Common use of CURRENT INTEREST RATE Clause in Contracts

CURRENT INTEREST RATE. The Base Interest Rate plus any additional interest rate credited by the Company, less any charges due under any optional endorsements to the Contract. In no event will the Current Interest Rate be less than the Fixed Account Minimum Interest Rate shown on the Contract Data Page. DESIGNATED OPTION(S). The Investment Division(s) and/or 1-Year Fixed Account Option made available by the Company and selected by the Owner to which amounts will be transferred from a Source Option pursuant to one of the Company's systematic investment programs. FIXED ACCOUNT. Contract Values allocated to one or more Fixed Account Options. Allocations made to the Fixed Account Options are part of the general account of the Company. The general account is made up of all general assets of the Company, other than those in the Separate Account and other segregated asset accounts.

Appears in 2 contracts

Samples: Jnlny Separate Account I, Jnlny Separate Account I

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CURRENT INTEREST RATE. The Base Interest Rate plus any additional interest rate credited by the Company, less any charges due under any optional endorsements to the Contract. In no event will the Current Interest Rate be less than the Fixed Account Minimum Interest Rate shown on the Contract Data PageRate. DESIGNATED OPTION(S). The Investment Division(s) and/or 1-Year Fixed Account Option Option(s) made available by the Company and selected by the Owner to which amounts will be transferred from a Source Option pursuant to one of the Company's systematic investment programs. DEFINITIONS (CONT'D) FIXED ACCOUNT. Contract Values allocated to one or more of the Fixed Account Options. Allocations made to the Fixed Account Options are part of the general account of the Company. The general account is made up of all general assets of the Company, other than those in the Separate Account and other segregated asset accounts.

Appears in 1 contract

Samples: Jnlny Separate Account I

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CURRENT INTEREST RATE. The Base Interest Rate plus any additional interest rate credited by the Company, less any charges due under any optional endorsements to the Contract. In no event will the Current Interest Rate be less than the Fixed Account Minimum Interest Rate shown on the Contract Data PageRate. DESIGNATED OPTION(S). The Investment Division(s) and/or 1-Year Fixed Account Option Option(s) made available by the Company and selected by the Owner to which amounts will be transferred from a Source Option pursuant to one of the Company's systematic investment programs. VA610NY 4 DEFINITIONS (CONT'D) FIXED ACCOUNT. Contract Values allocated to one or more of the Fixed Account Options. Allocations made to the Fixed Account Options are part of the general account of the Company. The general account is made up of all general assets of the Company, other than those in the Separate Account and other segregated asset accounts.

Appears in 1 contract

Samples: Jnlny Separate Account I

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