Common use of The Support Payments Clause in Contracts

The Support Payments. The Support Payments to be made by Lord Xxxxxx to the Company shall be as follows: (a) Lord Xxxxxx shall make quarterly Support Payments to the Company in an amount equal to an annualized fee of % (basis points) of the average daily net assets of Class VC shares of each Fund held by the Accounts on behalf of the Contract Owners and maintained by the Company in an omnibus environment (“Qualifying Shares”). The Support Payments shall be calculated for quarters ending on the last days of March, June, September and December. (b) Lord Xxxxxx shall calculate the Support Payments due to the Company no later than 30 calendar days after the end of each of the quarterly periods referenced in Section 2(a) above. (c) Lord Xxxxxx shall make the Support Payment to the Company within 30 days after calculating the amount of such Support Payment; provided, however, if the Company identifies what it believes may be an error in the calculation of a quarterly Support Payment, the Company shall promptly bring such error to the attention of Lord Xxxxxx, and Lord Xxxxxx and the Company shall promptly negotiate in good faith to determine the proper calculation of such quarterly Support Payment. (d) In addition to the foregoing Support Payments, and on a case-by-case basis as may be agreed upon from time to time by the Company and Lord Xxxxxx, Lord Xxxxxx may reimburse the Company for Lord Xxxxxx’x participation in specific internal events sponsored by the Company, such as training or educational seminars, conferences and meetings, provided that, in all cases, such payments are consistent with applicable rules and procedures.

The Support Payments. The Support Payments to be made by Lord Xxxxxx to the Company shall be as follows: (a) Lord Xxxxxx shall make quarterly Support Payments to the Company in an amount equal to an annualized fee of % (( basis points) of the average daily net assets of Class VC shares of each Fund held by the Accounts on behalf of the Contract Owners and maintained by the Company in an omnibus environment (“Qualifying Shares”). The Support Payments shall be calculated for quarters ending on the last days of March, June, September and December. (b) Lord Xxxxxx shall calculate the Support Payments due to the Company no later than 30 calendar days after the end of each of the quarterly periods referenced in Section 2(a) above. (c) Lord Xxxxxx shall make the Support Payment to the Company within 30 days after calculating the amount of such Support Payment; provided, however, if the Company identifies what it believes may be an error in the calculation of a quarterly Support Payment, the Company shall promptly bring such error to the attention of Lord Xxxxxx, and Lord Xxxxxx and the Company shall promptly negotiate in good faith to determine the proper calculation of such quarterly Support Payment. (d) In addition to the foregoing Support Payments, and on a case-by-case basis as may be agreed upon from time to time by the Company and Lord Xxxxxx, Lord Xxxxxx may reimburse the Company for Lord Xxxxxx’x participation in specific internal events sponsored by the Company, such as training or educational seminars, conferences and meetings, provided that, in all cases, such payments are consistent with applicable rules and procedures.