SUBSEQUENT PURCHASE PAYMENTS definition

SUBSEQUENT PURCHASE PAYMENTS. Subject to the minimum and maximum shown on the Contract Schedule, the Owner may make subsequent Purchase Payments and may increase or decrease or change the frequency of such payments. GENERAL ACCOUNT PROVISIONS
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SUBSEQUENT PURCHASE PAYMENTS. Cumulative Purchase Payments after the first Contract Year are limited to the Maximum Additional Purchase Payments shown in the Rider Specifications, without our consent. Purchase Payments are allocated to the Guaranteed Interest Options and/or the Sub-Accounts as you direct, subject to the provisions in the Contract Value Allocation Options section. Minimum Contract Value Any provision in your contract requiring there be a minimum Contract Value as of the date of any withdrawal is waived while this rider is in effect. ICC14-70270 Minnesota Life 2 Impact of Divorce If the Designated Life is removed as the Owner of the contract (or Annuitant, in the case of an Owner that is not a natural person), due to a divorce or qualified dissolution order, this rider will terminate. Recovery of Excess Payments We may recover from you or your estate any payments made after the death of the Designated Life. Joint Owners/Joint Annuitants A Joint Owner is not permitted while this rider is in effect. If the contract Owner is not a natural person, a Joint Annuitant is not permitted while this rider is in effect. Calculation of Benefit Values Benefit Base The initial Benefit Base will be set to the initial Purchase Payment. For each subsequent Purchase Payment prior to the later of the first Contract Anniversary or the date of the first withdrawal, the Benefit Base will be increased by the amount of the subsequent Purchase Payment(s). For any subsequent Purchase Payment on or after the later of the first Contract Anniversary or the date of the first withdrawal, there will be no increase to the Benefit Base as a result of the Purchase Payment(s). Prior to the Benefit Date, any amount you withdraw is considered an excess withdrawal and will cause the Benefit Base to be reduced by an amount equal to (a) multiplied by (b) divided by (c) where:
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SUBSEQUENT PURCHASE PAYMENTS. Subject to the maximum and minimum shown on the Contract Data Page, the Owner may make subsequent Purchase Payments and may increase or decrease or change the frequency of such payments.
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Examples of SUBSEQUENT PURCHASE PAYMENTS in a sentence

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the initial Purchase Payment.

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the first Purchase Payment.

  • THEREAFTER, THE HIGHEST ANNIVERSARY VALUE AS RECALCULATED WILL BE INCREASED BY SUBSEQUENT PURCHASE PAYMENTS AND REDUCED PROPORTIONATELY BY THE PERCENTAGE REDUCTION IN ACCOUNT VALUE ATTRIBUTABLE TO EACH SUBSEQUENT PARTIAL WITHDRAWAL.

  • FOR PURPOSES OF THIS RIDER, SBL RESERVES THE RIGHT TO RESTRICT SUBSEQUENT PURCHASE PAYMENTS.

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made subsequent to the Initial Purchase Payment.

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the Initial Purchase Payment.

  • MINIMUM VALUE REQUIRED IF SUBSEQUENT PURCHASE PAYMENTS NOT MADE The Company reserves the right to terminate a Contract if the Contract Value on any Business Day falls below $1,000 and no Purchase Payments were received by the Company during the then current Contract Year and the two (2) immediately preceding Contract Years.

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made subsequent to the first Purchase Payment.

  • WE RESERVE THE RIGHT TO LIMIT SUBSEQUENT PURCHASE PAYMENTS ON A NON-DISCRIMINATORY BASIS AS DESCRIBED IN THE PAYMENT LIMITS PROVISION.

  • SUBSEQUENT PURCHASE PAYMENTS - While this Rider is in effect, Purchase Payments may be made only during the first 120 days from the Contract Date.


More Definitions of SUBSEQUENT PURCHASE PAYMENTS

SUBSEQUENT PURCHASE PAYMENTS. Purchase Payments, after the first, may be made at any time without prior notice to Penn Mutual. The minimum subsequent Purchase Payment is $50 for Qualified Plans and $300 for Nonqualified Plans. Total Purchase payments in any calendar year may not exceed $1,000,000 without the consent of Penn Mutual.
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Related to SUBSEQUENT PURCHASE PAYMENTS

  • 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.]

  • Subsequent Purchase Agreement means an agreement by and between the Seller and the Purchaser pursuant to which the Purchaser will acquire Subsequent Receivables, substantially in the form of Exhibit A hereunder.]

  • Subsequent Purchaser Any Person that acquires an interest in a Mortgage Loan from Purchaser.

  • Purchase Payment A payment made toward this Contract.

  • Over-allotment Purchase Price The Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds to the Company at least one business day prior to the Over-Allotment Closing Date in accordance with the Company’s wiring instructions. On the Over-allotment Closing Date, upon the payment by the Purchaser of the Over-allotment Purchase Price, the Company shall, at its option, deliver a certificate evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Warrant Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Component purchases means purchases of the component parts of an item that in normal purchasing practices would be made in one purchase. “Separate purchases” means purchases, made sep- arately, of items that in normal purchasing practices would be made in one purchase. “Sequential purchases” means purchases, made over a period, of items that in normal purchasing practices would be made in one purchase.

  • Wholesale distribution means distribution of prescription drugs to persons other than consumers or

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Per Pre-Funded Warrant Purchase Price equals $0.0001, subject to adjustment for reverse and forward share splits, share dividends, share combinations and other similar transactions relating to shares of Common Stock that occur after the date of this Agreement.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Receivables Purchase Price means $1,375,000,017.71.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Alternate Adjusted Regular Purchase Share Limit means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, the maximum number of Purchase Shares which, taking into account the applicable per share Purchase Price therefor calculated in accordance with this Agreement, would enable the Company to deliver to the Investor, on the applicable Purchase Date for such Regular Purchase, a Regular Purchase Notice for a Purchase Amount equal to, or as closely approximating without exceeding, One Hundred Fifty Thousand Dollars ($150,000).

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).