Common use of Annual Servicing Fee Clause in Contracts

Annual Servicing Fee. LEX agrees to pay the Annual Servicing Fee as follows: Annual Servicing Fee: 15 basis points of the value of the public float of Securities, paid out of the platform fee, which platform fee is determined by, and in accordance with, the terms of the Platform Agreement. The Annual Servicing Fee is payable on a quarterly basis from the quarterly payments that LEX receives from Company, as fully described in the Platform Agreement.