RENEWAL INTEREST definition

RENEWAL INTEREST. RATE The rate(s) of interest declared by Us applicable to transfers from the Subaccounts into the Fixed Account Options and to amounts previously allocated to a Fixed Account Option wherein the Guarantee Period has expired. The Renewal Interest Rate may not be less than the Minimum Guarantee Rate as shown on the Contract Data Page. SEPARATE ACCOUNT A segregated asset account named on the Contract Data Page. The Separate Account consists of the Subaccounts, each investing in the shares of the corresponding variable Portfolio. The assets of the Separate Account are not comingled with the general assets and liabilities of the Company. The value of amounts allocated to the Subaccounts of the Separate Account is not guaranteed. SUBACCOUNT One or more divisions of the Separate Account which invests in shares of the corresponding variable Portfolios. Each Subaccount is not chargeable with liabilities arising out of any other Subaccount. The available Subaccounts are shown on page 4. VARIABLE ANNUITY A series of periodic annuity payments which vary in amount according to the investment experience of one or more Subaccounts, as selected by You. WE, OUR, US, THE COMPANY Anchor National Life Insurance Company. YOU, YOUR The Owner. PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company declared minimums and maximums, You may change the amounts, frequency or timing of Purchase Payments. Purchase Payments will be allocated to the Fixed Account Option(s) and Subaccount(s) in accordance with instructions from You. We reserve the right to specify the minimum Purchase Payment that may be allocated to a Subaccount under the Contract. DEFERMENT OF PAYMENTS We may defer making payments from the Fixed Account Options for up to six (6) months. Interest, subject to state requirements, will be credited during the deferral period. SUSPENSION OF PAYMENTS We may suspend or postpone any payments from the Subaccounts if any of the following occur:
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RENEWAL INTEREST. RATE The rate(s) of interest declared by Us applicable to transfers from the Variable Portfolios and/or Fixed Account Option(s) into any of the Fixed Account Options and to amounts previously allocated to a Fixed Account Option wherein the Guarantee Period has expired. The Renewal Interest Rate may not be less than the Minimum Guarantee Rate as shown on the Contract Data Page. SEPARATE ACCOUNT The segregated asset account named on the Contract Data Page. The Separate Account consists of several Variable Portfolios, each investing in the shares of the Underlying Fund(s) of the trust(s). The assets of the Separate Account are not commingled with the general assets and liabilities of the Company. Each Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The value of amounts allocated to the Variable Portfolios of the Separate Account is not guaranteed. SPECIFIED ANNUITY DATE The anticipated Annuity Date specified by You as shown on Contract Data page 3. This date may be changed by You in writing prior to the Annuity Date, but in no event can it be later than the Latest Annuity Date. If this date is not specified, it will be the Latest Annuity Date.
Sample 1
RENEWAL INTEREST. RATE The rate(s) of interest declared by Us applicable to transfers from the Variable Portfolios into the Fixed Account Options and to amounts previously allocated to a Fixed Account Option wherein the Guarantee Period has expired. The Renewal Interest Rate may not be less than the Minimum Guarantee Rate as shown on the Contract Data Page. SEPARATE ACCOUNT A segregated asset account named on the Contract Data Page. The Separate Account consists of the Variable Portfolios. The assets of the Separate Account are not comingled with the general assets and liabilities of the Company. The value of amounts allocated to the Variable Portfolios of the Separate Account is not guaranteed. SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the Initial Purchase Payment. TOTAL INVESTED AMOUNT The sum of all Purchase Payments less amounts previously withdrawn that incurred a Withdrawal Charge, less Purchase Payments withdrawn that were no longer subject to a Withdrawal Charge. VARIABLE ANNUITY A series of periodic annuity payments which vary in amount according to the investment experience of one or more Variable Portfolio, as selected by You. The variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in an underlying fund of the Anchor Series Trust or the SunAmerica Series Trust. Each Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on page 4. Additional Variable Portfolios may become available in the future.
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Examples of RENEWAL INTEREST in a sentence

  • RENEWAL INTEREST RATE The rate(s) of interest declared by Us applicable to transfers from the Subaccounts into the Fixed Account Options and to amounts previously allocated to a Fixed Account Option wherein the Guarantee Period has expired.

  • Capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in the Loan Agreement.THIS RENEWAL INTEREST BEARING INSTALLMENT NOTE (REAL ESTATE) RENEWS, AMENDS, RESTATES AND REPLACES THAT CERTAIN INTEREST BEARING INSTALLMENT NOTE (REAL ESTATE) DATED APRIL 30, 2010 ISSUED BY BORROWER TO BANK IN THE ORIGINAL PRINCIPAL AMOUNT OF THREE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($3,500,000.00) (THE “PRIOR NOTE”).

  • RENEWAL INTEREST RATE The rate(s) of interest declared by Us applicable to transfers from the Subaccounts and/or Fixed Account Option(s) into the 1-Year Fixed Account Option and to amounts previously allocated to the 1-Year Fixed Account Option wherein the Guarantee Period has expired.


More Definitions of RENEWAL INTEREST

RENEWAL INTEREST. RATE The rate(s) of interest declared by Us applicable to transfers from the Subaccounts into the Fixed Account Options and to amounts previously allocated to a Fixed Account Option wherein the Guarantee Period has expired. The Renewal Interest Rate may not be less than the Minimum Guarantee Rate as shown on the Contract Data Page. SEPARATE ACCOUNT A segregated asset account named on the Contract Data Page. The Separate Account consists of the Subaccounts, each investing in the shares of the corresponding variable Portfolio. The assets of the Separate Account are not comingled with the general assets and liabilities of the Company. The value of amounts allocated to the Subaccounts of the Separate Account is not guaranteed. SUBACCOUNT One or more divisions of the Separate Account which invests in shares of the corresponding variable Portfolios. Each Subaccount is not chargeable with liabilities arising out of any other Subaccount. The available Subaccounts are shown on page 4. VARIABLE ANNUITY A series of periodic annuity payments which vary in amount according to the investment experience of one or more Subaccounts, as selected by You. WE, OUR, US, THE COMPANY Anchor National Life Insurance Company. YOU, YOUR The Owner.
Sample 1

Related to RENEWAL INTEREST

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Additional Interest means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Financial Interest means either:

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Initial Interest Period shall have the meaning set forth in Section 2.3.1.

  • Mineral interest means the interest in the minerals beneath the surface of a tract of land. A mineral interest may be severed from the ownership of the surface of the tract. Ownership of a mineral interest generally involves four incidents of ownership: (1) the right to use the surface; (2) the right to incur costs and retain profits, also called the right to develop; (3) the right to transfer all or a portion of the mineral interest; and (4) the right to retain lease benefits, including bonuses and delay rentals.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • Post-ARD Additional Interest With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, all interest accrued on the principal balance of such ARD Mortgage Loan at the Post-ARD Additional Interest Rate (the payment of which interest shall, under the terms of such ARD Mortgage Loan, be deferred until the principal balance of such ARD Mortgage Loan and all other interest thereon has been paid in full), together with all interest, if any, accrued at the related Mortgage Rate on such deferred interest.

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • Late Payment Interest means and refer to interest on a particular Late Payment at the Default Rate.

  • Collateral Senior Additional Interest shall have the meaning specified in subsection 4.02(d).

  • Substantial interest means holding of a beneficial interest by an individual or his spouse or minor child, whether singly or taken together in the shares of a company, the amount paid up on which exceeds ten per cent of the paid up capital of the company; or the capital subscribed by all the partners of a partnership firm;

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Optimal Interest Remittance Amount For any Distribution Date, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period less the Premium Percentage, divided by (y) 12 and (2) the applicable Aggregate Collateral Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount that do not arise as a result of a default or delinquency of the Mortgage Loans.

  • Interest Notice Period shall have the meaning set forth in Section 2(a).

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.