Description of the Guaranteed Income Edge Sample Clauses

Description of the Guaranteed Income Edge. The Guaranteed Income Edge will be made available to EQIS Customers who contract with EQIS for the investment of their Account assets in accordance with a Model. An EQIS Customer with an Account may purchase the Guaranteed Income Edge through a representative of a Contracted Broker-Dealer. The Guaranteed Income Edge will be in the form of an insurance certificate provided under a group annuity contract issued by PHL Variable to EQIS. There is an insurance charge associated with the Certificate. Subject to specified conditions, the Guaranteed Income Edge will be designed to guarantee lifetime income based on an EQIS Customer’s investments in his or her Account. If the value of a Certificate owner’s investments in his or her Account is reduced to $0 or some other specified minimum amount by withdrawals (limited in accordance with the terms of the Certificate) and/or investment performance while the Certificate owner (or, if the Certificate owner has purchased the Certificate with a spousal income guarantee, either the owner or his or her spouse) is living, the Certificate owner(s) will receive guaranteed lifetime income under the terms of the Certificate.
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Description of the Guaranteed Income Edge. The Guaranteed Income Edge will be made available to IWM Customers who contract with IWM for the investment of their Account assets in accordance with a Model. An IWM Customer with an Account may purchase the Guaranteed Income Edge through a representative of a Contracted Broker-Dealer. The Guaranteed Income Edge will be in the form of an insurance certificate provided under a group annuity contract issued by PHL Variable to IWM. There is an insurance charge associated with the Certificate. Subject to specified conditions, the Guaranteed Income Edge will be designed to guarantee lifetime income based on an IWM Customer’s investments in his or her Account. If the value of a Certificate owner’s investments in his or her Account is reduced to $0 or some other specified minimum amount by withdrawals (limited in accordance with the terms of the Certificate) and/or investment performance while the Certificate owner (or, if the Certificate owner has purchased the Certificate with a spousal income guarantee, either the owner or his or her spouse) is living, the Certificate owner(s) will receive guaranteed lifetime income under the terms of the Certificate.
Description of the Guaranteed Income Edge. The Guaranteed Income Edge will be made available to PDA Customers who contract with PDA for the investment of their Account assets in accordance with a Model. A PDA Customer with an Account may purchase the Guaranteed Income Edge through a representative of a Contracted Broker-Dealer. The Guaranteed Income Edge will be in the form of an insurance certificate provided under a group annuity contract issued by PHL Variable to PDA. There is an insurance charge associated with the Certificate. Subject to specified conditions, the Guaranteed Income Edge will be designed to guarantee lifetime income based on a PDA Customer’s investments in his or her Account. If the value of a Certificate owner’s investments in his or her Account is reduced to $0 or some other specified minimum amount by withdrawals (limited in accordance with the terms of the Certificate) and/or investment performance while the Certificate owner (or, if the Certificate owner has purchased the Certificate with a spousal income guarantee, either the owner or his or her spouse) is living, the Certificate owner(s) will receive guaranteed lifetime income under the terms of the Certificate.

Related to Description of the Guaranteed Income Edge

  • Reaffirmation of the Guaranty Each Guarantor hereby ratifies, confirms, acknowledges and agrees that its obligations under its Guaranty are in full force and effect and that such Guarantor continues to unconditionally and irrevocably guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, all of the Guaranteed Obligations (as defined in its Guaranty), as such Guaranteed Obligations may have been amended by this Agreement, and its execution and deliver of this Agreement does not indicate or establish an approval or consent requirement by such Guarantor under its Guaranty in connection with the execution and delivery of amendments to the Credit Agreement, the Notes or any of the other Loan Documents.

  • Guaranty and Security Agreement The security interest granted pursuant to this [Copyright] [Patent] [Trademark] Security Agreement is granted in conjunction with the security interest granted to Agent pursuant to the Guaranty and Security Agreement and each Grantor hereby acknowledges and agrees that the rights and remedies of Agent with respect to the security interest in the [Copyright] [Patent] [Trademark] Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.

  • Guarantee and Security Agreement The Guarantee and Security Agreement, duly executed and delivered by each of the parties to the Guarantee and Security Agreement.

  • Collateral Agreement The security interests granted to the Administrative Agent herein are granted in furtherance, and not in limitation of, the security interests granted to the Administrative Agent pursuant to the Collateral Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Copyright Collateral are more fully set forth in the Collateral Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Collateral Agreement, the terms of the Collateral Agreement shall govern.

  • Guaranty and Collateral Agreement A counterpart of the Guaranty and Collateral Agreement executed by each Loan Party, together with all instruments, transfer powers and other items required to be delivered in connection therewith.

  • The Guaranty Each of the Guarantors hereby jointly and severally guarantees to each Lender, each Affiliate of a Lender that enters into a Swap Contract, and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Guarantors hereby further agree that if any of the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension or renewal. Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents or Swap Contracts, the obligations of each Guarantor under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under the Debtor Relief Laws or any comparable provisions of any applicable state law.

  • Guarantee and Collateral Agreement By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in the Schedules to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Section 4 of the Guarantee and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

  • The Guarantee Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not merely as a surety to each Secured Party and their respective permitted successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of (i) the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrower, and all other Secured Obligations from time to time owing to the Secured Parties by any Loan Party or any Subsidiary under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof (such obligations, including any future increases in the amount thereof, being herein collectively called the “Guaranteed Obligations”); provided, however, that Guaranteed Obligations shall exclude all Excluded Swap Obligations. The Guarantors hereby jointly and severally agree that if the Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

  • The Security Agreement The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademarks made and granted hereby are more fully set forth in the Security Agreement. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control unless the Collateral Agent shall otherwise determine.

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