Common use of Option Amount Clause in Contracts

Option Amount. B The discounted value of the remaining payments, if any, for the certain period. D The discounted value of the remaining payments, if any, for the certain period. In the case of Options B and D the discounted value will be based, for payments being made on a variable basis, on interest compounded annually at the assumed interest rate and on the assumptions that the particular Annuity Unit values applicable to the remaining payments will be the particular Annuity Unit values for the Valuation Period which ends on the day before the date of the determination and that the discounted value will remain unchanged thereafter.