Bonus Credit definition

Bonus Credit. For purposes of determining the Bonus Credit associated with a Purchase Payment to this Contract, the following table will be used: Owner's Investment Bonus Credit % ------------------ -------------- Less than $99,999 3.0% $100,000 or greater but less than $999,999 4.0% $1,000,000 or greater 5.0% The Owner's Investment at the time of a Purchase Payment is equal to the sum of:
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Bonus Credit means an amount credited to a Participant's Account as provided in Section 3.5(b)(1).
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Bonus Credit means either a fixed value or a percentage credit to a Player’s Lottery Account balance that may be used to purchase Games/Plays, but is not redeemable for cash.
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Examples of Bonus Credit in a sentence

  • This additional Bonus Credit will not be applicable after the first anniversary of the Contract Date.

  • The additional Bonus Credit will be determined by multiplying the sum of the prior Purchase Payments by the additional Bonus Credit percentage.

  • The additional Bonus Credit percentage will be the difference between the percentage applicable to the subsequent Purchase Payment and the percentage applied to the prior Purchase Payments.

  • LNL will use each Purchase Payment and corresponding Bonus Credit to buy Accumulation Units in the Variable Sub-account(s) selected by the Owner.

  • The amount of the Bonus Credit is calculated as a percentage of the Purchase Payment.

  • A Bonus Credit is paid into this Contract by LNL for the initial and all subsequent Purchase Payments made to this Contract.

  • The final true-up model with respect to such Tax Equity Fund delivered to the related Tax Equity Investor pursuant to the applicable Tax Equity Opco LLC Agreement shall not reflect an Unapproved Bonus Credit.

  • Determination of the Owner's Cumulative Purchase Payments and the Bonus Credit percentage is set forth on the Contract Data page(s).

  • The Bonus Credit percentage is based upon the amount of the Owner's Cumulative Purchase Payments to the Contract at the time of a Purchase Payment.

  • The Bonus Credit percentage is based upon the amount of the Owner's Investment at the time of a Purchase Payment.


More Definitions of Bonus Credit

Bonus Credit means an amount credited to a Participant’s Account as provided in Section 3.5(b)(1).
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Bonus Credit in relation to a Member means any part of the Retirement Benefit which is not Transfer Credit and which is provided in respect of, or computed by reference to, service while not a Member, or which is not required by any Supplementary Rules to be provided but is provided by the Trustees on the direction of the Principal Company, or which is provided in consequence of any alteration in the Rules made after he became a Member.
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Bonus Credit means any credit offered to a customer by an Originator as an inducement to extend or renew, or as a reward for extending or renewing, a Contract.
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