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. 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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Examples of Partial Withdrawal Charge in a sentence

  • Any excess withdrawal will be subject to the Partial Withdrawal Charge.

  • The Partial Withdrawal Charge is equal to 5 percent of the excess withdrawal up to the amount of the surrender charge(s) on the date of withdrawal.

  • The Partial Withdrawal Charge deducted will decrease existing surrender charges in the following order: o first, the surrender charge for the most recent increase in Face Amount; o second, the surrender charges for the next most recent increase successively; o last, the surrender charge for the initial face amount.

  • Each new Layer will be subjected to its own Partial Withdrawal Charge calculated with reference to the effective date of that Layer.

  • A Partial Withdrawal Charge will also be deducted from Policy value when more than 10% of the Policy value is withdrawn in a Policy year ("excess withdrawal").

  • The Policy's outstanding surrender charge will be reduced by the amount of the Partial Withdrawal Charge deducted.

  • This will be charged for effecting Partial Withdrawals mentioned in Clause 3.4. Four Partial Withdrawals in each Policy Year will be allowed free of charge and for any subsequent Partial Withdrawal in that Policy Year the Partial Withdrawal Charge is Rs.200/- per transaction which will be collected by cancellation of units as and when the withdrawal is made, and will be in proportion to the investment funds.

  • There will be no Partial Withdrawal Charge if there is no surrender charge on the date of withdrawal.

  • For any subsequent Partial Withdrawal in a Policy Year a Partial Withdrawal Charge of Rs. 200/- per transaction along with the applicable service tax and education cess will be levied and recovered by cancellation of Units as and when the Partial Withdrawal is made, and will be in proportion to the Segregated Funds.

  • Any partial withdrawal made shall be net of Partial Withdrawal Charge mentioned as here under: Number of Partial WithdrawalCharge per Partial Withdrawal1 to 4 in a Policy YearNilAbove 4 in a Policy Year`250/- per partial withdrawalThe Company may revise the aforementioned charges with prior approval of IRDAI, subject to a maximum of Rs. 500/- per partial withdrawal.


More Definitions of Partial Withdrawal Charge

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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Related to Partial Withdrawal Charge

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to Section 4.8, 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 AUL Series III group annuity contract GA XX,XXX, the initial Withdrawal Charge percentage under this 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 this 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.

  • Final Withdrawal Notice Has the meaning specified in Section 5.02 of this Trust Supplement.

  • Withdrawal Period has the meaning specified in Section 10.23(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.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • Withdrawal value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from GRA III NBR/GAA III NBR -- Series I) (original GRA I NBR/GAA I 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.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • 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:

  • 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.