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:
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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.
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Examples of Your First Payment in a sentence

  • 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.

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.

  • 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, as the case may be, 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.