Option Charge definition

Option Charge means in respect of a Payment Period, the charge for the Payment Period calculated in accordance with Section 2 of Schedule 1;
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Option Charge means the option to be applied for by the Customer and confirmed by DKV to supplement the Customer Agreement to be concluded or already existing with DKV with the additional service of also enabling the charging of electrically powered motor vehicles via the LEO.
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Examples of Option Charge in a sentence

  • The Index Fixed Account Option Charge is the sum of the charge for each Indexed Account, which is equal to the Monthly Indexed Account Charge Rate for that Indexed Account, as shown on the Policy Specifications, multiplied by the value of that Indexed Account as of the Monthly Payment Date.

  • It is equal to the sum of the following items: • The Cost of Insurance Charge; • The Administrative Charge; • The Coverage Charge; • The Indexed Fixed Account Option Charge; and • Rider or benefit charges, if any.

  • The Indexed Fixed Account Option Charge is part of the Monthly Deduction assessed against the policy’s Accumulated Value.

  • The value of an Accumulation Unit for any later Valuation Period reflects [the Section 4.1 income, gains, and losses and the Section 7.1 Investment Option Charge (IOC)].

  • If the agreement is terminated arising from non-delivery of Security Cover under the terms of this Clause 6.1, the VIPP Supplier shall remain liable for 1 month’s Option Charge.

  • If the agreement is terminated arising from non-delivery of Security Cover under the terms of this Clause 7.1, the VIPP Supplier shall remain liable for 1 month’s Option Charge.

  • The value of an Accumulation Unit for any later Valuation Period reflects the section 4.1 income, gains, and losses and the section 7.1 Investment Option Charge (IOC).

  • The value of an Accumulation Unit for any later Valuation Period reflects the Section 4.1 income, gains, and losses and the Section 7.1 Investment Option Charge (IOC).

  • It is equal to the sum of the following items: · The Cost of Insurance Charge; · The Administrative Charge; · The Coverage Charge; · The Indexed Fixed Option Charge, if any; · The Asset Charge, if any; and · Rider or benefit charges, if any.

  • The Indexed Fixed Account Option Charge is part of the Monthly Deduction assessed against the Policy’s Accumulated Value.