MONTHLY ANNIVERSARY DAY definition

MONTHLY ANNIVERSARY DAY. The Monthly Anniversary Day is the same day as the Policy Date for each succeeding month.
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MONTHLY ANNIVERSARY DAY means the first day of each policy month. But, if that day is not a Valuation Date for all sub-accounts, the Monthly Anniversary Day will be deemed to be the next following Valuation Date.
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MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the Issue Date. Monthly Cost of Insurance: A deduction made on a monthly basis for the insurance coverage provided by this Policy. See Section 8. Monthly Expense Charge: A per Policy deduction, made on a monthly basis, for administration and other expenses. See Section 1.
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Examples of MONTHLY ANNIVERSARY DAY in a sentence

  • GRACE PERIOD IF, ON A MONTHLY ANNIVERSARY DAY PRIOR TO THE NO LAPSE PREMIUM DATE: 1.

  • NO-LAPSE PERIOD IF, ON A MONTHLY ANNIVERSARY DAY PRIOR TO THE NO LAPSE PREMIUM DATE, THE SUM OF ALL PREMIUMS PAID ON THIS POLICY, REDUCED BY ANY PARTIAL WITHDRAWALS AND ANY OUTSTANDING LOAN BALANCE, IS GREATER THAN OR EQUAL TO THE SUM OF THE NO LAPSE MONTHLY PREMIUMS FOR THE ELAPSED MONTHS SINCE THE ISSUE DATE, THIS POLICY WILL NOT LAPSE AS A RESULT OF A CASH VALUE LESS ANY LOANS, LOAN INTEREST DUE, AND ANY SURRENDER CHARGE BEING INSUFFICIENT TO PAY THE MONTHLY DEDUCTION.

  • Many properties were torched and destroyed or badly damaged (450 in Kurunegala District alone, according to local contacts).

  • The Academy supports the inclusion of external peer review at the EOI stage.

  • MONTHLY ANNIVERSARY DAY The day of the month shown in the Policy Specifications when we deduct the Monthly Deduction, or the next Valuation Day if the Monthly Anniversary Day is not a Valuation Day or is nonexistent for that month.

  • MONTHLY ANNIVERSARY DAY - The same day in each month as the Policy Date.

  • Topics covered included payment to finalise a sequestration in full, a property partnership facing difficulty, setting a DCO and advice to a lossmaking sole trader.

  • ADMINISTRATIVE CHARGE - $31.50 PER MONTH DURING THE FIRST POLICY YEAR - $6.50 PER MONTH ON AND AFTER THE FIRST POLICY ANNIVERSARY - BOTH AMOUNTS ARE INCLUDED AS APPLICABLE IN THE MONTHLY DEDUCTION ON A MONTHLY ANNIVERSARY DAY.

  • BOTH AMOUNTS ARE INCLUDED AS APPLICABLE IN THE MONTHLY DEDUCTION ON A MONTHLY ANNIVERSARY DAY.

  • INSURED: [JOHN DOE] OWNER: [JANE DOE] INITIAL SPECIFIED AMOUNT: $[100,000] POLICY DATE: [MAY 1, 2007] MINIMUM SPECIFIED AMOUNT: $100,000 DATE OF ISSUE: [MAY 1, 2007] MONTHLY ANNIVERSARY DAY: [01] ISSUE AGE [AND SEX]: [35 MALE] PREMIUM CLASS: [STANDARD TOBACCO] PLAN OF INSURANCE: FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE [BENEFIT SELECTION OPTION: [20]%.


More Definitions of MONTHLY ANNIVERSARY DAY

MONTHLY ANNIVERSARY DAY. The same day of the month as the Policy Effective Date. The Monthly Anniversary Day is shown on the Policy Schedule.
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MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the policy date shown in Section 1.
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MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the Policy Date shown in Section 1.
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MONTHLY ANNIVERSARY DAY is the day of the month when we make the Monthly Deduction. This day is the same day of the month as the Issue Date or the next Valuation Day if the day that the policy was issued is not a Valuation Day or is nonexistent for that month.
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MONTHLY ANNIVERSARY DAY. The same day in each succeeding month as the day of the month corresponding to the Policy Date shown in Section 1. Monthly Cost of Insurance: An amount deducted from the Account Value on a monthly basis for the insurance coverage provided by the Policy, as specified in Section 9. CVVUL-2001 Page 5 Monthly Deductions: The total of the Monthly Cost of Insurance , Monthly Mortality and Expense Risk Charge, and Monthly Expense charge. Monthly Expense Charge: An amount deducted from the Account Value on a monthly basis for administration and other expenses, as specified in Section 1. Monthly Mortality and Expense Risk Charge: The amount deducted from the Account Value in the Sub-Accounts for the Mortality and Expense Risk Charge, with the rate as specified in Section 1. Net Premium: A Premium less the Expense Charge Applied to Premium.
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MONTHLY ANNIVERSARY DAY. The same day of the month as the Policy Effective Date. The Monthly Anniversary Day is shown on the Policy Schedule. Net Asset Value Per Share: The value per share of any Fund as computed on any Valuation Day as described in the Fund Prospectus.
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Related to MONTHLY ANNIVERSARY DAY

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Anniversary Date means each anniversary of the Closing Date.

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

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

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Monthly Date means the last Business Day of each calendar month.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Month means a calendar month.

  • First Anniversary means the first anniversary of the Closing Date.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • CONTRACT ANNIVERSARY The anniversary of the Contract Date.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Subsequent Rate Period means, with respect to any Series of VMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing November 29, 2002.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Rebalance Business Day means any day which is a, Exchange Business Day and also a day on which commercial banks and foreign exchange markets settle payment in the country in which the relevant Reference Asset is admitted to trading or any other day designated as a Rebalance Business Day by the Issuer.