Net Investment Income Clause Samples
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Net Investment Income. For purposes of this Agreement the term Net Investment Income as used for the experience refund calculation in Schedule C.03 shall mean the result of: a) the amount of gross investment income earned on the segregated asset account during the month calculated in a manner consistent with the calculation of such amounts in Column 7, of Exhibit 2 of the Company's NAIC convention blank, plus, b) any realized capital gains for such month on such assets or (less) any realized capital losses for such month on such assets, less, c) the investment expenses as calculated for Exhibit 2, lines 11 and 12 of the Company's NAIC Convention Blank on such assets (except that such investment expenses shall not exceed .125%, on an annual basis of the average balance of the segregated asset account defined in Schedule D), plus, d) the amount of investment income paid to the Reinsurer by the Company on the outstanding policy loans on the policies as defined in 3.08.
Net Investment Income. The net investment income of the Fund shall consist of the aggregate of the investment income, capital gains or losses realized and unrealized, of the Fund less any investment and administration expenses charged to the Fund.
Net Investment Income. Fund Investment Income, minus Fund Operating Expenses, equals Net Investment Income. If the Fund’s Net Investment Income on any day is below zero, the Investment Adviser shall provide a routine waiver of its advisory fee or routine reimbursement of expenses in an amount (the “Expense Waiver”) sufficient to produce a Net Investment Income of zero.
Net Investment Income. “Fund Investment Income”, as defined in paragraph 1.2 below, minus “Fund Operating Expenses” as defined in paragraph 1.3 below equals Net Investment Income. If the Fund’s Net Investment Income on any day is below zero, the Investment Adviser shall waive its Advisory Fee or reimburse the Fund an amount (defined as “Expense Waiver”) sufficient to produce a Net Investment Income of zero.