Common use of Affiliate Fee Clause in Contracts

Affiliate Fee. 2.3.1. The Administrator shall pay the Affiliate Fee to the Affiliate for the Services it provided. The Affiliate Fee payable to the Affiliate shall be calculated in accordance with the Compensation Plan set out in the Affiliate Section. The said payment shall be paid to the Affiliate in accordance with Section 5.5 hereof. 2.3.2. The amount of the Affiliate Fee shall be based solely and exclusively on the Administrator’s data and calculations as specified in the Report. 2.3.3. The Affiliate can choose the currency of the Affiliate Fee payment from the options offered by the Administrator. If the currency, chosen by the Affiliate, is not USD, the exact amount payable to the Affiliate will be determined by the Administrator according to the exchange rate of USD to the chosen currency according to mid-market rates, available at xxxx://xxx.xx.xxx/currencytables/ as at the date preceding the date of payment.

Affiliate Fee. 2.3.1. The Administrator shall pay the Affiliate Fee to the Affiliate for the Services it provided. The Affiliate Fee payable to the Affiliate shall be calculated in accordance with the Compensation Plan set out in the Affiliate Section. The said payment shall be paid to the Affiliate in accordance with Section 5.5 hereof. 2.3.2. The amount of the Affiliate Fee shall be based solely and exclusively on the Administrator’s data and calculations as specified in the Report. 2.3.3. The Affiliate can choose the currency of the Affiliate Fee payment from the options offered by the Administrator. If the currency, currency chosen by the Affiliate, Affiliate is not USD, the exact amount payable to the Affiliate will be determined by the Administrator according to the exchange rate of USD to the chosen currency according to mid-market rates, available at xxxx://xxx.xx.xxx/currencytables/ as at the date preceding the date of payment.