Maturity Funds definition

Maturity Funds means cash proceeds held by any third party generated by or from the maturity of any Policy.
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Maturity Funds means the Cash proceeds paid or payable by the life insurance company under the terms of any Policy that is or hereafter becomes a Matured Policy.
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Maturity Funds means the Cash proceeds paid or payable, as the context requires, by the Insurer under the terms of any Policy that is or hereafter becomes a Matured Policy.
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Examples of Maturity Funds in a sentence

  • Priority Creditors: Maturity Funds + $124,886,459.85 $14,956,388.49 3 Interest on Maturity Funds Loan + $1,965,116.54 $143,833.17 Excess Escrow Funds $0.00 $8,096,667.92 (4).

  • Priority Creditors: Maturity Funds Paid to Position Holders + $124,886,459.854 Interest on Maturity Funds Loan + $1,965,116.54 (4).

  • As provided in Section 4.04 of the Plan, and subject to Section 10.07 of the Plan, on or about the Effective Date, the Position Holder Trust shall pay in full all Maturity Funds Loans reflected on the Statements of Maturity Account provided to Current Position Holders who hold Fractional Positions relating to Matured Policies, plus interest calculated as provided in the Financing Order.

  • Notwithstanding anything to the contrary contained in the Plan or in this Confirmation Order, until the Maturity Funds Loans outstanding on the Effective Date have been paid in full as provided in the Plan, the Financing Order and all of the liens, protections, benefits, and priorities provided thereunder shall survive and continue in full force and effect.

  • On the Effective Date, the Position Holder Trust shall assume all obligations to pay all of the outstanding Maturity Funds Loans, and from and after the Effective Date, the terms of the Maturity Funds Facility will be governed by the procedures set forth in Section 4.04 of this Plan.

  • The Continuing IRA Holders will contribute the Continuing Position Holder Contributions and the portion of their Allowed Claims attributable to them, including any attributable right to Maturity Funds in escrow and repayment of Maturity Funds Loans, to the IRA Partnership in exchange for IRA Partnership Interests.

  • If an advance request is made by the Position Holder Trustee (as contemplated by Section 4.04(h)(iv) above), thereafter, Maturity Funds deposited into the Maturity Escrow Account will be held and disbursed as provided in Section 4.04(e).

  • From and after the Effective Date, the procedures set forth in Section 4.04 of the Plan and the Maturity Funds Collateral Agreement shall govern the application of the Maturity Funds Facility.

  • The Trustee shall deposit into each Dedicated Account, promptly upon receipt, (1) all funds required to be deposited into the account by the terms of the Plan, this Position Holder Trust Agreement, the Maturity Funds Collateral Agreement or the New IRA Note Collateral Documents, and (2) all payments with respect to any investment of such deposited amounts.

  • Any use of the Maturity Funds Facility after the second anniversary of the Effective Date will be subject to approval by the Bankruptcy Court.

Related to Maturity Funds

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

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

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Maturity Date means March 15, 2026.

  • Legal Maturity Date means July 15, 2024.

  • 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.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

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

  • Final Maturity Date means March 31, 2022.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Legal Final Maturity Date means the first Settlement Date on or after the date that is two years after the Termination Date.

  • Final Maturity has the meaning specified in Section 308.

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

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

  • Springing Maturity Date has the meaning specified in the definition of “Maturity Date”.

  • Revolving Loan Maturity Date means January 1, 2011, unless extended by Lender pursuant to any modification, extension or renewal note executed by the Borrower and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • 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.

  • 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.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2005-5, Home Equity Pass-Through Certificates, Series 2005-5. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Eligible Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Equipment Maturity Date is defined in Section 2.1.1.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.