Inactive Contract definition

Inactive Contract. If, at any time prior to the Annuity Date, all of the conditions listed under Inactive Contract on the Contract Schedule are met, We will terminate this Contract. If the Contract is terminated under this provision, We will pay You the Surrender Value in a lump sum.
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Inactive Contract means any Contract for which performance has been completed or that has terminated, whether or not performance under any such Contract has been completed or has terminated prior to the Distribution Date, including inactive Contracts and Contracts in the close-out process.
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Inactive Contract means those Contracts which provide for the delivery of products or the rendering of contract-defined deliverable services, excluding warranties, by a Parent and with respect to which the final product has been delivered and the final service has been rendered prior to the Closing Date.
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Examples of Inactive Contract in a sentence

  • Ms. Rasmussen stated that the one application included a total of 1 acre-foot unit for transfer under Northern Water’s Inactive Contract Account Rule.

  • Ms. Rasmussen stated that the seven applications included a total of 103 acre-foot units for transfer under Northern Water’s Inactive Contract Account Rule.

  • Ms. Rasmussen stated that the three Inactive Account applications included a total of 95 acre-foot units for transfer under Northern Water’s Inactive Contract Account Rule.

  • Ms. Rasmussen stated that the one application included a total of 27 acre-foot units for transfer under Northern Water’s Inactive Contract Account Rule.

  • Each contract providing for the provision of products and services to customers by either Parent shall be designated as either an Active Contract or an Inactive Contract on Schedule 4.10.

  • Director Trowbridge moved to approve Allotment Contract Application No. 19 under Northern Water’s Inactive Contract Account Rule as presented, contingent upon: (1) the applications meeting all statutory requirements, rules, and criteria previously established by the Board, including the criteria of the Base Water Supply Policy; (2) completion of all prescribed public record checks; and (3) payment by applicants of all costs and charges due Northern Water.

  • Ms. Rasmussen stated that the one Inactive Account application included 12 acre-foot units for transfer under Northern Water’s Inactive Contract Account Rule.

  • Director Williams moved to approve application No. 9 under Northern Water’s Inactive Contract Account Rule as presented, contingent upon: (1) the application meeting all statutory requirements, rules, and criteria previously established by the Board, including the criteria of the Base Water Supply Policy; (2) completion of all prescribed public record checks; and (3) payment by applicants of all costs and charges due Northern Water.

  • Updated prospectuses and annual and semi-annual reports for the underlying funds are provided to Inactive Contract owners.

  • Director Rusch moved to approve Allotment Contract Application No. 9 under Northern Water’s Inactive Contract Account Rule as presented, contingent upon: (1) the applications meeting all statutory requirements, rules, and criteria previously established by the Board, including the criteria of the Base Water Supply Policy; (2) completion of all prescribed public record checks; and (3) payment by applicants of all costs and charges due Northern Water.


More Definitions of Inactive Contract

Inactive Contract. If permitted by law, we may terminate this Contract by paying you the Contract Value, in one sum if prior to the Maturity Date, (i) you make no Purchase Payments for two consecutive Contract Years, (ii) the total amount of Purchase Payments made, less any partial withdrawals, is less than $2,000, and (iii) the Contract Value on or after the end of such two year period is less than $2,000.
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Inactive Contract means a contract regardless of classification that contains obligations that have expired, and it shall include such contract that must be retained for regulatory, legal and/or operational purposes beyond its expiry.
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Inactive Contract means Seller's rights to or under any master lease or master rental agreement (including any master agreement and product supplement agreement) that has been issued under a "leasing corp code" of 01, 10, 18 or 43 and is or shall be inactive as of the Closing Date.
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Inactive Contract means a Contract to which any Seller Party is a party and under which there are no unperformed duties of, and no rights accruing to, such Seller Party as of the Closing Date.
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Inactive Contract. We may terminate this Contract by paying you the Account Value, in one sum if prior to the Annuity Date, you make no Purchase Payments for two consecutive Contract Years, the total amount of Purchase Payments made, less any partial withdrawals, is less than $2,000, and the Account Value on or after the end of such two year period is less than $2,000. We will give you 60 days notice to make a Purchase Payment before we take any action. ANNUITANT, OWNERSHIP, ASSIGNMENT PROVISIONS OWNER -- You, as the Owner, have all the interest and rights under this Contract. The Owner is the person designated as such on the Issue Date, unless changed. You may change the Owner at any time. A change of Owner will automatically revoke any prior designation of Owner. A request for change must be:
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Inactive Contract means a fed cattle contract that is no longer available between a packer and producer for purchase under, or one that is not currently in use.
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Related to Inactive Contract

  • Prospective contractor means a person who is subject to the competitive sealed proposal process set forth in the Procurement Code or is not required to submit a competitive sealed proposal because that person qualifies for a sole source or a small purchase contract.

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Provider contract means any contract between a provider and a carrier (or a carrier's network,

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Key Sub-Contractor means any Sub-Contractor: listed in Framework Schedule 7 (Key Sub-Contractors); which, in the opinion of the Authority and the Customer, performs (or would perform if appointed) a critical role in the provision of all or any part of the Services; and/or with a Sub-Contract with a contract value which at the time of appointment exceeds (or would exceed if appointed) 10% of the aggregate Call Off Contract Charges forecast to be payable under this Call Off Contract;

  • Individual contract plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror’s planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint purposes may be allocated on a prorated basis to the contract.

  • Contract employee means a probationary faculty employee or a grant- funded employee hired on a year-to-year basis in accordance with Education Code 87470.

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Probationary Employee means an employee who has not yet successfully completed the probationary period on initial appointment.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Non-negotiated contract means a contract whose terms, other than the terms contained in point 11.C. (given below) are not negotiated between the parties to the financial contract and includes –

  • Executory Contract means a contract to which one or more of the Debtors is a party that is subject to assumption or rejection under sections 365 or 1123 of the Bankruptcy Code.

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA Affiliate.

  • Auxiliary Employee meaning an employee who is employed for work which is not of a continuous nature such as:

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.