Net Cash Surrender Value Sample Clauses

Net Cash Surrender Value. The Net Cash Surrender Value is the Cash Surrender Value less any Policy Debt.
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Net Cash Surrender Value. The Policy Account Value minus any applicable Surrender Charges, minus any outstanding policy loans and accrued interest.
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Net Cash Surrender Value. The Net Cash Surrender Value is equal to the Cash Surrender Value minus any policy loan and accrued loan interest. You may give up this policy for its Net Cash Surrender Value at any time while the insured person is living. You may do this by sending us a written request for it and this policy to our Administrative Office. Your written request for cancellation or surrender must include the following:
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Net Cash Surrender Value. The Net Cash Surrender Value is the Net Policy Value decreased by any Surrender Charge. Net Policy Value -The Net Policy Value is the Policy Value decreased by any Policy Debt on this Policy. Cash Surrender Value -The Cash Surrender Value is the Policy Value decreased by any Surrender Charge. Surrender Charge - The Surrender Charge for the initial Specified Amount is shown in the Table of Surrender Charges in Section 1, determined from the Policy Date. The Surrender Charge for each increase in Specified Amount is based on the amount of the increase and on the attained age, sex (if the Policy is issued on sex distinct basis), and rate class of the Insured at the time of the increase. The Surrender Charge for each increase will be provided to You. A Surrender Charge will be deducted from the Policy Value upon a decrease in the Specified Amount in the first five policy years. The charge will be proportional to the amount that the Specified Amount decreased. The Surrender Charge will be deducted from the values of the subaccounts of the Separate Account, the Short-Term Fixed Account, the Traditional Fixed Account, Holding Fixed Accounts, and the Indexed Fixed Accounts on a pro-rata basis in proportion to the current value of each account. If there is not enough value in these accounts, deductions will be made from the Fixed Dollar Cost Averaging Account. If there is an Indexed Loan on the Policy and there is not enough value in the Fixed Dollar Cost Averaging Account, the Surrender Charge will be deducted from any current value in the Indexed Loan Account net of any Policy Debt on a pro-rata basis over the Indexed Loan Account segments. There will be a proportional reduction in the Surrender Charge for the remaining Surrender Charges. Surrender Charges will not be deducted for decreases that were caused by partial withdrawals or changes to the Death Benefit Option.
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Net Cash Surrender Value. 4, 13 Annual Report ...................................16
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Net Cash Surrender Value. The Net Cash Surrender Value is the Cash Surrender Value less any policy debt. Cash Surrender Value - The Cash Surrender Value is the Accumulated Value less any surrender charge. Withdrawals - Withdrawals of the Net Cash Surrender Value may be taken as follows: Upon written request on or after the first policy anniversary while either insured is living, you may withdraw a portion of the Net Cash Surrender Value of this policy as a partial withdrawal. The Withdrawal Fee described above will apply. A partial withdrawal may cause a decrease in the Face Amount if the Death Benefit Option is A or D. The Face Amount will be reduced by the excess, if any, of the Face Amount over the result of (a) minus (b) where:
Sample 1
Net Cash Surrender Value. 3 other assets........................................................ 3 Parent.............................................................. 1
Sample 1
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Net Cash Surrender Value. The Net Cash Surrender Value is equal to the Cash Surrender Value minus any unpaid policy loan and loan interest. You may give up this policy for its Net Cash Surrender Value at any time while the insured person is living. You may do this by sending us a written request for it and this policy to our Administrative Office. We will compute the Net Cash Surrender Value as of the date we receive your request for it and this policy at our Administrative Office. All insurance coverage under this policy ends on such date. SURRENDER CHARGES. If, during a surrender charge period, you give up this policy for its Net Cash Surrender Value or it ends without value at the end of a grace period, we will withdraw the total applicable surrender charges from the Policy Account. The surrender charge applicable to each premium and the surrender charge periods are shown in the Policy Information section. The surrender charge applicable to a premium stays the same throughout a policy year. It changes only at the beginning of the policy year. -------------------------------------------------------------------------------- HOW A LOAN CAN BE MADE POLICY LOANS. You can get a loan on this policy while it has a loan value. This policy will be the only security for the loan. The initial loan and each additional loan must be for at least the minimum loan amount shown on Page 3. Any amount on loan is part of your Policy Account (see below). The loan value on any date is 95% of the Cash Surrender Value on that date. The amount of the loan may not be more than the loan value. Any existing loan and loan interest will be subtracted from a new loan. You may request a policy loan by contacting our Administrative Office. You may tell us how much o the loan is to be allocated from your value in each investment division of our SA. Such values will be determined as of the date we receive your request. If you do not tell us, or if we cannot allocate the loan on the basis of your direction, we will allocate it based on the proportion that your value in each investment division of our SA bears to your total value in the investment divisions. When a loaned amount is allocated from an investment division of our SA, we will redeem units of that investment division sufficient in value to cover the amount of the loan so allocated and transfer that amount to your Loaned Policy Account.
Sample 1
Net Cash Surrender Value. The Net Cash Surrender Value is the Cash Surrender Value less any Policy Debt. Withdrawals – Upon Written Request on or after the first policy anniversary, you may withdraw a portion of the Net Cash Surrender Value of this policy. We reserve the right to charge a fee not to exceed $25 for each withdrawal. Withdrawals will be subject to the following conditions: • The amount of each withdrawal must be at least $200; • The Net Cash Surrender Value remaining after a withdrawal must be at least $500; and • We reserve the right to disallow any withdrawal that would result in a Basic Face Amount of less than $10,000 after the withdrawal. Withdrawals will be deducted from the Accumulated Value. When you take a Withdrawal, the amount of the withdrawal and any withdrawal fee is deducted from the policy’s Investment Options. Unless you provide otherwise, any such deduction will be deducted from the Accumulated Value as an Account Deduction. If Death Benefit Option A is in effect at the time of a withdrawal, and if a requested withdrawal would increase the Net Amount at Risk, we will decrease the Total Face Amount by the minimum amount necessary to prevent the Net Amount at Risk from increasing as a result of the withdrawal, except:
Sample 1

Related to Net Cash Surrender Value

  • Cash Surrender Value The Cash Surrender Value is the Accumulated Value less any Surrender Charge.

  • Surrender Value After deduction of the Maintenance Fee (if any), the amount paid by Aetna upon surrender of any portion of the Plan Account will be reduced by a Surrender Fee. The Surrender Fee will be in accordance with the Surrender Fee table in 6.02.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Non-Cash Consideration In the case of the offering of securities for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be the fair value thereof as determined by the Board of Directors; provided, however, that such fair value as determined by the Board of Directors shall not exceed the aggregate market price of the securities being offered as of the date the Board of Directors authorizes the offering of such securities.

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Total Consideration The aggregate consideration (the "Consideration") payable by the Surviving Partnership in connection with the merger of the Merged Partnership with and into the Surviving Partnership shall be $8,275,000, subject to adjustments at Closing pursuant to Section 3.9 and costs paid pursuant to Section 3.10(c) and Section 3.11, plus the amount of any tax or other reserves held by the Existing Lender (hereinafter defined).

  • Cash Payment The Employee shall make cash payments by wire transfer, certified or bank check or personal check, in each case payable to the order of the Company; the Company shall not be required to deliver certificates for Option Shares until the Company has confirmed the receipt of good and available funds in payment of the purchase price thereof.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

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