MINIMUM SPECIFIED AMOUNT definition

MINIMUM SPECIFIED AMOUNT. The Minimum Specified Amount is shown on the Policy Data Page. Changes to the policy which result in a Specified Amount below the Minimum Specified Amount will not be processed. Refer to Specified Amount Decreases and Partial Surrender Provisions for details.
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MINIMUM SPECIFIED AMOUNT shall have the meaning specified in Section 14.02(a)(iii).
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MINIMUM SPECIFIED AMOUNT shall have the meaning specified in ‎Section 14.02(a)(vi).
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Examples of MINIMUM SPECIFIED AMOUNT in a sentence

  • BENEFICIARY INSURED As stated in the application or in the ▇▇▇▇ ▇▇▇ OWNER INITIAL The insured SPECIFIED AMOUNT $100,000 ISSUE AGE CONTRACT DATE 35 Sept 01, 2000 SEX MATURITY DATE* Male Sept 01, 2065 MINIMUM SPECIFIED AMOUNT $100,000 GUARANTEED MONTHLY PREMIUM DURING GUARANTEED PAYMENT PERIOD $XX.XX** GUARANTEED PAYMENT PERIOD AGENCY First five years following the contract date.


More Definitions of MINIMUM SPECIFIED AMOUNT

MINIMUM SPECIFIED AMOUNT has the meaning specified in Section 7.03(b).
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Related to MINIMUM SPECIFIED AMOUNT

  • Annual Specified Amount means $400,000 escalated on each Anniversary Date by the percentage by which the CPI last published prior to such Anniversary Date has increased over the CPI last published prior to the grant of the Burswood Casino Licence.

  • Specified Amount of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and such amount shall thereafter be a Specified Amount and such single currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).