Withdrawal Adjustment definition

Withdrawal Adjustment means an amount calculated by the Deposit Taker by reference to the Balance, subject to an adjustment determined at the relevant time based on the prevailing market conditions, such as, but not limited to, interest rates and the levels of the FTSE, STOXX and S&P.
Withdrawal Adjustment means an adjustment made to your Deposit Plan should your personal representatives decide to close your Deposit Plan following your death before the Maturity Date and which is calculated by the Deposit Taker in accordance with the relevant Addendum.
Withdrawal Adjustment means a reduction to a requested withdrawal from this Contract equal to [5%] of the amount requested. In the event that a Withdrawal Adjustment is applied to a requested withdrawal from this Contract, the Contract Balance shall be reduced by the requested withdrawal amount. Notwithstanding the foregoing, in no case shall the application of a Withdrawal Adjustment cause the resulting Contract Balance to be less than the principal deposited to this Contract accumulated at the Minimum Guaranteed Interest Rate. For purposes of this paragraph, “principal” is defined as the aggregate amount of all deposits to this Contract less the sum of (a) all withdrawals from this Contract not subjected to a Withdrawal Adjustment and (b) the requested amount of all withdrawals subjected to a Withdrawal Adjustment, in each case since the Contract Date. In no case will principal be an amount less than zero.

Examples of Withdrawal Adjustment in a sentence

  • The Prorata Partial Withdrawal Adjustment to a Death Benefit component for a partial withdrawal is equal to (1) divided by (2) multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal.

  • A Prorata Partial Withdrawal Adjustment will be made unless a Special Partial Withdrawal Adjustment applies to the component for the withdrawal.

  • The Special Partial Withdrawal Adjustment is equal to the amount of the Accumulation Value withdrawn.

  • The Prorata Partial Withdrawal Adjustment to a Death Benefit component is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal.

  • A Withdrawal Adjustment is equal to the value of the Annual Increase Amount immediately prior to a withdrawal multiplied by the percentage reduction in Account Value attributable to that partial withdrawal.

  • A Prorata Partial Withdrawal Adjustment will be made unless a Special Partial Withdrawal Adjustment applies to that component for the withdrawal.

  • The Special Partial Withdrawal Adjustment is equal to the amount of Accumulation Value withdrawn.

  • If You decline an increase to the annual rider fee, the Withdrawal Adjustment Base will not be increased on Rider Anniversaries.

  • The Prorata Partial Withdrawal Adjustment to a death benefit component for a partial withdrawal is equal to (1) divided by (2), multiplied by (3), where: (1) is the Accumulation Value withdrawn, (2) is the Accumulation Value immediately prior to withdrawal, and (3) is the amount of the applicable death benefit component immediately prior to the withdrawal.

  • PRORATA PARTIAL WITHDRAWAL ADJUSTMENT The MGIB Base will be reduced by a Prorata Partial Withdrawal Adjustment each time a partial withdrawal is made.


More Definitions of Withdrawal Adjustment

Withdrawal Adjustment means an adjustment made to your Deposit Plan should your personal representatives decide to close your Deposit Plan
Withdrawal Adjustment means the Net Value (calculated as of the effective date of withdrawal) of all withdrawals hereunder since the Closing, decreased, in the case of each such withdrawal, by the Net Profits in respect of the Account and increased by the Net Losses in respect of the Account, in each case attributable (on a pro rata basis) to the assets so withdrawn, from the date of the Closing to the effective date of such withdrawal.

Related to Withdrawal Adjustment

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Escrow Amount means $1,000,000.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • 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.

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).