Annual Increase Amount definition

Annual Increase Amount. On the Issue Date we set this amount equal to your ______________________ initial Purchase Payment. For purposes of this calculation all Purchase Payments credited within 120 days of the Issue Date will be treated as if received on the Issue Date. After the Issue Date, this amount will equal: (i) The sum total of each Purchase Payment accumulated at the Annual Increase Accumulation Rate for the duration shown on the Contract Schedule from the date the Purchase Payment is made, less

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Annual Increase Amount. On the Issue Date we set this amount ---------------------- equal to your initial Purchase Payment. After the Issue Date, this amount will equal:

Annual Increase Amount means, commencing with the Fiscal Year ending February 25, 2012 and each Fiscal Year end thereafter, an amount equal to the difference (but in no event less than zero) between (a) Consolidated EBITDA for the most recently ended Fiscal Year of the Parent, minus (b) the sum of (i) Capital Expenditures (other than in respect of any Investment of the type described in clauses (p) and (q) of the definition of “Permitted Investments”) made during such Fiscal Year, (ii) Taxes (other than sales Taxes) paid in cash during such Fiscal Year, (iii) Consolidated Interest Expense paid or required to be paid in cash during such Fiscal Year, (iv) principal payments made or required to be made during such Fiscal Year on account of Indebtedness (other than revolving Indebtedness for which an accompanying permanent reduction of the facility is not made) and (v) Restricted Payments made with cash on hand during such Fiscal Year. The Annual Increase Amount shall become effective only after delivery to the Administrative Agent of the Parent’s Annual Report on SEC Form 10-K for the applicable Fiscal Year, together with a calculation of the Annual Increase Amount certified by a Responsible Officer as being true and correct.

Examples of Annual Increase Amount in a sentence

The Annual Increase Amount for any fiscal year shall be paid at the same time as the Additional Fee with respect to that fiscal year and shall be subject to the same restrictions as to payment as are set forth in Section 8 (a) (ii) above with respect to the Additional Fee.
If the amount paid by Tenant during the previous year based on the Estimated Statement exceeded Tenant’s Proportionate Share of the Annual Increase Amount, the excess amount shall, at Tenant's election, be paid to Tenant within thirty (30) days after Landlord’s submission to Tenant of the Annual Statement or credited toward payment of the next installment of Basic Monthly Rent to be paid by Tenant after Tenant receives said Annual Statement from Landlord.
Tenant shall pay Landlord, within thirty (30) days of Tenant’s receipt of such statement, the excess, if any, of Tenant’s Proportionate Share of the Annual Increase Amount over the amount paid by Tenant during the previous year as its share of such increases based on the Estimated Statement.
If the amount paid by Tenant during the last calendar year of the Lease Term is less than Tenant’s Proportionate Share of the Annual Increase Amount for such year, Tenant shall pay Landlord the underpaid amount within thirty (30) days after Landlord’s submission to Tenant of the aforesaid operating charge statement for such calendar year.
If the amount paid by Tenant during the last calendar year of the Lease Term exceeds Tenant’s Proportionate Share of the Annual Increase Amount for such year, Landlord shall pay Tenant the excess amount within thirty (30) days after Landlord’s submission to Tenant of the aforesaid operating charge statement for such calendar year.
On the Issue Date, the Annual Increase Amount ---------------------- is equal to your initial Purchase Payment.

More Definitions of Annual Increase Amount

Annual Increase Amount. On the Issue Date, we set the Annual ---------------------- Increase Amount equal to your initial Purchase Payment. After that date, the Annual Increase Amount is equal to: (i) the sum total of each Purchase Payment accumulated at the Annual Increase Accumulation Rate from the date the Purchase Payment is made; less (ii) the sum total of each Withdrawal Adjustment for each partial withdrawal accumulated at the Annual Increase Accumulation Rate from the date of withdrawal. However, if the Owner is a natural person and you change the Owner to someone other than your spouse during the Accumulation Period, the Death Benefit Amount payable when such new Owner dies will be the greater of: 1) the Contract Value; or 2) the Enhanced Death Benefit after an Owner change, which is the greater of (a) or (b): NEL-540 (05/01) -------------------------------------------------------------------------------- (a) Highest Anniversary Value after an Owner change: After an Owner ----------------------------------------------- change we set this value equal to the Contract Value as of the effective date of the Owner change. During each subsequent Contract Year, we increase this value by any Purchase Payments made and reduce it proportionately by the Percentage Reduction in Contract Value attributable to any partial withdrawals taken. On every Contract Anniversary prior to the new Owner's (or Oldest Joint Owner's) 81st birthday, we compare this value to the current Contract Value and we set the Highest Anniversary Value equal to the higher amount. (b) Annual Increase Amount after an Owner change: After an Owner -------------------------------------------- change, we set the Annual Increase Amount equal to the Contract Value as of the effective date of the Owner change. After that date, the Annual Increase Amount is equal to: (i) the sum total of the Contract Value as of the effective date of the Owner change accumulated at the Annual Increase Accumulation Rate from that date and each Purchase Payment made after the effective date of the Owner change accumulated at the Annual Increase Accumulation Rate from the date such Purchase Payment is made; less (ii) the sum total of each Withdrawal Adjustment for each partial withdrawal taken after the effective date of the Owner change accumulated at the Annual Increase Accumulation Rate from the date of withdrawal. In addition, if the Contract is continued under the Spousal Continuation During Accumulation Period option, the Death Benefit...

Annual Increase Amount. On the Issue Date, we set the ---------------------- Annual Increase Amount equal to your initial Purchase Payment. After that date, the Annual Increase Amount is equal to: (i) the sum total of each Purchase Payment accumulated at the Annual Increase Accumulation Rate from the date the Purchase Payment is made; less (ii) the sum total of each Withdrawal Adjustment for each partial withdrawal accumulated at the Annual Increase Accumulation Rate from the date of withdrawal. However, if the Owner is a natural person and you change the Owner to someone other than your spouse during the Accumulation Period, the Death Benefit Amount payable when such new Owner dies will be the greater of: 1) the Account Balance; or 2) the Enhanced Death Benefit after an Owner change, which is the greater of (a) or (b):

Annual Increase Amount. Shall be limited to the lesser of ten percent (10%) or the change in the U.S. Department of Labor, Consumer Price Index (CPI) for the Urban Wage Earners and Clerical Workers, All Cities, (1982 = 100) for the twelve (12) month period preceding the anniversary date. INTERFACE MAINTENANCE: Company will maintain the current functionality of the interfaces it provides as listed in Section A.1. with new releases of the software system (CBS) and Third Party software. If the interface is a generic interface requiring the third party to provided data in a particular format or manipulate the data Company provides. Company will continue to provide or accept the data in the current format. Client will be provided changes to the interfaces and support for the interfaces in exchange for the monthly maintenance fee. --------------------------------------------------------------------------- Confidential US Comb 7/29/97 4 DC/JOM ------ Initials