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Common use of Purchase Payment Clause in Contracts

Purchase Payment. A payment made under a Contract by an applicant or purchaser to purchase benefits under the Contract.

Appears in 6 contracts

Sources: Brokerage Agreement (Lincoln New York Separate Account T for Variable Annuities), Distribution Agreement (Titanium Universal Life Variable Account), Distribution Agreement (Titanium Universal Life Variable Account)

Purchase Payment. A payment made under a Contract by an applicant or ---------------- purchaser to purchase benefits under the Contract.

Appears in 2 contracts

Sources: Wholesaling Agreement (Lincoln Life Variable Annuity Account N), Broker Dealer Agreement (Lincoln Life Variable Annuity Account T)

Related Clauses

  • PURCHASE PAYMENTS
  • Due Payment
  • Lease Payments
  • Purchase Price Payment
  • PRE-PAYMENT

Parent Clauses

  • ADDITIONAL DEFINITIONS
  • Purchase and Sale
  • ADDITIONAL AGREEMENTS
  • Closing
  • Deliveries by Purchaser

Sub-Clauses

  • Public Offering
  • Over-Allotment Option
  • Agreements to Sell and Purchase
  • Underwriters’ Warrants
  • Selling Shareholder Default
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