Examples of Computation Day in a sentence
Notwithstanding the foregoing, the agreement of the Equity Contributor in this Section 2.1(a) shall be of no force or effect, and shall not constitute an obligation of any nature, in an amount that exceeds, on each day from and after the date hereof (each, a “Computation Day”), the highest Interim Contribution Amount computed on any day during the period from the date hereof to such Computation Day.
As compensation for its services hereunder, the Evaluator shall receive against a statement therefor submitted to the Trustee monthly on or before each monthly Computation Day the amount set forth in Part II of the applicable Reference Trust Agreement.
This is because the disclosure burden for each indexed annuity on Form S–1 is likely to be lower than the existing burden per respondent on Form S–1.
On the Equity Contribution Date, the amount of the Equity Contribution required to be made shall equal the lesser of (i) the full amount of the Equity Contribution and (ii) the highest Interim Computation Amount as of any Computation Day occurring on or prior to the Equity Contribution Date.
As compensation for its services hereunder, the Evaluator shall receive against a statement therefor submitted to the Trustee monthly on or before each monthly Computation Day the amount set forth in Part II of the applicable Reference Trust Agreement, provided that if at any time the fee of the Trustee shall have been increased pursuant to Section 6.4, the compensation of the Evaluator shall at the same time be ratably increased.