Common use of Contract Debt Clause in Contracts

Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value — As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value plus any Loan Account Value.

Appears in 5 contracts

Sources: Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Contract (Separate Account a of Pacific Life & Annuity Co)

Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value - As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value plus any Loan Account Value. The Contract Value includes any Credit Enhancements applied to the Contract.

Appears in 1 contract

Sources: Insurance Contract (Separate Account a of Pacific Life & Annuity Co)

Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value — As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value plus any Loan Account Value.

Appears in 1 contract

Sources: Insurance Contract (Separate Account a of Pacific Life Insurance Co)