Common use of Administrative Expense Payments Clause in Contracts

Administrative Expense Payments. In consideration of the anticipated administrative expense savings resulting from the arrangements set forth in this Agreement, XXX agrees to pay AGL on a quarterly basis an amount set forth in Schedule B. For purposes of computing the payment to AGL contemplated under this Paragraph 2 for each quarterly period, the total of the average daily net assets invested by the Separate Accounts shall be multiplied by the rate shown in Schedule B multiplied by the actual number of days in the period divided by 365. The expense payment contemplated by this Paragraph 2 shall be calculated by XXX at the end of each quarter and will be paid to AGL within 30 days thereafter on a pro-rata basis. Payment will be accompanied by a statement showing the calculation of the quarterly amount payable by XXX and such other supporting data as may be reasonably requested by AGL.

Administrative Expense Payments. In consideration of the anticipated ------------------------------- administrative expense savings resulting from the arrangements set forth in this Agreement, XXX agrees to pay AGL on a quarterly basis an amount set forth in Schedule B. For purposes of computing the payment to AGL contemplated under this Paragraph 2 for each quarterly period, the total of the average daily net assets invested by the Separate Accounts shall be multiplied by the rate shown in Schedule B multiplied by the actual number of days in the period divided by 365. The expense payment contemplated by this Paragraph 2 shall be calculated by XXX at the end of each quarter and will be paid to AGL within 30 days thereafter on a pro-rata basis. Payment will be accompanied by a statement showing the calculation of the quarterly amount payable by XXX and such other supporting data as may be reasonably requested by AGL.