CONTRACT FEE. On each contract anniversary prior to the Maturity Date, a Contract Fee will be charged for administrative expenses. The amount of the Contract Fee is shown on page 4. The Contract Fee will be deducted from the Investment Accounts in proportion to the Accumulation Value of the Investment Accounts. The Contract Fee deducted from the Guaranteed Interest Fund will not exceed the sum of:
Appears in 14 contracts
Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)
CONTRACT FEE. On each contract anniversary prior to the Maturity Date, a Contract Fee will be charged for administrative expenses. The amount of the Contract Fee is shown on page 4. The Contract Fee will be deducted from the Investment Accounts in proportion to the Accumulation Value of the Investment Accounts. The effective date of the Contract Fee deducted from will be the Guaranteed Interest Fund contract anniversary. However, if the New York Stock Exchange is closed on the contract anniversary, the effective date will not exceed be the sum of:next following Valuation Date.
Appears in 4 contracts
Sources: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)