Index Term definition
Examples of Index Term in a sentence
The Annual Spread is declared by the Company at the beginning of each Index Term Period.
The Cap Rate, if applicable, for each strategy is declared by the Company at the beginning of each Index Term Period.
The Participation Rate is declared by the Company at the beginning of each Index Term Period.
Each such payment or prepayment of Advances shall be applied (i) first to any Swing Advances outstanding, and (ii) then applied to prepay ratably to the Revolver Advances of the several Lenders outstanding on the date of payment or prepayment in the following order or priority: (a) first, to Base Rate Advances, (b) second, to Index Term Ben▇▇▇▇▇▇ ▇▇▇▇▇▇▇s; (c) lastly, to Tranche Term Benchmark Advances.
Crediting Strategy – Method of determining the amount of positive interest, if any, credited to your Index-Linked Option Value for each Index Term.
Note that no Index-Linked Option Credit will be earned or credited on Withdrawals prior to the end of an Index Term.
On the Index Term End Date, we will calculate the Index-Linked Option Credit that will be credited to the Index-Linked Option.
Please note that assets must remain invested in the Index Accounts for the entire one year Index Term in order to capture Index Account Interest Earning.
Each such optional prepayment (other than any optional prepayment made in connection with the reduction of Revolving Commitments of Non-Extending Lenders in accordance with Section 2.08(b)) shall be applied (i) first to any Swing Advances outstanding, and (ii) then applied to prepay ratably to the Revolver Advances of the several Lenders outstanding on the date of payment or prepayment in the following order or priority: (a) first, to Base Rate Advances, and (b) second, to Index Term Benchmark Advances.
Index – Refers to the Index(es) or exchange traded fund(s) shown in each Index-Linked Option Rider and used to determine any Index-Linked Option Credit that is credited to an Index-Linked Option on the Contract Anniversary, corresponding to the Index Term End Date.