Examples of Sweep Date in a sentence
This illustration assumes that the premiums, Partial Surrenders, and/or Loans are made on a policy monthaversary, and that all policy monthaversaries (including the policy date) occur on a Sweep Date.
The charge is calculated by multiplying the dollar amount being applied to create an Index Segment by the applicable Indexed Interest Strategy charge rate.Index Segment(s) - A division of an Indexed Interest Strategy created on a Sweep Date by the allocation of net premium, reallocation of Index Segment Maturity Value, and/or transfer of Accumulated Value from the Fixed Interest Strategy to an Indexed Interest Strategy.
Thereafter, you will begin receiving the MAW Annuity on the first day of the month following the first anniversary of the Sweep Date in the Lifetime Annuity Period payable until the death of the last surviving Participating Spouse.
If you are automatically enrolled in OregonSaves through your employer, unless you make an Alternate Investment Election, all contributions after the Initial Sweep Date will be invested in the applicable OregonSaves Target Retirement Fund based on your age and year of retirement, assuming a retirement age of 65.
On each Consolidated Cash Sweep Date, a weekly report in form reasonably satisfactory to the Administrative Agent detailing the Consolidated Cash Balance as of the last Business Day of the immediately preceding calendar week certified by a Responsible Officer of Holdings and the Borrower.