Monthly Processing Date definition

Monthly Processing Date means the same day of each month as the Contract Date. If the day does not exist in a month, the last day of the month will be used.
Sample 1Sample 2Sample 3
Monthly Processing Date is the day of each month that the Monthly Deduction Amount is deducted from the Account Value of this Contract. Monthly Processing Dates are the Contract Date and the same day of each month thereafter. If there is no such date in a particular month, the Monthly Processing Date will be the last day of that month. If a Monthly Processing Date is not a Valuation Date, the Monthly Processing Date will be the next Valuation Date.
Sample 1Sample 2Sample 3
Monthly Processing Date. The "Monthly Processing Date" is the date each month on which the monthly deductions from the Accumulation Value are deducted. The first Monthly Processing Date will be the Policy Date or the date on which the initial Net Premium is allocated to your Policy, if later. Subsequent Monthly Processing Dates will be the same date as the Policy Date each month thereafter unless this is not a Valuation Day, in which case the Monthly Processing Date occurs on the next Valuation Day.
Sample 1Sample 2

Examples of Monthly Processing Date in a sentence

  • On any Monthly Processing Date, if your Policy Account Value, after subtracting the Monthly Deduction and Policy Debt, is less than zero, your Policy will enter the grace period.

  • The grace period is a 61-day period beginning on that Monthly Processing Date.

  • Abdelmoniem and Brahim Bensaou, “Incast-Aware Switch-Assisted TCP Congestion Control for Data Centers”, IEEE Global Communications Conference (Globecom 15).

  • Angelino, Esq., for Sage Realty Corporation, owner.SUBJECT - Application April 16, 2002 - An application for an interpretative appeal of Local Law 5 regarding various regulations pertaining to the Fire Safety Plan for subject premises.PREMISES AFFECTED - 767 Third Avenue, southeast corner of East 48th Street, Block 1321, Lots 41-47, Borough of Manhattan.

  • The Transfer Date is the next Monthly Processing Date following the later of the Policy Date, the Issue Date or thedate the premium was received to place the policy In Force.

  • These cameras will be removed and replaced with new Ethernet-based cameras that will be connected to the fiber backbone and information will be relayed back to Node 2, the fiber optic regeneration building, and the CTMC.

  • If your Policy’s No Lapse Guarantee is in force, your Policy is protected from lapsing, even if the Policy Account Value, after subtracting the Monthly Deduction and Policy Debt, is less than zero on a Monthly Processing Date as long as the No Lapse Guarantee Test is satisfied.

  • However, the OFESZ does not process data revealing racial or ethnic origin, political opinions or political party affiliations, religious or philosophical beliefs or similar data under any circumstances.

  • Net Amount At RiskOn any Monthly Processing Date, the amount calculated as the Net Amount at Risk death benefit less the Policy Account Value.

  • The sum of the Guaranteed Coverage Rider Minimum Monthly Premiums up to the applicable Monthly Processing Date shall not include Guaranteed Coverage Rider Minimum Monthly Premiums for any period during which the Monthly Deduction was waived under any applicable Waiver of Monthly Deductions rider.


More Definitions of Monthly Processing Date

Monthly Processing Date means the same day of each month as the Contract Issue Date. If the day does not exist in a month, the first day of the next month will be used. If the first day of the next month falls on a non-business day, we will use the next business day.
Sample 1Sample 2
Monthly Processing Date. The date each month on which the monthly deductions from the account value are due. The first monthly processing date will be the policy date or the date on which the initial net premium is allocated to your policy, if later. Subsequent monthly processing dates will be the same date as the policy date each month thereafter. If that date is not a valuation date, monthly processing will use the next calculated accumulation unit value. Net account value: The amount of the account value minus any policy loan and accrued loan interest. Net premium: The premium amount paid minus the premium expense charges shown in the Schedule. These charges are deducted from each premium before the premium is applied to your account value. Policy Form 15291-00 5 Partial withdrawal: The withdrawal of a portion of your cash surrender value from the policy. The partial withdrawal may reduce the amount of base death benefit in force, which in turn may cause a surrender charge to be incurred. Policy loan: The sum of amounts you have borrowed from your policy, increased by any policy loan interest capitalized when due, and reduced by any policy loan repayments.
Sample 1
Monthly Processing Date. The date each month on which the monthly deductions from the account value are due. The first monthly processing date will be the policy date or the date on which the initial net premium is allocated to your policy, if later. Subsequent monthly processing dates will be the same date as the policy date each month thereafter. If that date is not a valuation date, monthly processing will use the next calculated accumulation unit value. Net account value: The amount of the account value minus any policy loan and accrued loan interest. Net cash surrender value: The account value minus any applicable surrender charge and minus any policy loan including accrued but unpaid loan interest.
Sample 1
Monthly Processing Date means the same day of each calendar month following the Effective Date.
Sample 1

Related to Monthly Processing Date

  • Processing Date means the day on which the first step of physical Processing is scheduled to occur, as identified in an Acknowledgement.

  • Collection Period means, with respect to any Payment Date, the period commencing on the first day of the calendar month immediately preceding the month in which such Payment Date occurs (and, in the case of the first Collection Period, the period from (but excluding) the Cutoff Date) and ending on the last day of the calendar month immediately preceding the month in which such Payment Date occurs.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Remittance Date With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.

  • Collection Date The date following the Termination Date on which the Aggregate Unpaids have been reduced to zero and indefeasibly paid in full.

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.

  • Transfer Date means, in relation to a transfer, the later of:

  • Monthly Period means the period from and including the first day of a calendar month to and including the last day of such calendar month.

  • Origination Date means, with respect to each Mortgage Loan, the date of the Mortgage Note relating to such Mortgage Loan, unless such information is not provided by the Borrower with respect to such Mortgage Loan, in which case the Origination Date shall be deemed to be the date that is 40 days prior to the date of the first payment under the Mortgage Note relating to such Mortgage Loan.

  • Servicer Remittance Date With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Monthly Servicer Report means a report substantially in the form attached as Exhibit A-1 to the Servicing Agreement or in such other form as shall be agreed between the Servicer (with prior consent of the Back-Up Servicer) and the Trustee; provided, however, that no such other agreed form shall serve to exclude information expressly required by this Base Indenture or any Series Supplement.

  • Monthly Progress Report Shall have the meaning set forth in Section 13.7 (Monthly Progress Report).

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Servicer Business Day means any day other than a Saturday, a Sunday or a day on which banking institutions in Raleigh, North Carolina, Charlotte, North Carolina or New York, New York are authorized or obligated by law, regulation or executive order to be closed, on which the Servicer maintains normal office hours and conducts business.