Administration Expense Payments Sample Clauses

Administration Expense Payments. (a) BAL or its affiliates and/or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to basis points (%) of the average daily net assets of the equity portfolios (excluding index portfolios) that are held in Separate Accounts of Insurer. (b) BAL shall calculate the payment contemplated by this Section 1 at the end of each calendar quarter (“Quarterly Payment”). BAL will submit such payment to Insurer within a reasonable time period following the end of the quarter for which such fees are payable. Insurer will provide payment instructions (Wire/Check/ACH), account numbers, billing contact information, and other relevant information (as agreed to by the parties) (“Account Data”) and will notify BAL within five business days of any changes in the Account Data. Insurer will also notify BAL or its designee of any new accounts within five business days following the set up of any new accounts. If Insurer does not notify BAL of changes to Account Data or new accounts within the 5 business days, the fees on such accounts may be subject to nonpayment. The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement, as amended, will not be subject to fees or any additional payment arrangements with BAL or its affiliates for services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Insurer represents and warrants that they are not invoicing BAL or its affiliates for duplicative fees as described in the preceding sentence. Insurer shall have sixty (60) days from the earlier of (a) receipt of the invoice prepared by BAL or (b) from date payment is made by BAL, to request in writing additions or adjustments. After each sixty (60) day reconciliation period, any requested adjustments or payments will be at the discretion of BAL. (c) Insurer and BAL each hereby represent that the fees paid pursuant to this Agreement, as amended, are reasonable in relation to the services it provides and reasonably similar to fees it receives for equivalent services provided to other parties. From time to time, the parties shall review the Quarterly Payment to determine whether it exceeds or is reasonably expected to exceed the incurred and anticipated costs, over time, of the Insurer. The parties agree to negotiate in good faith a reduction to the Quarterly Payment as necessary to eliminate any such excess. SCHEDULE B SCHEDULE B is deleted and re...

Administration Expense Payments. (a) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Equity Portfolios, excluding Index Portfolios, that are held in Separate Accounts of Insurer listed in Schedule A of the Fund Participation Agreement(s). (b) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Fixed Income Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (c) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Index Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (d) Insurer shall calculate the payment contemplated by this Section 1 at the end of each calendar quarter (“Quarterly Payment”). BAL will submit such payment to Insurer, after the receipt of an invoice by Insurer. Please submit invoices to BAL at: ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. The invoice will be submitted on a quarterly basis in a Microsoft Excel format and include the following information: 1. The total average daily net assets during the period covered by the invoice by Fund and Share Class (ticker/CUSIP). 2. The basis point rate that applies to each account. 3. The subtotal amount due by Fund and Share Class (ticker/CUSIP). 4. The total amount due. 5. Invoice submitted on Financial Intermediary letterhead. 6. Each invoice to include an invoice number. 7. Payment instructions (Wire/Check/ACH). 8. Contact information for the Financial Intermediary. Invoices must be received in a timely manner. Any invoice which is received subsequent to 6 months after the time period covered by the invoice may be subject to non-payment. Additions or adjustments to previously received invoices submitted subsequent to 3 months after the time period covered by the invoice may also be subject to non-payment. The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement will not be subject to fees or any additional payment arrangements with BAL or its affiliates for Services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Comp...

Administration Expense Payments. In consideration of the anticipated administration expense savings resulting to the Adviser from the arrangements set forth in the Participation Agreement, the Adviser agrees to pay to the Company on a monthly basis, from the bona fide profits of the Adviser, the following amounts: A. From January 1, 2001 through June 30, 2001: o 20 basis points (0.20%) per annum for the aggregate amount invested by the Company under the Participation Agreement as of December 31, 2000 (as set forth in Schedule A thereto) (the "Year-End Amount"); and

Administration Expense Payments. (a) For existing accounts established at the Transfer Agent prior to May 01, 2010: BAL or its affiliates and/or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to 10 basis points (0.10%) of the average daily net assets of Equity Portfolios (excluding index portfolios) that are held in the Separate Accounts of Insurer listed in Schedule A of the amended Fund Participation Agreement. For new accounts established at the Transfer Agent by the Insurer after May 01, 2010: (b) BAL or its affiliates and/or, if approved by the Fund Board, the Funds shall pay Insurer an annual fee equal to 25 basis points (0.25%) of the average daily net assets of the equity portfolios (excluding index portfolios) that are held in new Separate Accounts of Insurer of the amended and restated Fund Participation Agreement. (c) BAL shall calculate the payment contemplated by this Section 1 at the end of each calendar quarter ("Quarterly Payment"). BAL will submit such payment to Insurer within a reasonable time period for which such fees are payable. (d) Insurer will provide payment instructions (Wire/Check/ACH), account numbers, billing contact information, and other relevant information (as agreed to by the parties) ("Account Data") and will notify BAL within five business days of any changes in the Account Data. Insurer will also notify BAL or its designee of any new accounts within five business days following the set up of any new accounts. If Insurer does not notify BAL of changes to Account Data or new accounts within the five business days, the fees on such accounts may be subject to nonpayment unless Insurer subsequently notifies BAL of such changes within a reasonable period of time and verifies (subject to confirmation by BAL) that payment has not otherwise been made prior to notification of the correct Account Data or new accounts. (e) The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement, as amended, will not be subject to fees or any additional payment arrangements with BAL or its affiliates for services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Insurer represents and warrants that they are not invoicing BAL or its affiliates for duplicative fees as described in the preceding sentence. (f) Insurer shall have thirty (30) days from the earlier of (a) receipt of the invoice prepared by BAL or (b) from date payme...

Administration Expense Payments. (a) In consideration of the Company’s performance of the services listed on Schedule A hereto, the Distributor agrees to pay to the Company an amount equal to 0.25 percent of the average aggregate amount invested by the Company in the Fund that are attributable to the Contracts during each calendar month (the “Administrative Services Fee”). The average aggregate amount invested in the Fund over a one (1) month period shall be computed by totaling the Company’s aggregate investment (share net asset value multiplied by total number of Shares of the Fund held by the Company) on each Business Day during the month and dividing by the total number of Business Days during such month. (b) The Company shall calculate the payment contemplated by this Section 1 at the end of each calendar month and will forward an invoice to the Distributor for payment within thirty (30) days thereafter. Such payment will be accompanied by a statement showing the calculation of the amounts to be paid by the Distributor for the relevant month and such other supporting data as may be reasonably requested by the Distributor.

Administration Expense Payments. (a) MLAM agrees to pay the Insurer an amount as identified and described on Schedule B hereto of that portion of the gross annual investment advisory fees paid by the Fund to MLAM attributable to certain investments in portfolios of the Fund by separate accounts of the Insurer. (b) the Insurer shall calculate the payment contemplated by this Section 1 at the end of each fiscal quarter and will invoice such payment to MLAM, which shall remit payment reasonably promptly thereafter.

Administration Expense Payments. (a) MLAM agrees to pay AFS an amount as identified and described on Schedule B hereto of that portion of the gross annual investment advisory fees paid by the Fund to MLAM attributable to certain investments in portfolios of the Fund by separate accounts of the Insurer. (b) MLAM shall calculate the payment contemplated by this Section 1 at the end of each fiscal quarter and will make such payment to AFS, without demand or notice by AFS, reasonably promptly thereafter.

Administration Expense Payments. (a) BAL or its affiliates shall pay the Insurer an amount equal to twenty-five basis points (0.25%) per annum of the average daily net assets of the Equity Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (b) BAL or its affiliates shall pay the Insurer an amount equal to fifteen basis points (0.15%) per annum of the average daily net assets of the Fixed Income Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (c) BAL or its affiliates shall pay the Insurer an amount equal to five basis points (0.05%) per annum of the average daily net assets of the Index or Money Market Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (d) Insurer shall calculate the payment contemplated by this Section 1 at the end of each fiscal quarter (“Quarterly Payment”). BAL will make such payment to Insurer, after the receipt of an invoice by Insurer, in a manner mutually agreed upon by the parties from time to time. (e) From time to time, the parties shall review the Quarterly Payment to determine whether it exceeds or is reasonably expected to exceed the incurred and anticipated costs, over time, of the Insurer. The parties agree to negotiate in good faith a reduction to the Quarterly Payment as necessary to eliminate any such excess.

Administration Expense Payments. (a) SBAM agrees to pay NFS an amount as identified and described on Schedule B hereto. (b) SBAM shall calculate the payment contemplated by this Section 1 at the end of each calendar quarter and will make such payment to NFS, without demand or notice by NFS, reasonably promptly thereafter. (c) The payment will be paid to NFS by electronic transfer as soon as practicable, but no later than 30 days after the end of the period in which they were earned. The payment will be paid on a quarterly basis. Such payment shall be accompanied or preceded by a statement showing the calculation of the showing the calculation of the amounts being paid by the Adviser for the relevant period and such other supporting data as may be reasonably requested by NFS. (d) The payment shall be calculated as an annualized percentage of the average aggregate amount invested in the Funds under the Contracts issued by the Variable Accounts for the applicable period. The average aggregate amount shall be computed by totaling the aggregate investment (net asset value multiplied by the total number of Fund shares held in the Variable Accounts) on each calendar day during the period and dividing it by the number of days in the period.