Common use of Account Servicing Fee Clause in Contracts

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. ​

Appears in 2 contracts

Samples: Managing Broker Agreement (Ministry Partners Investment Company, LLC), Managing Broker Agreement (Ministry Partners Investment Company, LLC)

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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 CertificateNote, Certificate Note Category or Certificate Note Category Series at anytime, or from time to time, so long as the total Account Servicing Fee payable on the Certificates Notes (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 Note sale that occurs prior to the time Company gives notice of such change to MP Securities. 

Appears in 2 contracts

Samples: Managing Broker Agreement (Ministry Partners Investment Company, LLC), Managing Broker Agreement (Ministry Partners Investment Company, LLC)

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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 CertificateNote, Certificate Note Category or Certificate Note Category Series at anytime, or from time to time, so long as the total Account Servicing Fee payable on the Certificates Notes (including the 1.51% 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 Note sale that occurs prior to the time Company gives notice of such change to MP Securities. 

Appears in 1 contract

Samples: Managing Broker Agreement (Ministry Partners Investment Company, LLC)

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