ACTIVE CONTRACT definition

ACTIVE CONTRACT means an ANNUITY CONTRACT that remains in effect and has not been terminated due to death, lapse, surrender or some other valid contingency and has not been annuitized and includes one of the Guaranteed Minimum Income Benefits specified in Schedule A. RETAIL ANNUITY PREMIUMS means all contributions (not reduced by subsequent withdrawals) made to the ANNUITY CONTRACT by or on behalf of the contract owner, commonly referred to as purchase payments, premiums, or deposits.

ACTIVE CONTRACT means the contract given in the roll schedule under Section 4.3.

ACTIVE CONTRACT means a VARIABLE ANNUITY CONTRACT, other than an EXCLUDED CONTRACT, which is in effect, which has not been terminated due to death, lapse, surrender, the annuitant's reaching the maximum annuitization age, or some other valid contingency, and which has not been annuitized.

Examples of ACTIVE CONTRACT in a sentence

• This Agreement shall not and is not intended to create any legal relationship between the REINSURER and any third party, including without limitation, annuitants, contract owners, certificate owners, beneficiaries, applicants or assignees under any ACTIVE CONTRACT.

• FAILURE TO COMPLY WILL LEAD TO TERMINATION AS A VENDOR, DISQUALIFYING YOU FOR AWARD OF A SOLICITATION, DENIAL OF ENTERING INTO A CONTRACT AND/OR, CANCELLATION OF AN ACTIVE CONTRACT, OR IF YOUR SUBCONTRACTOR KNOWINGLY VIOLATES THE STATUTE, THE SUBCONTRACT MUST BE TERMINATED IMMEDIATELY.

• ACTIVE CONTRACT MANAGEMENT (MEETINGS) Periodic meetings may take place according to a schedule, to be established by DFSS, with reasonable notice provided to the Delegate Agency.

• REINSURED ACCOUNT VALUE means, for each ACTIVE CONTRACT, the sum of the invested assets in the investment funds shown in Schedule B-2 as it appears in the records of CEDING COMPANY, times the REINSURER’s quota share of risk, as shown in Schedule G.

• Incremental tourists were considered with both direct and indirect income multipliers in benefit estimation26 (Table 8).

More Definitions of ACTIVE CONTRACT

ACTIVE CONTRACT means the contract given in the roll schedule under Section 4.3 for the current month.

ACTIVE CONTRACT means an ANNUITY CONTRACT that remains in effect and has not been terminated due to death, lapse, surrender or some other valid contingency and has not been annuitized and has elected the optional rider benefit shown in Schedules A and X-x. RETAIL ANNUITY PREMIUMS means contributions made to the ANNUITY CONTRACT by or on behalf of the contract owner, commonly referred to as purchase payments, premiums, or deposits. CONTRACT TYPE means one of the ANNUITY CONTRACT forms specified in Schedule B-1. GMIB TYPE means one of the Guaranteed Minimum Income Benefits specified in Schedules A and X-x, applicable to ANNUITY CONTRACTS.

ACTIVE CONTRACT means an ANNUITY CONTRACT that remains in effect and has not been terminated due to death, lapse, surrender or some other valid contingency and has not been annuitized and has elected the optional rider benefit shown in Schedules A and X-x. INSURED LIFE means the owner, or if the owner is a non-natural person, the annuitant of each ANNUITY CONTRACT RETAIL ANNUITY PREMIUMS means contributions made to the ANNUITY CONTRACT by or on behalf of the contract owner, commonly referred to as purchase payments, premiums, or deposits. CONTRACT TYPE means one of the ANNUITY CONTRACT forms specified in Schedule B-1. GMDB TYPE means one of the Guaranteed Minimum Death Benefits specified in Schedules A and X-x, applicable to ANNUITY CONTRACTS. Xxxxxxx Xxxxx & ACE Tempest GMDB 3

ACTIVE CONTRACT means an ANNUITY CONTRACT that remains in effect and has not been terminated due to death, lapse, surrender or some other valid contingency and has not been annuitized and has elected DBER. RIDER ISSUE DATE means the month, day, and year that the DBER first becomes effective.

ACTIVE CONTRACT. On the EFFECTIVE DATE, each ANNUITY CONTRACT. On any date after the EFFECTIVE DATE, each ANNUITY CONTRACT that on or before such date: (i) has not been the subject of a LOSS EVENT; (ii) has not been terminated due to lapse, surrender or some other valid contingency; and (iii) has not been annuitized.

ACTIVE CONTRACT means a VARIABLE ANNUITY CONTRACT, other than an EXCLUDED CONTRACT, that remains in effect and has not terminated due to death, lapse, surrender or some other valid contingency and has not been annuitized. AGGREGATE GMDB AMOUNT means the sum of the GMDB AMOUNT for all ACTIVE CONTRACTS covered under this Agreement, as calculated on each MONTHLY VALUATION DATE. NET AMOUNT AT RISK means for each ACTIVE CONTRACT, the excess, if any, of the GMDB AMOUNT over the ACCOUNT VALUE.

ACTIVE CONTRACT means an Assigned Contract between a customer and a Seller, which (a) has been provided in full form to Purchaser by the Sellers, (b) has at least six months remaining on its term at Closing and may not otherwise be terminated sooner, other than for an uncured material breach, (c) designates a Seller as the exclusive provider of the respective services during the term of such Assigned Contract, (d) is fully assigned by the Sellers and assumed by Purchaser at Closing without causing a material breach of such Assigned Contract and (e) does not exhibit a material decrease in volume or revenue as compared to its historical pattern, and (f) is listed on Schedule 4.12.2.