Common use of Payments to Minnesota Life Clause in Contracts

Payments to Minnesota Life. For the services described herein, Ascend agrees to pay Minnesota Life on a quarterly basis an amount that is equal, on an annual basis, to .25% of the average combined daily net assets of all the designated Portfolios of the Fund which are attributable to the Variable Contracts and part of the Plan of Distribution. The payments contemplated by this paragraph shall be calculated by Ascend at the end of each quarter and will be paid to Minnesota Life within thirty (30) days thereafter. Payment will be accompanied by a statement showing the calculation of the quarterly amount payable and such other supporting data as may be reasonably requested by Minnesota Life.

Payments to Minnesota Life. For the services described herein, Ascend Securian agrees to pay Minnesota Life on a quarterly basis an amount that is equal, on an annual basis, to .25% of the average combined daily net assets of all the designated Portfolios Funds (or designated Class thereof) of the Fund Trust which are attributable to the Variable Contracts and part of the Plan of Distribution. The payments contemplated by this paragraph shall be calculated by Ascend Securian at the end of each quarter and will be paid to Minnesota Life within thirty (30) days thereafter. Payment will be accompanied by a statement showing the calculation of the quarterly amount payable and such other supporting data as may be reasonably requested by Minnesota Life.

Payments to Minnesota Life. For the services described herein, Ascend Securian agrees to pay Minnesota Life on a quarterly basis an amount that is equal, on an annual basis, to .25% of the average combined daily net assets of all the designated Portfolios (or designated Class thereof) of the Fund which are attributable to the Variable Contracts and part of the Plan of Distribution. The payments contemplated by this paragraph shall be calculated by Ascend Securian at the end of each quarter and will be paid to Minnesota Life within thirty (30) days thereafter. Payment will be accompanied by a statement showing the calculation of the quarterly amount payable and such other supporting data as may be reasonably requested by Minnesota Life.