BASIS OF COMPUTATION definition

BASIS OF COMPUTATION. All values are based on the applicable (male or female, smoker or non-smoker) Commissioners 1980 Standard Ordinary Mortality Table, Age Last Birthday. POLICY COST FACTORS MONTHLY DEDUCTION: Each monthly date, we will make certain deductions from the cash value of your policy. The monthly deduction is for:
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BASIS OF COMPUTATION. All values are based on the applicable (male or female, smoker or non-smoker) Commissioners 1980 Standard Ordinary Mortality Table, Age Nearest Birthday. POLICY COST FACTORS Monthly Deduction: Each monthly date, we will make certain deductions from the cash value of your policy. The monthly deduction is for the cost of insurance for the following month. The first monthly deduction will be determined as of the policy date. The monthly deduction will be deducted on a pro-rata basis from the cash surrender value allocated to the subaccounts and any fixed accounts based on the proportion of the cash value that is attributable to each subaccount and any fixed accounts.
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Related to BASIS OF COMPUTATION

  • Balance Computation Method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.

  • Computation Date is defined in Section 2.04.

  • Fixed GAAP Terms (a) the definitions of the terms “Capitalized Lease Obligation,” “Consolidated Depreciation and Amortization Expense,” “Consolidated Interest Expense,” “Consolidated Net Income,” “Consolidated Tangible Assets,” “Consolidated Working Capital,” “EBITDA,” “ECF CNI,” “Excess Cash Flow,” “Fixed Charge Coverage Ratio,” “Fixed Charges,” “Funded Debt,” “Indebtedness,” “Investments,” “Net Income,” “Senior Secured Indebtedness” and “Senior Secured Indebtedness to EBITDA Ratio,” (b) all defined terms in this Agreement to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions, and (c) any other term or provision of this Agreement or the other Loan Documents that, at the Borrower’s election, may be specified by the Borrower by written notice to the Administrative Agent from time to time.

  • Accounting Methodology means GAAP, and to the extent consistent with GAAP, the accounting principles, methods and practices utilized in preparing the Financial Statements, applied on a consistent basis.

  • Computation Day and "Record Date" shall mean 10, 10, 10, and 10.