Initial Face Amount definition

Initial Face Amount is defined in Section 2.2(f).

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Initial Face Amount means, with respect to each Policy that is or has ever been a Pledged Policy, the face amount of such Policy as of the date such Policy became a Pledged Policy.

Initial Face Amount means in respect of any Reference Obligation, the initial par amount of such Reference Obligation specified in the Reference Portfolio Annex.

Examples of Initial Face Amount in a sentence

Death Benefit Option D (which is a special case of VART) is underwritten and reported as two times the Initial Face Amount for all coverages issued with the policy.
Initial Face Amount $________________________________________________________ C.
If the Death Benefit is Option 1 and the Initial Face Amount has been increased, the Risk Amount for the Initial Face Amount and for each increase in Face Amount will be determined by allocating the Accumulated Value to each portion of the Face Amount according to the ratio of each portion to the total Face Amount of this contract.
The Face Amount on the Date of Issue is the Initial Face Amount shown on page 3.
In the event of such a reduction in the Initial Face Amount, the Company will allocate the partial Surrender Charge to each Sub-Account and the Fixed Account based on the proportion that the value of the Fixed Account and the value of the Sub-Account(s) bear to the total un-loaned Policy Value.
However, if the Initial Face Amount is decreased according to Section 5.5, the charge will be based on the Face Amount remaining after the decrease.
They will then be applied to prior increases in the Face Amount in the reverse order in which such increases took place, and then to the Initial Face Amount.
This rider will terminate on the earliest of: 1) The Expiration Date for this rider shown on page 5-COL; 2) The date this contract terminates; 3) The date you reject an increase in Face Amount under this rider; 4) The date you decrease the Face Amount; 5) The date the sum of the increases in Face Amount due to this rider equals or exceeds two times the Initial Face Amount; and 6) The date you give Written Notice to cancel this rider.
If the Initial Face Amount is decreased, the Decrease Charge is the product of: 1) The ratio of the decrease in Face Amount to the Initial Face Amount; and 2) The sum of: a) The Deferred Administrative Charge; and b) The lesser of: i) The Maximum Contingent Deferred Sales Charge; and ii) 25% of premiums paid in the first Contract Year.
The Premium Class for the Initial Face Amount is shown on page 3.

More Definitions of Initial Face Amount

Initial Face Amount means in relation to any Put Portfolio Asset the amount indicated as such in the Put Portfolio Annex.

Initial Face Amount has the meaning set forth in Section 2.6.

Initial Face Amount means $114,000,000.

Initial Face Amount means $135,000,000, the face amount of the Initial Securities which, when multiplied by the premium at which the Initial Securities were issued, yielded gross proceeds, to the Company of $140,400,000.

Initial Face Amount means in relation to any Put Portfolio II Asset the amount indicated as such in the Put Portfolio II Annex.

Initial Face Amount the amount shown on Page 3. INSURED: the person whose life is insured under this policy as shown on Page 3.