Deferred Charge definition
Examples of Deferred Charge in a sentence
If the Policy Loan Balance at any time exceeds the Cash Value of the Policy less any remaining Deferred Charge, the Company will mail a notice to you and to any assignee.
Without limiting the generality of the foregoing, each of the Funds agrees that it will provide to the other Funds, the Manager and FEP such information as to date of issue and issue price of its Deferred Charge Securities and such other information as shall be required to facilitate the calculating of any amounts which are payable hereunder.
The obligation of FEP to arrange for the distribution of Deferred Charge Securities and to pay the Selling Commissions pursuant to Article 3.6 may be terminated by FEP if a FEP Event of Termination shall occur and be continuing.
All Deferred Charge Securities will be sold at a price equal to the Net Asset Value per Security at the time of purchase, without a sales charge to investors.
Any Proposed Deal Module with a Deferred Charge issued by nbn to the RSP before the TECv7.1 Transition Date can still be accepted by the RSP within the timeframe specified in that Proposed Deal Module.
Provided that a FEP Event of Termination has not occurred and is continuing, the right of FEP to arrange for the distribution of Deferred Charge Securities of the Funds under this Agreement may be terminated by the Manager if FEP fails to pay Selling Commissions pursuant to Article 3 and such failure is continuing.
For its services in arranging for the distribution of Deferred Charge Securities which form a Quarterly Pool, FEP shall receive a monthly fee (the "Monthly Fee") in each calendar month in respect of each Quarterly Pool equal to the Calculated Percentage in respect of that Quarterly Pool for that quarter multiplied by the daily average Net Asset Value of all Distributed and Reinvested Securities forming part of such Quarterly Pool multiplied by 30 and divided by 360.
In addition to its rights of suspension as provided above, the Manager, may, at any time, terminate FEP's right to arrange for the distribution of Deferred Charge Securities in respect of any future Quarterly Pool by providing 90 days prior written notice to FEP.
The Manager may reject purchase orders for Deferred Charge Securities received from a registered dealer during the term of this Agreement only in accordance with the terms stated in the Constating Documents of the Funds and/or the TGF Distribution Agreement.
Until terminated in accordance with the terms of this Agreement, FEP's distribution right is exclusive during the distribution period described above, other than during a suspension period, during which the Manager may arrange for the distribution of Deferred Charge Securities through any other Person, including the Manager.