FEES AND DEDUCTIONS. Administrative Fee — We charge an administrative fee against the assets held in the Variable Investment Option(s). This fee is assessed daily at the annual rate which is shown in the Contract Specifications. This fee is guaranteed not to increase.
FEES AND DEDUCTIONS. ASSET FEE To compensate us for assuming mortality and expense risks, and certain administration expenses, we deduct from each variable Investment Option a fee each Valuation Period at an annual rate set forth on the Specifications Page. A portion of this Asset Fee may also be used to reimburse us for distribution expenses. This fee is reflected in the Net Investment Factor used to determine the value of Accumulation Units and Annuity Units of the Contract. ANNUAL FEE To compensate us for assuming certain administrative expenses, we may charge an Annual Fee if specified on the Specifications Page. The Annual Fee deducted from the Fixed Investment Accounts will not exceed $30. Prior to the Maturity Date, the Annual Fee is deducted on each Contract Anniversary. It is withdrawn from each Investment Option in the same proportion that the value of the Investment Accounts of each Investment Option bears to the Contract Value. If the Contract Value is totally withdrawn on any date other than the Contract Anniversary, we will deduct the total amount of the Annual Fee from the amount paid. After the Maturity Date, the Annual Fee is deducted on a pro rata basis from each annuity payment. However, the Annual Fee will not reduce the annuity payments below the amount that would result from the application of the annuity payment rates stated in Part 13, Payment of Contract Benefits. TAXES We reserve the right to charge certain taxes against your Payments (either at the time of payment or liquidation), Contract Value, payment of Death Benefit, or annuity payments, as appropriate. Such taxes may include premium taxes or other taxes levied by any government entity which we, in our sole discretion, determine have resulted from the establishment or maintenance of the Variable Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of annuity payments under this Contract.
FEES AND DEDUCTIONS. (i) In consideration for TxDOT’s services hereunder, Developer shall pay TxDOT the following fees:
(A) The Base Transaction Fee provided for in Section 6(b); plus
(B) The Variable Transaction Fee provided for in Section 6(c).
(ii) The Base Transaction Fee (as calculated pursuant to Section 6(b)) and the Variable Transaction Fee (as calculated pursuant to Section 6(c)) payable to TxDOT shall be subject to reduction (pursuant to Section 6(h)) by the following:
(A) The Delinquent Payment Deduction, calculated in accordance with Section 6(d); and
(B) The Non-Compliance Deduction, if any, calculated in accordance with Section 6(e). The amount payable to TxDOT pursuant to Section 6(a)(i), net of deductions provided for in this Section 6(a)(ii), is referred to in this Tolling Services Agreement as the “TxDOT Compensation.”
(iii) The TxDOT Compensation is inclusive of all services required under this Tolling Services Agreement, other than those added by Change Order or Change Directive. Without limiting the foregoing, TxDOT expressly acknowledges that Developer shall have no obligation to compensate TxDOT over and above the TxDOT Compensation for any merchant bank charges or bank commissions or fees incurred by TxDOT for account replenishment and for any other forms of User payment methods which involve a bank (such as check, credit card, debit card, internet payments and wire transfers), or in the case of Video Transactions, for back-office work and services provided by TxDOT hereunder in respect of Video Transactions (including billing and processing payments for Video Transactions), costs of enforcement and collection, including costs of collection agencies and costs of pursuing collection in court, or of risks of inability to collect Video Transactions. This provision does not limit TxDOT’s right to charge Incidental Charges to customers and Users to the extent set forth in Section 6(f), or TxDOT’s right to additional compensation from Developer pursuant to Section 6(g).
FEES AND DEDUCTIONS. CONTRACT ASSET FEE To compensate us for assuming certain administration expenses, expense risks and mortality risks, we deduct from each variable Investment Option a fee each Valuation Period at an annual rate set forth on the Specifications Page. A portion of this Asset Fee may also be used to reimburse us for distribution expenses. This fee is reflected in the Net Investment Factor used to determine the value of Accumulation Units and Annuity Units of the Contract.
FEES AND DEDUCTIONS. CONTRACT ASSET FEE We assess a Contract Asset Fee to compensate us for assuming certain administration expenses, expense risks and mortality risks. We deduct the fee from the variable Investment Option(s) each Valuation Period at an annual rate shown in the Specifications Page. A portion of this Contract Asset Fee may also be used to reimburse us for distribution expenses. This fee is reflected in the Net Investment Factor used to determine the value of Accumulation Units and Annuity Units of the Contract. TAXES Certain taxes may be charged against your Payments (either at the time of payment or liquidation), Contract Value, payment of Death Benefit, withdrawals, or Annuity Payments, as appropriate. Such taxes may include premium taxes or other taxes levied by any government entity which we determine have resulted from the establishment or maintenance of the Variable Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of Annuity Payments under this Contract.
FEES AND DEDUCTIONS. ANNUAL FEE To compensate us for assuming certain administrative expenses, we may charge an Annual Fee as set forth on the Specifications Page. Prior to the Maturity Date, the Annual Fee is deducted from the Account Value on each Contract Anniversary. If the Account Value is totally withdrawn on any date other than the Contract Anniversary, we will deduct the total amount of the Annual Fee from the Account Value before the amount to be paid is calculated. TAXES We may charge certain taxes against your Payment, Account Value, payment of death benefit, or Annuity Payments when appropriate. Such taxes may include premium taxes, personal income taxes, or other taxes levied on the Payment, Account Value, death benefit or Annuity Payments by any government entity which we determine have resulted from the establishment or maintenance of the [CPI MVA] Separate Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of Annuity Payments under this Contract.
FEES AND DEDUCTIONS. CONTRACT ASSET FEE We assess a Contract Asset Fee to compensate us for assuming certain administration expenses, expense risks and mortality risks. We deduct the fee from the variable Investment Option(s) each Valuation Period at an annual rate shown in the Specifications Page. A portion of this Contract Asset Fee may also be used to reimburse us for distribution expenses. This fee is reflected in the Net Investment Factor used to determine the value of Accumulation Units and Annuity Units of the Contract. SALES CHARGE We assess a Sales Charge to compensate us for assuming certain distribution expenses. The Sales Charge is equal to the applicable Sales Charge Percentage shown in the Specifications Page multiplied by the Payment. We deduct a Sales Charge from each Payment. The Net Payment will be applied to your Investment Account as described in the Allocation of Net Payments provision in the Payments section. In the event the Specification Page indicates the Sales Charge is based on Cumulative Value, we may reduce the Sales Charge applied, or include additional accounts in the Cumulative Value total, on a non-discriminatory basis, for those Contracts where we expect reduced distribution expenses as a result of the additional accounts. TAXES Certain taxes may be charged against your Payments (either at the time of payment or liquidation), Contract Value, payment of Death Benefit, withdrawals, or Annuity Payments, as appropriate. Such taxes may include premium taxes or other taxes levied by any government entity which we determine have resulted from the establishment or maintenance of the Variable Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of Annuity Payments under this Contract.
FEES AND DEDUCTIONS. CONTRACT ASSET FEE We assess a Contract Asset Fee to compensate us for assuming certain administration expenses, expense risks and mortality risks. We deduct the fee from the variable Investment Option(s) each Valuation Period at an annual rate shown in the Specifications Page. A portion of this Contract Asset Fee may also be used to reimburse us for distribution expenses. This fee is reflected in the Net Investment Factor used to determine the value of Accumulation Units and Annuity Units of the Contract. WITHDRAWAL CHARGE A Withdrawal Charge will be assessed on withdrawals during the Withdrawal Charge Period. The Withdrawal Charge is the Withdrawal Charge percentage multiplied by the Gross Withdrawal Amount. The Withdrawal Charge Period and Withdrawal Charge percentage are shown in the Specifications Page. A Withdrawal Charge will not apply during the Withdrawal Charge Period if the withdrawal is payment of the Death Benefit. TAXES Certain taxes may be charged against your Payments (either at the time of payment or liquidation), Contract Value, payment of Death Benefit, withdrawals, or Annuity Payments, as appropriate. Such taxes may include premium taxes or other taxes levied by any government entity which we determine have resulted from the establishment or maintenance of the Variable Account, or from the receipt by us of Payments, or from the issuance of this Contract, or from the commencement or continuance of Annuity Payments under this Contract.
FEES AND DEDUCTIONS. ANNUAL FEE To compensate us for assuming certain administrative expenses, we may charge an Annual Fee as set forth on the Specifications Page. Prior to the Maturity Date, the Annual Fee is deducted from the Account Value on each Contract Anniversary. If the Account Value is totally withdrawn on any date other than the Contract Anniversary, we will deduct the total amount of the Annual Fee from the amount paid. After the Maturity Date, the Annual Fee is deducted on a pro rata basis from each Annuity Payment.
FEES AND DEDUCTIONS. In order to conduct the business of supplementary mandatory pension insurance in PPF Doverie and to exercise its management, THE COMPANY will charge fees and make deductions as follows:
