Surrender Fee definition

Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) __ _ | Less than 2 years 7% | | 2 or more but less than 4 years 6% | | 4 or more but less than 5 years 5% | | 5 or more but less than 6 years 4% | | 6 or more but less than 7 years 3% | | 7 years or more 0% | |_ _| G-MP2(5/97)-1 Contract Schedule I (Continued) Accumulation Period Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------------------------------------------------------------ Systematic Withdrawal Option (SWO): The specified payment or specified percentage may not be greater than [10%] of the Account's Current Value at time of election.
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Surrender Fee means the charge for the surrender, to the District, of a Right of Interment for an unoccupied Lot.
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Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of Net (as percentage of Purchase Payment (Years) Net Purchase Payment) Less than 1 year 7% 1 or more but less than 2 years 6% 2 or more but less than 3 years 5% 3 or more but less than 4 years 4% 4 or more but less than 5 years 3% 5 or more but less than 6 years 2% 6 or more but less than 7 years 1% 7 years or more 0% Systematic Withdrawal The specified payment or specified percentage may Option (SWO) not be greater than 10% of the Current Value at time Percentage: of election. Contract Schedule I (Cont'd) Accumulation Period Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------- SWO Minimum Initial $20,000 Current Value: SWO Minimum Payment $100 Amount:
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Examples of Surrender Fee in a sentence

  • The Surrender Fee will be in accordance with the Surrender Fee table in 6.02.

  • After deduction of the Maintenance Fee, if applicable, the surrendered amount shall be reduced by a Surrender Fee, if applicable.

  • The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I).

  • A Surrender Fee will not be deducted from the Adjusted Current Value.

  • A Surrender Fee may apply to any full or partial surrender (see 3.14 and Contract Schedule I).

  • After deduction of the Maintenance Fee, if any, Aetna will reduce the amount payable upon surrender of any portion of the Current Value by a Surrender Fee.

  • A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO.

  • Any Maintenance Fee and Surrender Fee charged at the time of surrender on the amount being reinvested will be included in the reinstatement.

  • Any reference to "partial and/or full Withdrawals" in this Endorsement includes references to "Surrender" for those contracts and certificates being endorsed that use such terminology.Any reference to "Withdrawal Charge" in this Endorsement includes references to "Withdrawal Fee" or "Surrender Fee" for those contracts and certificates being endorsed that use such terminology.

  • For each surrender, the Surrender Fee will vary according to the number of Purchase Payment Cycles completed.


More Definitions of Surrender Fee

Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) Less than 2 years 7% 2 or more but less than 4 years 6% 4 or more but less than 5 years 5% 5 or more but less than 6 years 4% 6 or more but less than 7 years 3% 7 years or more 0% Systematic Withdrawal The specified payment or specified percentage may not Option (SWO): be greater than 10% of the Account's Current Value at time of election. See 1. GENERAL DEFINITIONS for explanations. Contract Schedule II Annuity Period Separate Account ------------------------------------------------------------------------------- Charges to Separate Account: A daily charge at an annual effective rate of 1.25% for Annuity mortality and expense risks. The administrative charge is established upon election of an Annuity option. This charge will not exceed 0.25%. Variable Annuity Assumed If a Variable Annuity is chosen, an assumed Annual Net Return Rate: annual net return rate of 5.0% may be elected. If 5.0% is not elected, Aetna will use an assumed annual net return rate of 3.5%. The assumed annual net return rate factor for 3.5% per year is 0.9999058. The assumed annual net return rate factor for 5.0% per year is 0.9998663. If the portion of a Variable Annuity payment for any Fund is not to decrease, the Annuity return factor under the Separate Account for that Fund must be:
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Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) __ _ | Less than 1 year 3% | | More than 1 but less than 2 years 2% | | More than 2 but less than 3 years 1% | | More than 3 years 0% | |_ _| G-MP2(5/97)-2 Contract Schedule I (Continued) Accumulation Period Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------------------------------------------------------------ Systematic Withdrawal Option (SWO): The specified payment or specified percentage may not be greater than [10%] of the Account's Current Value at time of election.
Sample 1
Surrender Fee. The Surrender Fee does not apply to this Contract.
Sample 1
Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Net Purchase Payment which is paid: (a) To a Beneficiary due to the Annuitant's death before Xxxxxxx payments start, up to a maximum of the aggregate Net Purchase Payment(s) minus the total of all partial surrenders, amounts applied to an Annuity and deductions made prior to the Annuitant's date of death; (b) As a premium for an Annuity option 2, 3 or 4 under this Contract (see 4.07); (c) As a distribution under the SWO provision (see 3.10); (d) At least 12 months after the date of the first Purchase Payment to the Account, in an amount equal to or less than 15% of the Current Value. This applies to the first surrender request, partial or full, in a calendar year. The Current Value is calculated as of the date the surrender request is received in good order at Aetna's Home Office. This waiver is not available to the Contract Holder while SWO is in effect; or (e) For a full surrender where the Account's Current Value is $2,500 or less and no surrenders have been taken from the Contract within the prior 12 months.
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Surrender Fee means the fee of $100,000 payable to Vincent DiCanio for peaceful surrender of the Property agreed upon prior to the filing of the Chapter 11 proceeding.
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Surrender Fee. (CONT'D) (b) As a premium for an Annuity option 2, 3 or 4 under this Contract (see 4.09); (c) As a distribution under the ECO or SWO provision (see 3.11); (d) At least 12 months after the date of the Purchase Payment to the Account, in an amount equal to or less than 15% of the Current Value. This applies to the first surrender request, partial or full, in a calendar year. The Current Value is calculated as of the date the surrender request is received in good order at Aetna's Home Office. This waiver is not available to the Contract Holder while SWO is in effect; or (e) For a full surrender of the Account where the Current Value of the Account is $2,500 or less and no surrenders have been taken from the Contract within the prior 12 months. 3.17 PAYMENT OF Under certain emergency conditions, Aetna may defer payment: SURRENDER VALUE: (a) For a period of up to 6 months (unless not allowed by state law); or (b) As provided by federal law under the Investment Company Act of 1940.
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Related to Surrender Fee

  • Surrender Charge means a charge levied on the Fund Value at the time of surrender of the Policy.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • Surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.

  • Transfer Fee means the fee payable by the Hirer to the Employment Business in accordance with clause 3.7, as permitted by Regulation 10 of the Conduct Regulations;

  • Ticking Fee has the meaning specified in Section 2.09(a).

  • Cash Surrender Value means an amount that equals, at any specified time, the cash surrender value as determined under the terms of the Policy.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • LC Payment Date is defined in Section 2.20.5.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Cancellation Fee is an Individual Charge to an Attendee for a reservation cancellation or “no show” or for early and unauthorized check-out. The Contractor may not charge any Cancellation Fee to an Attendee scheduled to participate in that part of a Program terminated pursuant to the termination for cause provision set forth in Exhibit A.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Agency Fee means the fee payable by the Partner to Bolt per every event of sale of the Partner’s Goods through the Bolt Food Platform for the provision of agency services to the Partner. Agreed Percentage is the percentage agreed in the Special Terms that serves as the basis for the calculation of the Agency Fee.

  • Replacement Price means the price, determined by Buyer in a commercially reasonable manner, at which Buyer purchases (if at all) substitute SRECs having the same or subsequent Reporting Year as those SRECs not delivered by Seller for the deficiency or, absent such a purchase, the Market Price for such quantity of SRECs at or during the time that Seller fails to deliver the SRECs, provided that the Market Price shall never exceed the solar alternative compliance payment.

  • Face Amount means, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

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

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to: