VALUATION DAY AND VALUATION PERIOD. A valuation day is any day on which the assets of the Separate Account are valued. A valuation period is a valuation day and any immediately preceding days which are not valuation days. Assets are valued as of the close of trading on the New York Stock Exchange on each day the Exchange is open. Each Division's share of amounts allocated, transferred or added to a Division or of amounts deducted, loaned, transferred or withdrawn from a Division on any day will be determined as of the end of the valuation period that contains that day.
Appears in 5 contracts
Samples: Agreement (Aerosonic Corp /De/), Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account
VALUATION DAY AND VALUATION PERIOD. A valuation day is any day on which the assets of the Separate Account are valued. A valuation period is a valuation day and any immediately preceding days which are not valuation days. Assets are valued as of the close of trading on the New York Stock Exchange on each day the Exchange is open. Each Division's share of amounts allocated, transferred or added to a Division or of amounts deducted, loaned, transferred or withdrawn from a Division Division, on any day day, will be determined as of the end of the valuation period that contains that day.
Appears in 4 contracts
Samples: Insurance Agreement (Northwestern Mutual Variable Life Account), Insurance Agreement (Northwestern Mutual Variable Life Account), Insurance Agreement (Northwestern Mutual Variable Life Account)
VALUATION DAY AND VALUATION PERIOD. A valuation day is any day on which the assets of the Separate Account are valued. A valuation period is a valuation day and any immediately preceding days which are not valuation days. Assets are valued as of the close of trading on the New York Stock Exchange on each day the Exchange is open. Each Division's share of amounts allocated, transferred or added to a Division or of amounts deducted, loaned, transferred or withdrawn from a Division on any day will be determined as of the end of the valuation period that contains that day.
Appears in 2 contracts
Samples: Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account
VALUATION DAY AND VALUATION PERIOD. A valuation day is any day on which the assets of the Separate Account are valued. A valuation period is a valuation day and any immediately preceding days which are not valuation days. Assets are valued as of the close of trading on the New York Stock Exchange on each day the Exchange is open. Each Division's share of amounts allocated, transferred or added to a Division or of amounts deducted, loaned, transferred or withdrawn from a Division on any day will be determined as of the end of the valuation period that contains that day.
Appears in 2 contracts
Samples: Agreement (Aerosonic Corp /De/), Agreement (Aerosonic Corp /De/)
