Fixed Maturity Amount definition

Fixed Maturity Amount means the amount held with respect to a given Fixed Maturity Option. The Fixed Maturity Amount reflects Contributions and transfers made to a Fixed Maturity Option, plus interest at the Rate to Maturity, minus any withdrawals, transfers and charges, if any, deducted from a Fixed Maturity Option.
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Fixed Maturity Amount. (FMA) means the amount held with respect to a given Fixed Maturity Option. The Fixed Maturity Amount reflects Contributions and transfers made to a Fixed Maturity Option, plus interest at the Fixed Maturity Option Rate to Maturity, minus any withdrawals, transfers and charges, if any, deducted from a Fixed Maturity Option.
Sample 1
Fixed Maturity Amount. (FMA) means the amount held with respect to a given Fixed Maturity Option. The Fixed Maturity Amount reflects Contributions and transfers made to a Fixed Maturity Option, plus interest at the Fixed Maturity Option Rate to Maturity, minus any withdrawals, transfers and charges, if any, deducted from an Fixed Maturity Option.
Sample 1

Examples of Fixed Maturity Amount in a sentence

  • Such report will include the Fixed Maturity Amount, MVA and Annuity Account Value in the FMO.

  • We determine the Fixed Maturity Amount that will be payable on the Expiration Date, using the Guaranteed Rate for such FMO.

  • The Fixed Maturity Amount of a Fixed Maturity Option is equal to the amount allocated to that Fixed Maturity Option, plus interest at the Rate to Maturity, minus withdrawals, transfers and charges, if any, deducted from the Fixed Maturity Option and adjusted for any market value adjustment previously applied.

  • The amount held with respect to an FMO is called the Fixed Maturity Amount, plus interest at the Guaranteed Rate, minus any withdrawals, transfers and charges, if any, deducted from the FMO.

  • We determine the present value of the Fixed Maturity Amount payable at the Expiration Date, using the period determined in item (b) and the rate determined in item (c).

  • The Fixed Maturity Amount of a Fixed Maturity Option is equal to the amount allocated to that Fixed Maturity Option, plus interest at the Rate to Maturity, minus any withdrawals, transfers and charges, if any, deducted from the Fixed Maturity Option and adjusted for any market value adjustment previously applied.

  • With respect to each Participant, at least once each year until the Annuity Commencement Date, we will furnish the Participant with a report showing for each Investment Option the Annuity Account Value, the number of Accumulation Units for each Variable Investment Option and for the Fixed Maturity Options, the Fixed Maturity Amount, market value adjustment and Annuity Account Value.

  • The amount in a Fixed Maturity Option before application of a market value adjustment is called the Fixed Maturity Amount.

  • The Fixed Maturity Amount of a FMO is equal to the amount allocated to that FMO, plus interest at the FMO Rate to Maturity, minus any withdrawals, transfers and charges, if any, deducted from the FMO and adjusted for any MVA previously applied.

  • The MVA (positive or negative) resulting from a withdrawal or transfer of a portion of the Fixed maturity Amount in a FMO will be a percentage of the MVA that would be applicable upon a withdrawal of the entire Fixed Maturity Amount from a FMO.

Related to Fixed Maturity Amount

  • Maturity Amount means the amount due at maturity with respect to a Capital Appreciation Bond.

  • Extended Maturity Date shall have the meaning set forth in Section 2.5(c) hereof.

  • Postponed Maturity Date means the tenth Business Day following the originally scheduled Maturity Date;

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Maximum Maturity means an obligation that has a remaining maturity of not greater than the period specified in the Standard (or if no such period is specified, thirty years);

  • Scheduled Maturity Date means June 30, 2032.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Class B Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Applicable Maturity Date means (a) with respect to the Revolving Loans, the Swing Line Loans and Letters of Credit, the Revolving Loan Maturity Date and (b) with respect to the Term Loan, the Term Loan Maturity Date.

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Revolving Maturity Date means the day before the first anniversary of the Closing Date.

  • Final Maturity Date means March 31, 2022.

  • Tranche A Maturity Date means August 4, 2005, or, if such day is not a Business Day, the next preceding Business Day.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Expected Maturity Date means June 15, 2021.

  • Stated Maturity Date is the date, as set forth on the Accumulation Fund Schedule, when the Fund Balance is originally due and payable to the Policyholder.