Asset Charge Sample Clauses

An Asset Charge clause establishes a security interest or lien over specific assets to secure the performance of obligations, typically the repayment of a debt or fulfillment of contractual duties. In practice, this means that if the party owing the obligation defaults, the party holding the charge can claim or sell the charged assets to recover losses. This clause is essential for protecting the interests of the party providing credit or value, as it allocates risk and provides a clear mechanism for recourse in the event of non-performance.
Asset Charge. An asset-based charge is deducted from each Subaccount. The charge is assessed on a daily basis and reduces the value of Accumulation Units and Annuity Units. This charge is equal, on an annual basis, to a percentage, shown on the Contract Data Pages, of the average daily net assets of each Subaccount.
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Asset Charge. 8.3.1 The Contract Owner will calculate, collect and remit to us an asset charge as shown on the Data Pages. Your Account may be assessed for these charges.
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Asset Charge. The Company assesses a Daily Asset Charge on the Investment Value of each of the Variable Investment Options. The Daily Asset Charge, shown on the Contract Data Page, is used to calculate the Net Investment Factor, as described in Section 4.4. The Company reserves the right to change the Asset Charge Schedule, shown on the Contract Data Page, after the third Contract Year, provided that the Company give the Contractowner at least sixty (60) days advance written notice of any such change.
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Asset Charge. The following funds shall not pay the Investment Manager a direct fee for services rendered hereunder: • Disciplined Asset Allocation Portfolios — Aggressive • Disciplined Asset Allocation Portfolios — Conservative • Disciplined Asset Allocation Portfolios — Moderate • Disciplined Asset Allocation Portfolios — Moderately Aggressive • Disciplined Asset Allocation Portfolios — Moderately Conservative • Variable Portfolio — Aggressive Portfolio • Variable Portfolio — Conservative Portfolio • Variable Portfolio — Moderate Portfolio • Variable Portfolio — Moderately Aggressive Portfolio • Variable Portfolio — Moderately Conservative Portfolio For the following funds, the asset charge for each calendar day of each year shall be equal to the total of 1/365th (1/366th in each leap year) of the amount computed in accordance with the fee schedule in the table, below: RiverSource Variable Portfolio — Balanced Fund First $1.0 0.530% RiverSource Variable Portfolio — Cash Management Fund First $1.0 0.330% RiverSource Variable Portfolio — Core Equity Fund All 0.400% RiverSource Variable Portfolio — Diversified Bond Fund First $1.0 0.480% RiverSource Variable Portfolio — Limited Duration Bond Fund Next $1.0 0.455% RiverSource Variable Portfolio — Diversified Equity Income Fund First $1.0 0.600% RiverSource Variable Portfolio — Dynamic Equity Fund Next $1.0 0.575% ▇▇▇▇▇▇▇▇ Variable Portfolio — Growth Fund Next $1.0 0.550% RiverSource Variable Portfolio — Global Bond Fund First $0.25 0.720% RiverSource Variable Portfolio — Global Inflation Protected Securities Fund First $1.0 0.440% RiverSource Variable Portfolio — High Yield Bond Fund First $1.0 0.590% RiverSource Variable Portfolio — Income Opportunities Fund First $1.0 0.610% RiverSource Variable Portfolio — Mid Cap Growth Fund First $1.0 0.700% RiverSource Variable Portfolio — Mid Cap Value Fund Next $1.0 0.675% RiverSource Variable Portfolio — S&P 500 Index Fund First $1.0 0.220% RiverSource Variable Portfolio — Short Duration U.S. Government Fund First $1.0 0.480% RiverSource Variable Portfolio — Strategic Income Fund First $1.0 0.570% ▇▇▇▇▇▇▇▇ Global Technology Portfolio First $2.0 0.950% ▇▇▇▇▇▇▇▇ Variable Portfolio — Larger-Cap Value Fund First $0.5 0.710% ▇▇▇▇▇▇▇▇ Variable Portfolio — Smaller — Cap Value Fund First $0.5 0.790% Threadneedle Variable Portfolio — Emerging Markets Fund First $0.25 1.100% Threadneedle Variable Portfolio — International Opportunity Fund First $0.25 0.800% Variable Portfolio —▇▇▇▇▇ New Yo...
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Asset Charge. The annual Asset Charge, determined according to the Contract Expense Schedule, is reduced to a daily equivalent and is reduced from the Credited Interest being credited to the Contractholder's Guaranteed Long Term Account in accordance with Section R1.2.
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Asset Charge. The Asset Charge for the coming Plan Year is determined annually as of the asset charge valuation date and is based on the value of the participant accounts. The charge is computed according to the following schedule: Asset and/or Contribution Level Asset Charge (Annual Rate) ------------------------------- -------------------------- Under $300,000 of assets and an annual 2.20% contribution under $100,000 Over $300,000 and under $1.5 million of assets 1.85% or annual contributions over $100,000 Over $1.5 million and under $3 million of 1.80% assets Over $3 million and under $5 million of 1.75% assets Over $5 million and under $10 million of 1.70% assets Over $10 million and under $15 million of 1.65% assets Over $15 million and under $20 million of 1.60% assets Over $20 million of assets 1.50% The asset charge valuation date is the last day of the Plan Year provided that the Insurance Company is open to transact normal business on such day and the New York Stock Exchange is open for unrestricted trading. Should the last day of the Plan Year fail to occur simultaneously with both of these events, the valuation date will be the next normal business day on which the New York Stock Exchange is open for unrestricted trading. The Asset Charge, as determined above, shall not be applied to the value of the Contractholder's account attributable to investments held in the Fidelity Advisor and/or Warburg Pincus Separate Account. These amounts are included in determining the annual rate applied to assets held under the Contract,
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Related to Asset Charge

  • MANAGEMENT CHARGE 16.1 In consideration of the establishment and award of this Framework Agreement and the management and administration by the Authority of the same, the Supplier agrees to pay to the Authority the Management Charge in accordance with Clause 16.2 below. 16.2 The Authority shall be entitled to submit invoices to the Supplier in respect of the Management Charge due each Month based on the Management Information provided pursuant to Framework Agreement Schedule 8 (Management Information), and adjusted: 16.2.1 in accordance with paragraph 5.5 of Framework Agreement Schedule 8 (Management Information) to take into account of any Admin Fee(s) that may have accrued in respect of the late provision of Management Information; and 16.2.2 pursuant to paragraph 6 (Default Management Charge) of Framework Agreement Schedule 8 (Management Information) to take into account any under payment of the Management Charge. 16.3 Unless agreed otherwise, the Supplier shall pay the amount stated in any invoice submitted under Clause 16.2 within thirty (30) Days of the date of issue of the invoice. 16.4 The Management Charge shall apply to the full Charges as specified in each and every Order and shall not be varied as a result of any reduction in the Charges due to the application of any service credits and/or any other deductions made under any Call-Off Contract. 16.5 The Management Charge shall be exclusive of VAT. The Supplier shall pay the VAT on the Management Charge at the rate and in the manner prescribed by Law from time to time. 16.6 Interest shall be payable on any late payments of the Management Charge under this Framework Agreement in accordance with the Late Payment of Commercial Debts (Interest) Act 1998.

  • CONTRACT CHARGES The Contract Charges for the Services shall be structured using any of the following pricing mechanisms (as may be agreed by the Parties and set out in an SOW); Capped Time and Materials; Price per Story; Time and Materials; Fixed Price (to be used only for Services that are ancillary to software development services); or using such other pricing mechanism or combination of pricing mechanism thereof as may be agreed by the Parties. In consideration of the Supplier’s performance of its obligations under this Contract and in consideration of the specific services that are set out in an applicable SOW, the Customer shall pay the undisputed Contract Charges in accordance with the relevant SOW for the Release and the payment provisions set out at Clause 14 (Payment and VAT). The Customer shall, in addition to the Contract Charges and following delivery by the Supplier of an Invoice, pay the Supplier a sum equal to the VAT chargeable on the value of the Services supplied in accordance with this Contract. If at any time during this Contract Period the Supplier reduces its framework Prices for any Services which are provided under the framework Agreement (whether or not such Services are offered in a catalogue (if any) which is provided under the framework Agreement) in accordance with the terms of the framework Agreement, the Supplier shall immediately reduce the Contract Charges for such Services under this Contract by the same amount. The Supplier shall in any event ensure that the Contract Charges are at all times compliant and consistent with the charging structure set out in framework Schedule 8 (Charging Structure) and do not exceed the prices set out therein. Contract Charges:

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • No charge The provisions of this clause 13 shall not, and shall not be construed so as to, constitute a charge by a Bank over all or any part of a sum received or recovered by it in the circumstances mentioned in clause 13.3.

  • Collection of Taxes, Assessments and Similar Items; Servicing Accounts; Reserve Accounts (a) The Master Servicer shall, as to all Serviced Mortgage Loans, establish and maintain one or more accounts (the "Servicing Accounts"), in which all related Escrow Payments shall be deposited and retained; provided that, in the case of a Serviced Loan Combination, if the related Servicing Account includes funds with respect to any other Serviced Mortgage Loan, then the Master Servicer shall maintain a separate sub-account of such Servicing Account that relates solely to such Serviced Loan Combination. Subject to the terms of the related loan documents, each Servicing Account shall be an Eligible Account. Withdrawals of amounts so collected from a Servicing Account may be made (in each case, to the extent of amounts on deposit therein in respect of the related Serviced Mortgage Loan or, in the case of clauses (iv) and (v) below, to the extent of interest or other income earned on such amounts) only for the following purposes: (i) consistent with the related loan documents, to effect the payment of real estate taxes, assessments, insurance premiums (including premiums on any Environmental Insurance Policy), ground rents (if applicable) and comparable items in respect of the respective Mortgaged Properties; (ii) insofar as the particular Escrow Payment represents a late payment that was intended to cover an item described in the immediately preceding clause (i) for which a Servicing Advance was made, to reimburse the Master Servicer, the Special Servicer, the Trustee or any Fiscal Agent, as applicable, for such Servicing Advance; (iii) to refund to Mortgagors any sums as may be determined to be overages; (iv) following an event of default under the related Serviced Mortgage Loan, for such other purposes as are consistent with the related loan documents, applicable law and the Servicing Standard; (v) to pay interest, if required and as described below, to Mortgagors on balances in such Servicing Account; (vi) to pay the Master Servicer interest and investment income on balances in such Servicing Account as described in Section 3.06, if and to the extent not required by law or the terms of the related loan documents to be paid to the Mortgagor; or (vii) to clear and terminate such Servicing Account at the termination of this Agreement in accordance with Section 9.01. To the extent permitted by law or the applicable loan documents, funds in the Servicing Accounts may be invested only in Permitted Investments in accordance with the provisions of Section 3.06. The Master Servicer shall pay or cause to be paid to the Mortgagors interest, if any, earned on the investment of funds in the related Servicing Accounts, if required by law or the terms of the related Serviced Mortgage Loan. If the Master Servicer shall deposit in a Servicing Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Servicing Account, any provision herein to the contrary notwithstanding. (b) The Master Servicer shall, as to each and every Serviced Mortgage Loan, (i) maintain accurate records with respect to the related Mortgaged Property reflecting the status of real estate taxes, assessments and other similar items that are or may become a lien thereon and the status of insurance premiums and any ground rents payable in respect thereof and (ii) use reasonable efforts to obtain, from time to time, all bills for (or otherwise confirm) the payment of such items (including renewal premiums) and, if the subject Serviced Mortgage Loan requires the related Mortgagor to escrow for such items, shall effect payment thereof prior to the applicable penalty or termination date. For purposes of effecting any such payment for which it is responsible, the Master Servicer shall apply Escrow Payments as allowed under the terms of the related Serviced Mortgage Loan (or, if such Serviced Mortgage Loan does not require the related Mortgagor to escrow for the payment of real estate taxes, assessments, insurance premiums, ground rents (if applicable) and similar items, the Master Servicer shall use reasonable efforts consistent with the Servicing Standard to cause the related Mortgagor to comply with the requirement of the related Mortgage that the Mortgagor make payments in respect of such items at the time they first become due and, in any event, prior to the institution of foreclosure or similar proceedings with respect to the related Mortgaged Property for nonpayment of such items). Subject to Section 3.11(h), the Master Servicer shall timely make a Servicing Advance to cover any such item which is not so paid, including any penalties or other charges arising from the Mortgagor's failure to timely pay such items. (c) The Master Servicer shall, as to each and every Serviced Mortgage Loan, make a Servicing Advance with respect to the related Mortgaged Property in an amount equal to all such funds as are necessary for the purpose of effecting the payment of (i) real estate taxes, assessments and other similar items, (ii) ground rents (if applicable), and (iii) premiums on Insurance Policies (including Environmental Insurance Policies), in each instance if and to the extent Escrow Payments (if any) collected from the related Mortgagor are insufficient to pay such item when due and the related Mortgagor (or any related guarantor or party entitled to exercise cure rights) has failed to pay such item on a timely basis. All such Servicing Advances shall be reimbursable in the first instance from related payments by or on behalf of the Mortgagors, and further as provided in Section 3.05(a) and/or Section 3.05A. No costs incurred by the Master Servicer in effecting the payment of real estate taxes, assessments and, if applicable, ground rents on or in respect of the Mortgaged Properties shall, for purposes of this Agreement, including the Trustee's calculation of monthly distributions to Certificateholders, be added to the unpaid Stated Principal Balances of the related Serviced Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit. The foregoing shall in no way limit the Master Servicer's ability to charge and collect from the Mortgagor such costs together with interest thereon. (d) The Master Servicer shall, as to all Serviced Mortgage Loans, establish and maintain, as applicable, one or more accounts (the "Reserve Accounts"), into which all related Reserve Funds, if any, shall be deposited and retained; provided that, in the case of a Serviced Loan Combination, if the related Reserve Account includes funds with respect to any other Mortgage Loan, then the Master Servicer shall maintain a separate sub-account of such Reserve Account that relates solely to such Serviced Loan Combination. Withdrawals of amounts so deposited may be made (i) for the specific purposes for which the particular Reserve Funds were delivered, in accordance with the Servicing Standard and the terms of the related Mortgage Note, Mortgage and any other agreement with the related Mortgagor governing such Reserve Funds, (ii) to pay the Master Servicer interest and investment income earned on amounts in the Reserve Accounts as described below, and (iii) following an event of default under the related Serviced Mortgage Loan, for such other purposes as are consistent with the related loan documents, applicable law and the Servicing Standard. To the extent permitted in the applicable loan documents, funds in the Reserve Accounts may be invested in Permitted Investments in accordance with the provisions of Section 3.06. Subject to the related loan documents, all Reserve Accounts shall be Eligible Accounts. Consistent with the Servicing Standard, the Master Servicer may waive or extend the date set forth in any agreement governing Reserve Funds by which any required repairs, capital improvements and/or environmental remediation at the related Mortgaged Property must be completed; provided that any waiver, any extension for more than 120 days and any subsequent extension may only be granted with the consent of the Special Servicer.