Value of Accumulation Units. The value of an Accumulation Unit in each Investment Account was established at $1.00 as of April 12, 1990. The value of an Accumulation Unit in each Investment Account as of any Valuation Period thereafter is equal to the dollar value of one Accumulation Unit in that Investment Account as of the immediately preceding Valuation Period multiplied by the Net Investment Factor, as defined in Section 5.4, for that Investment Account for the current Valuation Period. The value of an Accumulation Unit for each Investment Account shall be determined for each Valuation Period before giving effect to any additions, withdrawals, or transfers. After such determination, the additions, withdrawals, or transfers which are effective as of that day shall then be made.
Appears in 11 contracts
Samples: Aul American Unit Trust, Aul American Unit Trust, Aul American Unit Trust
