{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "payments-made", "type": "clause", "offset": [25, 38]}, {"key": "annuity-income-option", "type": "definition", "offset": [48, 69]}], "snippet": "means one of a series of payments made under an annuity income option.", "samples": [{"hash": "7cwweuSkbjp", "uri": "/contracts/7cwweuSkbjp#annuity-payment", "label": "Flexible Premium Deferred Variable Annuity Policy (Ameritas Variable Life Insurance Co Separate Acct Va-2)", "score": 18.0, "published": true}, {"hash": "iajRohIsktC", "uri": "https://www.sec.gov/Archives/edgar/data/814848/000081484898000004/1.txt", "label": "Ameritas Variable Life Insurance Co Separate Acct Va-2", "score": 2.0, "published": false}, {"hash": "anGKQRhBmvm", "uri": "https://www.sec.gov/Archives/edgar/data/814848/000081484897000016/3.txt", "label": "Ameritas Variable Life Insurance Co Separate Acct Va-2", "score": 2.0, "published": false}], "size": 8, "hash": 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"type": "clause", "offset": [2348, 2363]}, {"key": "discharged-in-full", "type": "definition", "offset": [2424, 2442]}, {"key": "on-behalf-of", "type": "clause", "offset": [2518, 2530]}, {"key": "the-payment", "type": "clause", "offset": [2549, 2560]}, {"key": "notional-amount", "type": "clause", "offset": [2570, 2585]}, {"key": "the-transaction", "type": "clause", "offset": [2589, 2604]}], "snippet": "means such amounts as Party B and Party A may agree on the date on which Party A receives the relevant Optional Termination Notice in respect of a transaction under which Party A will pay a fixed annuity payment to Party B on each Party A Interest Payment Date which would fall during the period commencing on (and including) the first Party A Interest Payment Date which falls after the Optional Termination Date and ending on (and including) the Party A Interest Payment Date on which the Relevant Transaction would otherwise have expired if it had not been terminated (in whole or in part) pursuant to this Part 5(w) in consideration of a payment of an amount equal to the Market Value of the Terminated Portion on the Optional Termination Date which would have been payable to Party B if upon termination Party A had made a termination payment in the form of one payment on the Optional Termination Date equal to Market Value (the \"Annuity Terms\"). If Party B and Party A cannot so agree, Party A shall at or about 11.00 a.m. London time two Business Days prior to the Optional Termination Date in accordance with customary market practice request four leading banks in the market for transactions in sterling to provide their quotes for the annuity payments which they would make on the basis of the Annuity Terms. If more than three quotes are provided, the highest quote (or, if there is more than one such highest quote, one only of such quotes) and lowest quote (or if there is more than one such lowest quote, one only of such quotes) will be disregarded and the Annuity Payments to be made by Party A shall be the arithmetic mean of the remaining quotes. If exactly three quotes are provided, then Annuity Payments to be made by Party A shall be the quote remaining after disregarding the highest quote and the lowest quote. However, if less than three quotes are provided (or if exactly three quotes are provided and two of such quotes are the same), then Party A shall determine the Annuity Payments to be made by it in good faith and in a reasonable manner and it may (but need not) determine the Annuity Payments by reference to quotes of relevant rates or prices from one or more leading dealers in the relevant market. Upon the Optional Termination Date subject to subparagraphs (i) and (ii) above, the obligations of both parties with respect to the Terminated Portion of the Relevant Transaction shall be discharged in full (subject to reinstatement should any sums subsequently be recovered by, or on behalf of, the party making the payment) and the Notional Amount of the Transaction outstanding shall be reduced accordingly.", "samples": [{"hash": "fqSkDx1u3i6", "uri": "/contracts/fqSkDx1u3i6#annuity-payment", "label": "Isda Master Agreement", "score": 31.8600954623, "published": true}, {"hash": "hbeVANQVrMJ", "uri": "/contracts/hbeVANQVrMJ#annuity-payment", "label": "Initial Basis Hedge Agreement", "score": 30.1886085592, "published": true}, {"hash": "1JbRRxx6E0o", "uri": "/contracts/1JbRRxx6E0o#annuity-payment", "label": "Isda Master Agreement", "score": 29.3086437429, "published": true}], "size": 7, "hash": "9c8ca29379624c0ff7baae6a4ed0fe83", "id": 2}, {"snippet_links": [{"key": "monthly-payments", "type": "clause", "offset": [10, 26]}, {"key": "payable-to", "type": "definition", "offset": [36, 46]}, {"key": "covered-lives", "type": "definition", "offset": [47, 60]}, {"key": "if-applicable", "type": "clause", "offset": [66, 79]}, {"key": "group-annuity-contract", "type": "clause", "offset": [132, 154]}], "snippet": "means the monthly payments, if any, payable to Covered Lives and, if applicable, Contingent Lives and Beneficiaries pursuant to the Group Annuity Contract.", "samples": [{"hash": "kW7TQnCdZ8", "uri": "/contracts/kW7TQnCdZ8#annuity-payment", "label": "Definitive Purchase Agreement (Kimberly Clark Corp)", "score": 26.5550992471, "published": true}, {"hash": "5tf37mI4gBT", "uri": "/contracts/5tf37mI4gBT#annuity-payment", "label": "Definitive Purchase Agreement (Kimberly Clark Corp)", "score": 26.5550992471, "published": true}, {"hash": "8XXv0pSAaTG", "uri": "/contracts/8XXv0pSAaTG#annuity-payment", "label": "Definitive Purchase Agreement (Kimberly Clark Corp)", "score": 26.3004791239, "published": true}], "size": 6, "hash": "9c517948c8f8d866cdb60cb2d66137b2", "id": 3}, {"snippet_links": [{"key": "number-of", "type": "definition", "offset": [31, 40]}, {"key": "by-the-company", "type": "clause", "offset": [64, 78]}, {"key": "the-annuitant", "type": "clause", "offset": [82, 95]}], "snippet": "An Annuity Payment is one of a number of periodic payments made by the Company to the Annuitant under a Contract.", "samples": [{"hash": "ewBHkRfr67l", "uri": "/contracts/ewBHkRfr67l#annuity-payment", "label": "Insurance Contract (Southland Separate Account A1)", "score": 18.0, "published": true}, {"hash": "7HcvuAYZ9XI", "uri": "/contracts/7HcvuAYZ9XI#annuity-payment", "label": "Insurance Contract (Southland Separate Account A1)", "score": 18.0, "published": true}, {"hash": "3IfAKm19Mbk", "uri": "/contracts/3IfAKm19Mbk#annuity-payment", "label": "Insurance Contract (Southland Separate Account A1)", "score": 18.0, "published": true}], "size": 5, "hash": "606437b6d5b18b866c2426c8b54f1432", "id": 4}, {"snippet_links": [{"key": "monthly-payments", "type": "clause", "offset": [10, 26]}, {"key": "payable-to", "type": "definition", "offset": [27, 37]}, {"key": "group-annuity-contract", "type": "clause", "offset": [65, 87]}], "snippet": "means the monthly payments payable to Annuitants pursuant to the Group Annuity Contract. [ *** ]", "samples": [{"hash": "55cibUU9lzu", "uri": "/contracts/55cibUU9lzu#annuity-payment", "label": "Transaction Framework Agreement (General Motors Co)", "score": 23.8747433265, "published": true}, {"hash": "1taV6RT80Mt", "uri": "/contracts/1taV6RT80Mt#annuity-payment", "label": "Definitive Transaction Framework Agreement (General Motors Co)", "score": 23.5872689938, "published": true}], "size": 4, "hash": "d34fcc6e2af133dc3ffd4b7b4b4df9c8", "id": 5}, {"snippet_links": [{"key": "annual-installments", "type": "definition", "offset": [73, 92]}, {"key": "the-initial-payment", "type": "clause", "offset": [94, 113]}, {"key": "completion-of", "type": "definition", "offset": [133, 146]}, {"key": "validation-procedures", "type": "definition", "offset": [156, 177]}, {"key": "payments-shall-be", "type": "clause", "offset": [211, 228]}], "snippet": "means the manner in which the Top shall be paid in thirty (30) graduated annual installments. The initial payment shall be paid upon completion of internal validation procedures. The subsequent twenty-nine (29) payments shall be paid annually.", "samples": [{"hash": "lzspAQc9YlE", "uri": "https://ctlottery.org/Content/pages/versions/188/20240510103116/MegaMillions_OfficialRules-FINAL%2012.19.2023.pdf", "label": "Amendment", "score": 22.8893482985, "published": false}, {"hash": "6FKJ5yLKBcz", "uri": "https://www.ctlottery.org/Content/pages/5/MegaMillions_OfficialRules-FINAL%20GO%20LIVE.pdf", "label": "Amendment", "score": 16.2197125257, "published": false}], "size": 3, "hash": "e2415c3a81c73d85f53b94a74a66ff5d", "id": 6}, {"snippet_links": [{"key": "in-the-contract", "type": "clause", "offset": [25, 40]}], "snippet": "has the meaning provided in the Contract.", "samples": [{"hash": "llsnQVoDBZp", "uri": "/contracts/llsnQVoDBZp#annuity-payment", "label": "Commitment Agreement (Hartford Financial Services Group Inc/De)", "score": 28.5674195756, "published": true}], "size": 3, "hash": "351d809bfe4cc49e83a8c00fc003f8b9", "id": 7}, {"snippet_links": [{"key": "monthly-payments", "type": "clause", "offset": [10, 26]}, {"key": "other-periodic-payments", "type": "clause", "offset": [36, 59]}, {"key": "payable-to", "type": "definition", "offset": [61, 71]}, {"key": "group-annuity-contract", "type": "clause", "offset": [99, 121]}, {"key": "exhibits-attached", "type": "clause", "offset": [156, 173]}, {"key": "payment-schedules", "type": "clause", "offset": [198, 215]}], "snippet": "means the monthly payments (or such other periodic payments) payable to Annuitants pursuant to the Group Annuity Contract as set forth on the appendices or exhibits attached thereto (the \u201cAnnuitant Payment Schedules\u201d).", "samples": [{"hash": "fvom4xH9hSZ", "uri": "/contracts/fvom4xH9hSZ#annuity-payment", "label": "Group Annuity Contract (Pactiv Evergreen Inc.)", "score": 32.8412046543, "published": true}, {"hash": "gUH3f39TkWp", "uri": "https://investors.pactivevergreen.com/static-files/9b927b16-c0d2-4741-9aca-e0b4b7e3c46b", "label": "investors.pactivevergreen.com", "score": 8.9206023272, "published": false}], "size": 2, "hash": "393937979c25ad5ccd5d45822046dd09", "id": 8}, {"snippet_links": [{"key": "party-a", "type": "definition", "offset": [34, 41]}, {"key": "london-time", "type": "definition", "offset": [130, 141]}, {"key": "prior-to-the", "type": "clause", "offset": [160, 172]}, {"key": "in-accordance-with", "type": "definition", "offset": [199, 217]}, {"key": "market-practice", "type": "definition", "offset": [228, 243]}, {"key": "leading-banks", "type": "definition", "offset": [257, 270]}, {"key": "the-market", "type": "definition", "offset": [274, 284]}, {"key": "for-transactions", "type": "clause", "offset": [285, 301]}, {"key": "to-provide", "type": "definition", "offset": [314, 324]}, {"key": "annuity-payments", "type": "definition", "offset": [346, 362]}, {"key": "each-party", "type": "definition", "offset": [388, 398]}, {"key": "interest-payment-date", "type": "definition", "offset": [401, 422]}, {"key": "during-the-period", "type": "clause", "offset": [440, 457]}, {"key": "commencing-on", "type": "clause", "offset": [458, 471]}, {"key": "the-first-party", "type": "definition", "offset": [488, 503]}, {"key": "after-the-optional-termination-date", "type": "clause", "offset": [540, 575]}, {"key": "the-party", "type": "clause", "offset": [606, 615]}, {"key": "relevant-transaction", "type": "definition", "offset": [653, 673]}, {"key": "pursuant-to", "type": "definition", "offset": [755, 766]}, {"key": "in-consideration-of", "type": "clause", "offset": [785, 804]}, {"key": "payment-of", "type": "clause", "offset": [807, 817]}, {"key": "equal-to", "type": "definition", "offset": [828, 836]}, {"key": "market-value", "type": "definition", "offset": [841, 853]}, {"key": "payable-to", "type": "definition", "offset": [935, 945]}, {"key": "termination-party", "type": "definition", "offset": [962, 979]}, {"key": "termination-payment", "type": "definition", "offset": [993, 1012]}, {"key": "form-of", "type": "definition", "offset": [1020, 1027]}, {"key": "one-payment", "type": "clause", "offset": [1028, 1039]}, {"key": "arithmetic-mean", "type": "definition", "offset": [1363, 1378]}], "snippet": "means such amounts as Party B and Party A may agree. If Party B and Party A cannot so agree, Party A shall at or about 11.00 a.m. London time two Business Days prior to the Optional Termination Date in accordance with customary market practice request four leading banks in the market for Transactions in sterling to provide their quotes for the annuity payments which they would make on each Party A Interest Payment Date which would fall during the period commencing on (and including) the first Party A Interest Payment Date which falls after the Optional Termination Date and ending on (and including) the Party A Interest Payment Date on which the Relevant Transaction would otherwise have expired if it had not been terminated (in whole or in part) pursuant to this paragraph(s) in consideration of a payment of an amount equal to the Market Value of the Terminated Portion on the Optional Termination Date which would have been payable to Party B if upon termination Party A had made a termination payment in the form of one payment on the Optional Termination Date equal to Market Value. The highest quote (or, if there is more than one such highest quote, one only of such quotes) and lowest quote (or if there is more than one such lowest quote, one only of such quotes) will be disregarded and the \"Annuity Payments\" to be made by Party A shall be the arithmetic mean of the remaining quotes.", "samples": [{"hash": "9rEgzAngJiD", "uri": "https://investorreporting.paragonbankinggroup.co.uk/bondinvestor_viewer/resources/bondinvestor/pdf/relevantdocuments/paragongroup/pm22/pm22-isdaschedule(irs)-macquarie", "label": "investorreporting.paragonbankinggroup.co.uk", "score": 5.6105407255, "published": false}, {"hash": "dftA3eW5cq2", "uri": "https://investorreporting.paragonbankinggroup.co.uk/bondinvestor_viewer/resources/bondinvestor/pdf/relevantdocuments/paragongroup/pm18/pm18-isdascheduletothemasteragreement1", "label": "investorreporting.paragonbankinggroup.co.uk", "score": 3.8576317591, "published": false}], "size": 2, "hash": "08d7864329edcecfbe5517aa08ecd77d", "id": 9}, {"snippet_links": [{"key": "in-accordance-with", "type": "definition", "offset": [31, 49]}, {"key": "with-respect-to-an", "type": "clause", "offset": [75, 93]}, {"key": "contingent-annuitant", "type": "clause", "offset": [105, 125]}, {"key": "alternate-payee", "type": "clause", "offset": [127, 142]}, {"key": "if-applicable", "type": "clause", "offset": [160, 173]}, {"key": "annuity-start-date", "type": "definition", "offset": [175, 193]}, {"key": "annuity-exhibit", "type": "definition", "offset": [217, 232]}, {"key": "annuity-payments", "type": "definition", "offset": [246, 262]}], "snippet": "The amount, if any, determined in accordance with Provision II, to be paid with respect to an Annuitant, Contingent Annuitant, Alternate Payee, or Beneficiary, if applicable. Annuity Start Date: The date shown on the Annuity Exhibit on which the Annuity Payments begin with respect to an Annuitant, and if applicable Contingent Annuitant, Alternate Payee, and Beneficiary.", "samples": [{"hash": "dEYASU2vAVk", "uri": "/contracts/dEYASU2vAVk#annuity-payment", "label": "Group Annuity Contract (BOISE CASCADE Co)", "score": 30.1526351814, "published": true}, {"hash": "9SJYwkJPTjk", "uri": "/contracts/9SJYwkJPTjk#annuity-payment", "label": "Group Annuity Contract (BOISE CASCADE Co)", "score": 30.1526351814, "published": true}], "size": 2, "hash": "8843e54d81fec6e200bf91bd7f619bb1", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYYW5udWl0eS1wYXltZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "means one of a series of payments made under an annuity income option.", "title": "Annuity Payment", "size": 53, "id": "annuity-payment", "examples": ["Payments for any available <strong>Annuity Payment</strong> Frequency, Period Certain, age, or combination of ages not shown will be quoted upon request.", "The <strong>Annuity Payment</strong> Option may not be changed after the Annuity Commencement Date.", "An election to receive payments under an <strong>Annuity Payment</strong> Option must be made by the Maturity Date.", "ANNUITY UNIT -- A unit of measure used after the Annuity Commencement Date to calculate the amount of a Variable <strong>Annuity Payment</strong>.", "OPTION 3 LIFE INCOME WITH INSTALLMENT OR UNIT REFUND OPTION: This option provides <strong>Annuity Payments</strong> for the life of the Annuitant, with a period certain determined by dividing the Annuity Start Amount by the amount of the first <strong>Annuity Payment</strong>.", "Unless otherwise provided in the Beneficiary designation, once a Beneficiary is receiving Death Benefits or <strong>annuity payments</strong> under an <strong>Annuity Payment</strong> Option, the Beneficiary may name his or her own Beneficiary to receive any remaining benefits due under the Contract, should the original Beneficiary die prior to receipt of all benefits.", "After <strong>Annuity Payments</strong> have begun, any underpayments will be made up in one sum with the next <strong>Annuity Payment</strong>.", "If no election is made, the Contract Value will be used to provide a Variable <strong>Annuity Payment</strong>.", "Upon the death of the Owner, any remaining <strong>annuity payments</strong> will be made at least as rapidly as the <strong>Annuity Payment</strong> Option then in effect.", "By Owner Prior to the Annuity Commencement Date, the Owner may choose or change any <strong>Annuity Payment</strong> Option."], "related": [["annuity", "Annuity", "Annuity"], ["minimum-monthly-payment", "Minimum Monthly Payment", "Minimum Monthly Payment"], ["annuity-date", "ANNUITY DATE", "ANNUITY DATE"], ["death-benefit", "Death Benefit", "Death Benefit"], ["life-annuity", "life annuity", "life annuity"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}