Common use of Effect of Contract Termination Clause in Contracts

Effect of Contract Termination. On and after the Date of Termination, no Contributions may be made. As of the Date of Termination, we reduce all Contract values by: (a) any applicable taxes not previously deducted; (b) the Annual Maintenance Fee as shown in the Contract Specifications; (c) any applicable Contingent Deferred Sales Charge as shown in the Contract Specifications; and (d) any other accrued and unpaid fees or charges under the Contract. We call the resulting Contract values the "Surrender Value". We pay the Surrender Value to you under Section 7.3 and Section 7.4 below.

Effect of Contract Termination. On and after the Date of Termination, no Contributions may be made. As of the Date of Termination, we reduce all Contract values by: (a) any applicable taxes not previously deducted; (b) the Annual Maintenance Fee as shown in the Contract Specifications; (c) any applicable Contingent Deferred Sales Charge as shown in the Contract Specifications; and (d) any other accrued and unpaid fees or charges under the Contract. 11 We call the resulting Contract values the "Surrender Value". We pay the Surrender Value to you under Section 7.3 and Section 7.4 below.

Effect of Contract Termination. On and after the Date of Termination, no Contributions may be made. As of the Date of Termination, we reduce all Contract values by: (a) any applicable taxes not previously deducted; (b) the Annual Maintenance Fee as shown in the Contract Specifications; (c) any applicable Contingent Deferred Sales Charge as shown in the Contract Specifications; and (d) any other accrued and unpaid fees or charges under the Contract. We call the resulting Contract values the "“Surrender Value". ” We pay the Surrender Value to you under Section 7.3 and Section 7.4 below.