Common use of Billing Cycle Clause in Contracts

Billing Cycle. The Asset-based Fee is calculated at the beginning of the billing period based on the value of your Account(s) assets as of the last business day of the preceding calendar month and deducted from your Sweep Program on the 14th day of each month, or, if the 14th is a weekend or holiday, the fee will be deducted the next business day. Additional events, such as withdrawals, suspended billing, or Account termination could change the date the Asset-based Fee is deducted as further described below. All Access Accounts use a monthly billing cycle. Your initial Asset-based Fee will be deducted from each Account the first business day after your Account reaches the investment minimum required for the Program and the Account is accepted by Sponsor. This initial Asset- based Fee will be based on the market value of the assets in the Account on the date the Account reaches the investment minimum and advisory services begin, adjusted proportionately to reflect the number of days remaining in the initial billing cycle, including the day your Account is accepted. Sponsor will calculate the Asset-based Fee for each subsequent billing period based on the market value of the Account assets, which includes cash held in your Sweep Program, on the last business day of the preceding billing period. If you or Sponsor terminate your Account during a billing period, Sponsor will prorate the Asset- based Fee based on the period of time during the billing period that the Account commenced billing, and Sponsor will charge any final Asset-based Fee or rebate any unused portion of the Asset-based Fee, as applicable, less any applicable distribution fee described in Section 17.

Billing Cycle. The Asset-based Fee is calculated at the beginning of the billing period based on the value of your Account(s) assets as of the last business day of the preceding calendar month and deducted from your Sweep Program on the 14th day of each month, or, if the 14th is a weekend or holiday, the fee will be deducted the next business day. Additional events, such as withdrawals, suspended billing, or Account termination could change the date the Asset-Asset- based Fee is deducted as further described below. All Access Active Portfolios Accounts use a monthly billing cycle. Your initial Asset-based Fee will be deducted from each Account the first business day after your Account reaches the the investment minimum required for the Program and the Account is accepted by Sponsor. This initial Asset- Asset-based Fee and will be based on the market value of the assets in the Account on the date on which the Account reaches the investment minimum and advisory services begin, adjusted proportionately to reflect the number of days remaining in the initial billing cycle, including the day your Account is accepted. Sponsor will calculate the Asset-based Fee for each subsequent billing period based on the market value of the Account assets, which includes cash held in your Sweep Program, on the last business day of the preceding billing period. If you or Sponsor terminate your Account during a billing period, Sponsor will deduct the monthly Asset-based Fee if it has not yet been assessed, prorate the Asset- Asset-based Fee based on the period of time during the billing period that the Account commenced billingwas open, including the day of the termination, and Sponsor will charge any final Asset-based Fee or rebate return any unused portion of the Asset-based Based Fee, as applicable, less any applicable distribution fee described in Section 1716.

Billing Cycle. The Asset-based Fee is calculated at the beginning of the billing period based on the value of your Account(s) assets as of the last business day of the preceding calendar month and deducted from your Sweep Program on the 14th day of each month, or, if the 14th is a weekend or holiday, the fee will be deducted the next business day. Additional events, such as withdrawalsaswithdrawals, suspended billing, or Account termination could change the date the Asset-based Fee is deducted as further described below. All Access Vista Separate Accounts use a monthly billing cycle. Your initial Asset-based Fee will be deducted from each Account the first business day after your Account reaches the investment minimum required for the Program and the Account is accepted by Sponsor. This initial Asset- based Fee will be based on the market value of the assets in the Account on the date the Account reaches the investment minimum and advisory services begin, adjusted proportionately to reflect the number of days remaining in the initial billing cycle, including the day your Account is accepted. .Sponsor will calculate the Asset-based Fee for each subsequent billing period based on the market value of the Account assets, which includes cash held in your Sweep Program, on the last business day of the preceding billing period. If you or Sponsor terminate your Account during a billing period, Sponsor will prorate the Asset- based Fee based on the period of time during the billing period that the Account commenced billing, and Sponsor will charge any final Asset-based Fee or rebate any unused portion of the Asset-based Fee, as applicable, less any applicable distribution fee described in Section 17.

Billing Cycle. The Asset-based Fee is calculated at the beginning of the billing period based on the value of your Account(s) assets as of the last business day of the preceding calendar month and deducted from your Sweep Program on the 14th day of each month, or, if the 14th is a weekend or holiday, the fee will be deducted the next business day. Additional events, such as withdrawals, suspended billing, or Account termination could change the date the Asset-based Fee is deducted as further described below. All Access Active Portfolios Accounts use a monthly billing cycle. Your initial Asset-based Fee will be deducted from each Account the first business day after your Account reaches the the investment minimum required for the Program and the Account is accepted by Sponsor. This initial Asset- Asset-based Fee and will be based on the market value of the assets in the Account on the date on which the Account reaches the investment minimum and advisory services begin, adjusted proportionately to reflect the number of days remaining in the initial billing cycle, including the day your Account is accepted. Sponsor will calculate the Asset-based Fee for each subsequent billing period based on the market value of the Account assets, which includes cash held in your Sweep Program, on the last business day of the preceding billing period. If you or Sponsor terminate your Account during a billing period, Sponsor will deduct the monthly Asset-based Fee if it has not yet been assessed, prorate the Asset- Asset-based Fee based on the period of time during the billing period that the Account commenced billingwas open, including the day of the termination, and Sponsor will charge any final Asset-based Fee or rebate return any unused portion of the Asset-based Based Fee, as applicable, less any applicable distribution fee described in Section 1716.

Billing Cycle. The Asset-based Fee is calculated at the beginning of the billing period based on the value of your Account(s) assets as of the last business day of the preceding calendar month and deducted from your Sweep Program on the 14th day of each month, or, if the 14th is a weekend or holiday, the fee will be deducted the next business day. Additional events, such as withdrawals, suspended billing, or Account termination could change the date the Asset-based Fee is deducted as further described below. All Access Vista Separate Accounts use a monthly billing cycle. Your initial Asset-based Fee will be deducted from each Account the first business day after your Account reaches the investment minimum required for the Program and the Account is accepted by Sponsor. This initial Asset- based Fee will be based on the market value of the assets in the Account on the date the Account reaches the investment minimum and advisory services begin, adjusted proportionately to reflect the number of days remaining in the initial billing cycle, including the day your Account is accepted. Sponsor will calculate the Asset-based Fee for each subsequent billing period based on the market value of the Account assets, which includes cash held in your Sweep Program, on the last business day of the preceding billing period. If you or Sponsor terminate your Account during a billing period, Sponsor will prorate the Asset- based Fee based on the period of time during the billing period that the Account commenced billing, and Sponsor will charge any final Asset-based Fee or rebate any unused portion of the Asset-based Fee, as applicable, less any applicable distribution fee described in Section 17.