Payment of Premiums. Each Fund shall pay a portion of the premium due under the Policy derived by multiplying the premium by a fraction, (i) the denominator of which is the total net assets of all the Funds combined and (ii) the numerator of which is the total net assets of each of the Funds individually. The net assets of the classes are deemed to be represented by the net assets of their respective funds. Each of the Funds agrees that the appropriateness of the allocation of said premium will be determined no less often than annually. No adjustment of the allocation of said premium will be implemented without approval of the Boards of each of the Funds.
Appears in 25 contracts
Samples: Allocation Agreement (Voya Enhanced Securitized Income Fund), Allocation Agreement (Voya Enhanced Securitized Income Fund), Allocation Agreement (Voya PARTNERS INC)
Payment of Premiums. Each Fund shall pay a portion of the premium due under the Policy Bond derived by multiplying the premium by a fraction, (i) the denominator of which is the total net assets of all the Funds combined combined, and (ii) the numerator of which is the total net assets of each of the Funds individually. The net assets of the classes are deemed to be represented by the net assets of their respective fundsFunds. Each of the Funds agrees that the appropriateness of the allocation of said premium will be determined no less often than annually. No adjustment of the allocation of said premium will be implemented without approval of the Boards Board of each of the Funds.
Appears in 3 contracts
Samples: Allocation Agreement (Ing Vp Money Market Portfolio), Allocation Agreement (Ing Series Fund Inc), Allocation Agreement (Ing Vp Bond Portfolio)
