Payment Calculation Date means the tenth (10th) day of each month.
Payment Calculation Date means, with respect to an Award, the first day of the month in which an Award first becomes payable under Section 8 or 9.
Payment Calculation Date means the date we calculate annuity payments under a variable payment annuity option. The first Payment Calculation Date is the business day on or next following the Maturity Date unless we agree otherwise. After the first Payment Calculation Date, we will calculate payments on the same date each month. We use the next following business day if such date is not a business day.
Examples of Payment Calculation Date in a sentence
The Joint Annuitant must be at least age 40 on the first Payment Calculation Date.
After the first Payment Calculation Date, You may not change the annuity payment option You elected.
In each Subaccount, the number of fixed Annuity Units is determined by dividing the amount of the initial payment provided by that Subaccount by the Annuity Unit Value for that Subaccount on the first Payment Calculation Date.
Second and subsequent payments are determined by multiplying the number of fixed Annuity Units for each Subaccount by the Annuity Unit Value for that Subaccount on the Payment Calculation Date.
If Our rates in effect on the first Payment Calculation Date are more favorable, We will use those rates.
More Definitions of Payment Calculation Date
Payment Calculation Date means the date set out in Column 2 of Table A that is the date to be used as the “Payment Calculation Date” for the applicable Construction Period Payment, subject to Section 2.2(a)(ii).
Payment Calculation Date means, in respect of any Payment Date, the date falling five Business Days prior to such date.
Payment Calculation Date. The fourteenth (14th) calendar day of each month.
Payment Calculation Date means the date two Business Days prior to the Payment Date.
Payment Calculation Date means 31 March, 30 June, 30 September and 31 December in every year from the date of this note until all amounts due under this note (determined in accordance with clause 3 have been paid in full).
Payment Calculation Date means, with respect to installment payments, the first business day of a month when such payments would begin without regard to the Six-Month Delay Rule and, with respect to a lump sum payment, the first business day of a month when such payment is scheduled to be made under the terms of the Plan.