Drawdown Fund definition

Drawdown Fund means any part of a Member's Individual Account that has been designated for the provision of Drawdown in accordance with these Rules. "Drawdown" includes "drawdown pension", "dependants' drawdown pension", "nominees' drawdown pension" and "successors' drawdown pension" as defined in the Finance Act 2004.
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Drawdown Fund means either a capped drawdown pension fund or
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Drawdown Fund means any part of an Individual Fund which is designated as available for the payment of Drawdown in accordance with the Rules or which in the opinion of the Operator should be so designated to reflect:
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Examples of Drawdown Fund in a sentence

  • Should COUNTY elect to proceed with this lease and instruct LESSOR to commence permit finalization and construction as recited in Section 26.1.1(a), LESSOR shall be entitled to payment and reimbursement for all costs and expenses incurred during the course of constructing the improvements to the Premises from the Construction Drawdown Fund recited in Exhibit E by submitting draw requests to the COUNTY on a monthly basis in accord with Exhibits C, D and E of this lease.


More Definitions of Drawdown Fund

Drawdown Fund means any part of a Member’s Account which, subject to the Trustees’ agreement,
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Related to Drawdown Fund

  • Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

  • Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.

  • Buydown Fund A fund provided by the originator of a Mortgage Loan or another Person with respect to a Buydown Loan which provides an amount sufficient to subsidize regularly scheduled principal and interest payments due on such Buydown Loan for a period. Buydown Funds may be (i) funded at the par values of future payment subsidies, or (ii) funded in an amount less than the par values of future payment subsidies, and determined by discounting such par values in accordance with interest accruing on such amounts, in which event they will be deposited in an account bearing interest. Buydown Funds may be held in a separate Buydown Fund Account or may be held in a Custodial Account for P&I or a Custodial Account for Reserves and monitored by a Servicer.

  • own funds means own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013;