Accounting Services Fees. Beginning on the Effective Date, CL shall pay to PRS an Accounting Services Fee based upon the usage by CL of PRS’s accounting systems and services. Factors for calculating usage shall include, but are not limited to, the number of personnel of CL, the number of residents, and the number of support personnel required to service CL. The Accounting Services Fee shall be determined as part of CL’s annual budget, and be paid by CL to PRS in twelve (12) month installments.
Accounting Services Fees. Dear Sirs/Madams: This revised letter, effective as of January 1, 2005, constitutes the agreement of each of Phoenix Life and Annuity Company (“PLAC”), PHL Variable Insurance Company (“PHLVIC”), Phoenix Life Insurance Company (“PLIC”) with respect to compensation to be paid to PFPC Inc. (“PFPC”) under the terms of the respective Amended and Restated Administration and Accounting Services Agreements, each dated as of March 1, 2003, by and between PFPC and each of PLAC, PHLVIC and PLIC, respectively, (each an “Agreement,” and collectively, the “Agreements”) as each Agreement may be amended from time to time. Pursuant to Section 11 of each Agreement and in consideration of the services to be provided to the respective Accounts and Subaccounts (each, as defined in each Agreement), PLAC, PHLVIC, and PLIC (for their respective Accounts .and Subaccounts) will pay PFPC an annual administration and accounting services fee to be calculated daily and paid monthly as set forth below. This revised fee letter supercedes all previous fee letters with respect to the fees set forth herein.
Accounting Services Fees. The Accounting Services Fee shall be payable in monthly installments concurrently with the delivery to Lessee of the monthly report under Section 9.03A.
