Account Values definition

Account Values. A memorandum account will be established for each Tranche (each an “NAV Account”), each with a Beginning of Period (“BOP”) Account Value and an End of Period (“EOP”) Account Value to be determined as follows: · For each NAV Account’s first Calculation Period, the BOP Account Value will equal the initial investment amount of the Tranche. · For all Calculation Periods, the EOP Account Value will equal: o the NAV of the NAV Account at the end of the Calculation Period prior to the payment of any Performance Fee, minus o the deduction of all fees and expenses (as noted above in Compensation). · For an NAV Account’s subsequent Calculation Period, the BOP Account Value will equal: o the NAV of the NAV Account as of the last day of such prior Calculation Period minus o the dollar amount of the Performance Fee calculated for that Calculation Period, if any (and after withdrawals, if any). · In the event of a partial withdrawal from a Tranche, the BOP Account Value for the remaining Managed Assets in such Tranche for the Calculation Period in which the withdrawal occurred will be adjusted by multiplying the BOP Account Value of such NAV Account by (a) one (1), minus (b) a fraction, in which the numerator is the dollar amount of the withdrawal and the denominator is the NAV of the Managed Assets attributable to that Tranche on the date of, but prior to, the withdrawal. BOP Account Value = (NAVt) * (1-Withdrawal/NAVt-1)
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Account Values means the account value, as defined in the Reinsured SPDAs, which is not reduced for surrender charges.
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Account Values means the Policies’ respective account values, as defined in the Policies.
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Examples of Account Values in a sentence

  • Reserve Report showing the statutory reserves, Account Values and Surrender Value.

  • CONTRACT VALUE Your Contract Value is equal to the total of your Investment Account Values and, if applicable, any amount in the Loan Account attributable to the Contract.

  • As of the end of any Business Day, the sum of the Account Values.

  • Account Values under the Fixed Option are held in our General Account.

  • The Ceding Company will automatically cede and the Reinsurer will accept as reinsurance the guaranteed minimum death benefit (GMDB) liabilities in excess of contract Account Values, as set forth herein, associated with variable annuity products Outlook, Core, Access, Plus and Edge and written by the Ceding Company using the Contract Forms listed in Schedule A.

  • You may request to have your related Advisory Accounts combined for billing purposes so that each Account will pay a Fee that is calculated on the basis of the aggregate “Relationship Value” (that is, the combined Account Values, minus any non-billable assets held in the Accounts of all related Advisory Accounts).

  • In no event will the sum of the Investment Account Values for all fixed Investment Options be less than the Minimum Investment Account Value.

  • It is based on a series of calculations of Account Values on Contract Anniversaries, premium payments and partial surrenders.

  • Beginning policy year two and for as long as the policy is in force, you shall receive a percentage of Policy Account Values (as valued on the last day of each month) less outstanding policy loans if any.

  • Account Values invested in certain investment options may not be available for rebalancing under this program.