Net Purchase Payments definition

Net Purchase Payments. We may deduct amounts from Purchase Payments for any applicable premium taxes. We then allocate Your Net Purchase Payments in accordance with Section 2.03 below.
Net Purchase Payments made since the Anniversary and before the given withdrawal, minus
Net Purchase Payments. The Purchase Payment less premium taxes, as applicable.

Examples of Net Purchase Payments in a sentence

  • Net Purchase Payments received at the Home Office on or after the date on which notice is received will be applied to the designated Investment Accounts on the basis of the new allocation.

  • The Owner may change the allocation of Net Purchase Payments among the Investment Accounts by written notice to the Company.

  • Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment.

  • Net Purchase Payments applied to the Separate Account will provide Accumulation Units in one or more Divisions.

  • Net Purchase Payments (see Section 4.2) and amounts transferred from other Investment Accounts under this contract (see Section 4.4) may be applied to the Guaranteed Interest Fund.

  • A component of the Separate Account to which the Owner may allocate Net Purchase Payments and contract values.

  • It is increased by [Net] Purchase Payments made on or after that Contract Date anniversary on which the highest Contract Value is obtained.

  • The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I).

  • In declining market environments, the death benefit payable may be less than the Net Purchase Payments received.

  • Each death benefit reduction of [Net] Purchase Payments will be in proportion to the amount withdrawn.


More Definitions of Net Purchase Payments

Net Purchase Payments. A net purchase payment is equal to: . The purchase payment paid; LESS . Any applicable state premium tax.

Related to Net Purchase Payments

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Purchase Payment A payment made toward this Contract.

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Payment Amount has the meaning specified in Section 6.1.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Wholesale distribution means distribution of prescription drugs to persons other than consumers or

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Contract Adjustment Payments means the payments payable by the Company on the Payment Dates in respect of each Purchase Contract, at a rate per year of [ ]% of the Stated Amount per Purchase Contract.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • 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.

  • Per Unit Purchase Price equals $2.125, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.