Administrative Services; Payments Therefor Sample Clauses

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, INVESCO AIM agrees to pay to INSURER a quarterly fee (“Quarterly Fee”) equal to a percentage of the average daily net assets of the Fund attributable to the Contracts issued by INSURER (“INSURER Fund Assets”) at the following annual rates: (b) INVESCO AIM shall calculate the Quarterly Fee at the end of each calendar quarter and will make such payment to INSURER, without demand or notice by INSURER, within 30 days thereafter, in a manner mutually agreed upon by the Parties from time to time. (c) From time to time, the Parties shall review the Quarterly Fee to determine whether it exceeds or is reasonably expected to exceed the incurred and anticipated costs, over time, of INSURER. The Parties agree to negotiate in good faith a reduction to the Quarterly Fee as necessary to eliminate any such excess or as necessary to reflect a reduction in the fee paid by the Fund to INVESCO AIM pursuant to the Master Agreement.

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, FUND agrees to pay to INSURER a quarterly fee (“Quarterly Fee”) equal to a percentage of the average daily net assets of the applicable Portfolio(s) attributable to the Contracts issued by INSURER (“INSURER Fund Assets”) at the following annual rates: (b) FUND shall calculate the Quarterly Fee at the end of each calendar quarter and will make such payment to INSURER, without demand or notice by INSURER, within 30 days thereafter, in a manner mutually agreed upon by the Parties from time to time.

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, INVESCO agrees to pay to INSURER a quarterly fee (“Quarterly Fee”) equal to a percentage of the average daily net assets of the Fund attributable to the Contracts issued by INSURER (“INSURER Fund Assets”) at the following annual rates:

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, AIM agrees to pay to INSURER a quarterly fee ("Quarterly Fee") equal to a percentage of the average daily net assets of the Fund attributable to the Contracts issued by INSURER ("INSURER Fund Assets") at the following annual rates: ANNUAL RATE TOTAL AVERAGE QUARTERLY NET ASSETS FOR ALL PORTFOLIOS ----------- ----------------------------------------------------- 0.15% Less than $50 million 0.20% $50 million but less than $150 million 0.25% $150 million or more (b) AIM shall calculate the Quarterly Fee at the end of each calendar quarter and will make such payment to INSURER, without demand or notice by INSURER, within 30 days thereafter, in a manner mutually agreed upon by the Parties from time to time. (c) From time to time, the Parties shall review the Quarterly Fee to determine whether it exceeds or is reasonably expected to exceed the incurred and anticipated costs, over time, of INSURER. The Parties agree to negotiate in good faith a reduction to the Quarterly Fee as necessary to eliminate any such excess or as necessary to reflect a reduction in the fee paid by the Fund to AIM pursuant to the Master Agreement.

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, Summit agrees to pay to INSURER a quarterly fee ("Quarterly Fee") equal to a percentage of the average daily net assets of the Fund attributable to the Contracts issued by INSURER ("INSURER Fund Assets") at the following annual rates: ANNUAL RATE TOTAL AVERAGE QUARTERLY NET ASSETS FOR ALL PORTFOLIOS

Administrative Services; Payments Therefor. (a) Insurer shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, Fund Distributor agrees to pay to Insurer a fee ("Fee") computed daily and paid monthly in arrears, equal to the following percent of the daily net asset value of the value of the shares of the Portfolios held in the subaccount of the Separate Accounts, attributable to the Contracts issued by Insurer at the following annual rates:

Administrative Services; Payments Therefor. (a) Insurance Company shall provide the administrative services set out in Exhibit B hereto, as may be amended from time to time, relating to the Funds. For such services, each Fund agrees to pay to the Insurance Company, or its designee, an annual fee (the “Fee”) equal to 0.25% of the average daily net assets of the Fund attributable to the Contracts. The parties agree that the Fee will be paid on a monthly basis. (b) The Fund shall calculate the Fee at the end of each applicable calculation period (as described above) and will make such payment to the Insurance Company, or its designee, without demand or notice from the Insurance Company, within thirty (30) days thereafter, in a manner mutually agreed upon by the parties to this Agreement from time to time.

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule B hereto and made a part hereof, as the same may be amended from time to time. For the sub-administration services set forth in Section I of Schedule B, ADVISER agrees to pay to INSURER a quarterly fee equal to an annual rate of 0.10% of the total average daily net asset values of the Portfolios ("Sub-Administration Services Fee"). For the other services set forth in Section II of Schedule B, ADVISER agrees to pay INSURER a quarterly fee equal to an annual rate of 0.05% of the total average daily net asset values of the Portfolios ("Other Services Fee" and, together with the Sub-Administration Services Fee, "Quarterly Fee"). For convenience, ADVISER shall remit all Quarterly Fees payable to INSURER, unless otherwise instructed. Notwithstanding the foregoing, ADVISER will not pay Quarterly Fees to INSURER with respect to the MainStay VP Conservative Allocation, MainStay VP Moderate Allocation, MainStay VP Moderate Growth Allocation and MainStay VP Growth Allocation Portfolios (the "Asset Allocation Portfolios") because the Asset Allocation Portfolios invest in shares of the other Portfolios. (b) ADVISER shall calculate the Quarterly Fee at the end of each calendar quarter and will make such payment to INSURER, without demand or notice by INSURER, within 30 days thereafter, in a manner mutually agreed upon by the Parties from time to time. (c) At least annually, the Parties shall review the Quarterly Fee to determine whether it is reasonable in view of the incurred and anticipated costs, over time, of INSURER. The Parties agree to negotiate in good faith a reduction or an increase to the Quarterly Fee as required by such review. (d) For purposes of this Section 1, the average daily net asset value of the shares of the Portfolios will be based on the net asset values reported by such Portfolios to INSURER or its designee. In the event there is an error in the net asset value for shares of a Portfolio on any day, ADVISER will use its best efforts to correct the net asset value as soon as practicable and to report the corrected net asset value to INSURER as soon as it is available. Pricing errors will be corrected in accordance with the error correction policy described in the Participation Agreement. The Quarterly Fee stated in this Section 1 will be based on the corrected net asset value.

Administrative Services; Payments Therefor. (a) INSURER shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, AIM agrees to pay to INSURER a quarterly fee ("Quarterly Fee") equal to a percentage of the average daily net assets of the Fund attributable to the Contracts issued by INSURER ("INSURER Fund Assets") at the following annual rates: ANNUAL RATE TOTAL AVERAGE QUARTERLY NET ASSETS FOR ALL PORTFOLIOS ----------- ----------------------------------------------------- (b) AIM shall calculate the Quarterly Fee at the end of each calendar quarter and will make such payment to INSURER, without demand or notice by INSURER, within 30 days thereafter, in a manner mutually agreed upon by the Parties from time to time. (c) From time to time, the Parties shall review the Quarterly Fee to determine whether it exceeds or is reasonably expected to exceed the incurred and anticipated costs, over time, of INSURER. The Parties agree to negotiate in good faith a reduction to the Quarterly Fee as necessary to eliminate any such excess or as necessary to reflect a reduction in the fee paid by the Fund to AIM pursuant to the Master Agreement.

Administrative Services; Payments Therefor. (a) The Adviser shall pay Insurer a fee as compensation for services performed or provided pursuant to this Agreement for the Fund, including the costs related to the office space, supplies and equipment used by personnel in providing or performing such services. (b) The Insurer shall provide the administrative services set out in Schedule A hereto and made a part hereof, as the same may be amended from time to time. For such services, the Adviser agrees to pay to the Insurer a quarterly fee (“Quarterly Fee”) set out in Schedule C hereto. (c) The Adviser shall calculate the Quarterly Fee at the end of each calendar quarter and will make such payment to Insurer within 30 days thereafter, in a manner mutually agreed upon by the Parties from time to time.