Common use of Acceptance Fee Clause in Contracts

Acceptance Fee. Waived The Acceptance Fee includes the review of the Second Tranche 568 Settlement Fund Custodian/Escrow Agreement, acceptance of the role as the Second Tranche 568 Settlement Fund Custodian/Escrow Agent, establishment of the Second Tranche 568 Custodian/Escrow Account(s), and receipt of funds. Annual Administration Fee: Waived The Annual Administration Fee includes the performance of administrative duties associated with the Second Tranche 568 Settlement Fund Custodian/Escrow Account including daily account management, generation of account statements to appropriate parties, and disbursement of funds in accordance with the Second Tranche 568 Custodian/Escrow Agreement. Administration Fees are payable annually in advance without proration for partial years. Out of Pocket Expenses: Waived