Common use of Initial Termination Amount Clause in Contracts

Initial Termination Amount. The Initial Termination Amount shall be an amount (as determined by PLL acting in good faith), as at the Quarter Date immediately preceding the Termination Date (or if not yet calculated an estimated roll-forward from the next preceding Quarter Date), equal to: A + B + C, where A = 10% of PLL's With-Profits BEL in respect of the Reinsured Liabilities; B = 10% of PLL's Non-Profit BEL in respect of the Reinsured Liabilities; and C = 10% of any Accounting Liabilities held by PLL in respect of the Reinsured Liabilities, to the extent those liabilities would fall to PLAE as a result of the termination, but only to the extent not already captured by A or B above (for the avoidance of doubt, including any amounts owed to the custodian of the Custodian Accounts or any other third party).

Initial Termination Amount. The Initial Termination Amount shall be an amount (as determined by PLL acting in good faith), as at the Quarter Date immediately preceding the Termination Date (or if not yet calculated calculated, an estimated roll-forward from the next preceding Quarter Date), equal to: A + B + C, where A = 10% of PLL's With-Profits BEL in respect of the Reinsured Liabilities; B = 10% of PLL's Non-Profit BEL in respect of the Reinsured Liabilities; and C = 10% of any Accounting Liabilities held by PLL in respect of the Reinsured Liabilities, to the extent those liabilities would fall to PLAE as a result of the termination, but only to the extent not already captured by A or B above (for the avoidance of doubt, including any amounts owed to the custodian of the Custodian Accounts or any other third party).

Initial Termination Amount. The Initial Termination Amount shall be an amount (as determined by PLL acting in good faith), as at the Quarter Date immediately preceding the Termination Date (or if not yet calculated an estimated roll-forward from the next preceding Quarter Date), equal to: A + B + CC , where A = 10% of PLL's With-Profits BEL in respect of the Reinsured Liabilities; B = 10% of PLL's Non-Profit BEL in respect of the Reinsured Liabilities; and C = 10% of any Accounting Liabilities held by PLL in respect of the Reinsured Liabilities, to the extent those liabilities would fall to PLAE as a result of the termination, but only to the extent not already captured by A or B above (for the avoidance of doubt, including any amounts owed to the custodian of the Custodian Accounts or any other third party).