Subaccount Value Clause Samples

Subaccount Value. Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: • Purchase Payments received by us, reduced by any applicable premium taxes and/or other taxes, and allocated to that Subaccount; • transfers to that Subaccount, including transfers from the Loan Account; and • additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: • transfers from that Subaccount, including transfers to the Loan Account; • withdrawals, including any applicable withdrawal charges; • amounts applied to provide for annuity payments; • annual fees; • annual charges for expenses relating to optional benefit riders attached to the Contract; and • charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount’s Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
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Subaccount Value. Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: • Purchase Payments received by us, reduced by any applicable premium taxes and/or other taxes, allocated to that Subaccount; • transfers to that Subaccount; and • additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: • transfers from that Subaccount; • withdrawals; • amounts applied to provide for annuity payments; • annual charges for expenses relating to optional benefit riders attached to the Contract; and • charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount’s Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
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Subaccount Value. Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: • Purchase Payments received by us and allocated to that Subaccount; • transfers to that Subaccount; and • additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: • transfers; • withdrawals, including any applicable withdrawal charges; • amounts applied to provide annuity payments; • annual charges for expenses relating to optional riders attached to the Contract; and • charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount’s Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
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Subaccount Value. Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: · Purchase Payments received by us, reduced by any applicable Premium Taxes and/or other taxes, and allocated to that Subaccount; · Transfers to that Subaccount, including Transfers from the loan account (if applicable); and · additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: · Transfers from that Subaccount, including Transfers to the loan account (if applicable); · Withdrawals, including Advisory Fee Withdrawals; · amounts applied to provide for annuity payments; · annual charges for expenses relating to Riders attached to the Contract; and · charges for Premium Taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount's Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a ICC24 10-1880 [9] Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
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Subaccount Value. The Owner's interest in a Subaccount. VALUATION DATE -- The Variable Account will be valued each day that the New York Stock Exchange is open for trading. VALUATION PERIOD -- The period beginning at the close of business of the New York Stock Exchange on each Valuation Date and ending at the close of business for the next succeeding Valuation Date. VARIABLE ACCOUNT -- A separate investment account of the Company designated on the Contract Data Page. VARIABLE ACCOUNT VALUE -- The sum of the Owner's interest in each of the Subaccounts of the Variable Account.
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Subaccount Value. Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: • Purchase Payments received by us and allocated to that Subaccount; • transfers to that Subaccount; and • additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: • transfers from that Subaccount; • withdrawals, including any applicable withdrawal charges; • annual charges for expenses relating to any optional benefit riders attached to the Contract; and • charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount’s Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value. ICC09:10-1169
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Subaccount Value. The value of Your interest in each Subaccount. VALUATION DATE - Each business day that applicable law requires that We value the assets of the Separate Account. Currently this is each day that the New York Stock Exchange is open for trading.
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Subaccount Value. Each Subaccount Value on any Business Day is the number of Subaccount Units in that Subaccount that are credited to your Contract on that day multiplied by the Unit Value of the Subaccount on that day. We credit your Contract with Subaccount Units for a Subaccount as a result of any portion of your Purchase Payments received by us and allocated to that Subaccount; and any transfers of your Contract Value to that Subaccount, including transfers from the Loan Account. We debit your Contract with Subaccount Units for a Subaccount as a result of any deductions from the Subaccount, including those caused by any: -- withdrawals; The number of Subaccount Units we debit or credit to your Contract in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount's Unit Value on that day. The number of your Subaccount Units in a Subaccount will change only if we debit or credit Subaccount Units for the transactions above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
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Related to Subaccount Value

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Subaccount An investment division of the Separate Account. Each Subaccount, (a “Variable Investment Option” or “Variable Account”) invests its assets in a separate series or class of shares of a designated investment company.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Individual Account An individual account is an account owned by you alone, which you as the account owner use during your lifetime.