Maximum Maturity definition
Examples of Maximum Maturity in a sentence
In no event will you be permitted to elect a Subsequent Term longer than the shortest Term ending on or after the Maximum Maturity Date shown on the Specifications Page.
This Agreement shall become effective on the date hereof and shall continue in full force and effect until the Maximum Maturity Date, as defined in the Ordinance, subject to the right of suspension and termination as provided herein.
The Death Benefit after the Maximum Maturity Age and before the Annuity Date is the Net Certificate Value.
The Contract will automatically be forced into Annuitization for a guaranteed period of ten years if the Owner does not select an Annuity Date on or before the Maximum Maturity Date.
The principal of each Term Loan shall be due and payable in twelve (12) substantially equal installments due quarterly on the first Business Day of the month in which such payment is due, commencing with the first such installment due ninety (90) days after the Term Loan Start Date; provided, however, that any remaining portion of the Term Loan shall be due and payable on the Term Loan Maturity Date; provided that no Term Loan shall mature after the Maximum Maturity Date.