Lapsing Date definition

Lapsing Date means the date determined by the Insurer from which the Policy shall lapse consequent to the Master Policyholder being in breach of any of its obligations under the Policy and the Insurer has not exercised its right of amendment in consequence of that breach; or all Scheme Members cease to be in Insurable Membership.
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Lapsing Date means, in respect of an Option the date which is seven years after the date of the grant of that Option, or such other date as the Board determines in its discretion with respect to that Option at the time of the grant of that Option.
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Lapsing Date means the date which is 12 months after the date of the first Advance made pursuant to this Agreement;
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Examples of Lapsing Date in a sentence

  • If the Policy gets lapsed as mentioned under Clause 1 of Part D, the Insurer shall (but without penalty for failure) inform the Master Policyholder of the ground on which it has deemed the Policy to have lapsed and of the date determined by it as the Lapsing Date, and may voluntarily or upon request inform the Master Policyholder of the conditions, if any, upon which it is prepared to reinstate the Policy.

  • The Insurer shall (but without penalty for failure) inform the Policyholder of the ground on which it has deemed these Provisions to have lapsed and of the date determined by it as the Lapsing Date, and may voluntarily or upon request inform the Policyholder of the conditions, if any, upon which it is prepared to reinstate the Policy.

  • No benefits under the Policy shall be payable on or after the Lapsing Date or between the Lapsing Date and the date on which the Policy is re-instated.

  • No amount of Sum Assured shall be payable on the death of a Scheme Member on or after the Lapsing Date.

  • Once an Option is capable of exercise in accordance with this Rule8.1, it may be exercised at any time up until 5.00pm in Sydney on the Lapsing Date.

  • In accordance with the terms of the Share Option Scheme, subject to the Scheme becoming effective, all Share Options not yet exercised by the Latest Option Exercise Time will lapse on the Option Lapsing Date.

  • The Insurer shall (but without penalty for failure) inform the Master Policyholder of the ground on which it has deemed the Policy to have lapsed and of the date determined by it as the Lapsing Date, and may voluntarily or upon request inform the Master Policyholder of the conditions, if any, upon which it is prepared to reinstate the Master Policy.

  • The Insurer shall (but without penalty for failure) inform the Master Policyholder of the ground on which it has deemed these Provisions to have lapsed and of the date determined by it as the Lapsing Date, and may voluntarily or upon request inform the Master Policyholder of the conditions, if any, upon which it is prepared to reinstate the Policy.

  • The Agency may extend the Lapsing Date at its complete discretion and will advise the Recipient of its decision.

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More Definitions of Lapsing Date

Lapsing Date has the meaning given to it in provision L11.
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Lapsing Date has the meaning ascribed to it in Clause 13.1;
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Lapsing Date have the meaning set forth in Section 10.1(b)(i) of this Agreement;
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Lapsing Date means the date that this Agreement terminates because the Recipient failed to submit a claim for payment or provide documentation with the claim satisfactory to the Agency.
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Related to Lapsing Date

  • Ending Date means the last day of each Offering Period.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Anniversary Each anniversary of the Cut-off Date.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Original Closing Date means March 21, 2013.

  • Date The Effective Date (as defined in the Funding Agreement) Acknowledged and Agreed: THE PRINCIPAL LIFE INCOME FUNDINGS TRUST DESIGNATED IN THIS GUARANTEE By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006 By: /s/ Dxxxx X. Xxxx Name: Dxxxx X. Xxxx Title: Vice President Date: The Effective Date (as defined in the Funding Agreement)

  • Acceleration Date on any Security means the date on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Scheduled Closing Date Has the meaning specified in the NPA.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).