Contingent Deferred Sales Load definition

Contingent Deferred Sales Load means any sales load, including a deferred sales load, that is deducted upon redemption or annuitization of amounts representing all or a portion of a securityholder’s interest in a separate account;
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Contingent Deferred Sales Load means a deferred sales load that is paid, if at all, at the time of redemption, the amount of which would decrease to zero if the shares were held for a reasonable period of time specified by the company.
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Contingent Deferred Sales Load. A contingent deferred sales load may apply when a withdrawal from, or surrender of, this policy occurs. For purposes of determining the contingent deferred sales load, all withdrawals are made first from premiums on a first-in, first-out basis and then from earnings. We calculate the contingent deferred sales load separately for each premium received by us. The contingent deferred sales load is a percentage of the withdrawn premium. The applicable contingent deferred sales load percentages, as shown on the Information Page, are based on the number of complete years from the receipt of the premium(s) to the date of withdrawal.
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Examples of Contingent Deferred Sales Load in a sentence

  • Contingent Deferred Sales Load (“CDSL”): A sales load paid upon redemptions of fund shares occurring within a specified period of time after purchase, and typically expressed as a percentage of the redemption proceeds.

  • The term "Contingent Deferred Sales Load" ("CDSL") is defined in Section 12.

  • Terms of Issue and Mode of Sale: Issue of Units of Rs. 10 per Unit at the Applicable Net Asset Value (NAV) subject to applicable Entry and Exit Loads / Contingent Deferred Sales Load (CDSL) thereafter.

  • CONTINGENT DEFERRED SALES LOAD -------------------------------------------------------------------------------- A Contingent Deferred Sales Load ("CDSL") will be computed upon surrender of this certificate and upon each partial withdrawal.

  • Tenderer to quote only for credit payment offering a credit period of 30 days. Offers with payment term such as “payment thru Proforma Invoice” or “payment against documents thru bank” or “payment thru letter of credit” etc., will be summarily rejected. Bills have to be drawn on JGM-CA, Madras Fertilizers Limited, Manali, Chennai 600 068.


More Definitions of Contingent Deferred Sales Load

Contingent Deferred Sales Load. ("CDSL") is defined in Section 12.
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Contingent Deferred Sales Load. A contingent deferred sales load may apply when a withdrawal from, or surrender of, this certificate occurs. For purposes of determining the contingent deferred sales load, all withdrawals are made first from purchase payments on a first-in, first-out basis and then from earnings. We calculate the contingent deferred sales load separately for each purchase payment received by us. The contingent deferred sales load is a percentage of the withdrawn purchase payment. The applicable contingent deferred sales load percentages, as shown on the Information Page, are based on the number of complete years from the receipt of the purchase payment(s) to the date of withdrawal. Waiver of Contingent Deferred Sales Load We will waive the contingent deferred sales load: On the allowed amount. Upon annuitization on or after the first certificate anniversary, if the selected settlement option involves life contingencies. Upon the owner's death before the annuity date.
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Related to Contingent Deferred Sales Load

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Maximum Potential Additional Dividend Liability, as of any Valuation Date, means the aggregate amount of Additional Dividends that would be due if the Corporation were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Corporation, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Additional Dividends are fully taxable.

  • Deferred Sales Charge means the "deferred sales fee" as described in the Prospectus.

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Bonus Payments means that portion of the bonus payments received by the

  • Contingent Payment means any payment that has been (or is required to be) ------------------ made under any of the following circumstances:

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Annual Fixed Distribution Rate means, for any Subsequent Fixed Rate Period, the rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 3.56%.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Accumulated contributions means the sum of all

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume. “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted.