Net Withdrawal definition

Net Withdrawal means the payment you will receive as a consequence of your request for a withdrawal, provided sufficient Accumulation Value is available. The Net Withdrawal is equal to the Gross Withdrawal, adjusted by any applicable Market Value Adjustment, less any applicable Surrender Charges and taxes.
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Net Withdrawal means the payment you will receive as a consequence of your request for a withdrawal, provided sufficient Contract Value is available. The Net Withdrawal is equal to the Gross Withdrawal, less any applicable Surrender and Premium Enhancement Recapture Charges, and any applicable taxes. Premium Enhancements will be included in the determination of Accumulation Units in the same manner as premium payments. With respect to the GIA Account, interest will be credited to any Premium Enhancement in the same manner as premium payments. Prior to the Maturity Date, you may surrender your contract or withdraw a portion of your Contract Value, without a Surrender Charge or Premium Enhancement Recapture Charge, under the Nursing Home or Terminal Illness Waiver, if the conditions provided in the contract are satisfied. When Surrender Charges are waived due to either the Nursing Home or Terminal Illness Waiver, any Premium Enhancements not previously assessed a Premium Enhancement Recapture Charge that are credited during the [12] months prior to the date of surrender or withdrawal, will be deducted from the Contract Value prior to payment of the surrender or withdrawal. Any death benefit proceeds will be reduced by any Premium Enhancements not previously assessed a Premium Enhancement Recapture Charge credited during the [12] months prior to the date of death, unless the Spousal Continuation Option is in effect, as specified in the contract. In no situation will we recapture an amount that would result in death proceeds after recapture to be less than 100% of premium payments less "Adjusted Partial Withdrawals. Any Premium Enhancement, not previously assessed a Premium Enhancement Recapture Charge, that is credited during the [24] months prior to election of an Annuity Payment Option, will be deducted from the Contract Value prior to calculation of annuity payments. Item (3) of the Net Investment Factor provision in Section 6: Separate Account and Investment Options, has been replaced with the following:
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Net Withdrawal means the difference between the amount of water withdrawn for noncontact cooling water and the amount of that water discharged.
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Examples of Net Withdrawal in a sentence

  • When you make a withdrawal, you must specify whether you choose to make a Gross Withdrawal or a Net Withdrawal.

  • In such report, the Contractholder will also specify the application of any such amount under Section 4.3. As used in this Contract, the term Net Withdrawal means for any day the excess, if any of (1) the amounts withdrawn or transferred from the [PLUS Fund], pursuant to the Plan provisions referred to in Section 2.1 on that day, over (2) the amounts allocated or transferred to the [PLUS Fund], pursuant to such provisions on that day.

  • The Guarantee Period Account Value is equal to the amount of the purchase payment allocated to a Guarantee Period Account; x Plus credited interest to the Guarantee Period Account; x Less any withdrawals of purchase payments and/or interest from the Guarantee Period Account; and x If any withdrawal is a Net Withdrawal, as defined in the Withdrawal section below, x Any applicable Withdrawal Charge and taxes imposed for such withdrawal will also be deducted from the Guarantee Period Account.

  • Broker may notify the Depository Institution of any initial deposits and subsequent deposits to Accounts in the form of a Notice of Net Withdrawal or Net Deposit (“Notice of Net W/D”) for the Sweep Deposit Accounts.

  • Under a Net Withdrawal, these deductions and adjustments are made to the Guarantee Period Account Value.

  • Bioceros has not incurred any liability under plant-closing or similar laws or regulations that remains unsatisfied, nor shall any terminations on or prior to the Closing Date result in unsatisfied liability under such statutes, foreign statutes, laws or regulations.

  • If the City elects to continue to participate in the gains and losses with ACFD’s OPEB plan under option (ii) above, then the Net Withdrawal Liability shall be calculated in accordance with actuarial assumptions for an obligation funded at the level of City’s funding as calculated in ACFD’s actuarial valuations for each year the City participates in gains and losses.

  • MetLife's share of any Net Withdrawal will be determined by the Trust’s administrative practices described in Section 2.1(5).

  • MetLife's pro-rata share of any Net Withdrawal will bear the same ratio to the total amount of such Net Withdrawal as the amount in the Plan Reserve Account bears to the total amount in the [PLUS Fund] (excluding the [PLUS Fund]’s synthetic GICs with a total return focus).

  • The Contractholder will promptly report to MetLife under this Contract the following: MetLife's share of each Net Withdrawal from the [PLUS Fund] made after [MM/DD/YYYY].