Common use of DAILY RESERVE ADJUSTMENTS Clause in Contracts

DAILY RESERVE ADJUSTMENTS. While this Agreement is in effect, on a daily basis a reserve adjustment equal to the amount defined below shall be paid. Let: RC = The Reserve change in GLENBROOK'S Variable Annuity Separate Accounts from the end of the prior accounting period to the end of the current accounting period for the reinsured contracts (corresponding to the sum of the amounts on page 4, lines 10, 11, 12 and 13 of 1992 Separate Account Statutory Statements). NII = The net investment income in GLENBROOK'S Variable Annuity Separate Accounts (corresponding to the sum of the amounts on page 4, line 2 of 1992 Separate Account Statutory Statements), minus interest income on GLENBROOK'S capital investment in Separate Accounts. If RC is greater than NII then a reserve adjustment of RC-NII is payable by ALLSTATE to GLENBROOK. If NII is greater than RC, then a reserve adjustment of NII-RC is payable by GLENBROOK to ALLSTATE.

DAILY RESERVE ADJUSTMENTS. While this Agreement is in effect, on a daily basis a reserve adjustment equal to (or the accounting equivalent of) the amount defined below shall be paid. Let: RC = RC= The Reserve change in GLENBROOK'S Variable Annuity Separate Accounts from the end of the prior accounting period to the end of the current accounting period for the reinsured contracts (corresponding to the sum of the amounts on page 4, lines 10, 11, 12 and 13 of 1992 Separate Account Statutory Statements). NII = NII= The net investment income in GLENBROOK'S 's Variable Annuity Separate Accounts (corresponding to the sum of the amounts on page 4, line 2 of 1992 Separate Account Statutory Statements), minus interest income on GLENBROOK'S capital investment in the Separate Accounts. If RC is greater than NII then a reserve adjustment of RC-NII is payable by ALLSTATE to GLENBROOK. If NII is greater than RC, then a reserve adjustment of NII-RC is payable by GLENBROOK to ALLSTATE.

DAILY RESERVE ADJUSTMENTS. While this Agreement is in effect, on a daily basis a reserve adjustment equal to the amount defined below shall be paid. Let: RC = The Reserve change in GLENBROOK'S Variable Annuity Separate Accounts from the end of the prior accounting period to the end of the current accounting period for the reinsured contracts (corresponding to the sum of the amounts on page 4, lines 10, 11, 12 and 13 of 1992 Separate Account Statutory Statements). NII = The net investment income in GLENBROOK'S Variable Annuity Separate Accounts (corresponding to the sum of the amounts on page 4, line 2 of 1992 Separate Account Statutory Statements), minus interest income on GLENBROOK'S capital investment in the Separate Accounts. If RC is greater than NII then a reserve adjustment of RC-NII is payable by ALLSTATE to GLENBROOK. If NII is greater than RC, then a reserve adjustment of NII-RC is payable by GLENBROOK to ALLSTATE.

DAILY RESERVE ADJUSTMENTS. While this Agreement is in effect, on a daily basis a reserve adjustment equal to the amount defined below shall be paid. Let: RC = The Reserve change in GLENBROOKLBL'S Variable Annuity Life Separate Accounts from the end of the prior accounting period to the end of the current accounting period for the reinsured contracts (corresponding to the sum of the amounts on page 4, lines 10, 11, 12 10,11,12 and 13 of 1992 Separate Account Statutory Statements). NII = The net investment income in GLENBROOKLBL'S Variable Annuity Life Separate Accounts (corresponding to the sum of the amounts on page 4, line 2 of 1992 Separate Account Statutory Statements), minus interest income on GLENBROOKLBL'S capital investment in the Separate Accounts. If RC is greater than NII then a reserve adjustment of RC-NII is payable by ALLSTATE to GLENBROOKLBL. If NII is greater than RC, then a reserve adjustment of NII-RC is payable by GLENBROOK LBL to ALLSTATE.