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Variable Separate Account Assets definition

Variable Separate Account Assets means the assets held in the Variable Separate Account.
Variable Separate Account Assets means the assets held in the Variable Separate Account. “Variable Separate Account Liabilities” means for the Variable Separate Account(s), all liabilities, reserves, obligations, costs and expenses relating to, based upon or arising out of the Policies, and relating to the Variable Separate Account Assets, provided, however, that the Variable Separate Account Liabilities shall not include the General Account Liabilities, Declared Rate Separate Account or the Risk Control Separate Account Liabilities. “VSA Accumulated Value” shall have the meaning set forth in Section 3.1(b) hereof. “VSA Earnings Credit” shall have the meaning set forth in Section 3.3 hereof. “VSA Payable Liability” shall have the meaning set forth in Section 3.4 hereof. “VSA Valuation Adjustment” shall have the meaning set forth in Section 3.2 hereof.

Examples of Variable Separate Account Assets in a sentence

  • The Company shall own and control all Variable Separate Account Assets in a VSA and all reserves related thereto shall remain in a VSA.

  • On a quarterly basis, or more frequently as mutually agreed by the parties, the Company will compute the investment earnings credit on a VSA (the “VSA Earnings Credit”), as determined in accordance with Schedule 3.3. The VSA Earnings Credit, whether positive or negative, reflects the change in value of the Variable Separate Account Assets, net of cash flows between a VSA and the General Account, and shall be included as part of the calculation of the periodic payment as provided for in Section 5.2.

  • On a quarterly basis, or more frequently as mutually agreed by the parties, the Company will compute the investment earnings credit on a VSA (the "VSA Earnings Credit"), as determined in accordance with Schedule 3.3. The VSA Earnings Credit, whether positive or negative, reflects the change in value of the Variable Separate Account Assets, net of cash flows between a VSA and the General Account, and shall be included as part of the calculation of the periodic payment as provided for in Section 5.2.

  • On a quarterly basis, or more frequently as mutually agreed by the parties, the Company will compute the investment earnings credit on the VSA (the “VSA Earnings Credit”), as determined in accordance with Schedule 3.3. The VSA Earnings Credit, whether positive or negative, reflects the change in value of the Variable Separate Account Assets, net of cash flows between the VSA and the General Account, and shall be included as part of the calculation of the periodic payment as provided for in Section 5.2.

  • The Company shall own and control all Variable Separate Account Assets in the VSA and all reserves related thereto shall remain in the VSA.

Related to Variable Separate Account Assets

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Holding Account means an account:

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.