Surrender Fee Sample Clauses

Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Current Value which is paid:
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Surrender Fee. For each surrender, the Surrender Fee will vary according to the number of Purchase Payment Cycles completed. The number and amount of Purchase Payments to be made in a year is chosen by the Contract Holder. A Purchase Payment Cycle is completed when this number and amount of Purchase Payments have been made. The number of Purchase Payment Cycles completed may not be greater than the number of whole years since the Contract was issued. For each surrender, the Fee will be as follows: Number of Purchase Payment Cycles Completed Surrender Fee Less than 5 5% 5 or more but less than 7 4% 7 or more but less than 9 3% 9 or more 2% No Surrender Fee is deducted from any portion of the Current Value which is paid:
Surrender Fee. For each surrender from an Individual Account, the Surrender Fee will vary according to the period of time between the effective date of the Individual Account and the date of surrender. The Surrender Fee will be determined as follows: If Period of Time is Surrender Fee 5 year or less 5% More than 5 years but not more than 6 years 4% More than 6 years but not more than 7 years 3% More than 7 years but not more than 8 years 2% More than 8 years but not more than 9 years 1% More than 9 years 0% No Surrender Fee is deducted from any portion of the Individual Account which is paid:
Surrender Fee. Length of Time from Surrender Fee Certificate Effective Date (Percentage of Net (Years) Purchase Payment Withdrawn) Less than 1 year 7% 1 year but less than 2 7% 2 years but less than 3 6% 3 years but less than 4 6% 4 years but less than 5 5% 5 years but less than 6 4% 6 years but less than 7 2% 7 years or more 0% After seven years have elapsed from the certificate effective date, the Surrender Fee will no longer be assessed.
Surrender Fee. For each surrender from an Individual Account, the Surrender Fee will vary according to the number of Purchase Payment Cycles completed for the Individual Account being surrendered. The number and amount of Purchase Payments to be made in a year is chosen by the Contract Holder. A Purchase Payment Cycle is completed when this number and amount of Purchase Payments have been made. The number of Purchase Payment Cycles completed may not be greater than the number of whole years since the Individual Account was established. For each surrender, the Fee will be as follows: Number of Purchase Payment Cycles Completed Surrender Fee Less than 5 5% 5 or more but less than 7 4% 7 or more but less than 9 3% 9 or more but less than 19 2% 19 or more 0% No Surrender Fee is deducted from any portion of the Individual Account which is paid:
Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). No Surrender Fee is deducted from any portion of the Current Value which is paid: (a) To a Beneficiary due to the Annuitant's death before Annuity payments start; (b) As a premium for an Annuity option 2, 3 or 4 under this certificate (see 4.09); (c) As a distribution under the ECO or SWO provision (see 3.11); (d) At least 12 months after the date of the Purchase Payment to the Account in an amount equal to or less than 10% of the Current Value. This applies to the first surrender request, partial or full, in a calendar year. The Current Value is calculated as of the date the surrender request is received in good order at Aetna's Home Office. This waiver is not available to the Certificate Holder while SWO is in effect;
Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment portion surrendered and varies according to the elapsed time from the certificate effective date (see Contract Schedule I). No Surrender Fee is deducted from any portion of the Current Value which is paid: (a) To a Beneficiary due to the Annuitant's death before Annuity payments start (see 3.06); (b) As a premium for an Annuity option 1, 2 or 3 under this Contract (see xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/925988/0000908634-95-000104.txt 02/12/2018
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Surrender Fee. Tenant agrees to pay to Landlord a surrender fee (the “Surrender Fee”), in the aggregate amount of One Hundred and Nine Thousand, Seven Hundred and Seventy-Two and 46/100 ($109,772.46) Dollars (Cdn.), payable in certified funds or wire transfer on the following dates: Payment Date Amount GST Total March 1, 2008 $ 20,909.04 $ 1,045.45 $ 21,954.49 April 1, 2008 $ 20,909.04 $ 1,045.45 $ 21,954.49 May 1, 2008 $ 20,909.04 $ 1,045.45 $ 21,954.49 June 1, 2008 $ 20,909.04 $ 1,045.45 $ 21,954.49 July 1, 2008 $ 20,909.04 $ 1,045.45 $ 21,954.49 TOTAL SURRENDER FEE: $ 109,772.46
Surrender Fee. Length of Time from Surrender Fee Contract Effective (Percentage of Net Date (Years) Purchase Payment Withdrawn) Special Withdrawal: Systematic Withdrawal Option (SWO): I1-MGA-95 Fixed Annuity Minimum Guaranteed Interest Rate (effective annual rate of return): Less than 1 year 7% 1 year but less than 2 7% 2 years but less than 3 6% 3 years but less than 4 6% 4 years but less than 5 5% 5 years but less than 6 4% 6 years but less than 7 2% 7 years or more 0% After seven years have elapsed from the contract effective date, the Surrender Fee will no longer be assessed. The percentage may not be greater than [10%]. The specified payment or specified percentage may not be greater than [10%]. Contract Schedule II Annuity Period [3.0%]
Surrender Fee. In consideration of Landlord entering into this Amendment, Tenant hereby agrees to pay Landlord, in good funds, subject to collection, on August 1, 2005 (time being of the essence), the sum equal to One Million Two Hundred and Fifty Thousand Dollars ($1,250,000.00), minus the amount of the Security Deposit that Landlord actually receives on August 1, 2005 (pursuant to Section 8(g) of this Amendment) which is not attributable to Landlord's right to same due to an Event of Default. Tenant hereby recognizes and acknowledges that on or before August 1, 2005, Landlord may apply all or a portion of the Security Deposit against its costs and expenses arising due to an Event of Default, in accordance with the terms and conditions of Section 28.1 of the Lease. Landlord and Tenant shall each have the right to submit any dispute between the parties regarding Landlord and Tenant's rights and obligations under this Section 12 to binding arbitration in accordance with Section 31.6 of the Lease.
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