GUARANTEED VALUES Clause Samples

GUARANTEED VALUES. The cash value of the Guaranteed Interest Fund 1 will not be less than the Minimum Value. The Minimum Value Equals: • an accumulation, at the Nonforfeiture Rate, of 92% of the amount applied to the Guaranteed Interest Fund 1; less • an accumulation, at the Nonforfeiture Rate, of the cash value of amounts withdrawn or transferred from the Guaranteed Interest Fund 1. The Initial Nonforfeiture Rate is shown on page 4. The Nonforfeiture Rate will be redetermined at the start of any Guaranteed Period. Upon redetermination, the Nonforfeiture Rate will equal the greater of (a) 1% or (b) the Five Year Constant Maturity Treasury Rate reported by the Federal Reserve as of the second-to-last Valuation Date of the month preceding the month of redetermination, rounded to the nearest .05%, minus 1.25%, but not more than 3%. Guaranteed values are at least as great as those required by the state in which this contract is delivered. ▇▇.▇.▇.▇▇.(0805) 8
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GUARANTEED VALUES. The cash value of the Guaranteed Interest Fund 1 will not be less than the Minimum Value. The Minimum Value Equals: • An accumulation, at the nonforfeiture rate, of 87.5% of the amount applied to the Guaranteed Interest Fund 1; less • An accumulation, at the nonforfeiture rate, of the cash value of amounts withdrawn or transferred from the Guaranteed Interest Fund 1. The initial nonforfeiture rate is shown on Page 4. The nonforfeiture rate will be re-determined at the start of any Guaranteed Period. Upon redetermination, the nonforfeiture rate will equal the greater of (a) the minimum nonforfeiture rate required by law as of the Issue Date or (b) the Five Year Constant Maturity Treasury Rate reported by the Federal Reserve as of the second-to-last Valuation Date of the month preceding the month of redetermination, rounded to the nearest .05%, minus 1.25%, but not more than 3%. Guaranteed values are at least as great as those required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities. ICC12.RR.VA.AFB.(0313) 8 SECTION 4. PURCHASE PAYMENTS, TRANSFERS, WITHDRAWALS
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GUARANTEED VALUES. The cash value of the Guaranteed Accounts will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the Nonforfeiture Rate, of 87.5% of the amounts applied to the Guaranteed Accounts; less • an accumulation, at the Nonforfeiture Rate, of the cash value of amounts withdrawn from the Guaranteed Accounts without regard to any positive Market Value Adjustments; less • an accumulation, at the Nonforfeiture Rate, of adjustments made to the Minimum Value for each transfer from the Guaranteed Accounts to the Separate Account, where each adjustment equals the amount transferred, adjusted for any negative Market Value Adjustment, less any excess of the Withdrawal Charge applicable to the Guaranteed Account immediately before the transfer over the Withdrawal Charge applicable to the Guaranteed Account after the transfer. Guaranteed values are at least as great as those required by the state in which this contract is delivered. RR.V.B.BK.(0805) 9
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GUARANTEED VALUES. The cash value of the Guaranteed Accounts will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the nonforfeiture rate, of 87.5% of the amounts applied to the Guaranteed Accounts; less • an accumulation, at the nonforfeiture rate, of the cash value of amounts withdrawn from the Guaranteed Accounts without regard to any positive Market Value Adjustments; less • an accumulation, at the nonforfeiture rate, of adjustments made to the Minimum Value for each transfer from the Guaranteed Accounts to the Separate Account, where each adjustment equals the amount transferred, adjusted for any negative Market Value Adjustment, less any excess of the Withdrawal Charge applicable to the Guaranteed Account immediately before the transfer over the Withdrawal Charge applicable to the Guaranteed Account after the transfer. Guaranteed values are at least as great as those required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities. ICC12.RR.VA.BBK.(0313) 9 SECTION 4. PURCHASE PAYMENTS, TRANSFERS, WITHDRAWALS
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Related to GUARANTEED VALUES

  • Guaranteed Indebtedness No Credit Party shall create, incur, assume or permit to exist any Guaranteed Indebtedness except (a) by endorsement of instruments or items of payment for deposit to the general account of any Credit Party, and (b) for Guaranteed Indebtedness incurred for the benefit of any other Credit Party if the primary obligation is expressly permitted by this Agreement.

  • Guaranteed Maximum Price The total monies payable to Developer under the terms and conditions of the Contract Documents.

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Guaranteed Obligations The Guarantor, in consideration of the execution and delivery of the Note Purchase Agreement and the purchase of the Notes by the Purchasers, hereby irrevocably, unconditionally and absolutely guarantees, on a continuing basis, to each Noteholder as and for the Guarantor’s own debt, until final and indefeasible payment of the amounts referred to in clause (a) below has been made: (a) the due and punctual payment by the Company of the principal of, and the Make-Whole Amount (if any) and interest on, the Notes at any time outstanding and the due and punctual payment of all other amounts payable, and all other Indebtedness owing, by the Company to the Noteholders under the Note Purchase Agreement and the Notes (including, without limitation, any monetary obligations incurred during the pendency of any bankruptcy, insolvency, winding-up, receivership or other similar proceeding regardless of whether allowed or allowable in such proceeding including, without limitation, interest accrued on the Notes during any such proceeding), in each case when and as the same shall become due and payable, whether at maturity, pursuant to mandatory or optional prepayment, by acceleration or otherwise, all in accordance with the terms and provisions hereof and thereof; it being the intent of the Guarantor that the guarantee set forth herein shall be a continuing guarantee of payment and not a guarantee of collection; and (b) the punctual and faithful performance, keeping, observance, and fulfillment by the Company of all duties, agreements, covenants and obligations of the Company contained in the Note Purchase Agreement and the Notes. All of the obligations set forth in clause (a) and clause (b) of this Section 2.1 are referred to herein as the “Guaranteed Obligations.”

  • Guaranteed Maximum Price (GMP Construction Manager guarantees that it shall not exceed a Guaranteed Maximum Price (GMP) of One Million, Twenty-One Thousand, One Hundred Twenty- Four Dollars and Ninety-Seven Cents ($1,021,124.97) for the identified Sub-Project.