Common use of Benefit Payments Clause in Contracts

Benefit Payments. The term “Benefit Payments,” as used in this Agreement, shall mean the sum of (i) Claims (as defined in Xxxxxxxxx 0 xxxxx), (xx) Cash Surrender Values (as defined in Xxxxxxxxx 0 xxxxx), (xxx) Annuity Payments (as defined in Xxxxxxxxx 0 xxxxx), (xx) Additional Death Benefit Interest Payments (as defined in Paragraph 5 below), and (v) the Quota Share Percentage of the net of the transfers to the Ceding Company’s related separate accounts less the transfers from such separate accounts. Transfers from such separate accounts shall not include policy fees, mortality and expense charges, or charges for guaranteed minimum income benefit riders. The Ceding Company’s related separate accounts shall be maintained such that the separate account liabilities for the Annuities are equal to the market value of the assets in the variable subaccounts of such separate accounts.