Monthly Due Date definition

Monthly Due Date means the date corresponding numerically with the Policy Commencement Date in each subsequent month.

Monthly Due Date means the date corresponding numerically with the date of the commencement of the Policy in each month subsequent to the month of commencement of the Policy.

Monthly Due Date means the date in any subsequent calendar month corresponding numerically with the date of the commencement of the Policy. In the event that there is no date in any subsequent calendar month corresponding numerically with the commencement date, then the due date shall be the last date in that subsequent calendar month.

Examples of Monthly Due Date in a sentence

• If the Life Assured’s correct Age is lower than the Age declared in the Proposal Form, the Mortality Charge, payable under the Policy shall be altered corresponding to the correct Age of the Life Assured (the “corrected Mortality Charge”) from the next Monthly Due Date.

• The GMDB Premium Target, as of any given Processing Date, equals (a) the Monthly GMDB Premium times the number of GMDB Premium Monthly Due Dates that have occurred since the Date of Issue (including the Date of Issue and such Processing Date) plus (b) interest applied to each Monthly GMDB Premium from its GMDB Premium Monthly Due Date to such Processing Date, with interest calculated at an annual effective rate of 4%.

• GMDB Premium Monthly Due Date shall mean the Date of Issue and each Processing Date thereafter.

• Monthly Payments amount and Monthly Due Date will be notified to the Customer in a manner which shall be determined by the Bank upon disbursement of the Facility.

• An on-site consultation visit will be considered “in progress” in relation to the working conditions, hazards, or situations covered by the visit from the beginning of the opening conference through the end of the correction due dates and any extensions thereof.

More Definitions of Monthly Due Date

Monthly Due Date means the date each month by which we must receive payment of your Fees;

Monthly Due Date means the unalterable fixed date of each month by which we must receive payment of a Due Amount, being the day before the date corresponding with the Commencement Date in the next months;

Monthly Due Date means the first day of each month.

Monthly Due Date means the date corresponding numerically with the Date of Commencement of Policy in each subsequent month.

Monthly Due Date means the date corresponding numerically with the Policy Commencement Date in each subsequent month during the pendency of the Policy.

Monthly Due Date has the meaning specified in Section 2.07(c).

Monthly Due Date means the unalterable fixed date of each month by which we must receive payment of a Due Amount.