Guaranteed Balance definition
Guaranteed Balance means, from the Effective Date, the notional balance in each Member Account to which ( i ) the capital ( including any previously declared return accumulated up to the Effective Date), and ( i i ) the guaranteed net return of 1. 50 % p. a. ( compounded annually on a daily accrual basis) i s credited.
Guaranteed Balance means the amount in HKD invested by a member in the insurance policy based APIF (net of contribution charges and offer spread, if any, as set out in the fee table in section 5.1 (Fee table) for that member accrued with the relevant Declared Crediting Rate on a daily basis.
Examples of Guaranteed Balance in a sentence
For the avoidance of doubt, an Additional Payment Claim shall not cover any part of the Outstanding Guaranteed Balance of a Scheme Facility in respect of which a Guaranteed Amount Payment Claim has already been made by the Lender to the Guarantor.
Following payment of the Payment Claim or any Additional Payment Claim, if the Lender receives, collects or recovers (including via set-off) any money attributable to the Outstanding Guaranteed Balance or attributable to any default or late payment interest arising on the Outstanding Guaranteed Balance, the Lender shall promptly pay to the Guarantor a sum equal to such money, having first deducted any costs incurred by the Lender in relation to any recovery efforts.