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. The Contract Value includes the value of any Credit Enhancements applied to the Contract. Credit Enhancement — An amount added to the Contract Value at the time a Purchase Payment is applied and on the first Contract Anniversary, if applicable. All Credit Enhancements will be considered earnings under the Contract. General Account — The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Investment Option — A Variable Account offered under the Contract. Loan Account — The account in which the amount equal to the principal amount of a loan and any interest accrued is held to secure any Contract Debt. Loan Account Value — The amount, including any interest accrued, held in the Loan Account to secure any Contract Debt. Net Contract Value — The Contract Value less any Contract Debt. Non-Natural Owner — A corporation or other entity that is not a (natural) person. Non-Qualified Contract — A Contract other than a Qualified Contract. Notice Date — The day on which we receive, in a form satisfactory to us, proof of death and instructions satisfactory to us regarding payment of death benefit proceeds.

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 the value of any Credit Enhancements applied to the Contract. Credit Enhancement — - An amount added to the Contract Value at the time a Purchase Payment is applied and on the first Contract Anniversary, if applicable. All Credit Enhancements will be considered earnings under the Contract. General Account — - The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Investment Option — - A Variable Account offered under the Contract. Loan Account — - The account in which the amount equal to the principal amount of a loan and any interest accrued is held to secure any Contract Debt. Loan Account Value — - The amount, including any interest accrued, held in the Loan Account to secure any Contract Debt. Net Contract Value — - The Contract Value less any Contract Debt. Non-Natural Owner — - A corporation or other entity that is not a (natural) person. Non-Qualified Contract — - A Contract other than a Qualified Contract. Notice Date — The day on which we receive, in a form satisfactory to us, proof of death and instructions satisfactory to us regarding payment of death benefit proceeds.