Administration Fee Waiver Clause Samples
An Administration Fee Waiver clause specifies that certain administrative fees, which would normally be charged under the agreement, are reduced or eliminated. In practice, this clause may apply to setup fees, processing charges, or other routine administrative costs, and it can be limited to a specific period or set of circumstances. Its core function is to provide financial relief to one party by waiving fees that might otherwise be a barrier to entering or continuing the contractual relationship.
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Administration Fee Waiver. To the extent that the aggregate administration fee payable by the Trust, on behalf of the Funds, in any fiscal year exceeds .1460%, the Advisor will waive the Trust's administration fees under the Touchstone Administration Agreement so that the net annual administration fees payable by the Trust, on behalf of each Fund, will not exceed .1460%.
Administration Fee Waiver. For each Fund set forth on Schedule A, the Adviser will waive a portion of the payable under the Administration Agreement with respect to each Fund in the amount set forth on Schedule A, which amount is expressed as an annual rate of the average daily net assets of the Fund.