Payments of a Specified Amount Sample Clauses

Payments of a Specified Amount. Option H is equal income installments of a specified amount, paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Option I - Variable Life Annuity with 10-Year Period Certain Option I is a variable payout annuity payable monthly while the Annuitant is living or, if later, for ten years. If the Beneficiary of any death benefits payable under this contract elects this payment option, the period certain will equal the shorter of 10 years and the life expectancy of such Beneficiary. Option J - Joint Survivorship Variable Life Annuity with 10-Year Period Certain A variable payout annuity payable monthly while either the Annuitant or Joint Annuitant is living, or if later, the end of 10 years. You must designate the Joint Annuitant at the time you elect this option. The Joint Annuitant must be at least Age 40 on the first Payment Calculation Date. This option is not available for the payment of any death benefit under this contract. Option K - Variable Annuity for Specified Period Option K is a variable payout annuity payable monthly over a specified period of time. Payments continue whether the Annuitant lives or dies. The specified period must be in whole numbers of years from 5 to 30, but cannot be greater than 100 minus the Age of the Annuitant. However, if the Beneficiary of any death benefits payable under this contract elects this payment option, the period selected by the Beneficiary may not extend beyond the life expectancy of such Beneficiary. This option also provides for unscheduled withdrawals. An unscheduled withdrawal will reduce the number of fixed Annuity Units in each Investment Option and affect the amount of future payments.
Sample 1
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Payments of a Specified Amount. Option H is equal income installments of a specified amount, paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Option I - Variable Life Annuity with 10-Year Period Certain Option I is a variable payout annuity payable monthly while the Annuitant is living or, if later, for ten years. If the Beneficiary of any death benefits payable under this contract elects this payment option, the period certain will equal the shorter of 10 years and the life expectancy of such Beneficiary. Option J - Joint Survivorship Variable Life Annuity with 10-Year Period Certain A variable payout annuity payable monthly while either the Annuitant or Joint Annuitant is living, or if later, the end of 10 years. You must designate the Joint Annuitant at the time you elect this option. The Joint Annuitant must be at least Age 40 on the first Payment Calculation Date. This option is not available for the payment of any death benefit under this contract.
Sample 1
Payments of a Specified Amount. Equal income installments of a specified amount are paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. This contract is provided for information purposes only. Contract terms and values may vary significantly from this specimen copy based on the state where the contract is issued. This OthcoernOtrapctitomnsay not be available in your state. We may offer other payment options or alternative versions of the options listed above. SAMPLE This contract is provided for information purposes only. Contract terms and values may vary significantly from this specimen copy based on the state where the contract is issued. This contract may not be available in your state.
Sample 1
Payments of a Specified Amount. Equal income installments of a specified amount are paid until the principal sum remaining under this option from the amount applied is less than the amount of the installment. When that happens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Other Options We may offer other payment options or alternative versions of the options listed above.
Sample 1
Payments of a Specified Amount. Equal income installments of a specified amount are paid until the principal sum remaining under this option from t he amount applied is less than the amount of the installment. When that h appens, the principal sum remaining will be paid as a final payment. The amount specified must provide for payments for a period of at least 5 years. Other Options We may offer other payment options or alternative versions of the options listed above. SAMPLE Life Annuity with Specified Period Certain Non-Refund Life Annuity Installment Refund Life Annuity Age Male Female Non- Refund Life Life Annuity with Specified Period Certain Installment Refund Life Non- Refund Life Life Annuity with Specified Period Certain Installment Refund Life 5-Year 10-Year 20-Year 5-Year 10-Year 20-Year 40 $2.90 $2.90 $2.89 $2.89 $2.85 $2.79 $2.79 $2.79 $2.78 $2.76 45 3.05 3.05 3.05 3.03 2.99 2.92 2.92 2.92 2.91 2.88 50 3.24 3.24 3.24 3.21 3.15 3.08 3.08 3.08 3.06 3.02 55 3.49 3.48 3.47 3.42 3.35 3.28 3.28 3.28 3.25 3.20 60 3.79 3.79 3.76 3.67 3.58 3.54 3.54 3.53 3.48 3.41 65 4.18 4.17 4.13 3.97 3.87 3.87 3.87 3.85 3.76 3.68 70 4.69 4.67 4.61 4.30 4.24 4.31 4.30 4.26 4.09 4.01 75 5.40 5.36 5.21 4.63 4.68 4.90 4.88 4.81 4.45 4.44 80 6.38 6.28 5.97 4.92 5.24 5.73 5.68 5.51 4.80 4.98 85 7.73 7.49 6.82 5.12 5.93 6.94 6.81 6.41 5.07 5.67 90 9.61 9.04 7.70 5.22 6.78 8.73 8.38 7.42 5.21 6.55 Joint and Survivorship Life Annuity – 100% to Survivor Female Age Male Age 40 45 50 55 60 65 70 75 80 85 90 40 $2.65 $2.69 $2.72 $2.74 $2.75 $2.76 $2.77 $2.78 $2 .78 $2.7 8 $2.79 45 2.71 2.76 2.80 2.84 2.86 2.88 2.89 2.90 2.9 1 2.91 2.92 50 2.75 2.82 2.89 2.94 2.98 3.01 3.04 3.05 3.0 6 3.07 3.07 55 2.79 2.88 2.97 3.05 3.11 3.16 3.20 3.23 3.2 5 3.26 3.27 60 2.82 2.93 3.04 3.15 3.24 3.33 3.40 3.45 3.4 8 3.51 3.52 65 2.84 2.96 3.09 3.23 3.37 3.50 3.61 3.70 3.7 6 3.80 3.83 70 2.86 2.99 3.14 3.31 3.49 3.66 3.83 3.98 4.0 9 4.18 4.23 75 2.87 3.01 3.18 3.37 3.58 3.81 4.05 4.28 4.4 8 4.63 4.74 80 2.88 3.03 3.20 3.41 3.65 3.93 4.25 4.58 4.8 9 5.17 5.38 85 2.89 3.04 3.22 3.44 3.70 4.03 4.41 4.84 5.3 1 5.76 6.15 90 2.89 3.04 3.23 3.46 3.74 4.09 4.52 5.05 5.6 7 6.34 6.99 Joint Survivor Life Annuity with 10 Year Period Certain – 100% to Survivor Female Age Male Age 40 45 50 55 60 65 70 75 80 85 90 40 $2.65 $2.69 $2.72 $2.74 $2.75 $2.76 $2.77 $2.78 $2.78 $2.78 $2.79 45 2.71 2.76 2.80 2.84 2.86 2.88 2.89 2.90 2.91 2.91 2.91 50 2.75 2.82 2.89 2.94 2.98 3.01 3.04 3.05 3.06 3.07 3.07 55 2.79 2.88 2.97 3.04 3.11 3.16 3.20 3.23 3.25...
Sample 1
Payments of a Specified Amount. The dollar amount of each payment is elected. The dollar amount may not be changed and must meet the minimum distribution requirements. Based on the amount elected, the duration of the payments may vary.
Sample 1

Related to Payments of a Specified Amount

  • Payments of Post-Closing Adjustment Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account(s) as is directed by Buyer or Sellers, as the case may be.

  • Gross Settlement Amount Except as otherwise provided by Section 9 below, Defendant promises to pay $450,000.00 and no more as the Gross Settlement Amount, and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Section 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or PAGA Group Members to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Earn-Out Payments (i) If, during the period beginning immediately after the Closing and ending on the six (6) month anniversary of the Closing Date (the “Earn-Out Period”), Buyer enters into an Earn-Out Agreement, Buyer shall pay earn-out amounts to Seller equal to one times (1.00x) the recurring revenues billed and collected by Buyer (excluding any revenues associated with or collected by Buyer for or on behalf of a third party, including in connection with any partnership arrangement set forth in the Earn-Out Agreement), in respect of the Earn-Out Agreement for the initial twelve (12) months following the first recurring revenue for such agreement being billed (such amount, the “Earn-Out Amount,” and, such period, the “Determination Period”), provided however, that in no event will the Determination Period extend past 15 months of execution of the Earn-Out Agreement. Buyer shall use good faith commercially reasonable efforts to minimize the period of time between the execution of the Earn-Out Agreement and the date on which the first recurring revenue thereunder is billed. For the avoidance of doubt, if the first recurring revenue for the Earn-Out Agreement is billed six months after the execution of the Earn-Out Agreement, Buyer shall only be entitled to the Earn-Out Amounts for nine months after recurring revenue is first billed. Notwithstanding the foregoing, Earn-Out Amounts will include recurring revenues billed within the Determination Period and collected within the period after being invoiced set forth in the Earn-Out Agreement; and Buyer shall use good faith commercial efforts to collect such recurring revenues with such period. The Earn-Out Amount will not take into account any amendment to the Earn-Out Agreement that increases recurring revenues if such amendment is entered into after the Earn-Out Period and such amendment represents an increase in scope (in terms of number of buildings and/or additional services) from the Xxxxxx Xxx RFP.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Prepayments Payments Taxes 49 Section 5.1

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

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