Optional Maturity Date definition

Optional Maturity Date. The Optional Maturity Date is the contract anniversary nearest the Annuitant's 90th birthday. If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity Date. The Optional Maturity Date will become the Maturity Date for all other purposes of this contract.
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Optional Maturity Date means, in relation to a Tranche of Notes (where applicable), the date specified as such in the Applicable Pricing Supplement;
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Examples of Optional Maturity Date in a sentence

  • If the contract is continued in force under the Optional Maturity Date provision, the Optional Maturity Date will become the Maturity Date.

  • Upon reaching the Maturity Date shown on page 3, the Owner may elect to continue the contract in force until this Optional Maturity Date.

  • The Optional Maturity Date will become the Maturity Date for all other purposes of this contract.

  • The Optional Maturity Date is the contract anniversary nearest the Annuitant's 90th birthday.

  • If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity Date.

  • If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity Date except that the Disability Waiver of Purchase Payment Benefit will not continue in force after the Maturity Date shown on page 3.

  • If the Annuitant is living on the Maturity Date shown on page 3, and that Maturity Date is earlier than the contract anniversary nearest the Annuitant's 90th birthday, the Owner may elect between the following maturity options: - payment of a monthly income to the Annuitant under a payment plan chosen by the Owner; or - deferral of the maturity benefit and continuation of this contract, without any Disability Waiver of Purchase Payment Benefit, to the Optional Maturity Date.

  • If the Annuitant is living on the Maturity Date shown on page 3, and that Maturity Date is earlier than the contract anniversary nearest the Annuitant's 90th birthday, the Owner may elect between the following maturity options: o payment of a monthly income under a payment plan chosen by the Owner; or o deferral of the maturity benefit and continuation of this contract to the Optional Maturity Date.

  • The Optional Maturity Date is the contract anniversary nearest the Annuitant’s 90th birthday.

  • If the Annuitant is living on the Maturity Date shown on page 3, and that Maturity Date is earlier than the contract anniversary nearest the Annuitant’s 90th birthday, the Owner may elect between the following maturity options: • payment of a monthly retirement life income to the Annuitant under a payment plan chosen by the Owner; or • deferral of the maturity benefit and continuation of this contract, without any Disability Waiver of Purchase Payment Benefit, to the Optional Maturity Date.

Related to Optional Maturity Date

  • Final Maturity Date means, at any time (a) the then scheduled Termination Date or (b) if extended pursuant to Section 2.16(b), the date requested by the Borrower pursuant to Section 2.16(b), but in no event shall such date be later than the first anniversary of the then scheduled Termination Date.

  • Original Maturity Date means, for each Bond designated as EMCP, the date that is from 1 to 180 days from the original issue date, specified as such in the confirmation sent to the Holder of the EMCP.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Term Maturity Date means the Term B Maturity Date, the Term C Maturity Date and the maturity date of any other Class of Term Loan as set forth in the applicable amendment documentation, as the context may require.

  • Initial Maturity Date means the earlier of (i) February 1, 2020 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.