Administrator’s Fee. The Trust shall pay to the Administrator compensation at the annual rate specified in Schedule C to this Agreement until this Agreement is terminated in accordance with Article 7. Such compensation shall be calculated and accrued daily, and paid to the Administrator monthly. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, the Administrator's compensation for that part of the month in which this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of the Administrator's compensation for the preceding month shall be made promptly.
Appears in 10 contracts
Sources: Administration and Transfer Agency Agreement (Sei Liquid Asset Trust), Administration and Transfer Agency Agreement (Sei Asset Allocation Trust), Administration and Transfer Agency Agreement (Sei Insurance Products Trust)