Examples of Tenth Anniversary Date in a sentence
If you have taken a Non-Lifetime Withdrawal prior to the Tenth Anniversary Date, we will reduce the Guaranteed Base Value by the same ratio as the amount of the Non-Lifetime Withdrawal to the Account Value prior to the withdrawal.
For each Lease Year after the first Lease Year commencing with the Common Tenth Anniversary Date, Minimum Rent shall increase based upon increases in the Extension Index preceding each Lease Year over the Extension Index preceding the previous Lease Year.
By way of example only, if during the time period from the Eighth Anniversary Date through the Tenth Anniversary Date, Grantee has paid Compensation to Full Time Workers in the aggregate amount of Sixty Million Dollars ($60,000,000), Grantee would owe a Recapture Payment to the Authority in the amount of Twelve Million Dollars ($12,000,000) multiplied by 3.5%, equal to Four Hundred Twenty Thousand Dollars ($420,000).
Unless designated as a Non-Lifetime Withdrawal, Required Minimum Distributions are considered a Lifetime Withdrawal from your Annuity; therefore, no GMAVC, as described below, will be applied if such withdrawal is made prior to the Tenth Anniversary Date.
Thus, for example, the Minimum Rent for the third Lease Year following the Common Tenth Anniversary Date shall be determined based upon increases in the Extension Index preceding such third Lease Year over the Extension Index preceding the second Lease Year following the Common Tenth Anniversary Date.
Accordingly, for each Lease Year following the first Lease Year after the Common Tenth Anniversary Date, Minimum Rent in effect for the Lease Year preceding each such Lease Year shall be multiplied by a fraction the numerator of which is the Extension Index preceding such Lease Year and the denominator of which is the Extension Index preceding the Lease Year prior to such Lease Year.
Accordingly, Minimum Rent for the first Lease Year commencing with the Common Tenth Anniversary Date shall be equal to the Third Period Minimum Rent for the Lease Year preceding the Common Tenth Anniversary Date multiplied by a fraction the numerator of which is the Extension Index preceding the Common Tenth Anniversary Date and the denominator of which is the Beginning Index.
For each Accounting Period commencing with the Common Tenth Anniversary Date and continuing throughout the remainder of the Term, Minimum Rent shall, at Landlord's option, be increased based upon increases in the Index as hereafter provided or if Landlord does not elect to increase Minimum Rent based upon changes in the Index as hereafter provided, Minimum Rent for the remainder of the Term commencing with the Common Tenth Anniversary Date shall be the rental equal to the Third Period Minimum Rent.
In the event Landlord elects to increase Minimum Rent based upon changes in the Index and so notifies Tenant, Minimum Rent for the first Lease Year commencing with the Common Tenth Anniversary Date shall be increased based upon increases in the Extension Index preceding the Common Tenth Anniversary Date over the Beginning Index.
Guaranteed Minimum Account Value Credit ("GMAVC"): The GMAVC is equal to the difference between (a) the Guaranteed Base Value and (b) the Account Value on the Tenth Anniversary Date.