Date of Surrender definition

Date of Surrender means the date on which the Company receives the written communication from the Policyholder to surrender the Policy as per Section 9 below.
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Date of Surrender means, subject to clause 7 of the Tripartite Deed, the date of this Deed;
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Date of Surrender means the date the contract is actually mailed to the company or the date the contract holder actually delivers the contract to the company or to an authorized representative of the company. The contract holder could surrender the contract to either a sales representative or a corporate officer at one of the regional offices. The date of such transfer should be the date used to determine the cash value of the contract.
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Examples of Date of Surrender in a sentence

  • On surrender during the lock-in period of first five years of your Policy, the Fund Value, less the applicable Discontinuance/Surrender charge, as on the Date of Surrender, will be transferred to the Discontinued Life Policy Fund (maintained by the Company), and risk cover under the Policy shall cease immediately.

  • On Surrender the Guaranteed Surrender Value equal to Guaranteed Surrender Value factors multiplied by cumulative Premiums paid till Date of Surrender will be payable as lump sum amount.

  • On Policy surrender after the lock-in period of the first 5 Policy Years of the Policy, the Policy Account Value as on the Date of Surrender will be paid as Surrender Benefit and the Policy will terminate immediately.

  • The risk cover will terminate immediately as on the Date of Surrender.

  • On surrender or maturity, the PAV as on the Date of Surrender or maturity (as applicable) will be paid.

  • If the Policy is surrendered during lock in period of the first five (5) Policy Years, the Regular Premium Fund Value less the Discontinuance/Surrender Charge, if any, per Section 18g) below along with Top up Premium Fund Value, if any, (all as on the Date of Surrender) will be transferred to the Discontinued Life Policy Fund, and all risk cover including any additional rider cover under the Policy will be terminated immediately.

  • This coupling has so far occurred in the company of grant incentives.

  • The Regular/Single Premium Fund Value less the Discontinuance Charge, if any, [per Section 19f) below], plus the Top Up Premium Fund Value, if any, all as on Date of Discontinuance/ Date of Surrender, accumulated at the minimum guaranteed rates of investment return on the Discontinued Pension Policy Fund net of Fund Management Charge [per Sub-Section 6d)iii) below].

  • If any fractional N.V. Share would, except for the provisions of this Section, be deliverable upon the conversion of any Debt Security or Debt Securities, the Issuer shall make payment in lieu thereof in an amount of United States dollars equal to the value of such fraction computed on the basis of the Closing Price of the N.V. Shares on the last Business Day prior to the Date of Surrender.

  • If the Policy is surrendered during lock in period of the first five (5) Policy Years, Discontinuance action shall be taken and the Regular/Single Premium Fund Value less the Discontinuance Charge, if any, [per Section 19f) below], plus the Top Up Premium Fund Value, if any, (all as on the Date of Surrender) will be transferred to the Discontinued Pension Policy Fund, and risk cover under the Policy will be terminated immediately.


More Definitions of Date of Surrender

Date of Surrender means, in the case of the surrender of shares under Clause 9.1, the date the Board resolves to accept the surrender of shares, or in the case of the surrender of shares under Clause 9.2, the date that is one month after notice in writing of the requirement to surrender the shares is given to the shareholder, or in the case of Clause 9.3, means the date the Board resolves to accept the surrender of shares in accordance with section 20(3) of the CC Act;
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Related to Date of Surrender

  • Surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.

  • Certificate of Substantial Completion means the certificate executed by the A/E, ODR and Contractor that documents to the best of A/E’s and ODR’s knowledge and understanding, Contractor’s sufficient completion of the work in accordance with the Contract, so as to be operational and fit for the use intended.

  • Metal tire means every tire the surface of which in contact with the highway is wholly or partly of metal or other hard, nonresilient material.

  • Date of Loss means the date of the incident occurring to Your Vehicle which results in the Motor Insurance Company paying a claim for Total Loss.

  • Date of sale means the date agricultural products are

  • Date of Lodging means the date this Decree is filed for lodging with the Clerk of the Court for the United States District Court for the District of Colorado.

  • Date of Possession means the date on which the Allottee is handed over possession of the said Apartment;

  • Surrender Charge means a charge levied on the Fund Value at the time of surrender of the Policy.

  • Date of Taking means the date the Condemnor has the right to possession of the property being condemned.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • Modular building retailer means any person who purchases or acquires a modular building from a

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Commencement Date means the date of this Agreement.

  • Lease Termination Date means the last day of the Lease Term.

  • Date of Issue for a particular Warrant means the date on which the Warrant is actually issued by or on behalf of the Company;

  • Building Envelope means the integrated elements of a building which separate its interior from the outdoor environment;

  • Common space means an area on which two or more information functions (e.g. symbol) may be displayed, but not simultaneously.

  • Child day center means a child day program offered to (i) two or more children under the age of 13 in a facility that is not the residence of the provider or of any of the children in care or (ii) 13 or more children at any location.

  • registered premises means a location that is licensed pursuant to this chapter and includes:

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;

  • Vacant building means a building that has been vacant and

  • Service Commencement Date in respect of a Service or a particular instance of a Service means the date on which that particular Service or particular instance of a Service is first provided to the Customer, or as otherwise explicitly set out in this Agreement;