Calculation Losses definition

Calculation Losses means any losses suffered by a Contractowner, Third Party Administrator, Fund or Separate Account directly caused by an error in a Net Asset Value or Unit Value, or by the delivery to Lincoln Life or any Fund of a Net Asset Value or Unit Value after the applicable deadline provided for in Section 2.1; provided, however, that such losses shall not include any consequential damages.
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Examples of Calculation Losses in a sentence

  • Notwithstanding Section 7.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, Separate Account or Fund for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 7.2(a) and (b).

  • Notwithstanding ---------------------------------------------------- Section 7.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, Separate Account or Fund for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 7.2(a) and (b).

  • Notwithstanding Section 6.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator or Separate Account for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 6.2(a) and (b).

  • Notwithstanding section 7.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, Separate Account or Fund for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 7.2(a) and (b).

  • Notwithstanding Section 6.2(c), LNY may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, or Separate Account for Calculation Losses out of LNY's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 6.2(a) and (b).