Surrender Fee definition

Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) __ __ | Less than 2 years 7% | | 2 or more but less than 4 years 6% | | 4 or more but less than 5 years 5% | | 5 or more but less than 6 years 4% | | 6 or more but less than 7 years 3% | |_ 7 years or more 0% _| Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------------------------------------------------------------ Systematic Withdrawal Option (SWO): The specified payment or specified percentage may not be greater than [10%] of the Account's Current Value at time of election.
Sample 1
Surrender Fee means the charge for the surrender, to the District, of a Right of Interment for an unoccupied Lot.
Sample 1Sample 2
Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of Net (as percentage of Purchase Payment (Years) Net Purchase Payments Less than 2 years 7% 2 or more but less than 4 years 6% 4 or more but less than 5 years 5% 5 or more but less than 6 years 4% 6 or more but less than 7 years 3% 7 years or more 0% Contract Schedule I (Continued) Accumulation Period Separate Account and MG Account (Cont'd) -------------------------------------------------------------------------------- Systematic Withdrawal The specified payment or specified percentage may not Option (SWO): be greater than 10% of the Current Value at time of election. See 1. GENERAL DEFINITIONS for explanations. Contract Schedule II Annuity Period Separate Account --------------------------------------------------------------------------------
Sample 1

Examples of Surrender Fee in a sentence

  • The Coal Authority has identified that parts of Knowsley fall within an area with potential for future surface coal extraction.

  • The payment of the Late Surrender Fee will not discharge the Lessee from the Lessee’s obligation to return the Equipment to the Lessor at the end of the Term but the Late Surrender Fee will be deemed earned by the Lessee at the time of the posting of the Late Surrender Fee to the Lessee’s credit card account.

  • If you cancel the contract, the Lender will charge a reasonable amount to cover the expenses the Lender has incurred regarding the Contract and its cancellation e.g. legal fees and disbursements Surrender Fee: All client/solicitor fees and charges, repair costs, registration and warrant of fitness costs and all other fees and disbursements incurred by the Lender will be charged to the Borrower.

  • Animal Surrender Fee Dogs $120.00 (If dog has to be re-homed or euthanized) All fees are subject to HST.

  • North Brunswick residents who surrender their pet to Animal Control will be charged a Surrender Fee of seventy-five dollars ($75.00) made payable directly to the City of New Brunswick.

  • Withdrawals taken that exceed the guaranteed withdrawal benefit (GWB) amount or taken before the youngest annuitant reaches 59 1⁄2 may significantly reduce the GWB amount, and, if taken during the first five Contract years, will be subject to a 2% Surrender Fee (see the prospectus for details).

  • If only some members of your partnership change, SML will charge You a proportionate part of the Surrender Fee.

  • The Surrender Fee shall be accounted for by the parties and considered for all purposes as a fee for the termination of this lease as it relates to the Surrender Space and not as payment or consideration for the use or occupancy of the Premises.

  • The City is not responsible for these fees: Animal Impoundment Fee: $75.00 each impoundment Boarding Fee: $15 per day or portion thereofFlea treatment (if needed) $15 per doseAnimal Surrender Fee: $175.00 + Cost of Special Vetting (e.g. spay neuter, heartworm, etc.) per animalNon-Emergency Service Calls: $225.00 per response.

  • The Wakalah fee is inclusive of 3.75% commission to agent. Fund Management Fee: Switching Fee up to RM50.00 per switch is applicable on sixth (6th) switching onwards, per Takaful Certificate year. Withdrawal Charge is as per below table, maximum RM50.00 per withdrawal.Withdrawal Charges (percentage of withdrawal amount)Year123ThereafterCharges3%2%1%0% Surrender Fee – Maximum charge up to RM50.00. RM10.00 stamp duty is imposed for each Takaful Certificate.


More Definitions of Surrender Fee

Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) Less than 2 years 7% 2 or more but less than 4 years 6% 4 or more but less than 5 years 5% 5 or more but less than 6 years 4% 6 or more but less than 7 years 3% 7 years or more 0% Systematic Withdrawal The specified payment or specified percentage may not Option (SWO): be greater than 10% of the Account's Current Value at time of election. See 1. GENERAL DEFINITIONS for explanations. Contract Schedule II Annuity Period Separate Account ------------------------------------------------------------------------------- Charges to Separate Account: A daily charge at an annual effective rate of 1.25% for Annuity mortality and expense risks. The administrative charge is established upon election of an Annuity option. This charge will not exceed 0.25%. Variable Annuity Assumed If a Variable Annuity is chosen, an assumed Annual Net Return Rate: annual net return rate of 5.0% may be elected. If 5.0% is not elected, Aetna will use an assumed annual net return rate of 3.5%. The assumed annual net return rate factor for 3.5% per year is 0.9999058. The assumed annual net return rate factor for 5.0% per year is 0.9998663. If the portion of a Variable Annuity payment for any Fund is not to decrease, the Annuity return factor under the Separate Account for that Fund must be:
Sample 1
Surrender Fee. (CONT'D) (b) As a premium for an Annuity option 2, 3 or 4 under this Contract (see 4.09);
Sample 1
Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Net Purchase Payment which is paid:
Sample 1
Surrender Fee means the fee of $100,000 payable to Vincent DiCanio for peaceful surrender of the Property agreed upon prior to the filing of the Chapter 11 proceeding.
Sample 1
Surrender Fee. For each surrender, the Surrender Fee will be determined as follows: Surrender Fee Length of Time from Deposit of (as percentage of Net Purchase Payment (Years) Net Purchase Payment) __ _ | Less than 1 year 3% | | More than 1 but less than 2 years 2% | | More than 2 but less than 3 years 1% | | More than 3 years 0% | |_ _| G-MP2(5/97)-2 Contract Schedule I (Continued) Accumulation Period Separate Account and AG Account (Cont'd) ------------------------------------------------------------------------------------------------------------------------------------ Systematic Withdrawal Option (SWO): The specified payment or specified percentage may not be greater than [10%] of the Account's Current Value at time of election.
Sample 1
Surrender Fee. The Surrender Fee does not apply to this Contract.
Sample 1

Related to Surrender Fee

  • Surrender Charge means a charge levied on the Fund Value at the time of surrender of the Policy.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • Surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.

  • Transfer Fee means the fee payable by the Hirer to the Employment Business in accordance with clause 3.7, as permitted by Regulation 10 of the Conduct Regulations;

  • Ticking Fee has the meaning specified in Section 2.09(b).

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Tender Security means the security required to be submitted by the Tenderer with its Tender Offer.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Replacement Price means the price, determined by Buyer in a commercially reasonable manner, at which Buyer purchases (if at all) substitute SRECs having the same or subsequent Reporting Year as those SRECs not delivered by Seller for the deficiency or, absent such a purchase, the Market Price for such quantity of SRECs at or during the time that Seller fails to deliver the SRECs, provided that the Market Price shall never exceed the solar alternative compliance payment.

  • Face Amount means, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;