Interest on Accrued for Expense Allowance. On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “Accrued for Expense Allowance Recognized in Reserves” (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasury rate + 75 basis points] will be shown as a credit to the Company on the Accountings.
Appears in 2 contracts
Samples: Modified Coinsurance Agreement, Modified Coinsurance Agreement (ING U.S., Inc.)
Interest on Accrued for Expense Allowance. On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “month" Accrued for Expense Allowance Recognized in Reserves” " (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10l0-year Treasury Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.
Appears in 1 contract
Samples: Modified Coinsurance Agreement (Ing Life Insurance & Annuity Co)
Interest on Accrued for Expense Allowance. On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “month" Accrued for Expense Allowance Recognized in Reserves” " (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10IO-year Treasury Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.
Appears in 1 contract
Samples: Modified Coinsurance Agreement (Ing Life Insurance & Annuity Co)
Interest on Accrued for Expense Allowance. On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “Accrued for Expense Allowance Recognized in Reserves” (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasury Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.
Appears in 1 contract
Interest on Accrued for Expense Allowance. On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “"Accrued for Expense Allowance Recognized in Reserves” " (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasury Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.
Appears in 1 contract
