ASSET FEE PURCHASE PRICE Sample Clauses

ASSET FEE PURCHASE PRICE. The "Asset Fee Purchase Price" shall be the sum ------------------------- of (i) fifty percent (50%) of the present value, discounted at a rate of 9 percent per annum, of all Trail Commissions thereafter payable by Product Providers on the then existing Current Annuity Block and the then existing ISS Block using an estimated remaining life of 15 years for such assets and (ii) fifty percent (50%) of the present value, discounted at the rate of 9 percent per annum, of all Trail Commissions thereafter payable by mutual fund Product Providers on the then existing Current Mutual Fund Block using an estimated remaining life of 5 years for such mutual fund assets. For purposes of the Current Block of First Funds, "fifty percent (50%) of the Trail Commissions payable by mutual fund Product Providers" shall mean 12.5 basis points. If the parties cannot agree on such present value then it will be determined by an independent actuarial consultant to be chosen by FTB and JMC with the cost of such consultant to be borne 50% by each; provided, however, that the actuary may ------------------ not vary the above assumptions concerning the 9 percent discount rate or the remaining life of the assets being valued.