Aggregate Monthly Payment definition

Aggregate Monthly Payment means, for each month, the aggregate amount of Annuity Payments payable in respect of all Covered Lives (and, if applicable, Contingent Lives and Beneficiaries) for such month.
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Aggregate Monthly Payment means, for each month, the total amount of Annuity Payments payable in respect of all Covered Lives (and, if applicable, Contingent Lives and Beneficiaries) for such month, subject to adjustment as provided in this Contract.
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Aggregate Monthly Payment means, with respect to any Monthly Calculation Period, a payment representing a fee for outstanding Repo-style Transactions and interest on outstanding Funding Loans in an amount equal to the sum, for each calendar day in such Monthly Calculation Period, of the product of (i) the outstanding Aggregate Draw-down Amount on such date multiplied by (ii) the Applicable Rate for such date multiplied by (iii) a day count fraction of 1/360. State Street shall determine the Applicable Rate and its determination thereof shall be conclusive and binding for all purposes in the absence of manifest error.
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Examples of Aggregate Monthly Payment in a sentence

  • On each Monthly Payment Date, the Fund will pay to State Street an amount equal to the sum of the Aggregate Monthly Payment and the Non-usage Fee, if any, with respect to the related Monthly Calculation Period.

  • Each Fund will duly and punctually pay or cause to be paid the principal and interest on the Funding Loans and all other amounts provided for in this Agreement and the other Funding Loan Documents (including without limitation the Aggregate Monthly Payment and any Overdrafts) and will perform all of its obligations under each Securities Financing Agreement.

  • In consideration of each Fund paying the portion of the Aggregate Monthly Payment attributable to Repo-style Transactions, State Street agrees to pay to each Counterparty to an outstanding Repo-style Transaction, for so long as the Repo-style Transaction remains outstanding under this Agreement and no Default or Event of Default has occurred and is continuing, the current fees (including rebates) payable to such Counterparty under the Securities Financing Agreement (the "Rebate Payments").

  • The Fund acknowledges and agrees that State Street will realize a profit based on the difference between (i) the portion of the Aggregate Monthly Payment attributable to Repo-style Transactions received by State Street and (ii) the Rebate Payments paid by State Street pursuant to Section 3.2 of this Agreement.

  • The Rebate Payments will not constitute Funding Loans or other extension of credit by State Street to a Fund, and any Aggregate Monthly Payment in excess of the Rebate Payments made by State Street as required by this Section 3.2 may be retained by State Street for its own account without any obligation to report to such Fund the amount of any such excess.

  • Prudential will correct its records so that future calculations of the Aggregate Monthly Payment are accurate.

  • In connection with Annuity Payments owed in each month, Prudential will withdraw from the Separate Account assets with a Market Value equal to the Aggregate Monthly Payment in accordance with Prudential’s standard procedures, but in no event more than 30 days before such Annuity Payments are due.

  • During the period prior to the consummation of a Buy-Out Conversion and upon receiving notification from the Contract-Holder that a small annuity lump sum payment is payable, Prudential shall include the amount of such lump sum payment in a subsequent Aggregate Monthly Payment payable to the Contract- Holder.

  • On the first Business Day of each calendar month which is prior to the consummation of a Buy-Out Conversion and during which an Annuity Payment is due under this Contract, Prudential shall pay to the Contract-Holder an amount equal to the Aggregate Monthly Payment due with respect to such month, calculated using the Annuity Exhibits, as such information is updated on Prudential’s records pursuant to this Contract.

  • Insurer will make a bulk payment to the Plan Trust equal to the Aggregate Monthly Payment (as defined in the Contract) with respect to each Payee pursuant to the terms of the Contract at such time (each payment, a “Payment” and collectively the “Payments”) for each month from the Initial Contract Benefit Payment Date to the month (if any) in which a Buy-Out Conversion of all Payees covered by the Contract is consummated (each such month, a “Payment Period”).


More Definitions of Aggregate Monthly Payment

Aggregate Monthly Payment. The total monthly amount of Annuity Payments payable under this Contract.
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Related to Aggregate Monthly Payment

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.