Partial Withdrawal Charge definition

Partial Withdrawal Charge. ’ means a charge levied by Us on Partial Withdrawal after first 4 Partial Withdrawal in any Policy year by cancelling an appropriate number of Units in the Unit Account at the prevailing NAV and is specified in Part E
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Partial Withdrawal Charge means a flat charge levied at the time of partial withdrawal of the fund during the policy period by canceling units for an equivalent amount.
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Partial Withdrawal Charge means a flat charge levied at the time of Partial Withdrawal of the fund during the policy period by cancelling units for the charge amount.
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Examples of Partial Withdrawal Charge in a sentence

  • SURRENDER A SURRENDER CHARGE WILL APPLY UPON SURRENDER, UPON LAPSE, UPON A PARTIAL WITHDRAWAL CHARGE THAT REDUCES THE FACE AMOUNT, OR UPON A DECREASE IN FACE AMOUNT FOR UP TO 10 YEARS FROM THE POLICY'S ISSUE DATE.


More Definitions of Partial Withdrawal Charge

Partial Withdrawal Charge. There is no charge for the first Partial Withdrawal during any one Policy Year. For Partial Withdrawals in excess of one per Policy Year, the Partial Withdrawal Charge shall be [$25.00]. -------------------------------------------------------------------------------- 3b POLICY SCHEDULE CONTINUED Table of Guaranteed Maximum Cost of Insurance Rates for Life Insurance Policy This Table shows the Guaranteed Maximum Cost of Insurance Rates applicable to this policy. Monthly Rate Monthly Rate Monthly Rate Per Per Per $1,000 $1,000 $1,000 Net Amount Net Amount at Net Amount Age at Risk Age Risk Age at Risk 30 0.12 54 0.62 78 6.88 31 0.12 55 0.69 79 7.52 32 0.13 56 0.76 80 8.22 33 0.13 57 0.83 81 9.02 34 0.14 58 0.91 82 9.92 35 0.14 59 1.01 83 10.91 36 0.15 60 1.11 84 11.99 37 0.16 61 1.22 85 13.12 38 0.17 62 1.36 86 14.30 39 0.18 63 1.51 87 15.50 40 0.20 64 1.67 88 16.72 41 0.21 65 1.86 89 17.97 42 0.23 66 2.06 90 19.29 43 0.25 67 2.27 91 20.68 44 0.27 68 2.50 92 22.22 45 0.29 69 2.76 93 24.04 46 0.31 70 3.07 94 26.50 47 0.34 71 3.40 95 30.21 48 0.36 72 3.76 96 36.36 49 0.39 73 4.19 97 47.21 50 0.43 74 4.67 98 66.21 51 0.47 75 5.18 99 83.33 52 0.51 76 5.72 100 + 00.00 53 0.56 77 6.28
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Related to Partial Withdrawal Charge

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to "Withdrawal Benefits," where the percentage varies by the Participant Account Year in which the withdrawal is made. The first Participant Account Year begins on the date when AUL establishes a Participant Account and credits the initial Contribution for the Participant, and ends on the day immediately preceding the next anniversary of such date. Each Participant Account Year thereafter begins on such an anniversary date and ends on the day immediately preceding the next succeeding anniversary date. The Withdrawal Charge percentage is as follows: During Withdrawal Charge Participant Account Years Percentage However, for any Participant who also participates in the companion AUL Series III group annuity contract, the initial Withdrawal Charge percentage under the Contract shall be equal to the Withdrawal Charge percentage applicable to the Participant under the AUL Series I group annuity contract from which funds have been transferred to such Series III contract, determined by AUL immediately prior to the date of such transfer, rounded down to the next whole Withdrawal Charge percentage if the Withdrawal Charge percentage under such Series I contract is a fractional Withdrawal Charge percentage. However, the Withdrawal Charge percentage under this paragraph shall never be greater than 8%. The Withdrawal Charge percentage shall be decreased by 1% for each subsequent Participant Account Year until the Withdrawal Charge percentage equals 4%. (However, if the applicable Series I contract Withdrawal Charge percentage is less than 4%, it shall be rounded up to 4% in the Contract.) This 4% Withdrawal Charge percentage shall be in effect during the next 6 consecutive Participant Account Years. Thereafter, the Withdrawal Charge percentage shall be reduced to 0%. In no event will the cumulative total of all Withdrawal Charges, including those previously assessed against any amount withdrawn from a Participant Account, exceed 9% of total Contributions allocated to that Participant Account.

  • Final Withdrawal Date Has the meaning specified in the Escrow Agreement.

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.

  • Withdrawal Period as defined in Section 10.13(b).

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • EU withdrawal agreement means the withdrawal agreement within the meaning of the European Union (Withdrawal Agreement) Act 2020 (see section 39(1) and (6) of that Act).”,

  • Withdrawal Value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from original GRA VII NBR/GRA VI NBR -- Series I) P-14020(SBR)(MBR)(NBR)conv.6

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Single Withdrawal Tranche means the amount of the Loan allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Withdrawal certificate means a document known as a withdrawal of a certificate of noncompliance provided by the child support unit certifying that the certificate is withdrawn and that the board may proceed with issuance, reinstatement, or renewal of a license.

  • Individual Charges means those charges incurred by individual Attendees including, but not limited to, restaurant charges other than the allowable group meals specified herein, any charge for alcoholic beverages, telephone expenses, sleeping room rental deposits, upgrades, Cancellation Fee and/or other applicable service or cancellation charges incurred by an Attendee, and associated taxes, surcharges, and/or other incidentals.

  • withdrawal agreement means an agreement (whether or not ratified) between the United Kingdom and the EU under Article 50(2) of the Treaty on European Union which sets out the arrangements for the United Kingdom's withdrawal from the EU.

  • Withdrawal Request means an instruction given via the Client's Trader’s Room on the Company website to withdraw funds from the trading account and transfer them to the Client's External Account or the Account of the Client's Authorized Person, as specified in the instruction.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Excess Withdrawal is a withdrawal of Account Value that exceeds the Free Withdrawal Amount. This term may not apply to your Contract.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Withdrawal Notice shall have the meaning given in Section 2.1.6.

  • Partial Payment means any payment by Borrower, other than a voluntary prepayment permitted under the Note, which is less than a full outstanding Periodic Payment.