Account Servicing Fee Clause Samples
The Account Servicing Fee clause establishes the obligation for one party to pay a recurring fee for the ongoing management and maintenance of an account. Typically, this fee is charged on a regular basis—such as monthly or annually—and covers services like account administration, customer support, and transaction processing. By clearly defining the fee structure and payment terms, this clause ensures transparency in costs and helps prevent disputes over service charges.
Account Servicing Fee. As compensation for services to be rendered under this Agreement, MP Securities shall be entitled to receive from the Company an account servicing fee (“Account Servicing Fee”) specified in Exhibit A which is hereby incorporated by reference. The Company may, in its sole discretion, change the Account Servicing Fee payable for the sale of any Certificate, Certificate Category or Certificate Category Series at anytime, or from time to time, so long as the total Account Servicing Fee payable on the Certificates (including the 1.5% Sales Commission paid on the purchase) does not exceed 5.5% after giving effect to any such change. The foregoing notwithstanding, however, no change of the Account Servicing Fee amount shall apply to a Certificate sale that occurs prior to the time Company gives notice of such change to MP Securities.
Account Servicing Fee. Borrower, jointly and severally with Affiliated Borrower, shall pay Lender monthly, on the first day of each month during the initial and each renewal Term an Account Servicing Fee for the immediately preceding month (or part thereof) in the amount set forth in Section 10.4(e).
Account Servicing Fee. Monthly, on the first day of each month during the initial and each renewal Term an Account Servicing Fee for the immediately preceding month (or part thereof) in the amount set forth in Section 10.3(e).
Account Servicing Fee. Borrower shall pay to Lender an account servicing fee in an amount equal to $1,000 on or before the first (1st) day of each calendar month, in respect of Lender's services for the preceding calendar month, during the term, including all renewal terms, of this Agreement or so long as any of the Obligations are outstanding.
Account Servicing Fee. The Fund and the Distributor represent, warrant and agree that the Account Servicing Fee payable to the Distributor as described in the Prospectus for the Fund and as provided for under the Underwriting Agreement is, and at all times during the Term of this Agreement will be, computed monthly at an annual rate of 0.50% of the net asset value of each shareholder’s Shares (after crediting or debiting any increase or decrease in net asset value for the applicable period but prior to reduction for (i) any repurchase payments to be paid in respect of a repurchase date that is as of such date, (ii) any distributions to be paid as of such date (including any distributions paid in respect of dividends declared by the Fund in the preceding fiscal period) or (iii) investment management fees, Distribution Fees or Account Servicing Fees assessed as of such date) (such fee, the “Account Servicing Fee”).
Account Servicing Fee. The Borrower shall pay to the Lender an Account Servicing Fee of $20,000.00. The Account Servicing Fee shall be paid in two equal installments. The first installment shall be due February 16, 1999. The second installment shall be due January 31, 2000.