Common use of Basic Premiums Clause in Contracts

Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the set of rates labeled 2001 VBT S&U ANB included at the end of this Exhibit. The Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: Standard NT Preferred NT Preferred Plus NT Standard TB Preferred TB The above rates include Table C to Standard Shaving Program. Table C to Standard Guidelines are attached at the end of this subsection. Any extra premiums payable due to additional mortality risk will be payable to the Reinsurer. Multiple extra premiums are equal to the sum of the standard premium and 25% of the standard premium for each assessed table of extra mortality There is no policy fee applicable.