Annual Maintenance Fee definition

Annual Maintenance Fee. This is a fee deducted on each anniversary of the Issue Date occurring on or before the Annuity Date, and upon surrender. However, we will waive the Annual Maintenance Fee due at surrender if the surrender occurs within 30 days after an Annual Maintenance Fee was last deducted. The basis for this charge is shown in the Annuity Schedule. We will waive all or a portion of this fee, if we are required by law or regulation, to meet any minimum nonforfeiture requirements. We will also waive this fee after the Annuity Date, and when a Death Benefit is determined, unless Spousal Continuation occurs. We reserve the right to waive this fee at any other time on a non-discriminatory basis. As of the Valuation Day the Annual Maintenance Fee is due, the fee is deducted pro-rata from the Account Value of all Sub-accounts to which your Account Value is allocated.
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Annual Maintenance Fee is defined in Article 6.5;
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Annual Maintenance Fee. [Lesser of $50 or 2% of Account Value, but only if the sum of the Purchase Payments at the time the Fee is due is less than $50,000.] TRANSFER FEE: [$10 per transfer after the twentieth transfer in any Annuity Year.]
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Examples of Annual Maintenance Fee in a sentence

  • The number of Accumulation Units deducted from each Sub-Account is determined by dividing the pro-rata portion of the Annual Maintenance Fee by the value of an Accumulation Unit for the applicable Sub-Account.

  • Initial Set Up or Acceptance Fee No Charge • Annual Maintenance Fee No Charge • Spousal Annual Maintenance Fee No Charge • Premature Distribution Fee No Charge • Transfer See your Customer Information Brochure • Termination Fee $25.00 The Custodial Fee Schedule for Standard Assets will apply to any Hilltop Securities Inc.

  • Within thirty (30) days after receipt of the Annual Maintenance Fee, CableLabs shall cause the Certificate Manager to activate a Manufacturer account for securely obtaining Digital Certificates in an automated fashion.

  • SURRENDER VALUE - The Contract Value prior to the Annuity Commencement Date, less any applicable Premium Taxes, and/or Annual Maintenance Fee.

  • Licensee’s option to renew for the set Annual Maintenance Fee lasts for a grace period of 120 days after the expiration of the previous renewal or Initial Maintenance Period.


More Definitions of Annual Maintenance Fee

Annual Maintenance Fee shall have the meaning set forth in Article 5.1(b) hereof.
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Annual Maintenance Fee has the meaning set forth in Section 10.2.
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Annual Maintenance Fee means a fee payable annually in advance by Merced County to OpTerra Energy Services, in consideration of the performance of up to five (5) years of Maintenance Services. The Annual Maintenance Fee for the first Measurement Period will be Eighteen Thousand Two Hundred Forty-Two Dollars ($18,242). The Annual Maintenance Fee will be increased annually thereafter at the rate of three percent (3%) per annum for the first five (5) Measurement Periods, each increase to be effective on the first day of the corresponding Measurement Period. The Annual Maintenance Fee for each Measurement Period after the fifth (5th) Measurement Period will be negotiated in good faith by the Parties, not later than ninety (90) days prior to the end of the preceding Measurement Period, on the basis of then-prevailing market rates for, e.g., labor and equipment.
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Annual Maintenance Fee means the fee, quoted by the Service Provider in its Financial Proposal, payable by the Authority from the first anniversary of the Commissioning Date for each calendar year of twelve months, for a period of nine years for each MCH Wing(s) forming part of the Project Hospital.
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Annual Maintenance Fee means the sum set out in the Schedule.
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Annual Maintenance Fee means a fee payable annually in advance by Firebaugh to ENGIE Services U.S., in consideration of the provision of up to twenty (20) years of Maintenance Services. The Annual Maintenance Fee for the first Measurement Period will be Nine Thousand Three Hundred Five Dollars ($9,305.00). The Annual Maintenance Fee will be increased annually thereafter at the rate of three percent (3%) per annum for the first five (5) Measurement Periods, each increase to be effective on the first day of the corresponding Measurement Period. The Annual Maintenance Fee for each Measurement Period after the fifth (5th) Measurement Period will be negotiated in good faith by the Parties, not later than ninety (90) days prior to the end of the preceding Measurement Period, on the basis of then-prevailing market rates for, e.g., labor and equipment.
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Annual Maintenance Fee means a fee payable annually in advance by Manhattan Beach USD to Chevron Energy Solutions, in consideration of the performance of up to ten (10) years of Maintenance Services. The Annual Maintenance Fee for the first Measurement Period will be $16,105. The Annual Maintenance Fee will be increased annually thereafter in accordance with Table I-2 in Attachment I, each increase to be effective on the first day of the corresponding Measurement Period.
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