Adjusted Current Value. The Current Value of an Account plus or minus any aggregate AG Account MVA, if applicable. (See 1.22)
Adjusted Current Value. The Current Value of an Account plus or minus any aggregate AMG Account MVA, if applicable. (see 1.22)
Adjusted Current Value means, as of any date with respect to any Income-Producing Project, (i) if such Project has been owned by one or more members of the Consolidated Group for at least one full Fiscal Quarter for which financial results have been reported, the Adjusted NOI for such Project divided by the Capitalization Rate or (ii) if such Project has not been so owned for a full Fiscal Quarter, the purchase price paid for such Project, net of fees and closing costs.
Examples of Adjusted Current Value in a sentence
A Surrender Fee will not be deducted from the Adjusted Current Value.
Certificate Holder is not the Annuitant: The death benefit amount is the Account's Adjusted Current Value on the claim date.
Surrender requests can be submitted as a percentage of the Account's Adjusted Current Value or as a specific dollar amount.
The Certificate Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 2, 3, or 4 (see 4.07).
Otherwise, the death benefit will be the Adjusted Current Value of the Account determined as of the claim date.
More Definitions of Adjusted Current Value
Adjusted Current Value. The Current Value of a Contract plus or minus any aggregate ALIAC Guaranteed Account MVA, if applicable. (See 1.21)
Adjusted Current Value. The Current Value of a Contract plus or minus any aggregate AMG Account MVA, if applicable. (see 1.20)
Adjusted Current Value. The Current Value (See 1.09) of an Individual Account (See 1.19 and 3.01) plus or minus any applicable aggregate GA Account Market Value Adjustment, if applicable (See 3.08).
Adjusted Current Value. The Current Value (See 1.12) of an Individual Account (See 1.19) plus or minus any applicable aggregate GA Account Market Value Adjustment. (See 3.07).
Adjusted Current Value means, for any Asset, as of any date, the Net Operating Income for such Asset as of such date divided by the Applicable Cap Rate; provided, however, that if the Agent has not received quarterly operating statements for such Asset for each of the immediately preceding four calendar quarters (whether because the Company has owned such Asset for less than four calendar quarters, or otherwise), then the "Adjusted Current Value" for such Asset shall be the lesser of (a) the Adjusted Current Value as calculated above, or (b) the purchase price paid by the Company upon acquiring such Asset, net of all brokerage commissions, finder's fees and other closing costs or expenses incurred by the Company in connection with the acquisition of such Asset.
Adjusted Current Value means, for any Asset, as of any date, the Net Operating Income for such Asset as of such date DIVIDED BY the Applicable Cap Rate; provided, however, that if the Agent has not received quarterly operating statements for such Asset for each of the immediately preceding four calendar quarters (whether because the Company has owned such Asset for less than four calendar quarters, or otherwise), then the "Adjusted Current Value" for such Asset shall be the LESSER of (a) the Adjusted Current Value as calculated above, or (b) the purchase price paid by the Company upon acquiring such Asset, net of all brokerage commissions, finder's fees and other closing costs or expenses incurred by the Company in connection with the acquisition of such Asset.
Adjusted Current Value means, for any Property, as of any date, the quotient of (a) Net Operating Income for such Property for the immediately preceding four calendar quarters divided by (b) the Applicable Cap Rate; provided, however, that (i) if a Property has been owned by a Combined Party for less than one full calendar quarter or is a Development Property, then the Adjusted Current Value for such Property shall equal the purchase price paid by the applicable Combined Party (or by any predecessor thereto) upon acquiring such Property, net of all brokerage commissions, finder’s fees and other closing costs or expenses incurred by such Combined Party in connection with the acquisition of such Property and (ii) if a Property has been owned by a Combined Party for less than four full calendar quarters but more than one full calendar quarter, then the Adjusted Current Value for such Property shall equal (A) Net Operating Income for such Property for the most recently ended calendar quarter multiplied by four (subject to the definition of Net Operating Income) divided by (B) the Applicable Cap Rate.