Automatic Payment Plan definition

Automatic Payment Plan means a plan for periodic withdrawals up to the GIB Annual Withdrawal Amount each Contract Year beginning at any time after the [first] Contract Date Anniversary.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Automatic Payment Plan means a withdrawal plan for periodic payments up to the Guaranteed Annual Payment amount each Contract Year, if such withdrawal plan is shown in the Data Pages.

Automatic Payment Plan means an optional plan for periodic withdrawals up to the Guaranteed Annual Withdrawal Amount each Contract Year.

Examples of Automatic Payment Plan in a sentence

If Borrower makes an alternative payment on Borrowers Loan by mail or by any pay-by-phone or on-line service that Lender makes available while Borrower is enrolled in the Automatic Payment Plan, Lender may treat such payment as an additional payment and continue to process Borrowers scheduled Automatic Payment Plan payments or may reduce any scheduled Automatic Payment Plan payment by the amount of any such additional payment received.
Lender may debit from Borrower’s Designated Checking Account all Automatic Payment Plan payments that ▇▇▇▇▇▇ was unable to collect and/or the amount of any other Obligations that Borrower failed to pay.
If Borrower makes an alternative payment on Borrower's Loan by mail or by any pay-by-phone or on-line service that Lender makes available while Borrower is enrolled in the Automatic Payment Plan, Lender may treat such payment as an additional payment and continue to process Borrower's scheduled Automatic Payment Plan payments or may reduce any scheduled Automatic Payment Plan payment by the amount of any such additional payment received.
You may also sign up for our Automatic Payment Plan or pay your rent online at our website, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
B▇▇▇▇▇▇▇ agrees to enroll in L▇▇▇▇▇’s Automatic Payment Plan and authorizes Lender to collect required payments as provided in the accompanying Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits).
Lender may debit from Borrower’s Designated Checking Account all Automatic Payment Plan payments that L▇▇▇▇▇ was unable to collect and/or the amount of any other Obligations that Borrower failed to pay.
Borrower agrees to enroll in Lender's Automatic Payment Plan and authorizes Lender to collect required payments as provided in the accompanying Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits).
Lender may debit from Borrower's Designated Checking Account all Automatic Payment Plan payments that ▇▇▇▇▇▇ was unable to collect and/or the amount of any other Obligations that Borrower failed to pay.
To the extent so provided in the Data Pages, Guaranteed Annual Payments may be taken through an Automatic Payment Plan we offer.
If the Principal wants to change or discontinue the Automatic Payment Plan, the Principal should contact one of our branches.

More Definitions of Automatic Payment Plan

Automatic Payment Plan means a plan for periodic withdrawals up to the GMIB Annual Withdrawal Amount each Contract Year beginning at any time after the [fifth] Contract Date Anniversary.

Automatic Payment Plan means an optional plan for periodic withdrawals up to the Guaranteed Annual Withdrawal Amount each Contract Year. The types of Automatic Payment Plans are described in Part VIII of this Rider.

Automatic Payment Plan means a plan for periodic withdrawals up to the Guaranteed Annual Withdrawal amount each Contract Year, if such payment plan is shown in Part III of this Rider. You, or the younger spouse under a Joint Life Contract, must be at least age 59 1/2 to elect such a plan.

Automatic Payment Plan means the payment plan described in clause 11.