Additional Purchase Payments definition

Additional Purchase Payments means the payments so designated and required to be made by the City pursuant to Section 5.03 hereof.
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Additional Purchase Payments. The Purchase Payment Age Limitation and the Minimum Additional Purchase Payment are as shown in the Annuity Schedule. We may further limit or reject certain Purchase Payments. Additional Purchase Payments will be allocated to the Investment Options according to your instructions. If you have not provided any allocation instructions with the additional Purchase Payment, we will allocate it on a pro-rata basis to the Sub-accounts in which your Account Value is then allocated, excluding any Sub-accounts to which you are not permitted to electively allocate or transfer Account Value. If the Account Value in the Sub-accounts to which you may electively allocate Account Value is zero, we will allocate your additional Purchase Payment to a money market Investment Option.
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Additional Purchase Payments. The Purchase Payment Limitation and the Minimum Additional Purchase Payment are as shown in the Annuity Schedule. We may further limit or reject certain Purchase Payments. Additional Purchase Payments will be allocated to the Investment Options according to your instructions. If you have not provided any allocation instructions with the additional Purchase Payment, we will allocate it on a pro-rata basis to the Sub-accounts in which your Account Value is then allocated, excluding any Sub-accounts to which you are not permitted to electively allocate or transfer Account Value. If the Account Value in the Sub-accounts to which you may electively allocate Account Value is zero, we will allocate your additional Purchase Payment to a money market Investment Option. P-O/IND(5/11) 13 ACCOUNT VALUE
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Examples of Additional Purchase Payments in a sentence

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2022 Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2015-A Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2020 Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2016-A Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2016 Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2015-A Purchase Payments (Second Lien Qualified Obligations), Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2009-A Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.

  • Additional Purchase Payments are applied to a temporary account (the "Holding Account") and remain there until the next Contract Anniversary.

  • Additional Purchase Payments and the Holding Account – An Additional Purchase Payment is any Purchase Payment we accept that meets all Additional Purchase Payment limits shown on the Schedule and does not qualify as an Initial Purchase Payment.

  • This Installment Purchase Agreement shall be deemed and construed to be a “net contract,” and the City shall pay absolutely net the 2014-A Purchase Payments, Additional Purchase Payments and all other payments required hereunder, regardless of any rights of set-off, recoupment, abatement or counterclaim that the City might otherwise have against the Authority or the Trustee or any other party or parties.


More Definitions of Additional Purchase Payments

Additional Purchase Payments. Any Purchase Payment limitation and the minimum for any additional Purchase Payment are as shown in the Schedule. We reserve the right to limit or reject certain Purchase Payments. Subject to the "Allocation Rules" herein, unless you otherwise instruct us, any additional Purchase Payments will be allocated among the allocation options according to your most recent allocation instructions. If an allocation option is no longer available, we reserve the right to allocate that portion to the money market allocation option.
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Additional Purchase Payments. Not permitted on or after the oldest Owner’s or Annuitant’s [ 86th ] birthday or within 3 years of the Annuity Date. Minimum Additional Purchase Payment: $100.00 Maximum Aggregate Purchase Payments: [ $1,000,000.00 ] Mortality & Expense Risk Charge: [ 0.20% ] per year The Mortality & Expense Risk Charge was established on the Issue Date and will not change. Administration Charge: [ 0.10% ] per year The Administration Charge was established on the Issue Date and will not change. Transfer Fee for Transfers in Excess of Limit: $25 for each transfer in excess of 12 per Contract Year. The Transfer Fee was established on the Issue Date and will not change. Contract Maintenance Fee: [ $35.00 ] The Contract Maintenance Fee was established on the Issue Date and will not change. It is deducted prior to the Annuity Date on each Contract Anniversary, and on any day that the Contract is surrendered other than a Contract Anniversary. The Contract Maintenance Fee will be deducted from the Investment Options in the same proportion as their values are to the Contract Value. The Contract Maintenance Fee will be waived by the Company in the event either the Contract Value, or the aggregate Purchase Payments reduced by aggregate withdrawals, equals or exceeds [ $100,000 ] on the date the Fee is to be deducted. [ PROTECTIVE VARIABLE ANNUITY INVESTORS SERIES ADV ] SCHEDULE, continued INVESTMENT OPTIONS AVAILABLE ON THE ISSUE DATE
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Additional Purchase Payments. The Contract Holder or Participant, as appropriate, may make additional purchase payments of at least the minimum amount shown under Contract Data. We reserve the right to increase the minimums. Participants cannot allocate purchase payments to the Special DCA Fixed Account for six months following a partial surrender from or termination of automated transfers from the Special DCA Fixed Account prior to the end of the elected Special DCA time period. ALLOCATION OF PURCHASE PAYMENTS Participants instruct Us on how purchase payments are to be allocated among the available accounts. Each Participant's allocation instructions as of the Certificate Date are shown under the Participant's Certificate Data. Unless any restrictions apply, a Participant may, by Written Request or other method agreed to by Us, change his or her choice of accounts or percentages. If the current allocation instructions include a fund to which allocations are restricted and the Participant does not provide new instructions, We will apply payments pro rata according to the valid portion of his or her allocation instructions. A Participant's first purchase payment will be allocated as of the end of the Valuation Period during which We make an affirmative decision to issue the Certificate. Purchase payments after the first will be allocated as of the end of the Valuation Period during which We receive the payment at Our corporate office. CONTRIBUTIONS Elective Deferral Contributions and Nonelective Contributions are purchase payments made to each Participant's Certificate Account subject to the applicable annual contribution limits. A Participant may not make Elective Deferral Contributions and/or Rxxx 403(b) Contributions to the Certificate Account which, when added to contributions that are made by the Participant or on his or her behalf to any other salary reduction arrangement that is subject to Section 402(g) of the Code, exceed the annual contribution limitations of Section 402(g) of the Code for each calendar year. If the Plan permits, this annual limit may be increased, however, if Participants are eligible for the special "catch up" limitations under Section 414(v) of the Code for Participants that are age 50 or older and the special limits applicable under Section 402(g)(7) of the Code for certain employees with long term service with the Employer, subject to the ordering rule of IRS Treas. Reg. 1.403(b)-4(c)(3)(iv). For any Participant, the sum of Elective Deferral Contributions...
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Additional Purchase Payments. The Purchase Payment Age Limitation and the Minimum Additional Purchase Payment are as shown in the Annuity Schedule. We may further limit or reject certain Purchase Payments. Additional Purchase Payments will be allocated according to your instructions to the one or more Sub-accounts we make available. If you have not provided any allocation instructions with the additional Purchase Payment, we will allocate it on a pro-rata basis to the Sub-account(s) in which your Account Value is then allocated excluding any Sub-account(s) to which you are not permitted to electively allocate or transfer Account Value. P-BBND(2/13) 10 ACCOUNT VALUE ACCOUNT VALUE IN THE SUB-ACCOUNT(S): We determine your Account Value separately for each of the one or more Sub-accounts we make available. To determine the Account Value in each Sub-account, we multiply the Unit Price, as of the Valuation Day for which the calculation is being made, by the number of Units attributable to your Annuity in that Sub-account as of that Valuation Day.
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Additional Purchase Payments. Not permitted on or after the oldest Owner’s or Annuitant’s [ 86th ] birthday or within 3 years of the Annuity Date. Minimum Additional Purchase Payment: $100.00 Maximum Aggregate Purchase Payments: $1,000,000.00 Mortality & Expense Risk Charge: [ 0.75% ] per year The Mortality & Expense Risk Charge was established on the Issue Date and will not change.
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Additional Purchase Payments. The minimum for any additional Purchase Payment is as shown in the Schedule. Additional Purchase Payments may be paid at any time during the Accumulation Period. Subject to the allocation rules herein, amounts are allocated to the investment options according to your most recent instructions. ACCOUNT VALUE AND SURRENDER VALUE General: In the Accumulation Period your Annuity has an Account Value and a Surrender Value. Your total Account Value is the sum of your Account Value in each Sub-account and each Fixed Allocation. Surrender Value is the Account Value less any applicable contingent deferred sales charge, any applicable tax charge, any charges due for optional benefits provided by rider or endorsement and any applicable maintenance fee. Account Value in the Sub-accounts: We determine your Account Value separately for each Sub-account. To determine the Account Value in each Sub-account we multiply the Unit Price as of the Valuation Period for which the calculation is being made times the number of Units attributable to your Annuity in that Sub-account as of that Valuation Period.
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Related to Additional Purchase Payments

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Purchase Payment A payment made toward this Contract.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Original Purchase Price means the price paid by you for the motor vehicle or a maximum of 110% of the market value of the vehicle as defined by Glass's Guide Retail at time of purchase, whichever is the lesser (including all factory fitted accessories) and after any discount given, but does not include the cost of dealer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums (including the premium for this policy), warranty premiums, any finance arrears and any such associated costs and any negative equity transferred from a previous finance agreement.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Additional Purchase Agreement means each Additional Purchase Agreement (including the related Additional Xxxx of Sale, the related Blanket Endorsement and any attachments thereto), substantially in the form of Attachment C hereto (of which these Master Terms form a part by reference, provided that in the event of a substitution, the form will be modified accordingly), to be executed by SLM ECFC, Funding and the Interim Eligible Lender Trustee for the benefit of Funding, which certifies that the representations and warranties made by SLM ECFC as set forth in Sections 5(A) and (B) of these Master Terms are true and correct as of the related Purchase Date.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Aggregate Supplemental Purchase Amount with respect to this Supplemental Transfer Agreement shall be $________; provided, however, that such amount shall not exceed the amount on deposit in the Supplemental Loan Account.

  • Receivables Purchase Price means $1,652,997,849.97.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Initial Purchase Price has the meaning set forth in Section 2.1.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Optional Purchase Date As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.