Your First Payment definition

Your First Payment. Date is shown in Section 1, Contract Specifications. If at any time the amount of a payment to a Payee is less than $100 (Our minimum payment), We may change the Frequency of Payment so that the payment is at least equal to the minimum. DETERMINATION OF THE VARIABLE ANNUITY PAYMENTS The portion of the Single Premium allocated to variable Annuity Payments will initially purchase Variable Annuity Units in the Subaccount(s) which You elect. We determine the number of Variable Annuity Units based upon:
Sample 1
Your First Payment. Date is shown in Section 1, Contract Specifications. If at any time the amount of a payment to a Payee is less than $100 (Our minimum payment), We may change the Annuity Payment Frequency so that the payment is at least equal to the minimum. Determination of the Variable Annuity Payments If at Contract Issue, You chose to receive Stabilized Payments, then Your initial Stabilized Payment is set equal to the Estimated First Variable Payment Amount. Stabilized Payments do not vary within a Contract Year. On each subsequent Contract anniversary, the Stabilized Payment is set equal to the current Supportable Payment. If at Contract Issue, You did not choose Stabilized Payments, then Your Variable Annuity Payments will fluctuate with each payment.
Sample 1

Examples of Your First Payment in a sentence

  • You may be required to pay a small Pro Rata Amount as part of Your First Payment in the event that your cycle start date differs to your commencement date.

  • Your First Payment will include an amount for the Initial Interest Amount.

  • Your First Payment Stream will equal the amount of your accrued FINANCE CHARGES or $30.00, whichever is greater.

  • Your First Payment will only be processed after the Trial Period has been completed.

  • Your First Payment will be directly debited from your nominated bank account or credit card on the First Payment Date outlined in Clause 3.8. The remaining instalment payments for each Term will be directly debited on the dates outlined in Appendix 1.

  • Your First Payment will be directly debited from your nominated bank account or credit card on the First Payment Date outlined in Clause 3.6. The remaining instalment payments for each Term will be directly debited on the dates outlined in Appendix 1.

  • For more information, please refer to the State Retirement Board Group Classification Policy.• Your First Payment - Monthly benefit payments can only be issued on the last business day of each month.

  • Step 2: Determine Your First Payment Amount – Cash and Shareholder Applications OnlyAs outlined in Section 1 ‘Investment Overview’, the First Payment will vary depending upon a number of factors including the price of the Underlying Shares and the day on which you apply.

  • Your First Payment will include an amount for the Interest Amount for Interest up to the first Reset Date.The indicative Interest Rate used to calculate the Interest Amount is set out in PDS Part 1 and is current as at the date of PDS Part 1.

Related to Your First Payment

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Enrolment Fee means the fee paid by the Parent(s)/Guardian(s) to cover all the administrative costs involved in enrolling a Student at the School. It is not refundable, and it is not offset against any other fees.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Debit Payment means a particular transaction where a debit is made.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Compensating Interest Payment As defined in Section 6.06.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Interim Payment has the meaning specified in Section 10.1.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • Delta Payment means as it is described in this Agreement.