Annual Maintenance Fee definition

Annual Maintenance Fee. This is a fee deducted on each anniversary of the Issue Date occurring on or before the Annuity Date, and upon surrender. However, we will waive the Annual Maintenance Fee due at surrender if the surrender occurs within 30 days after an Annual Maintenance Fee was last deducted. The basis for this charge is shown in the Annuity Schedule. We will waive all or a portion of this fee, if we are required by law or regulation, to meet any minimum nonforfeiture requirements. We will also waive this fee after the Annuity Date, and when a Death Benefit is determined, unless Spousal Continuation occurs. We reserve the right to waive this fee at any other time on a non-discriminatory basis. As of the Valuation Day the Annual Maintenance Fee is due, the fee is deducted pro-rata from the Account Value of all Sub-accounts to which your Account Value is allocated.
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Annual Maintenance Fee is defined in Article 6.5;
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Annual Maintenance Fee. [Lesser of $50 or 2% of Account Value, but only if the sum of the Purchase Payments at the time the Fee is due is less than $50,000.] TRANSFER FEE: [$10 per transfer after the twentieth transfer in any Annuity Year.]
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Examples of Annual Maintenance Fee in a sentence

  • So long as Manhattan Beach USD pays to Chevron Energy Solutions the Annual Maintenance Fee, Chevron Energy Solutions will provide the Maintenance Services, as described herein, up to ten (10) years from the M&V Commencement Date on an annualized basis.

  • The Annual Maintenance Fee for the first Measurement Period will be invoiced by Chevron Energy Solutions to Manhattan Beach USD in a lump sum on the M&V Commencement Date.

  • Manhattan Beach USD, or its designee, will pay Chevron Energy Solutions such Annual Maintenance Fee, without any retention amount withheld, within thirty (30) calendar days after its receipt of the corresponding invoice.

  • As compensation for the performance of the Maintenance Services hereunder, Manhattan Beach USD will pay the Annual Maintenance Fee to Chevron Energy Solutions.

  • Any failure to timely pay the Annual Maintenance Fee in accordance with this Attachment I will be a material default by Manhattan Beach USD, and Chevron Energy Solutions, in addition to any other legal, contractual and equitable remedies available to it, will have no obligation thereafter to provide Maintenance Services.


More Definitions of Annual Maintenance Fee

Annual Maintenance Fee shall have the meaning set forth in Article 5.1(b) hereof.
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Annual Maintenance Fee has the meaning set forth in Section 10.2.
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Annual Maintenance Fee means the sum set out in the Schedule.
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Annual Maintenance Fee means the fee, quoted by the Service Provider in its Financial Proposal, payable by the Authority from the first anniversary of the Commissioning Date for each calendar year of twelve months, for a period of nine years for each MCH Wing(s) forming part of the Project Hospital.
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Annual Maintenance Fee means a fee payable annually in advance by Merced County to OpTerra Energy Services, in consideration of the performance of up to five (5) years of Maintenance Services. The Annual Maintenance Fee for the first Measurement Period will be Eighteen Thousand Two Hundred Forty-Two Dollars ($18,242). The Annual Maintenance Fee will be increased annually thereafter at the rate of three percent (3%) per annum for the first five (5) Measurement Periods, each increase to be effective on the first day of the corresponding Measurement Period. The Annual Maintenance Fee for each Measurement Period after the fifth (5th) Measurement Period will be negotiated in good faith by the Parties, not later than ninety (90) days prior to the end of the preceding Measurement Period, on the basis of then-prevailing market rates for, e.g., labor and equipment.
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Annual Maintenance Fee means a fee payable annually in advance by Manhattan Beach USD to Chevron Energy Solutions, in consideration of the performance of up to ten (10) years of Maintenance Services. The Annual Maintenance Fee for the first Measurement Period will be $16,105. The Annual Maintenance Fee will be increased annually thereafter in accordance with Table I-2 in Attachment I, each increase to be effective on the first day of the corresponding Measurement Period.
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Annual Maintenance Fee means a fee payable annually in advance by ConFire to OpTerra Energy Services, in consideration of the provision of up to thirty (30) years of Maintenance Services, as set forth in the following table: Measurement Period Annual Maintenance Fee 1 Included in Contract Amount 2 Included in Contract Amount 3 (optional) $23,355 4 (optional) $24,056 5 (optional) $24,777 6 (optional) $25,521 7 (optional) $26,286 8 (optional) $27,075 9 (optional) $27,887 10 (optional) $28,724 11 (optional) $29,585 12 (optional) $30,473 13 (optional) $31,387 14 (optional) $32,329 15 (optional) $33,299 16 (optional) $34,297 17 (optional) $35,326 18 (optional) $36,386 19 (optional) $37,478 20 (optional) $38,602 21 (optional) $39,760 22 (optional) $40,953 23 (optional) $42,182 24 (optional) $43,447 25 (optional) $44,750 26 (optional) $46,093 27 (optional) $47,476 28 (optional) $48,900 29 (optional) $50,367 30 (optional) $51,878
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