Common use of Administrative Expense Payments Clause in Contracts

Administrative Expense Payments. (a) Subject to paragraph (c) of this section, the Trust agrees to pay the Company at the end of each month an amount equal to the percentages of average daily net assets shown on Schedule A hereto for each applicable Fund during the month. (b) The Trust shall calculate and make the payment described in paragraph (a) of this section within 15 days of the end of each month without demand or notice from the Company. (c) The Company and the Trust understand that the Trust may enter into similar administrative services agreements with other insurance companies with regard to any Fund.

Administrative Expense Payments. (a) Subject to paragraph (c) of this section, the Trust Manager agrees to pay the Company at the end of each month an amount equal to the percentages of average daily net assets shown on Schedule A hereto for each applicable Fund during the month. (b) The Trust Manager shall calculate and make the payment described in paragraph (a) of this section within 15 45 days of the end of each month without demand or notice from the Company. (c) The Company and the Trust Manager understand that the Trust Manager may enter into similar administrative services agreements with other insurance companies with regard to any Fund.

Administrative Expense Payments. (a) Subject to paragraph (c) of this section, the Trust Manager agrees to pay the Company Companies at the end of each month an amount equal to the percentages of average daily net assets shown on Schedule A hereto for each applicable Fund during the month. (b) The Trust Manager shall calculate and make the payment described in paragraph (a) of this section within 15 days of the end of each month without demand or notice from the CompanyCompanies. (c) The Company Companies and the Trust Manager understand that the Trust Manager may enter into similar administrative services agreements with other insurance companies with regard to any Fund.

Administrative Expense Payments. (a) Subject to paragraph (c) of this section, the Trust Manager agrees to pay the Company at the end of each month an amount equal to the percentages of average daily net assets shown on Schedule A hereto for each applicable Fund during the month. (b) The Trust Manager shall calculate and make the payment described in paragraph (a) of this section within 15 days of the end of each month without demand or notice from the Company. (c) The Company and the Trust Manager understand that the Trust Manager may enter into similar administrative services agreements with other insurance companies Company with regard to any Fund.

Administrative Expense Payments. (a) Subject to paragraph (c) of this section, the Trust agrees to pay the Company at the end of each month quarter an amount equal to the percentages of average daily net assets shown on Schedule A hereto for each applicable Fund during the monthquarter. (b) The Trust shall calculate and make the payment described in paragraph (a) of this section within 15 days of the end of each month quarter without demand or notice from the Company. (c) The Company and the Trust understand that the Trust may enter into similar administrative services agreements with other insurance companies with regard to any Fund.