Market Close Sample Clauses

Market Close. A Market Close is the close of the regular or core trading session on the market used to measure a given Indexed Strategy. VESTED GAIN OR LOSS DURING A TERM Vesting Factor Positive Index Change Negative Index Change [Dates within the first six months of a Term] [25 %] [100 %] [Dates within the final six months of a Term, but before the final Market Date of the Term] [50 %] [100 %] After reaching the final Market Day of a Term 100 % 100 % [The final six months of a Term start with the date that is six months after the first day of the Term.] EARLY WITHDRAWAL CHARGE Contract Year 1 2 3 4 5 6 7 8+ Early Withdrawal Charge Rate 9 % 8 % 7 % 6 % 5 % 4 % 2 % 0 % Free Withdrawal Percentage: [10%] OWNER Owner The Owner of this Contract is the person who possesses all of the ownership rights under this Contract. The Owner on the Contract Effective Date is set out on the Contract Specifications page. If the cover page of this Contract states that it is a Nonqualified Annuity, then it may be owned by two persons jointly. If there is a joint Owner, the term “Owner” includes the joint Owner, and you must exercise all rights of ownership by joint action. You may change the Owner as provided in the Change of Owner provision of this Contract. A surviving spouse may become the Owner pursuant to the Successor Owner provision of this Contract. If an Owner is a trust, custodial account, corporation, limited liability company, partnership, or other entity, then the age of the eldest Xxxxxxxxx is treated as the age of the Owner for all purposes of this Contract.
Sample 1Sample 2
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Market Close. A Market Close is the close of the regular or core trading session on the market used to measure a given Indexed Strategy. P1833621NW 4 EARLY WITHDRAWAL CHARGE Contract Year 1 2 3 4 5 6 7+ Early Withdrawal Charge Rate 9 % 8 % 7 % 6 % 5 % 4 % 0 % Free Withdrawal Percentage: [10%] OWNER Owner The Owner of this Contract is the person who possesses all of the ownership rights under this Contract. The Owner on the Contract Effective Date is set out on the Contract Specifications page. If the cover page of this Contract states that it is a Nonqualified Annuity, then it may be owned by two persons jointly. If there is a joint Owner, the term “Owner” includes the joint Owner, and you must exercise all rights of ownership by joint action. You may change the Owner as provided in the Change of Owner provision of this Contract. A surviving spouse may become the Owner pursuant to the Successor Owner provision of this Contract. If an Owner is a trust, custodial account, corporation, limited liability company, partnership, or other entity, then the age of the eldest Xxxxxxxxx is treated as the age of the Owner for all purposes of this Contract.
Sample 1Sample 2
Market Close. A Market Close is the close of the regular or core trading session on the market used to measure a given Indexed Strategy. VESTED GAIN OR LOSS DURING A TERM Vesting Factor Positive Index Change Negative Index Change [Dates within the first six months of a Term] [25 %] [100 %] [Dates within the final six months of a Term, but before the final Market Date of the Term] [50 %] [100 %] After reaching the final Market Day of a Term 100 % 100 % [The final six months of a Term start with the date that is six months after the first day of the Term.] EARLY WITHDRAWAL CHARGE Contract Year 1 2 3 4 5 6+ Early Withdrawal Charge Rate 8 % 7 % 6 % 5 % 4 % 0 % Free Withdrawal Percentage: [10%]
Sample 1Sample 2
Market Close. A Market Close is the close of the regular or core trading session on the market used to measure a given Indexed Strategy. MARKET VALUE ADJUSTMENT MVA Index Interest Rate: [BofA Xxxxxxx Xxxxx 5-10 Year US Corporate Bond Index] [This annuity is not sponsored, endorsed, sold or promoted by Xxxxxxx Lynch, Xxxxxx, Xxxxxx & Xxxxx Incorporated or any affiliate thereof (collectively “BofA Xxxxxxx Xxxxx”). BofA Xxxxxxx Xxxxx has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the annuity, nor makes any representation or warranty, express or implied, to the owners of the annuity or any member of the public regarding the annuity or the advisability of investing in the annuity, particularly the ability of the BofA Xxxxxxx Xxxxx 5-10 Year US Corporate Bond Index (“Indices”) to track performance of any market or strategy. XxxX Xxxxxxx Xxxxx’s only relationship to the Great American Life Insurance Company (“Licensee”) is the licensing of certain trademarks and trade names and indices or components thereof. The Indices are determined, composed, and calculated by BofA Xxxxxxx Xxxxx without regard to the Licensee or the annuity or its holders. BofA Xxxxxxx Xxxxx has no obligation to take the needs of the Licensee or the holders of the annuity into consideration in determining, composing, or calculating the Indices. BofA Xxxxxxx Xxxxx is not responsible for and has not participated in the determination of the timing of, prices of, or quantities of the annuity to be issued or in the determination or calculation of the equation by which the annuity is to be priced, sold, purchased, or redeemed. BofA Xxxxxxx Xxxxx has no obligation or liability in connection with the administration, marketing, or trading of the annuity. BOFA XXXXXXX XXXXX DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA INCLUDED THEREIN AND BOFA XXXXXXX XXXXX SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, UNAVAILABILITY, OR INTERRUPTIONS THEREIN. BOFA XXXXXXX XXXXX MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, HOLDERS OF THE ANNUITY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR ANY DATA INCLUDED THEREIN. BOFA XXXXXXX XXXXX MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, WITH RESPECT TO THE INDICES OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGO...
Sample 1
Market Close. A Market Close is the close of the regular or core trading session on the market used to measure a given Indexed Strategy.
Sample 1
Market Close. A Market Close is the close of the regular or core trading session on the market used to measure a given Indexed Strategy. EARLY WITHDRAWAL CHARGE Contract Year 1 2 3 4 5 6 7+ Early Withdrawal Charge Rate 8 % 7 % 6 % 5 % 4 % 3 % 0 % Free Withdrawal Percentage: [10%] OWNER
Sample 1

Related to Market Close

  • Market Conditions Notwithstanding any provision of this Agreement to the contrary, settlement and payment for Foreign Assets received for the account of the Portfolios and delivery of Foreign Assets maintained for the account of the Portfolios may be effected in accordance with the customary established securities trading or processing practices and procedures in the country or market in which the transaction occurs, including, without limitation, delivering Foreign Assets to the purchaser thereof or to a dealer therefor (or an agent for such purchaser or dealer) with the expectation of receiving later payment for such Foreign Assets from such purchaser or dealer. The Custodian shall provide to each Board the information with respect to custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in a Board being provided with substantively less information than had been previously provided hereunder.

  • Completion Date Completion date" shall be the date on which the improvements erected and to be erected upon the leased premises shall have been completed in accordance with the plans and specifications described in article 6.00. The completion date shall constitute the commencement of the term of this Lease for all purposes, whether or not Lessee has actually taken possession. Lessor shall use its best efforts to establish the completion date as the date set forth in section 1.03. In the event that the improvements have not in fact been completed as of that date, Lessee shall notify Lessor in writing of its objections. Lessor shall have a reasonable time after delivery of the notice in which to take such corrective action as may be necessary and shall notify Lessee in writing as soon as it deems such corrective action has been completed and the improvements are ready for occupancy. Upon completion of construction, Lessee shall deliver to Lessor a letter accepting the leased premises as suitable for the purposes for which they are let and the date of such letter shall constitute the commencement of the term of this Lease. Whether or not Lessee has executed such letter of acceptance, taking possession of the leased premises by Lessee shall be deemed to establish conclusively that the improvements have been completed in accordance with the plans and specifications, are suitable for the purposes for which the leased premises are let, and that the leased premises are in good and satisfactory condition as of the date possession was so taken by Lessee, except for latent defects, if any.

  • Final Closing At the Final Closing, the Sellers shall deliver or cause to be delivered to the Buyer:

  • Final Closing Statement During the thirty (30) days following the date upon which Seller received the Notice of Disagreement, Seller and Buyer shall attempt in good faith to resolve in writing any differences that they may have with respect to all matters specified in the Notice of Disagreement. If at the end of such thirty (30) day period (or earlier by mutual agreement to arbitrate), Buyer and Seller have not reached agreement on such matters, the matters that remain in dispute may be submitted to an arbitrator (the "Closing Statement Arbitrator") by either Party for review and resolution. The Closing Statement Arbitrator shall be a nationally recognized independent public accounting firm as shall be agreed upon by Buyer and Seller in writing. The hearing date will be scheduled by the Closing Statement Arbitrator as soon as reasonably practicable, and shall be conducted on a confidential basis. Each Party shall, not later than seven days prior to the hearing date set by the Closing Statement Arbitrator, submit a brief with dollar figures for settlement of the disputes as to the amount of the Adjusted Purchase Price (together with a proposed Closing Statement that reflects such figures). The figures submitted need not be the figures discussed during prior conversations. The Closing Statement Arbitrator shall render a decision resolving the matters in dispute (which decision shall include a written statement of findings and conclusions) within three Business Days after the conclusion of the hearing, unless the Parties reach agreement prior thereto and withdraw the dispute from arbitration. The Closing Statement Arbitrator shall provide to the Parties explanations in writing of the reasons for its decisions regarding the Adjusted Purchase Price and shall issue the Final Closing Statement reflecting such decisions. The decision of the Closing Statement Arbitrator shall be final and binding on the Parties. The cost of any arbitration (including the fees and expenses of the Closing Statement Arbitrator) pursuant to this Section 3.4(b) shall be borne equally by Buyer and Seller. The fees and disbursements of Seller's independent auditors incurred in connection with the procedures performed with respect to the Closing Statement shall be borne by Seller and the fees and disbursements of Buyer's independent auditors incurred in connection with their preparation of the Notice of Disagreement shall be borne by Buyer. As used in this Agreement, the term "Final Closing Statement" shall mean the revised Closing Statement described in Section 3.4(a), as prepared by Seller and as may be subsequently adjusted to reflect any subsequent written agreement between the Parties with respect thereto, or if submitted to the Closing Statement Arbitrator, the Closing Statement issued by the Closing Statement Arbitrator.

  • Second Closing (a) In the event that prior to April 7, 2005 (the “Option Period”), a public announcement of the Clinical Event has occurred, the Company shall have the right to require a second closing (the “Second Closing”) pursuant to which the Company shall issue and sell to each Purchaser, and each Purchaser shall, severally and not jointly, purchase from the Company, one-half of such number of Units as set forth opposite such Purchaser’s name in Exhibit A attached hereto at the Per Unit Purchase Price, which shall be in addition to the Units purchased under Section 2.2. The Second Closing shall occur within two (2) business days after the public announcement of the Clinical Event. At the Second Closing, the Company shall deliver or cause to be delivered to each Purchaser the following: (i) a Warrant, registered in the name of such Purchaser, pursuant to which such Purchaser shall have the right to acquire such number of Warrant Shares as set forth opposite such Purchaser’s name on Exhibit A under the heading “Second Closing Warrant Shares,” on the terms set forth therein; (ii) an instruction letter to the Transfer Agent in the form set forth on Exhibit C hereto; and (iii) a certificate from a duly authorized officer certifying on behalf of the Company that a public announcement of the Clinical Event has occurred. At the Second Closing, each Purchaser shall instruct the Escrow Agent to deliver an amount equal to the Per Unit Purchase Price multiplied by one-half of the number of Units as set forth opposite such Purchaser’s name on Exhibit A, in United States dollars and in immediately available funds, by wire transfer to an account designated in writing to such Purchaser by the Company for such purpose, and the Company shall consent to such instruction. Each Purchaser shall have the right, at any time during the Option Period, to request a Second Closing and to purchase on the terms provided herein up to the total amount of the Units that could be purchased by such Purchaser at the Second Closing.

  • First Closing The First Closing shall have occurred.

  • The Initial Closing Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust upon the satisfaction of the following conditions precedent:

  • Initial Closing Date The obligation of each Buyer hereunder to purchase the Initial Preferred Shares at the Initial Closing is subject to the satisfaction, at or before the Initial Closing Date, of each of the following conditions, provided that these conditions are for each Buyer's sole benefit and may be waived by such Buyer at any time in its sole discretion:

  • IPO Closing The closing of the IPO shall occur substantially concurrently with the Closing.

  • Commercial Milestones In partial consideration of the rights granted by AstraZeneca to Licensee hereunder, Licensee shall pay to AstraZeneca the following payments, which shall be non-refundable, non-creditable and fully earned upon the first achievement of the applicable milestone event:

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