Target Face Amount definition
Target Face Amount means the sum of $200 million, in the aggregate with respect to all shares of Class D Special Dividend Preferred Stock.
Examples of Target Face Amount in a sentence
If it is determined that you are insurable at a higher cost than a healthy individual of like age, the face amount of such insurance coverage will be reduced to the maximum face amount of coverage that may be obtained for the cost of coverage of the Target Face Amount for such healthy individual.
If it is determined that you or your spouse are insurable at a higher cost than a healthy individual of like age, the face amount of such insurance coverage will be reduced to the maximum face amount of coverage that may be obtained for the cost of coverage of the Target Face Amount for such healthy individual.