Minimum Guaranteed Interest definition

Minimum Guaranteed Interest means an amount equal to the greater of (i) $640,000.00, or (ii) interest due on any amount advanced under this agreement at the Interest Rate
Sample 1Sample 2
Minimum Guaranteed Interest. RATE - The Minimum Guaranteed Interest Rate credited to the General Account is shown on the Data Page. GUARANTEE PERIOD - The initial Guarantee Period and the renewal Guarantee Period are shown on the Data Page. DEATH BENEFIT PROVISIONS DEATH OF OWNER DURING THE ACCUMULATION PERIOD - Upon death of the Owner, or a Joint Owner, during the Accumulation Period, the Death Benefit will be paid to the Beneficiary(ies) designated by You. Upon the death of a Joint Owner, the surviving Joint Owner, if any, will be treated as the primary Beneficiary. Any other beneficiary designation on record at the time of death will be treated as a contingent Beneficiary unless otherwise indicated by filing a written request at the Service Office. DEATH BENEFIT AMOUNT DURING THE ACCUMULATION PERIOD - The amount of the Death Benefit is shown on the Data Page. DEATH BENEFIT OPTIONS DURING THE ACCUMULATION PERIOD - The Owner may designate in writing that the Death Benefit be paid under one of the options below. If the Owner does not designate an option, then the Beneficiary must elect the Death Benefit to be paid under one of the options below in the event of the death of the Owner during the Accumulation Period. In addition, if the Beneficiary is the spouse of the Owner, the Beneficiary may elect to continue this Contract at the then current Contract Value in his or her own name and exercise all the Owner's rights under this Contract.
Sample 1Sample 2
Minimum Guaranteed Interest. Rate: 3% Separate Account: C.m. Multi-account A Eligible Investments, Series And Sub-accounts: Xxxxxxxxxxx Variable Account Funds Money Fund/VA Money Sub-Account Strategic Bond Fund/VA Strategic Bond Sub-Account Main Street Growth & Income Fund/VA Main Street Growth & Income Sub-Account High Income Fund/VA High Income Sub-Account Capital Appreciation Fund/VA Capital Appreciation Sub-Account Global Securities Fund/VA Global Securities Sub-Account Panorama Series Fund I, Inc. Total Return Portfolio Total Return Sub-Account Growth Portfolio Growth Sub-Account International Equity Portfolio International Equity Sub-Account Variable Insurance Products Fund II--Contrafund Portfolio; Contrafund Sub- Account American Century Variable Portfolios, Inc. VP Income & Growth Portfolio; Income & Growth Sub-Account X. Xxxx Price Equity Series, Inc.--Mid-Cap Growth Portfolio; Mid-Cap Growth Sub-Account MML Series Investment Fund MML Small Cap Value Equity Fund Small Cap Value Equity Sub-Account MML Equity Fund Equity Sub-Account MML Blend Fund Blend Sub-Account MML Equity Index Fund Equity Index Sub-Account MML Growth Equity Fund Growth Equity Sub-Account MML Small Cap Growth Equity Fund Small Cap Growth Equity Sub-Account MML Managed Bond Fund Managed Bond Sub-Account
Sample 1

Examples of Minimum Guaranteed Interest in a sentence

  • This rate cannot be lower than the Minimum Guaranteed Interest Rate.

  • The excess income earned in the Discontinued Policy Fund over and above the Minimum Guaranteed Interest Rate will also be apportioned to the Discontinued Policy Fund in arriving at the proceeds of the discontinued policies and will not be apportioned to the shareholders of the Company.

  • This suffices to show that if the structure relations hold for all f and g in one choice of yR and yL charts, then they hold for all f and g in all choices of these charts.Consider now transformations of the θ chart.

  • After the Initial Interest Guarantee Period, a new renewal interest rate will be declared annually, but can never be less than the Minimum Guaranteed Interest Rate shown.(4) Account Value is the amount you have at the end of each year if you leave your money in the contract until you start receiving annuity payments.

  • Renewal interest rates will not be less than the Minimum Guaranteed Interest Rate (MGIR).

  • The amounts credited to the Discontinued Policy Fund will earn at least the Minimum Guaranteed Interest Rate.

  • The Guarantee Period Interest Rates and Minimum Guaranteed Interest Rate are shown on Contract Data page 3 of your annuity contract.

  • The amounts credited to the Discontinued Policy Fund shall earn at least the Minimum Guaranteed Interest Rate.

  • The Minimum Guaranteed Interest Rate will never be less than 1% or greater than 3%.

  • After the Guarantee Period, the daily rate may change, but the effective annual rate of interest will never be less than the Minimum Guaranteed Interest Rate.


More Definitions of Minimum Guaranteed Interest

Minimum Guaranteed Interest. Rate: 3% Separate Account: C.M. Multi-Account A Eligible Investments, Series and Sub-Accounts: Xxxxxxxxxxx Variable Account Funds Opp Money Fund/VA Opp Money Sub-Account Opp Bond Fund/VA Opp Bond Sub-Account Opp Capital Appreciation Fund/VA Opp Capital Appreciation Sub-Account Opp Global Securities Fund/VA Opp Global Securities Sub-Account Opp Aggressive Growth Fund/VA Opp Aggressive Growth Sub-Account Opp Strategic Bond Fund/VA Opp Strategic Bond Sub-Account Opp High Income Fund/VA Opp High Income Sub-Account Opp Main Street Growth & Income Fund/VA Opp Main Street Growth & Income Sub-Account Panorama Series Fund I, Inc. Pan Total Return Portfolio Pan Total Return Sub-Account Pan Growth Portfolio Pan Growth Sub-Account Pan International Equity Portfolio Pan International Equity Sub-Account Pan LifeSpan Diversified Income Portfolio Pan LifeSpan Diversified Income Sub-Account Pan LifeSpan Balanced Portfolio Pan LifeSpan Balanced Sub-Account Pan LifeSpan Capital Appreciation Portfolio Pan LifeSpan Capital Appreciation Sub-Account MML Series Investment Fund MML Small Cap Value Equity Fund MML Small Cap Value Equity Sub-Account MML Equity Fund MML Equity Sub-Account MML Equity Index Fund MML Equity Index Sub-Account MML Blend Fund MML Blend Sub-Account MML Growth Equity Fund MML Growth Equity Sub-Account MML Small Cap Growth Equity Fund MML Small Cap Growth Equity Sub-Account Xxxxx Xxxxx Series Janus Aspen Worldwide Growth Portfolio Janus Aspen Worldwide Growth Sub-Account Janus Aspen Capital Appreciation Portfolio Janus Aspen Capital Appreciation Sub-Account Xxxxxxxxx Variable Products Series Fund Xxxxxxxxx International Fund Xxxxxxxxx International Sub-Account BT Insurance Funds Trust BT Small Cap Index Fund BT Small Cap Index Sub-Account Variable Insurance Products Fund Fidelity's VIP Growth Portfolio Fidelity's VIP Growth Sub-Account Variable Insurance Products Fund III Fidelity's VIP III Growth Opportunities Portfolio Fidelity's VIP III Growth Opportunities Sub-Account American Century Variable Portfolios, Inc. American Century VP Value Fund American Century VP Value Sub-Account American Century VP Income & Growth Fund American Century VP Income & Growth Sub-Account MFS Variable Insurance Trust MFS Growth With Income Series MFS Growth With Income Sub-Account Variable Insurance Products Fund II Fidelity's VIP II Contrafund Portfolio Fidelity's VIP II Contrafund Sub-Account X. Xxxx Price Equity Series Inc. X. Xxxx Price Mid-Cap Growth Portfolio X. Xxxx Price...
Sample 1
Minimum Guaranteed Interest set forth in Section 1.01 (Definitions) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Sample 1
Minimum Guaranteed Interest. Rate: 3.00% annually] ANNUITY SERVICE OFFICE: Cova Financial Services Life Insurance Company [P.O. Box 10366 Des Moines, Iowa 50306-0366 (000) 000-0000] ENDORSEMENTS AND RIDERS ATTACHED TO THIS CONTRACT: [Fixed Account Rider for Variable Annuity Enhanced Dollar Cost Averaging Rider Three Month Market Entry Rider Death Benefit Rider - Return of Purchase Payments Death Benefit Rider - Annual Step-up Death Benefit Rider - Greater of Annual Step-up or 5% Annual Increase Guaranteed Minimum Income Benefit Rider - [Living Benefit] Additional Death Benefit Rider - [Earnings Preservation Benefit] Waiver of Withdrawal Charge for Nursing Home or Hospital Confinement Rider Waiver of Withdrawal Charge for Terminal Illness Rider Purchase Payment Credit Rider Individual Retirement Annuity Endorsement Xxxx Individual Retirement Annuity Endorsement Tax Sheltered Annuity Endorsement 401 Plan Endorsement Unisex Annuity Rates Rider] DEFINITIONS ACCOUNT VALUE -- The sum of your interests in the Subaccounts of the Separate Account. ACCUMULATION PERIOD -- The period prior to the Annuity Date during which you can make Purchase Payments. ANNUITANT -- The natural person(s) on whose life Annuity Payments are based. You may change the Annuitant at any time prior to the Annuity Date unless an Owner is not a natural person. Any reference to Annuitant shall also include any Joint Annuitant under an Annuity Option. The Annuitant and Owner do not have to be the same person. ANNUITY PAYMENTS -- The series of payments made to the Owner or other named payee after the Annuity Date under the Annuity Option elected. ANNUITY DATE -- The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY PERIOD -- The period starting on the Annuity Date during which Annuity Payments are payable. ANNUITY SERVICE OFFICE -- The office indicated on the Contract Schedule to which notices, requests and Purchase Payments must be sent, or as otherwise directed by Notice from us. All sums payable by us under the Contract are payable through the Annuity Service Office. ANNUITY UNIT -- A unit of measure used to calculate Variable Annuity Payments after the Annuity Date. ATTAINED AGE -- The age of any Owner or Annuitant on his/her last birthday. BENEFICIARY -- The person(s) or entity(ies) you name to receive a death benefit payable under this Contract upon the death of the Owner or a Joint Owner, or in certain, circumstances, an Annuitant. BUSINESS DAY -- Each day that the New Y...
Sample 1
Minimum Guaranteed Interest. Rate: [3.0%] (effective annual rate of return).
Sample 1

Related to Minimum Guaranteed Interest

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Guaranteed loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • Guaranteed Maximum Price or “GMP” means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of “Indebtedness” contained in this Section guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i) to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, (iii) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered), (iv) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or (v) otherwise to assure a creditor against loss; provided that the term “guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business or guarantees of operating leases.

  • Guaranteed Liabilities means: (a) the Company’s prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Revolving Credit Agreement, the Notes, and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from the Company to any one or more of the Revolving Secured Parties, including principal, interest, premiums and fees (including, but not limited to, loan fees and reasonable fees, charges and disbursements of counsel (“Attorney Costs”)); (b) each Loan Party’s prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Loan Party under the Revolving Credit Agreement, the Notes and all other Loan Documents; and (c) the prompt payment in full by each Loan Party, when due or declared due and at all such times, of obligations and liabilities now or hereafter arising under Related Swap Contracts and Secured Cash Management Arrangements; provided, however, that the “Guaranteed Liabilities” shall exclude any Excluded Swap Obligations. The Guarantors’ obligations to the Revolving Secured Parties under this Guaranty Agreement are hereinafter collectively referred to as the “Guarantors’ Obligations” and, with respect to each Guarantor individually, the “Guarantor’s Obligations”. Notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantor’s Obligations shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Each Guarantor agrees that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence) for the Guaranteed Liabilities. The Guarantors’ Obligations are secured by various Security Instruments referred to in the Revolving Credit Agreement, including without limitation, the Security Agreement and the Pledge Agreement.

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Guaranteed Obligation and “Guaranteed Obligations” shall have the meaning assigned thereto in the Guarantee set forth on the signature pages hereto.

  • Guaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges, or elements of formulas used to determine any of these elements, that are guaranteed and determined at issue. An element is considered guaranteed if all of the underlying elements that go into its calculation are guaranteed.

  • Guaranteed Investment Contract With respect to any Series (or Class within such Series), a guaranteed investment contract or surety bond provided for in the related Series Supplement, Granted as part of the Trust or to the Trustee for the benefit of the Certificateholders for such Series, providing for the investment of funds in a related Account or related Accounts and insuring a minimum or a fixed rate of return on the investment of such funds, which contract or surety bond shall be an obligation of an insurance company or other entity whose rating is no lower than the rating on the Underlying Securities and shall satisfy any other requirements specified in such Series Supplement.

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Non-Guaranteed Elements means the premiums, credited interest rates (including any bonus), benefits, values, dividends, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An element is considered non-guaranteed if any of the underlying non-guaranteed elements are used in its calculation.

  • Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges or elements of formulas used to determine any of these elements, that are subject to company discretion and are not guaranteed at issue. An element is considered nonguaranteed if any of the underlying nonguaranteed elements are used in its calculation.

  • Guaranteed Payment for each Class of Notes and any Payment Date means the sum of (i) the related Guaranteed Principal Payment Amount plus (ii) the related Aggregate Investor Interest for the Payment Date.

  • Guaranty Obligation has the meaning specified in the definition of "Contingent Obligation."

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • guarantee contract means a contract entered into by a person as guarantor;