Fixed Rate Option means any of the Fixed Rate Options defined in Paragraph 3.02 hereof.
Fixed Rate Option. MINIMUM INTEREST CREDITING RATE: [2.0% ANNUALLY ON ALL AMOUNTS FIRST ALLOCATED OR TRANSFERRED TO THE FIXED RATE OPTION PRIOR TO THE TENTH ANNIVERSARY OF THE ISSUE DATE; 3.0% ANNUALLY ON ALL AMOUNTS ALLOCATED OR TRANSFERRED TO THE FIXED RATE OPTION ON OR AFTER THE TENTH ANNIVERSARY OF THE ISSUE DATE.] SCHEDULE (CONTINUED) GUARANTEE PERIODS AND INITIAL INTEREST RATES AS OF THE ISSUE DATE: INITIAL ADDITIONAL ONE-YEAR INTEREST CREDITING RATE FOR GUARANTEE PERIODS INITIAL INTEREST RATE THE GUARANTEE PERIOD SHOWN [1 year X% X% 2 years X% X% 3 years X% X% 4 years X% X% 5 years X% X% 6 years X% X% 7 years X% X% 8 years X% X% 9 years X% X% 10 years X% X%] THE ADDITIONAL INTEREST CREDITING RATE VARIES BASED ON THE GUARANTEE PERIOD YOU ELECT, BUT IS CREDITED FOR ONE YEAR ONLY, BEGINNING ON THE DATE YOU ALLOCATE APURCHASE PAYMENT, OR PART OF ONE, TO A FIXED RATE OPTION. PLEASE NOTE THAT THE GUARANTEE PERIODS AND CORRESPONDING INITIAL INTEREST RATES SHOWN ARE THOSE YOU SELECTED AT THE ISSUE DATE OF THIS ANNUITY. WE MAY OFFER DIFFERENT GUARANTEE PERIODS OF DIFFERENT DURATION AFTER THE ISSUE DATE. THE INITIAL INTEREST RATES SHOWN ARE EFFECTIVE ONLY AS OF THE ISSUE DATE. THE INTEREST RATES FOR NEW FIXED RATE OPTIONS MAY BE CHANGED PERIODICALLY.] SCHEDULE (CONTINUED) [MVA OPTION: MINIMUM INTEREST CREDITING RATE: [3.0%] GUARANTEE PERIODS AND INITIAL INTEREST RATE AS OF THE ISSUE DATE: GUARANTEE PERIODS INITIAL INTEREST RATE [1 year X% 2 years X% 3 years X% 4 years X% 5 years X% 6 years X% 7 years X% 8 years X% 9 years X% 10 years X%] PLEASE NOTE THAT THE GUARANTEE PERIODS AND CORRESPONDING INITIAL INTEREST RATES SHOWN ARE THOSE YOU SELECTED AT THE ISSUE DATE OF THIS ANNUITY. WE MAY OFFER DIFFERENT GUARANTEE PERIODS OF DIFFERENT DURATION AFTER THE ISSUE DATE. THE INITIAL INTEREST RATES SHOWN ARE EFFECTIVE ONLY AS OF THE ISSUE DATE. THE INTEREST RATES FOR NEW MVA OPTIONS MAY BE CHANGED PERIODICALLY. INDEX PERTAINING TO MVA OPTIONS: [THE INDEX IS BASED ON THE STRIP YIELDS PROVIDED TO US BY AN INDEPENDENT PRICING SERVICE OF OUR CHOICE AS OF THE DATE WE DECLARE A RATE OF INTEREST. THE APPLICABLE TERM (LENGTH OF TIME FROM ISSUANCE TO MATURITY) OF THE STRIPS IS THE SAME AS THE DURATION OF THE GUARANTEE PERIOD. IF NO STRIPS ARE AVAILABLE FOR SUCH TERM, STRIPS FOR THE NEXT SHORTEST TERM ARE USED. IF THE UNITED STATES TREASURY DISCONTINUES OFFERING ANY OF THE APPLICABLE CERTIFICATES OF INDEBTEDNESS UPON WHICH STRIPS ARE BASED OR IF THERE IS ANY DISRUPTION IN THE MARKET FOR STRIPS THA...
Fixed Rate Option defined in Section 4.5 of the Loan Agreement.
Examples of Fixed Rate Option in a sentence
Funds must remain in the Fixed Rate Option while the claim is reviewed and while Benefit Payments are being received.
Additional premium payments or loan repayments must also be allocated to the Fixed Rate Option while a claim is reviewed and while Benefit Payments are being received.
When a loan is made, an amount equal to the loan proceeds is transferred out of the Variable Investment Options and/or the Fixed Rate Option, as applicable.
Premiums other than those received prior to the Contract Date and those described above will be allocated among the Variable Investment Options and/or the Fixed Rate Option according to the current premium allocation (less front-end charges) as of the date received.
The payment of any Cash Surrender Value attributable to the Fixed Rate Option may be delayed up to six months.
More Definitions of Fixed Rate Option
Fixed Rate Option shall have the meaning indicated in the particular Note for a Loan.
Fixed Rate Option described in Section 4.5 of the Loan Agreement. GAAP: generally accepted accounting principles as set forth in the statements of financial accounting standards issued by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants, as varied by any applicable financial accounting rules or regulations issued by the SEC or the Public Company Accounting Oversight Board, and applied on a basis consistent with prior periods except as may be disclosed in the pertinent Person’s financial statements. GEES Acknowledgment and Agreement: the acknowledgment and agreement of GE Engine Services, Inc. to the collateral assignment contemplated by Granting Clause (2) of the Mortgage and the agreement of Borrower as to certain matters addressed therein, substantially in the form attached to the Loan Agreement as Exhibit F. Governmental Entity: (1) any national government, political subdivision thereof, or local jurisdiction therein; (2) any instrumentality, board, commission, court, or agency of any thereof, however constituted; and (3) any association, organization, or institution of which any of the above is a member or to whose jurisdiction any thereof is subject. GTA: General Terms Agreement No. CFM-03-0017, dated June 30, 2003, by and between Engine Manufacturer and Borrower including all exhibits thereto. Holdings: AirTran Holdings, Inc., a Nevada corporation.
Fixed Rate Option as used herein shall mean the one-time option of the Borrower to have interest computed hereunder on the basis of an interest rate per annum equal to two and one-half percent (2.50%) per annum above the "Fixed Rate" (as hereinafter defined) (the "Adjusted Fixed Rate") for a period of three, four or five years (the "Fixed Rate Period"). The "Fixed Rate" shall be the fixed rate of interest quoted by the Lender for the outstanding principal balance hereunder for the remainder of the term hereunder. Upon expiration of the Fixed Rate Period, the principal amount outstanding hereunder shall then immediately bear interest at the Adjusted Base Rate for the balance at the term hereof, if any.
Fixed Rate Option means any of the Fixed Rate Options defined in Section 4.02 hereof.
Fixed Rate Option shall have the meaning given in Section 3.1(b)(ii).
Fixed Rate Option means for each of the Banks the fixed annual percentage rate determined from time to time pursuant to the provisions of Section 2.5(a) of this Agreement.
Fixed Rate Option means each Term SOFR Rate Option.