Examples of Surrender in a sentence
The policy has a guaranteed Surrender value equivalent to 80% of the single Premium You paid throughout the policy duration from Policy commencement date onwards.
Subject to Our approval, You may take a loan on Your policy of up to 90% of its total Surrender value less any amounts owing to Us. We will charge an interest on the policy loan and may change the interest rate at any time by giving You thirty (30) days’ written notice in advance.
Specifically, the Surrender shall not amount to a termination or partial termination of this Lease for the purposes of Clauses 2.1.4 or 4.10.
For example, by Agreement to Partially Surrender and Vary the Core Rail Lease dated 24 December 2001 the Parties agreed that certain land comprising the Auckland rail corridors would be deleted from the Original Lease.
D The Parties have therefore agreed to the surrender of the Surrender Land and to vary the terms of the Original Lease as set out in this Memorandum.