Minimum Contract Value definition

Minimum Contract Value means 10% of the Maximum Contract Value.

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Minimum Contract Value means $20,000.00 (excluding Applicable Taxes).

Minimum Contract Value means 10%.

Examples of Minimum Contract Value in a sentence

At least the Minimum Contract Value remaining after a partial withdrawal, as shown on the Contract Data Pages, must remain after any partial withdrawal.
If the gross amount of the partial withdrawal would reduce the Contract Value below the Minimum Contract Value remaining after a partial withdrawal, as shown on the Contract Data Pages, the Company will treat the withdrawal request as a total withdrawal and the Withdrawal Value will be paid.
If the withdrawal reduces the Net Contract Value to an amount less than or equal to the Minimum Contract Value to Avoid Contract Termination as shown in the Contract Specifications, we may terminate this Contract and pay you the withdrawal proceeds (see Full Withdrawal provision).
If the automatic withdrawal would reduce the Contract Value below the Minimum Contract Value remaining after a partial withdrawal, as shown on the Contract Data Pages, the Company will treat the withdrawal request as a total withdrawal and the Withdrawal Value will be paid.
We will not terminate the Contract if you own an optional Guaranteed Minimum Withdrawal Benefit (GMWB) rider and a withdrawal reduces the Contract Value to an amount less than or equal to the Minimum Contract Value to Avoid Contract Termination as shown in the Contract Specifications.

Minimum Contract Value means 5%.

Minimum Contract Value means 5 % of the Maximum Contract Value on the date the contract is first issued.

Minimum Contract Value means $20,000.00.

Minimum Contract Value means $to be inserted at contract award.

Minimum Contract Value means ten percent (10%) of the Maximum Contract Value.

Minimum Contract Value means 2% of the amount identified as the Total Estimated Cost on page 1 of the Contract when it is first awarded.

Minimum Contract Value means 75% of the Maximum Contract Value.