Common use of Distribution Fee Payments Clause in Contracts

Distribution Fee Payments. The Company agrees to pay, with respect to each Portfolio, to the Insurance Company at the end of each month an amount equal to 0.15% of the average daily net asset value of the Class II Shares or 0.25% of the average daily net asset value of the Class III Shares of such Portfolio held by the Insurance Company separate accounts during that month. Such payments will begin to accrue on the date of settlement. The Insurance Company agrees to waive the payment of any fees unless and until BlackRock Investments, LLC (the “Distributor”) has received such fees from the Company. The Insurance Company shall provide the Distributor such information as reasonably requested by the Distributor to enable the Distributor to comply with the reporting requirements of Rule 12b-1 under the Investment Company Act (“Rule 12b-1”) regarding the disbursement of the distribution fee during such period.

Distribution Fee Payments. The Company agrees to pay, with respect to each Portfolio, to the Insurance Company at the end of each month an amount equal to 0.15% of the average daily net asset value of the Class II Shares or 0.25% of the average daily net asset value of the Class III Shares of such Portfolio held by the Insurance Company separate accounts during that month. Such payments will begin to accrue on the date of settlement. The Insurance Company agrees to waive the payment of any fees unless and until BlackRock Investments, LLC (the “Distributor”) has received such fees from the Company. The Insurance Company shall provide the Distributor such information as reasonably requested by the Distributor to enable the Distributor to comply with the reporting requirements of Rule 12b-1 under the Investment Company Act (“Rule 12b-1”) regarding the disbursement of the distribution fee during such period.