Account Valuation. For purposes of computing the Asset-based Fee on an Account, Sponsor will determine the value of your Account assets, which includes cash held in your Sweep Program, in good faith to reflect their estimated fair market value. You understand and acknowledge that Sponsor may rely on a third-party pricing service to make these valuation determinations. If a daily value is not available, the most recent valuation will be used.
Account Valuation. For purposes of calculating investment advisory fees, securities in the Account that are listed on a national securities exchange or on NASDAQ at the closing price will be valued on the valuation date, on the principal market where the securities are traded. Other securities or investments in the Account will be valued in a manner that AEWM and its service provider(s) believe in good faith reflects the fair market value.
Account Valuation. Manager will value the securities in the Account using independent pricing sources. All securities in the Account that are listed and traded on a national securities exchange or on NASDAQ shall be valued on the valuation date at the closing price on the principal market where the securities are traded. All other securities shall be valued in accordance with any reasonable valuation method selected by Manager, consistent with industry accepted practices. While Manager does its best to obtain representative market prices for all securities in the Account, such prices do not always reflect the price actually received or paid on the open market.
Account Valuation. Manager will value the securities in the Account that are listed and traded on a national securities exchange or on NASDAQ on the valuation date at the closing price on the principal market where the securities are traded. Where the market value of any security is not readily available, Client and the Manager will each choose one broker-dealer and the market value will be deemed to be the average of the values determined by the two broker-dealers.
Account Valuation. The value of any securities denominated in currencies other than US dollars will be translated into dollars at the prevailing market rates as determined by EFI, which determination Client hereby confirms will be final. In computing the market value of any security or other investment in the Account, each security listed on a national securities exchange will be valued, as of the valuation date, at the closing price on the principal exchange on which it is traded. Any other security or investment in the Account will be valued in a manner determined in good faith by EFI to reflect fair market value, which determination Client hereby confirms will be final.
Account Valuation. In computing the market value of any investment of the Account, the securities in the Account listed on a national securities exchange or otherwise subject to current last sale reporting shall be valued at the amount reported on the statement that CLIENT receives from the Custodian. Such securities which are not traded nor subject to last sale reporting shall be valued at the latest available bid price reflected by quotations furnished to PROFI by such sources as it may deem appropriate. Any other security shall be valued in such manner as shall be determined in good faith by PROFI and CLIENT to reflect fair market value.
Account Valuation. For the purposes of computing the Fees, or for any other reason, the market value of the Client Account (the "Client Account Value") shall be determined by the market value of the securities in the Client Account as quoted on the National Securities Exchange as of the date of valuation based upon the closing price of each security on the principle exchange on which they are traded, plus cash, accrued interest, accrued dividends and any other assets in the Client Account. Any other securities or investments in the Client Account shall be valued at fair market value.
Account Valuation. Manager will value the securities in the Account using independent pricing sources. Securities shall be valued in accordance with any reasonable valuation method selected by Manager, consistent with industry accepted practices. While Manager does its best to obtain representative market prices for all securities in the Account, such prices do not always reflect the price actually received or paid on the open market.
Account Valuation. As of each Valuation Date, each Participant Account balance shall be adjusted as follows: (a) the Account balance shall be increased by the amount of contributions allocated to the Participant and by the amount of income or gain of the Trust funds allocable to the Account since the prior Valuation Date; (b) the Account balance shall be decreased by the amount of distributions allocable to the Participant and all expenses and losses allocable to the Account since the prior
Account Valuation. The value in the Separate Account is the sum of the values in each of the variable Investment Options. The account value increases or decreases daily depending on the investment experience of the Investment Options to which the amounts are allocated at the direction of the Owner. No minimum amount of account value is guaranteed. The Owner bears the investment risk for the portion of the Cash Value allocated to the Separate Account. An experience factor for each variable Investment Option is determined using the net gain or loss per share, any charges for Our taxes or reserves on taxes, and any Mortality and Expense charge. The Mortality and Expense charge is determined daily from the value of the variable Investment Option {and the Fixed Account} and will not exceed .90% on an annual basis. On the Investment Start Date, the value in each variable Investment Option is the portion of the initial Net Premium paid and allocated to the Investment Option less the portion of the first Monthly Deduction charged to the Investment Option. GDG-GVUL-0014 [14-GVUL] Ed 98-3 Printed in U.S.A. GROUP VARIABLE UNIVERSAL LIFE INSURANCE LIFE INSURANCE BENEFIT -- CONTINUED On any Valuation Date after the Investment Start Date, the value of each variable Investment Option is the sum of items in column A minus the sum of items in Column B:
