Table of Minimum Values - General Account Clause Samples

Table of Minimum Values - General Account. The Table below shows minimum (Fixed) General Account values at the end of contract years. These values assume: (a) the deposit to the General Account was made on the Date of Issue; (b) there have been no partial surrenders; and (c) interest has been added at the guaranteed interest rate (see Guaranteed Interest Rate). If interest is added at a higher rate at any time, actual values will be more than those shown below. IST-CDA-HO 10 TABLE OF MINIMUM (FIXED) GENERAL ACCOUNT VALUES PER $1,000 OF NET DEPOSIT TO THE GENERAL ACCOUNT Minimum Minimum End of Minimum Surrender End of Minimum Surrender Year Reserve Value Year Reserve Value 1 $ 1,040 $ 988 16 $ 1,872 $ 1,872 2 1,082 1,028 17 1,947 1,947 3 1,125 1,069 18 2,025 2,025 4 1,170 1,111 19 2,106 2,106 5 1,217 1,156 20 2,191 2,191 6 1,265 1,215 25 2,665 2,665 7 1,316 1,276 8 1,369 1,341 30 3,243 3,243 9 1,423 1,409 10 1,480 1,480 35 3,946 3,946 11 1,539 1,539 40 4,801 4,801 12 1,601 1,601 13 1,665 1,665 45 5,841 5,841 14 1,731 1,731 15 1,800 1,800 50 7,106 7,106 IST-CDA-HO 11 ANNUITY PROVISIONS
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Table of Minimum Values - General Account. The Values in the following Table only apply to Annual Deposits of exactly $1,000 credited by Aetna to the General Account. Values would be different for other modes of Deposits, Deposits in an amount other than $1,000, Deposits not made when due, prior partial surrenders, or if Aetna adds interest at a rate greater than the Guaranteed Interest Rate. The Surrender Value assumes that a Deposit of exactly $1,000 is credited by Aetna and applied at the Guaranteed Interest Rate in the General Account at the beginning of the first contract year and each contract year thereafter. The charge referred to in the Reserve provision is deducted. The applicable surrender charge in the Surrender Value provision is deducted. TABLE OF MINIMUM (FIXED) GENERAL ACCOUNT VALUES PER $1,000 OF NET DEPOSIT TO THE GENERAL ACCOUNT Minimum Minimum End of Minimum Surrender End of Minimum Surrender Year Reserve Value Year Reserve Value 1 $ 1,020 $ 969 16 $ 22,261 $ 21,816 2 2,081 1,977 17 24,171 23,688 3 3,184 3,025 18 26,158 25,635 4 4,331 4,115 19 28,224 27,660 5 5,524 5,304 20 30,373 29,766 6 6,765 6,495 25 42,478 41,629 7 8,056 7,815 8 9,398 9,117 30 57,206 56,063 9 10,794 10,579 10 2,246 12,001 35 75,124 11 3,756 13,481 40 96,925 12 15,326 15,020 13 16,959 16,620 45 123,448 14 18,658 18,285 15 20,424 20,016 50 155,719 ANNUITY PROVISIONS
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  • Certain Representations; Reservation and Availability of Shares of Common Stock or Cash (a) This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by the Warrant Agent, constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, and the Warrants have been duly authorized, executed and issued by the Company and, assuming due authentication thereof by the Warrant Agent pursuant hereto, constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits hereof; in each case except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law). (b) As of the date hereof, the authorized capital stock of the Company consists of (i) 400,066,666 shares of Common Stock, of which (A) 5,173,399 shares of Common Stock are issued and outstanding, (B) 3,000,000 shares of Common Stock are reserved for issuance upon exercise of the Warrants, (C) 30,000,000 shares are reserved for issuance upon redemption of the Series A Preferred Stock, (D) 150,000 shares of Common Stock are issuable upon exercise of previously issued and outstanding warrants, and (E) 538,128 shares of Common Stock are reserved for issuance upon exercise of an equity incentive plan, and (ii)150,000 shares of preferred stock, $0.01 par value per share, of up to 150,000 shares of Series A Preferred Stock are issuable in connection with the Offering. As of the date hereof, there are no other outstanding obligations, warrants, options or other rights to subscribe for or purchase from the Company any class of capital stock of the Company. (c) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Common Stock or its authorized and issued shares of Common Stock held in its treasury, free from preemptive rights, the number of shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants. (d) The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be payable in respect of the original issuance or delivery of the Global Warrant Certificate or the Warrant Shares. The Company shall not, however, be required to pay any tax or governmental charge which may be payable in respect of any transfer involved in the transfer or delivery of a Global Warrant Certificate or the issuance of Warrant Shares in a name other than that of the Holder until any such tax or governmental charge shall have been paid (any such tax or governmental charge being payable by the Holder at the time of surrender) or until it has been established to the Company’s reasonable satisfaction that no such tax or governmental charge is due.

  • Geographic Area and Sector Specific Allowances, Conditions and Exceptions The following allowances and conditions shall apply where relevant. Where the Employer does work which falls under the following headings, the Employer agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

  • Sector Sub-Sector Industry Classification Level of Government Type of Obligation Description of Measure Source of Measure All sectors : : - : Central : National Treatment Senior Management and Board of Directors : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure relating to small and medium sized domestic market enterprise2. Foreign equity is restricted to a maximum of 40% for domestic market enterprises with paid-in equity capital of less than the equivalent of USD 200,000 Note: Members of the Board of Directors or governing body of corporation or associations shall be allowed in proportion to their allowable participation or share in the capital of such enterprises. : -1987 Constitution of the Republic of the Philippines. - Foreign Investments Act of 1991 (R.A. No. 7042, as amended by R.A. No. 8179). -Presidential and Administrative Issuances. ∞ 2 The concept of a small and medium sized domestic market enterprise is an enterprise with paid in equity capital of less than the equivalent of USD 200,000.00.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Compliance with Certain Requirements of Regulations; Deficit Capital Accounts In the event the Company is “liquidated” within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to this Article X to the Unit Holders who have positive Capital Accounts in compliance with Regulations Section 1.704-1(b)(2)(ii)(b)(2). If any Unit Holder has a deficit balance in such Member’s Capital Account (after giving effect to all contributions, distributions and allocations for all Fiscal Years, including the Fiscal Year during which such liquidation occurs), such Unit Holder shall have no obligation to make any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed to the Company or to any other Person for any purpose whatsoever. In the discretion of the Liquidator, a pro rata portion of the distributions that would otherwise be made to the Unit Holders pursuant to this Article X may be: (i) distributed to a trust established for the benefit of the Unit Holders for the purposes of liquidating Company assets, collecting amounts owed to the Company, and paying any contingent or unforeseen liabilities or obligations of the Company, in which case the assets of any such trust shall be distributed to the Unit Holders from time to time, in the reasonable discretion of the Liquidator, in the same proportions as the amount distributed to such trust by the Company would otherwise have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement; or (b) withheld to provide a reasonable reserve for Company liabilities (contingent or otherwise) and to reflect the unrealized portion of any installment obligations owed to the Company, provided that such withheld amounts shall be distributed to the Unit Holders as soon as practicable.