Surrender Fee definition

Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) __ __ | Less than 2 years 7% | | 2 or more but less than 4 years 6% | | 4 or more but less than 5 years 5% | | 5 or more but less than 6 years 4% | | 6 or more but less than 7 years 3% | |_ 7 years or more 0% _| Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------------------------------------------------------------ Systematic Withdrawal Option (SWO): The specified payment or specified percentage may not be greater than [10%] of the Account's Current Value at time of election.
Sample 1
Surrender Fee means the charge for the surrender, to the District, of a Right of Interment for an unoccupied Lot.
Sample 1Sample 2
Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of Net (as percentage of Purchase Payment (Years) Net Purchase Payments Less than 2 years 7% 2 or more but less than 4 years 6% 4 or more but less than 5 years 5% 5 or more but less than 6 years 4% 6 or more but less than 7 years 3% 7 years or more 0% Contract Schedule I (Continued) Accumulation Period Separate Account and MG Account (Cont'd) -------------------------------------------------------------------------------- Systematic Withdrawal The specified payment or specified percentage may not Option (SWO): be greater than 10% of the Current Value at time of election. See 1. GENERAL DEFINITIONS for explanations. Contract Schedule II Annuity Period Separate Account --------------------------------------------------------------------------------
Sample 1

Examples of Surrender Fee in a sentence

  • The Surrender Fee will be in accordance with the Surrender Fee table in 6.02.

  • After deduction of the Maintenance Fee, if applicable, the surrendered amount shall be reduced by a Surrender Fee, if applicable.

  • 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).

  • A Surrender Fee may apply to any full or partial surrender (see 3.14 and Contract Schedule I).

  • A Surrender Fee will not be deducted from the Adjusted Current Value.

  • A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO.

  • After deduction of the Maintenance Fee, if any, Aetna will reduce the amount payable upon surrender of any portion of the Current Value by a Surrender Fee.

  • Any Maintenance Fee and Surrender Fee charged at the time of surrender on the amount being reinvested will be included in the reinstatement.

  • Positions by respondent type Respondent type For those who provided sufficient information by way of their qualitative (free text) responses, therefore: • Patients, LGBTQ+ individuals and those with transgender friends or family were overwhelmingly Group A.• A large majority of service providers were Group A.• Clinicians were slightly more likely to be Group A.• Parents and members of the public were slightly more likely to be Group B.

  • Any reference to "partial and/or full Withdrawals" in this Endorsement includes references to "Surrender" for those contracts and certificates being endorsed that use such terminology.Any reference to "Withdrawal Charge" in this Endorsement includes references to "Withdrawal Fee" or "Surrender Fee" for those contracts and certificates being endorsed that use such terminology.


More Definitions of Surrender Fee

Surrender Fee. (CONT'D) (b) As a premium for an Annuity option 2, 3 or 4 under this Contract (see 4.09);
Sample 1
Surrender Fee means the fee of $100,000 payable to Vincent DiCanio for peaceful surrender of the Property agreed upon prior to the filing of the Chapter 11 proceeding.
Sample 1
Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) Less than 2 years 7% 2 or more but less than 4 years 6% 4 or more but less than 5 years 5% 5 or more but less than 6 years 4% 6 or more but less than 7 years 3% 7 years or more 0% Systematic Withdrawal The specified payment or specified percentage may not Option (SWO): be greater than 10% of the Account's Current Value at time of election. See 1. GENERAL DEFINITIONS for explanations. Contract Schedule II Annuity Period Separate Account ------------------------------------------------------------------------------- Charges to Separate Account: A daily charge at an annual effective rate of 1.25% for Annuity mortality and expense risks. The administrative charge is established upon election of an Annuity option. This charge will not exceed 0.25%. Variable Annuity Assumed If a Variable Annuity is chosen, an assumed Annual Net Return Rate: annual net return rate of 5.0% may be elected. If 5.0% is not elected, Aetna will use an assumed annual net return rate of 3.5%. The assumed annual net return rate factor for 3.5% per year is 0.9999058. The assumed annual net return rate factor for 5.0% per year is 0.9998663. If the portion of a Variable Annuity payment for any Fund is not to decrease, the Annuity return factor under the Separate Account for that Fund must be:
Sample 1
Surrender Fee. 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). Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Net Purchase Payment which is paid:
Sample 1
Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) __ _ | Less than 1 year 3% | | More than 1 but less than 2 years 2% | | More than 2 but less than 3 years 1% | | More than 3 years 0% | |_ _| G-MP2(5/97)-2 Contract Schedule I (Continued) Accumulation Period Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------------------------------------------------------------ Systematic Withdrawal Option (SWO): The specified payment or specified percentage may not be greater than [10%] of the Account's Current Value at time of election.
Sample 1
Surrender Fee. The Surrender Fee does not apply to this Contract.
Sample 1

Related to Surrender Fee

  • Surrender Charge means a charge levied on the Fund Value at the time of surrender of the Policy.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • Surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.

  • Transfer Fee means the fee payable by the Hirer to the Employment Business in accordance with clause 3.7, as permitted by Regulation 10 of the Conduct Regulations;

  • Ticking Fee has the meaning specified in Section 2.09(b).

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Tender Security means the security required to be submitted by the Tenderer with its Tender Offer.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Cancellation Fee is an Individual Charge to an Attendee for a reservation cancellation or “no show” or for early and unauthorized check-out. The Contractor may not charge any Cancellation Fee to an Attendee scheduled to participate in that part of a Program terminated pursuant to the termination for cause provision set forth in Exhibit A.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Replacement Price Section 1.51 is amended by (i) adding the phrase “for delivery” immediately before the phrase “at the Delivery Point” in the second line and (ii) deleting the phrase “at Buyer’s option” from the fifth line and replacing it with the phrase “absent a purchase”.

  • Face Amount means, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • LATE CHARGES All invoices are due and payable upon receipt. Any invoices not paid within thirty (30) days of the invoice date are subject to a one percent (1%) per month financing charge on any unpaid balance but only to the extent permitted by law.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Base Rate.

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to: