CHARGE FOR ANNUAL CONTRACT MAINTENANCE Sample Clauses

CHARGE FOR ANNUAL CONTRACT MAINTENANCE. An annual Contract maintenance charge of $30 will be assessed by VALIC on the last day of the calendar quarter following receipt of the first Purchase Payment and annually on that date thereafter during the Accumulation Period. The Contract maintenance charge is not guaranteed and may, with prior regulatory approval if required, be changed for future years. VALIC will reduce the Accumulation Value of the Contract to cover this charge.
Sample 1
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CHARGE FOR ANNUAL CONTRACT MAINTENANCE. A Contract maintenance charge of $20 will be assessed by VALIC for the first Contract Year. An annual Contract maintenance charge of $15 will be assessed for the second and later Contract Years during the Accumulation Period. The charge is due in quarterly installments beginning on the first day of the calendar quarter following the first date a Purchase Payment is credited to the Contract. The charge is assessed on the last day of the calendar quarter in which it is due. VALIC will reduce the Accumulation Value of the Contract to cover this charge. If the Contract is surrendered during a calendar quarter, the full quarterly assessment will be made at the time of the surrender, and VALIC will reduce the Surrender Value of the Contract to cover this charge. The Contract maintenance charge is not guaranteed and may, with prior regulatory approval if required, be changed. UIT-585-96 QU1IXST6 7 3.04 CHARGE TO THE SEPARATE ACCOUNT To cover other administrative expenses and mortality risks, VALIC will assess the Separate Account a daily charge of .00274%. This charge equals an annual rate of 1% of the average daily net asset value of the Separate Account Divisions attributable to the Contract.
Sample 1

Related to CHARGE FOR ANNUAL CONTRACT MAINTENANCE

  • Uniform Maintenance Allowance 22.1 The City provides uniforms or uniform allowance for employees represented by the Association. The City will continue to replace, repair and maintain uniforms worn in the line of duty. The average cost of the uniforms/uniform allowances are reported as special compensation (for those employees defined as “classic employees” by the Public Employees’ Pension Reform Act of 2013 for retirement calculation purposes and is currently reported as $17 per pay period.

  • Annual Maintenance Fee In consideration of the license granted to Licensee under Section 2.1, Licensee shall pay Licensor on-going annual maintenance fees of **** on each anniversary of the Effective Date.

  • Planned Maintenance (a) Sellers may designate up to twenty (20) Days of Planned Maintenance on Sellers’ Facilities during each Contract Year. Sellers shall be entitled to reduce (including down to zero (0)) its Gas scheduling under Clause 8 and Exhibit 3 for each Day of Planned Maintenance.

  • Routine Maintenance (i) CRC shall be responsible for Routine Maintenance when necessary or desirable to maintain the Shared Assets in a safe operating condition, and to permit and facilitate (A) the performance by CRC of its obligations pursuant to this Agreement, and (B) the use of Shared Assets by the Operators in accordance with this Agreement.

  • Subcontract Costs Payments made by the Construction Manager to Subcontractors in accordance with the requirements of the subcontracts.

  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company constitute a committee to run, operate, manage and maintain the Common Areas.

  • System Maintenance The Trust understands that USBFS will perform periodic maintenance to the System(s), which may cause temporary service interruptions. To the extent possible, USBFS shall notify the Trust of all planned outages and will perform any necessary maintenance during non-business hours.

  • Vehicle Maintenance (a) The Company agrees to maintain all vehicles up to standards which will insure that the employees who operate such vehicles are not exposed to such hazards as arise out of lack of proper maintenance. Each employee who operates a Company vehicle bears the direct responsibility for its safe and proper operation. Each such employee is also responsible for reporting any malfunction of equipment, mechanical defect, and any accident involving the vehicle.

  • Scheduled Maintenance Maintenance window for disruptive work to Service will be limited 12:00 A.M. to 4:00 A.M., Central Daylight Time (CDT), any day with requirement of one (1) calendar week notification to Customer prior to maintenance. LightEdge will send an e-mail notification of such disruptive maintenance to Service to Authorized Contacts of Customer. Once notification is sent to Customer this will be considered a “Scheduled Maintenance”. Any Service SLAs will NOT apply during a Scheduled Maintenance.

  • Software Maintenance Subrecipient shall apply security patches and upgrades in a timely manner and keep virus software up-to-date on all systems on which State data may be stored or accessed.

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