4 “Responsible Officer” means with respect to any Person, any managing director, general manager, deputy general manager, vice president or other senior officer who, in the normal performance of his or her operational responsibilities, with respect to the subject matter of any covenant, agreement or obligation of such party pursuant to any instrument, would have responsibility for such matter and the requirements of such instrument with respect thereto. “Scheduled Delivery Date” has the meaning given such term in Section 2.3. “Seller” has the meaning given to such term in the Preamble. “Seller’s Account” means Bank: Comerica Bank, Account No.: 1891533166, Account Name: PLM International, Inc., ABA Routing No.: 000000000, Ref: Boeing 737 S/N 24700. “Special Uruguayan Counsel” means Xxxxx & Regules, special Uruguayan counsel to Purchaser. “Taxes” means any and all present and future taxes, duties, withholdings, levies, assessments, imposts, fees and other governmental charges of all kinds (including wi...
Net Purchase Payment. A Purchase Payment less any applicable charge for taxes.
Net Purchase Payment. This amount is the Purchase Payment less any applicable premium tax. Aetna reserves the right to deduct any premium tax at any time from the Purchase Payment or from the Certificate Holder's Account. The Certificate Holder shall designate, on the enrollment form, the allocation percentage of the Net Purchase Payment to be applied to each of the available Guaranteed Periods during the current Deposit Period(s). The minimum amount that may be allocated to any Guaranteed Period is shown on Contract Schedule I.