Common use of CONTRACT MAINTENANCE CHARGE Clause in Contracts

CONTRACT MAINTENANCE CHARGE. If your Contract Value is less than $50,000, we will charge a Contract Maintenance Charge of the lesser of $30 or 2% of the Contract Value. In no event will the Contract Maintenance Charge ever exceed $30. This charge is deducted on the Contract Anniversary and when a surrender of the Contract occurs, if the Contract Value at the time is then less than $50,000. The Contract Maintenance Charge will be deducted on a pro-rata basis from all Allocation Options to which your Contract Value is allocated. We reserve the right to raise the Contract Value amount over which we will waive the Contract Maintenance Charge.

CONTRACT MAINTENANCE CHARGE. If your Contract Value is less than [$50,000100,000], we will charge a Contract Maintenance Charge of the lesser of [$30 50] or 2% of the Contract Value. In no event will the Contract Maintenance Charge ever exceed $30. This The charge is deducted on the Contract Anniversary and when a surrender of the Contract occurs, if the Contract Value at the time is then less than [$50,000100,000]. The We reserve the right to raise the maximum Contract Maintenance Charge we may charge in a Contract Year, but it will be deducted on a pro-rata basis from all Allocation Options to which your Contract Value is allocatednot exceed $60. We also reserve the right to raise the Contract Value amount over which we will waive the Contract Maintenance Charge.

CONTRACT MAINTENANCE CHARGE. If your Contract Value is less than $50,000100,000, we will charge a Contract Maintenance Charge of the lesser of $30 or 2% of the Contract Value. In no event will the Contract Maintenance Charge ever exceed $30. This The charge is deducted on the Contract Anniversary and when a surrender of the Contract occurs, if the Contract Value at the time is then less than $50,000. The Contract Maintenance Charge will be deducted on a pro-rata basis from all Allocation Options to which your Contract Value is allocated100,000. We reserve the right to raise the Contract Value amount over which we will waive the Contract Maintenance Charge.