MONTHLY DEDUCTIONS definition

MONTHLY DEDUCTIONS means the deductions taken from the accumulation value on the monthly activity date. These deductions are equal to: 1) the current cost of insurance for the basic policy plus the cost for any riders; and 2) the administrative expense charge.
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MONTHLY DEDUCTIONS means the deductions taken from the accumulation value on the monthly activity date. These deductions are equal to: 1) the current cost of insurance
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MONTHLY DEDUCTIONS means the base deduction of principal and interest which Distributor is authorized to charge against and recoup by deduction in computing Net Proceeds due and payable to Company in each monthly accounting rendered pursuant to the Distribution Agreement until the Advances and all applicable interest thereon are recouped by or repaid to Distributor in full. A schedule of the Monthly Deductions (separately specifying principal and interest) anticipated for each accounting month during the Term of the Distribution Agreement is attached hereto as Exhibit C.
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Examples of MONTHLY DEDUCTIONS in a sentence

  • AFTER DEDUCTION OF THIS AMOUNT, THE BALANCE IS THE INVESTED PREMIUM AMOUNT (SEE PAGE 11.) *****END OF SCHEDULE***** SCHEDULE OF MONTHLY DEDUCTIONS FROM CONTRACT FUND THE MONTHLY ADMINISTRATION CHARGE IS $3.50.

  • SCHEDULE OF MONTHLY DEDUCTIONS FROM THE CONTRACT FUND FOR ANY EXTRA BENEFITS OR EXTRA RATING CLASS NONE ***** END OF SCHEDULE ***** SCHEDULE OF MAXIMUM SURRENDER CHARGES For full surrender at the beginning of the contract year indicated, the maximum charge we will deduct is shown below.

  • COST OF INSURANCE CHARGE: SEE THE MONTHLY DEDUCTIONS SECTION OF THE POLICY VALUE PROVISION FOR DETAILS ON HOW THE COST OF INSURANCE CHARGE IS DETERMINED.

  • WAIVER OF PREMIUM FOR DISABILITY BENEFIT (WAIVER OF MONTHLY DEDUCTIONS RIDER).

  • MONTHLY DEDUCTIONS There will be no Monthly Deductions on and after the Anniversary on which the Insured is Attained Age 100.

  • AFTER DEDUCTION OF THIS AMOUNT, THE BALANCE IS THE INVESTED PREMIUM AMOUNT (SEE PAGE 11.) *****END OF SCHEDULE***** SCHEDULE OF MONTHLY DEDUCTIONS FROM CONTRACT FUND THE MONTHLY ADMNISTRATION CHARGE IS $3.50.

  • MONTHLY DEDUCTIONS Each month We will make a deduction from the Cash Value equal to the Monthly Deduction.

  • MONTHLY DEDUCTIONS FROM ACCOUNT VALUE ("SECTION 9 CHARGES") We will deduct from the Account Value on each applicable Processing Date, an amount not to exceed the Monthly Deductions from Account Value shown in Section 1 and as described below.

  • The Employee agrees that, from this amount, deductions will be made for SOCIAL INSURANCE and INCOME TAX MONTHLY DEDUCTIONS and other amounts requiered by law.


More Definitions of MONTHLY DEDUCTIONS

MONTHLY DEDUCTIONS means the deductions taken from the Accumulation Value on the monthly activity date. These deductions are equal to: 1) the current cost of insurance charge; 2) the administrative expense charge; 3) any flat extra rating charge; and 4) rider charges.
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Related to MONTHLY DEDUCTIONS

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • 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.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.