Savings Alternative definition

Savings Alternative means the alternative under a Savings Linked Insurance Policy related to a Savings Mortgage Loan whereby the Savings Premium is deposited by the relevant Savings Participant in a savings account held in the name of the relevant Insurance Company with the relevant Transferor;
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Savings Alternative means in respect of a Life Mortgage Loan with the possibility of a Savings Element, the alternative whereby the Savings Investment Premiums are used to build up a savings deposit.
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Examples of Savings Alternative in a sentence

  • In the Insurance Savings Participation Agreement the Insurance Savings Participant has undertaken to pay to the CBC amounts equal to all amounts received as Savings Premium on the Savings Insurance Policies, with respect to de Volksbank, with the Savings Alternative.

  • The Savings Participant hereby undertakes with the CBC that upon a request from any of the Borrowers for a Savings Switch, the Savings Participant shall use its best efforts to ensure that the relevant Transferor shall repurchase and accept the reassignment of the relevant Switch Mortgage Receivable with the Savings Alternative pursuant to Clause 5.4 of the Guarantee Support Agreement.

  • In return, the Insurance Savings Participant is entitled to receive the Insurance Savings Participation Redemption Available Amount in respect of the Savings Mortgage Receivable or Switch Mortgage Receivable with a Savings Alternative from the Issuer.

  • In the Insurance Savings Participation Agreement the Insurance Savings Participant has undertaken to pay to the CBC amounts equal to all amounts received as Savings Premium on the Savings Insurance Policies, with respect to SNS Bank, with the Savings Alternative.

  • Savings PremiumThe conditions applicable to the Savings Mortgage Loans to which a Savings Insurance Policy with the Savings Alternative is connected, stipulate that the Savings Premia paid by the Borrowers/insured will be deposited by the Savings Insurance Company on a savings account held with SNS Bank.

  • The Quion Mortgage Loans will not include any Life Mortgage Loans with a Savings Alternative.

  • We adopt an analysis of communica- tive acts that has been developed as a criticism of Austin’s (1962) analysis of speech acts, (which is also the analysis adopted by Searle and Habermas) in terms of locu- tionary, illocutionary, and perlocutionary acts (for a criticism of this c.f. e.g. Allwood, 1977; 1978).

  • Savings PremiumThe conditions applicable to the Savings Mortgage Loans to which a Savings Insurance Policy with the Savings Alternative is connected, stipulate that the Savings Premia paid by the Borrowers/insured will be deposited by the Savings Insurance Company on a savings account held with the Seller.

  • Now, I want to ask the Premier this question, and I hope he will deal with it fully.

  • Subject to clause 3 of the Parallel Debt Agreement and clauses 12, 13 and 14 of the Trust Deed, the Insurance Savings Participant shall effect payments under the Savings Insurance Policy and the Life Insurance Policy with a Savings Alternative, respectively, related to Savings Mortgage Loans and Life Mortgage Loans with a Savings Element, respectively, which are subject to an Insurance Savings Participation, where reasonably possible and to the extent permitted, to the CBC by way of set-off.

Related to Savings Alternative

  • Alternative program means a non-disciplinary monitoring or practice remediation process approved by a physical therapy licensing board. This includes, but is not limited to, substance abuse issues.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Statewide popular election means a general election in which votes are cast for

  • Retirement fund means the "Washington law enforcement

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Participating Retail Health Clinic means a Retail Health Clinic which has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.