PURCHASE PAYMENTS definition

PURCHASE PAYMENTS. [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

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PURCHASE PAYMENTS. Purchase Payments are payable according to the frequency and in the amount selected by you. The initial Purchase Payment is due on the Issue Date. We reserve the right to decline any Purchase Payment. The Minimum Subsequent Purchase Payment and the Maximum Total Purchase Payments allowed are shown on the Contract Schedule.

PURCHASE PAYMENTS means the amounts required to be paid by the Company pursuant to Section 3.3.

Examples of PURCHASE PAYMENTS in a sentence

• Loan Payments and Purchase Payments required to be paid by or on behalf of the Borrower hereunder shall be received by the Issuer or the Trustee as net sums and the Borrower agrees to pay or cause to be paid all charges against or which might diminish such net sums.

• The Borrower consents to such pledge and assignment and agrees to make or cause to be made Loan Payments and Purchase Payments directly to the Trustee without defense or set-off by reason of any dispute between the Borrower and the Trustee.

• To the extent that moneys on deposit in the Remarketing Proceeds Purchase Account or the Letter of Credit Purchase Account established under the Indenture are insufficient to pay the full purchase price of Bonds payable pursuant to Sections 4.01 and 4.02 of the Indenture on the applicable Purchase Date, the Borrower shall also pay to the Trustee as Purchase Payments for deposit in the Borrower Purchase Account established under the Indenture amounts sufficient to cover the shortfalls.

More Definitions of PURCHASE PAYMENTS

PURCHASE PAYMENTS means payments on the actual

PURCHASE PAYMENTS. The initial Purchase Payment is due on the Issue Date. The minimum and maximum subsequent Purchase Payments are shown on the Contract Schedule. The Company reserves the right to reject any forms required to issue the Contract or to reject any Purchase Payment.

PURCHASE PAYMENTS. The initial purchase payment is due on the contract date. The minimum subsequent purchase payments and maximum total purchase payments are shown on the contract data page. Subject to the minimum and maximum payments shown on the contract data page, you may increase or decrease or change the frequency of subsequent purchase payments. We reserve the right to reject any purchase payment.

PURCHASE PAYMENTS. The initial Purchase Payment must be paid on the Contract Date. In general, subsequent Purchase Payments may be made at any time before the Annuity Date. However, no Purchase Payments may be made on or after the sole or older of the Owner's or Joint Owner's, or Annuitant's, 85th birthday, and we reserve the right to decline any Purchase Payment. The Minimum Subsequent Purchase Payment, Annual Purchase Payment Limits and Aggregate Purchase Payment Limit are shown on the Contract Data pages.

PURCHASE PAYMENTS. This is the dollar amount we receive in U.S. currency to buy the benefits this contract provides.

PURCHASE PAYMENTS. Amounts paid into this Contract by the Owner.

PURCHASE PAYMENTS. The initial Purchase Payment must be paid on the Contract Date. In general, subsequent Purchase Payments may be made at any time before the Annuity Date. However, no Purchase Payments may be made on or after the Owner's or Annuitant's 80th birthday. The Minimum Subsequent Purchase Payment, Annual Purchase Payment Limits and Aggregate Purchase Payment Limit are shown on the Contract Data pages.