NET ASSET VALUE PER SHARE. All subscriptions and sales of a Class’s shares by the Distributor hereunder shall be at the net asset value per share of the respective Class in accordance with the provisions of the Declaration of Trust and By-laws of each of the Trusts and the applicable then-current prospectus and statement of additional information (“Prospectus”) of the relevant Portfolio.
NET ASSET VALUE PER SHARE. The market value of a Fund share calculated each day by taking the closing market value of all securities owned, adding the value of all other assets (such as cash), subtracting all liabilities, and then dividing the result (total net assets) by the number of shares outstanding.
NET ASSET VALUE PER SHARE. The net asset value of each share of a series as of any particular time shall be the quotient obtained by dividing the value of the net assets of the Trust allocated to such series by the total number of shares of such series outstanding, rounded to such extent as the Board of Trustees shall determine from time to time.
NET ASSET VALUE PER SHARE. The net assets of a Variable Fund divided by the number of shares in the Variable Fund. NET PURCHASE PAYMENT. The gross amount of a Purchase Payment less any Premium Taxes deducted at the time a Purchase Payment is made.
NET ASSET VALUE PER SHARE. Shares of each Fund sold under this contract shall be sold only at the Offering Price in effect at the time of such sale, as described in the then-current Prospectus and Statement of Additional Information of each Fund as the same may be supplemented from time to time, and each Fund shall receive not less than the full net asset value thereof. Any front-end sales charge payable upon purchases and any contingent deferred sales charge ("CDSC") payable on redemptions shall be retained by you, it being understood that such amounts will not exceed those set forth in each Fund's then-current Prospectus. You may re-allow to dealers all or any part of these sales charges. Any reference to "net asset value per share" shall refer to each Fund's net asset value per share computed in accordance with the Trust's Agreement and Declaration of Trust, each Fund's then-current Prospectus and Statement of Additional Information and the instructions of the Board, all as changed or amended from time to time. The Trust or the investment adviser will advise you as promptly as practicable of each Fund's net asset value per share on each day on which it is determined.
NET ASSET VALUE PER SHARE. Shares of each Fund sold under this Agreement shall be sold only at the offering price in effect at the time of such sale, as described in the then-current Prospectus and Statement of Additional Information of each Fund, and each Fund shall receive not less than the full net asset value thereof. Any front-end sales charge payable upon purchases and any contingent deferred sales charge ("CDSC") payable upon redemptions shall be retained by you, it being understood that such amounts will not exceed those set forth in each Fund's then-current Prospectus. You may re-allow to dealers all or any part of these sales charges. Any reference to "net asset value per share" shall refer to each Fund's net asset value per share computed in accordance with the Trust's Agreement and Declaration of Trust, each Fund's then-current Prospectus and Statement of Additional Information and the instructions of the Trustees, all as amended from time to time. The Trust or its agent will advise you as promptly as practicable of each Fund's net asset value per share on each day on which it is determined.
NET ASSET VALUE PER SHARE. The market value of a Fund or Series share calculated each day by taking the closing market value of all securities owned, adding the value of all other assets (such as cash), subtracting all liabilities, and then dividing the result (total net assets) by the number of shares outstanding.
NET ASSET VALUE PER SHARE. The value of a Fund or Series share calculated in accordance with the Fund's or Series' prospectus.
NET ASSET VALUE PER SHARE. The market value of a Fund share calculated each day. NON-NATURAL PERSON -- A trust, corporation, partnership, or association. NOTICE, ELECTION OR REQUEST -- A Notice, Election or Request to Us is any form of communication providing information, either in writing, or another manner acceptable to Us. Such communication must be received in Our Administrative Office in Good Order and must include all required information necessary to be processed by Us. To be effective for any Valuation Date, a Notice, Election or Request must be received in Good Order prior to the end of that Valuation Date. Any Notice from Us to the Owner or any other person, is a communication either in writing, or another manner acceptable to Us, to such person at the most recent address shown in Our records. A Notice, Election or Request is not binding on any payment or action We make before receiving such communication at Our Administrative Office in Good Order. OWNER -- The Natural Person, two Natural Persons or entity who exercises rights of ownership under this Contract. If two Natural Persons are named as Owner, all references to Owner means joint Owner. The Owner(s) is shown on the Contract Specifications. PURCHASE PAYMENTS -- Amounts paid into this Contract by the Owner.
NET ASSET VALUE PER SHARE. The net asset value of each Share of each Series as of any particular time shall be the quotient obtained by dividing the value of the net assets of such Series (determined in accordance with Section VII.3.
