GUARANTEED VALUES Sample Clauses

GUARANTEED VALUES. The cash value of the Guaranteed Interest Fund 1 will not be less than the Minimum Value. The Minimum Value Equals: • an accumulation, at the Nonforfeiture Rate, of 92% of the amount applied to the Guaranteed Interest Fund 1; less • an accumulation, at the Nonforfeiture Rate, of the cash value of amounts withdrawn or transferred from the Guaranteed Interest Fund 1. The Initial Nonforfeiture Rate is shown on page 4. The Nonforfeiture Rate will be redetermined at the start of any Guaranteed Period. Upon redetermination, the Nonforfeiture Rate will equal the greater of (a) 1% or (b) the Five Year Constant Maturity Treasury Rate reported by the Federal Reserve as of the second-to-last Valuation Date of the month preceding the month of redetermination, rounded to the nearest .05%, minus 1.25%, but not more than 3%. Guaranteed values are at least as great as those required by the state in which this contract is delivered. XX.X.X.XX.(0805) 8
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GUARANTEED VALUES. The cash value of the Guaranteed Accounts will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the nonforfeiture rate, of 87.5% of the amounts applied to the Guaranteed Accounts; less • an accumulation, at the nonforfeiture rate, of the cash value of amounts withdrawn from the Guaranteed Accounts without regard to any positive Market Value Adjustments; less • an accumulation, at the nonforfeiture rate, of adjustments made to the Minimum Value for each transfer from the Guaranteed Accounts to the Separate Account, where each adjustment equals the amount transferred, adjusted for any negative Market Value Adjustment, less any excess of the Withdrawal Charge applicable to the Guaranteed Account immediately before the transfer over the Withdrawal Charge applicable to the Guaranteed Account after the transfer. Guaranteed values are at least as great as those required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities. ICC12.RR.VA.BBK.(0313) 9 SECTION 4. PURCHASE PAYMENTS, TRANSFERS, WITHDRAWALS
Sample 1
GUARANTEED VALUES. The cash value of the Guaranteed Accounts will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the Nonforfeiture Rate, of 87.5% of the amounts applied to the Guaranteed Accounts; less • an accumulation, at the Nonforfeiture Rate, of the cash value of amounts withdrawn from the Guaranteed Accounts without regard to any positive Market Value Adjustments; less • an accumulation, at the Nonforfeiture Rate, of adjustments made to the Minimum Value for each transfer from the Guaranteed Accounts to the Separate Account, where each adjustment equals the amount transferred, adjusted for any negative Market Value Adjustment, less any excess of the Withdrawal Charge applicable to the Guaranteed Account immediately before the transfer over the Withdrawal Charge applicable to the Guaranteed Account after the transfer. Guaranteed values are at least as great as those required by the state in which this contract is delivered. RR.V.A.BK.(0805) 9
Sample 1
GUARANTEED VALUES. The cash value of the Guaranteed Interest Fund 1 will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the nonforfeiture rate, of 92% of the amount applied to the Guaranteed Interest Fund 1; less • an accumulation, at the nonforfeiture rate, of the cash value of amounts withdrawn or transferred from the Guaranteed Interest Fund 1. The initial nonforfeiture rate is shown on Page 4. The nonforfeiture rate will be redetermined at the start of any Guaranteed Period. Upon redetermination, the nonforfeiture rate will equal the greater of (a) the minimum nonforfeiture rate required by law as of the Issue Date or (b) the Five Year Constant Maturity Treasury Rate reported by the Federal Reserve as of the second-to-last Valuation Date of the month preceding the month of redetermination, rounded to the nearest .05%, minus 1.25%, but not more than 3%. Guaranteed values are at least as great as those required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities. ICC12.RR.VA.BFR.(0313) 8
Sample 1

Related to GUARANTEED VALUES

  • Guaranteed Indebtedness No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

  • Guaranteed Maximum Price The anticipated Guaranteed Maximum Price for the Project at the time this Agreement is executed is: Forty Six Million, Twenty Nine Thousand Dollars ($46,029,000)

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Guaranteed Obligations Lease Guarantor hereby unconditionally and irrevocably guarantees to Landlord, as primary obligor and not merely as surety, the prompt and complete payment and performance in full in cash of, without duplication, (i) all monetary obligations of Tenant under the Lease (and, without duplication, all monetary obligations of the tenant under any New Lease obtained pursuant to and in accordance with Section 17.1(f) of the Lease in connection with which the applicable Leasehold Lender has elected to retain CEC as Lease Guarantor and proceed in accordance with Section 22.2(i)(1)(B) of the Lease) of any nature (including, without limitation, during any Transition Period), including, without limitation, (x) Tenant’s rent and other payment obligations of any nature under the Lease (including all Rent and Additional Charges (as each such term is defined in the Lease)), (y) Tenant’s obligation to expend the Required Capital Expenditures (as defined in the Lease) in accordance with the Lease and any other expenditures required of Tenant by the terms of the Lease, including, but not limited to, the completion of the New Tower (as defined in the Lease) and the payment of all costs and expenses incurred in connection with the construction thereof, in each case to the extent required under the Lease, and (z) Tenant’s obligation to pay monetary damages in connection with any breach of the Lease and to pay indemnification obligations in each case as provided under the Lease, (ii) all Guaranty Termination Obligations (without duplication of amounts otherwise already included under clause (i)) and (iii) any sums payable to Landlord pursuant to Section 17.2.4 hereof (clauses (i), (ii) and (iii) collectively, the “Guaranteed Obligations”), in each case including (a) amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code or similar laws and (b) any late charges and interest provided for under the Lease (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, whether or not a claim for such interest is allowed or allowable in such proceeding). Lease Guarantor shall be jointly and severally liable with Tenant for the payment and performance of the Guaranteed Obligations. For the avoidance of doubt, although as a matter of process and procedure, Section 17.2 hereof sets forth a process by which Landlord may issue notice to Lease Guarantor in respect of certain Guaranteed Obligations, such process is not intended to be a predicate to the existence or accrual of Lease Guarantor’s liability for any of the Guaranteed Obligations, it being understood that all of Lease Guarantor’s obligations hereunder in respect of the Guaranteed Obligations are unconditional and irrevocable in all respects, irrespective of whether the process set forth in Section 17.2 has been commenced, completed or otherwise satisfied (but, in each case, subject to the terms and conditions of this Agreement, including the occurrence of any Guaranty Release Date).

  • Guaranteed Maximum Price (GMP Construction Manager guarantees that it shall not exceed a Guaranteed Maximum Price (GMP) of Four Million, Six Hundred Thirteen Thousand, Two Hundred Ninety-Three Dollars and Fifty Cents ($4,613,293.50) for the identified Sub-Project.

  • Prior Payment of Guaranteed Obligations In any proceeding under any Bankruptcy Law relating to any other Loan Party, each Guarantor agrees that the Secured Parties shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

  • Definition of Guaranteed Obligations As used herein, the term “Guaranteed Obligations” means:

  • Limitation on Guaranteed Obligations (a) Notwithstanding any provision herein contained to the contrary, each Guarantor’s liability hereunder shall be limited to an amount not to exceed as of any date of determination the greater of:

  • QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.

  • Guaranteed Payments To the extent any compensation paid to any Member by the Company, including any fees payable to any Member pursuant to Section 5.3 hereof, is determined by the Internal Revenue Service not to be a guaranteed payment under Code Section 707(c) or is not paid to the Member other than in the Person’s capacity as a Member within the meaning of Code Section 707(a), the Member shall be specially allocated gross income of the Company in an amount equal to the amount of that compensation, and the Member’s Capital Account shall be adjusted to reflect the payment of that compensation.

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