PURCHASE PAYMENTS Purchase definition

PURCHASE PAYMENTS Purchase. Payments are flexible. This means that You, subject to Company declared minimums and maximums, may change the amounts, frequency or timing of Purchase Payments. Purchase Payments may be allocated among one or more of the Fixed Account Options and one or more Variable Accounts of the Separate Account in accordance with instructions from You. We reserve the right to specify the minimum that may be allocated to a Variable Account under the Certificate.
PURCHASE PAYMENTS Purchase. Payments are flexible. This means that You, subject to Company declared minimums and maximums, may change the amounts, frequency or timing of Purchase Payments. Purchase Payments may be allocated to the Fixed Account and one or more Variable Accounts in accordance with instructions from You. We reserve the right to specify the minimum that may be allocated to a Variable Account under the Certificate. SUBSTITUTION OF FUND If the shares of any of the Funds or any Portfolio of a Fund should no longer be available for investment by the Separate Account or if, in the judgment of the Company's Board of Directors, further investment in the shares of a Fund is no longer appropriate in view of the purpose of the contract, the Company may substitute shares of another mutual fund or separate investment series thereof, for Fund shares already purchased or to be purchased in the future by Purchase Payments under the contract. No substitution of securities may take place without prior approval of the Securities and Exchange Commission and under such requirements as it may impose. SEPARATE ACCOUNT The Separate Account is a separate investment account of the Company. It is shown on the Certificate Data Page. The assets of the Separate Account are the property of the Company. However, they are not chargeable with the liabilities arising out of any other business the Company may conduct. Each Variable Account is not chargeable with liabilities arising out of any other Variable Account. ACCUMULATION PROVISIONS SEPARATE ACCOUNT ACCUMULATION VALUE The Separate Account Accumulation Value under the Certificate shall be the sum of the values of the Accumulation Units held in the Variable Accounts for the Participant. NUMBER OF ACCUMULATION UNITS For each Variable Account, the number of Accumulation Units is the sum of: Each Purchase Payment and transfer allocated to the Variable Account, reduced by applicable premium taxes, if any: Divided by The Accumulation Unit Value for that Variable Account as of the Valuation Period in which the Purchase Payment or transfer amount is received. The number of Accumulation Units will be similarly adjusted for withdrawals, annuitizations, transfers, and charges. Adjustments will be made as of the end of the Valuation Period in which We receive all requirements for the transaction, as appropriate. ACCUMULATION UNIT VALUE (AUV) The AUV of a Variable Account for any Valuation Period is calculated by subtracting (2) from (1) and dividing the result...
PURCHASE PAYMENTS Purchase. Payments are flexible. This means that You, subject to Company declared minimums and maximums, may change the amounts, frequency or timing of Purchase Payments. Purchase Payments may be allocated to the Fixed Account and one or more Variable Accounts in accordance with instructions from You. We reserve the right to specify the minimum that may be allocated to a Variable Account under the Certificate. SUBSTITUTION OF FUND If the shares of any of the Funds or any Portfolio of a Fund should no longer be available for investment by the Separate Account or if, in the judgment of the Company's Board of Directors, further investment in the shares of a Fund is no longer appropriate in view of the purpose of the Contract, the Company may substitute shares of another mutual fund or separate investment series thereof, for Fund shares already purchased or to be purchased in the future by Purchase Payments under the Contract. No substitution of securities may take place without prior approval of the Securities and Exchange Commission and under such requirements as it may impose.

Examples of PURCHASE PAYMENTS Purchase in a sentence

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the initial Purchase Payment.

  • PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible.

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made subsequent to the Initial Purchase Payment.

  • INELIGIBLE PURCHASE PAYMENTS Purchase Payments or portions thereof that are not included in the calculation of the Benefit Base.

  • ELIGIBLE PURCHASE PAYMENTS Purchase Payments or portion thereof made on or after the Endorsement Effective Date as shown on the Endorsement Data Page that are included in the calculation of the Benefit Base.

  • SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the first Purchase Payment.

  • PURCHASE PAYMENTS Purchase payments are the payments you make for this contract and the benefits it provides.

  • PURCHASE PAYMENTS Purchase payments are the payments You make for this contract and the benefits it provides.

  • Page 10 (8/2009) PURCHASE PAYMENTS PURCHASE PAYMENTS Purchase payments are the payments You make for this contract and the benefits it provides.

  • PURCHASE PROVISIONS PURCHASE PAYMENTS Purchase payments are payable to us at our home office or, with respect only to the first purchase payment, to one of our authorized agents in exchange for a receipt signed by such agent.

Related to PURCHASE PAYMENTS Purchase

  • 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.]

  • Purchase Payment A payment made toward this Contract.

  • 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.

  • 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.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Receivables Purchase Price means $1,403,509,094.50.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

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

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

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Upfront Payment has the meaning set forth in Section 4.1.

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

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • 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.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

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

  • Lease Payments means the rental payments described in Exhibit A hereto.