Maturity Payout definition

Maturity Payout. On the Maturity Date, GLAIC will pay to the Policyholder the Fund Balance. If such date is not a Business Day, the Maturity Payout will be made on the next following Business Day; provided, however, that interest shall not accrue beyond the Maturity Date.
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Maturity Payout. On the Maturity Date, GLAIC will pay to the Policyholder the Fund Balance. If such date is not a Business Day, the Maturity Payout will be made on the next following Business Day; provided, however, that interest shall not accrue beyond the Maturity Date. Business Day City(s): New York, New York Other Terms: None The calculation of the Guaranteed Rate and all other payment terms of this Policy will be determined in the manner described in the “Description of the Notes” section in the Prospectus Supplement. GENWORTH LIFE AND ANNUITY GENWORTH GLOBAL FUNDING TRUST 2008-26 INSURANCE COMPANY By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By*: /s/ ▇▇▇▇▇▇▇▇ ▇. Child ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. Child
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Maturity Payout. On -, 20__ (the "Maturity Date") we will pay you the Fund Balance.]
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Examples of Maturity Payout in a sentence

  • GLAIC fails to make the Maturity Payout described in the Accumulation Fund Schedule or in any other funding agreement GLAIC issues in connection with the Program and such failure is continuing as of the end of the Business Day following the due date thereof.

  • GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified (subject to Section 4.7).

  • We shall periodically pay you interest in the amounts specified in the Schedule as Periodic Payments, on the dates specified, including the Maturity Payout.

  • GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates Specified (subject to Section 4.7).

  • GELAAC fails to make the Maturity Payout described in the Accumulation Fund Schedule or in any other funding agreement GELAAC issues in connection with the Program and such failure is continuing as of the end of the Business Day following the due date thereof.

  • GELAAC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified (subject to Section 4.7).

  • If such date is not a Business Day, the Maturity Payout will be made on the next following Business Day; provided, however, that interest shall not accrue beyond the Maturity Date.

  • If GELAAC fails to make any Periodic Payout or Maturity Payout (as such terms are defined in the Reinsured Contracts) when due, GELAAC shall immediately notify Reinsurer of such default and by the end of that business day provide an accounting to Reinsurer calculated in the same manner as the Quarterly Accounting except that such accounting shall be as of the date of default.

  • Reinsurer shall pay any amount due to GELAAC within five (5) business days of such accounting for a Periodic Payout and within one business day for a Maturity Payout, provided GELAAC has complied with the Notice of Cash Shortfall provision of Section 4.3(1).

  • GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified(subject to Section 4.7).


More Definitions of Maturity Payout

Maturity Payout. On the Maturity Date, GLAIC will pay to the Policyholder the
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Maturity Payout. On March 15, 2010 (the "Maturity Date") we will pay you the Fund Balance.
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Maturity Payout. On December 15, 2010 (the “Maturity Date”) GELAAC will pay to the Policyholder the Fund Balance. If such date is not a Business Day, the Maturity Payout will be made on the next following Business Day, without interest for the period the payment is deferred.
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