Periodic Payouts definition

Periodic Payouts. On the 15th of each January and July, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid.
Sample 1Sample 2Sample 3
Periodic Payouts. [On -, 20__, and on the 15th of each -, we will pay you all accrued and unpaid interest. If such date is not a Business Day, the Periodic Payout is made on the next following Business Day, with/without interest for the period payment is deferred.] [OPTIONAL REDEMPTION:] [Optional redemptions under Section 3.02 may be made solely with respect to the "survivor option" described in the prospectus supplement dated -, 2003 for the Program.] OR [Optional redemptions under Section 3.02 may be made to fund amounts you are required to pay as described in the Pricing Supplement for Hartford Life Global Funding 200---.]
Sample 1Sample 2
Periodic Payouts. [On -, 20__, and on the 15th of each -, we will pay you all accrued and unpaid interest. If such date is not a Business Day, the Periodic Payout is made on the next following Business Day, with/without interest for the period payment is deferred.] [OPTIONAL REDEMPTION:] [Optional redemptions under Section 3.02 may be made solely with respect to the "survivor option" described in the prospectus supplement dated -, 2003 for the Program.] OR [Optional redemptions under Section 3.02 may be made to fund amounts you are required to pay as described in the Pricing Supplement for Hartford Life Global Funding 200---.] [CALL TERMS:] [We may elect to pay you all or a portion of the Fund Balance, under Section 3.03 on -, 20__ or as of any date thereafter when a Periodic Payout is due (the "Call Dates").] OR [We may elect to pay you all or a portion of the Fund Balance, under Section 3.03 on -, 20__ (the "Call Date").]
Sample 1Sample 2

Examples of Periodic Payouts in a sentence

  • GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified (subject to Section 4.7).

  • Periodic Payouts: On the 15th of each June and December, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid.

  • GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates Specified (subject to Section 4.7).

  • Periodic Payouts: On the 15th of each February and August, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid.

  • Periodic Payouts: On the 15th of each January and July, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid.

  • GELAAC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified (subject to Section 4.7).

  • Periodic Payouts: On the 15th of each March and September, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid.

  • GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified(subject to Section 4.7).

  • You have two flexible options to receive the sum assured on maturity: Option A – In 5 Periodic Payouts In this option, sum assured is paid in 5 installments spread over last 5 years till the policy maturity, as shown in the illustration below.


More Definitions of Periodic Payouts

Periodic Payouts. On April 15, 2006, and the 15th day of each month thereafter, we will pay you all accrued and unpaid interest. If such date is not a Business Day, the Periodic Payout is made on the next following Business Day without interest for the period payment is deferred. OPTIONAL REDEMPTION: Optional redemptions under ss.3.02 may be made solely with respect to the "survivor option" described in the prospectus supplement dated May 5, 2005 for the Program and the pricing supplement for Hartford Life Global Funding Trust 2006-021.
Sample 1
Periodic Payouts. On the 15th of each March, June, September and December, GELAAC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, unless such day is in the following calendar month in which case the immediately preceding Business Day) (each, an “Interest Payment Date”).
Sample 1
Periodic Payouts. On the 15th of each February, May, August and November, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, unless such day is in the following calendar month in which case the immediately preceding Business Day) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid. Notwithstanding the foregoing, a Periodic Payout will not be made on November 15, 2009.
Sample 1
Periodic Payouts. On June 15, 2006, and on the 15th day of each September, December, March and June (each a "Periodic Payout Date") thereafter, we will pay you all the accrued and unpaid interest on outstanding Fund Balances. If such date is not a Business Day, the Periodic Payout Date is the next Business Day, unless such day is in the following calendar month in which case the Periodic Payout Date is the immediately preceding Business Day.
Sample 1

Related to Periodic Payouts

  • Periodic Payments means all installments or similar recurring payments that Borrower may now or hereafter become obligated to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrower and Bank.

  • Periodic Payment means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument.

  • Periodic Payment Requirement for any Calculation Period means the total dollar amount of Securitization Charge Collections reasonably calculated by the Servicer in accordance with Section 4.01 of the Servicing Agreement as necessary to be received during such Calculation Period (after giving effect to the allocation and distribution of amounts on deposit in the Excess Funds Subaccount at the time of calculation and that are projected to be available for payments on the Securitization Bonds at the end of such Calculation Period and including any shortfalls in Periodic Payment Requirements for any prior Calculation Period) in order to ensure that, as of the last Payment Date occurring in such Calculation Period, (a) all accrued and unpaid interest on the Securitization Bonds then due shall have been paid in full on a timely basis, (b) the Outstanding Amount of the Securitization Bonds is equal to the Projected Unpaid Balance on each Payment Date during such Calculation Period, (c) the balance on deposit in the Capital Subaccount equals the Required Capital Level and (d) all other fees and expenses due and owing and required or allowed to be paid under Section 8.02 of the Indenture as of such date shall have been paid in full; provided, that, with respect to any Annual True-Up Adjustment or Interim True-Up Adjustment occurring after the date that is one year prior to the last Scheduled Final Payment Date for the Securitization Bonds, the Periodic Payment Requirements shall be calculated to ensure that sufficient Securitization Charges will be collected to retire the Securitization Bonds in full as of the next Payment Date.

  • Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over the outstanding principal balance specified for such Payment Date on the Expected Amortization Schedule.

  • Periodic Rate Cap With respect to each Adjustable Rate Mortgage Loan and any Adjustment Date therefor, the fixed percentage set forth in the related Mortgage Note, which is the maximum amount by which the Mortgage Rate for such Mortgage Loan may increase or decrease (without regard to the Maximum Mortgage Rate or the Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in effect immediately prior to such Adjustment Date.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Periodic Rate Floor With respect to each Adjustable Rate Mortgage Loan, the provision of each Mortgage Note which provides for an absolute maximum amount by which the Mortgage Interest Rate therein may decrease on an Interest Rate Adjustment Date below the Mortgage Interest Rate previously in effect. Person: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Periodic Review means a review conducted by Ofwat for the purpose of determining one or more Price Controls in accordance with Part III of Condition B, but so that references in Part IV of Condition B to a Periodic Review shall exclude any review carried out under paragraph 11 of that Condition and shall include the determination by the Competition and Markets Authority of the relevant questions or, as the case may be, the disputed determination referred to it under paragraph 16 of Condition B;

  • Periodic Billing Requirement means, for any Remittance Period, the aggregate amount of Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • basic pay means the rate of pay negotiated by the parties to this agreement, including add-to-pay resulting from salary protection;

  • Deferred Revenue is all amounts received or invoiced in advance of performance under contracts and not yet recognized as revenue.

  • Scheduled Bank means a bank included in the second schedule to the Reserve Bank of India Act, 1934, or modification thereto.

  • Regular Periodic Cash Dividend means cash dividends paid at regular intervals in any fiscal year of the Corporation to the extent that such cash dividends do not exceed, in the aggregate, the greatest of:

  • Annually means once every financial year;