Delayed Payment Rate. The Delayed Payment Rate at the end of each Accounting Period will be equal to 75 basis points plus the quotient of the sum of the one month London Interbank Offered Rates (LIBOR) as published by The Wall Street Journal at the end of each calendar month ending during the current Accounting Period, divided by the number of calendar months ending during the current Accounting Period.
Appears in 7 contracts
Samples: Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co), Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 2), Reinsurance Agreement (Genworth Life of New York VA Separate Account 3)
