Asset Charge Sample Clauses

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.
Sample 1Sample 2
AutoNDA by SimpleDocs
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: Annual rate at Fund Net Assets (billions) each asset level RiverSource Variable Portfolio — Balanced Fund First $1.0 0.530% Next $1.0 0.505% Next $1.0 0.480% Next $3.0 0.455% Next $1.5 0.430% Next $2.5 0.410% Next $5.0 0.390% Next $9.0 0.370% Over $24.0 0.350% RiverSource Variable Portfolio — Cash Management Fund First $1.0 0.330% Next $0.5 0.313% Next $0.5 0.295% Next $0.5 0.278% Next $2.5 0.260% Next $1.0 0.240% Next $1.5 0.220% Next $1.5 0.215% Next $1.0 0.190% Next $5.0 0.180% Next $5.0 0.170% Next $4.0 0.160% Over $24.0 0.150% 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% Next $1.0 0.430% Next $3.0 0.405% Next $1.5 0.380% Next $1.5 0.365% Next $1.0 0.360% Annual rate at Fund Net Assets (billions) each asset level Next $5.0 0.350% Next $5.0 0.340% Next $4.0 0.330% Next $26.0 0.310% Next $50.0 0.290% RiverSource Variable Portfolio — Diversified Equity Income Fund First $1.0 0.600% RiverSource Variable Portfolio — Dynamic Equity Fund Next $1.0 0.575% Xxxxxxxx Variable Portfolio — Growth Fund Next $1.0 0.550% Next $3.0 0.525% Next $1.5 0.500% Next $2.5 0.485% Next $5.0 0.470% Next $5.0 0.450% Next $4.0 0.425% Next $26.0 0.400% Over $50.0 0.375% RiverSource Variable Portfolio — Global Bond Fund First $0.25 0.720% Next $0.25 0.695% Next $0.25 0.670% Next $0.25 0.645% Next $6.5 0.620% Next $2.5 0.605% Next $5.0 0.590% Next $5.0 0.580% Next $4.0 0.560% Next $26.0 0.540% Over $50.0 0.520% RiverSource Variable Portfolio — Global Inflation Protect...
Sample 1
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.
Sample 1
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,
Sample 1
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.
Sample 1
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.
Sample 1

Related to Asset Charge

  • MINIMUM INTEREST CHARGE Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. In any event, even upon full prepayment of this Note, Borrower understands that Lender is entitled to a minimum interest charge of $250.00. Other than Borrower's obligation to pay any minimum interest charge, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments of accrued unpaid interest. Rather, they will reduce the principal balance due.

  • Collection of Taxes, Assessments and Similar Items; Servicing Accounts; Reserve Accounts (a) Each Master Servicer shall establish and maintain one or more segregated accounts (“Servicing Accounts”), in which all Escrow Payments received by it with respect to any Serviced Mortgage Loans or Serviced Pari Passu Companion Loan, shall be deposited and retained, separate and apart from its own funds. Subject to any terms of the related Mortgage Loan Documents that specify the nature of the account in which Escrow Payments shall be held, each Servicing Account shall be an Eligible Account. As and to the extent consistent with the Servicing Standard, applicable law and the related Mortgage Loan Documents, the applicable Master Servicer may make withdrawals from the Servicing Accounts maintained by it, and may apply Escrow Payments held therein with respect to any Serviced Mortgage Loan or Serviced Pari Passu Companion Loan (together with interest earned thereon), only as follows: (i) 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 related Mortgaged Property; (ii) to reimburse the applicable Master Servicer, the applicable Special Servicer or the Trustee, as applicable, for any unreimbursed Servicing Advances made thereby with respect to such Mortgage Loan or Serviced Pari Passu Companion Loan to cover any of the items described in the immediately preceding clause (i); (iii) to refund to the related Borrower any sums as may be determined to be overages; (iv) to pay interest or other income, if required and as described below, to the related Borrower on balances in the Servicing Account (or, if and to the extent not payable to the related Borrower to pay such interest or other income (up to the amount of any Net Investment Earnings in respect of such Servicing Account for each Collection Period) to the applicable Master Servicer); (v) disburse Insurance Proceeds if required to be applied to the repair or restoration of the related Mortgaged Property, (vi) after an event of default, to pay the principal of, accrued interest on and any other amounts payable with respect to such Mortgage Loan or Serviced Pari Passu Companion Loan; (vii) to withdraw amounts deposited in the Servicing Account in error; or (viii) to clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01. The applicable Master Servicer shall pay or cause to be paid to the related Borrowers interest and other income, if any, earned on the investment of funds in Servicing Accounts maintained thereby, if and to the extent required by law or the terms of the related Mortgage Loan Documents. If a Master Servicer shall deposit in a Servicing Account maintained by it 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. Promptly after any Escrow Payments are received by the applicable Special Servicer from the Borrower under any Serviced Mortgage Loan or Serviced Pari Passu Companion Loan, and in any event within one Business Day after any such receipt, such Special Servicer shall remit such Escrow Payments to the applicable Master Servicer for deposit in the applicable Servicing Account(s).

  • Interest Charges Overdue payments may, at the sole discretion of SYSTEM, be subject to a daily charge commencing on the 31st day after such payment is due, compounded monthly, at the rate of either one and one-half percent (1.5%) per month or the highest legal interest rate, whichever is lower. The payment of such interest will not foreclose SYSTEM from exercising any other rights it may have as a consequence of the lateness of any payment.

  • Interest Loan Payments Late Payment Charge 43 2.2.1 Payments. 43 2.2.2 Interest Calculation. 44

  • Property Cash Flow Allocation (a) During any Cash Management Period, all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority:

  • Payment of Charges All amounts chargeable to Borrower under Section 6 hereof shall be Obligations secured by all of the Collateral, shall be payable on demand and shall bear interest from the date such advance was made until paid in full at the rate applicable to Revolving Credit Loans from time to time.

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

  • Collection of Taxes, Assessments and Similar Items; Escrow Accounts (a) To the extent required by the related Mortgage Note and not violative of current law, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law.

  • Late Payment Charge If any principal, interest or any other sums due under the Loan Documents (including the amounts due on the Maturity Date) are not paid by Borrower on or prior to the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the Maximum Legal Rate in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. Any such amount shall be secured by the Mortgage and the other Loan Documents to the extent permitted by applicable law.

  • Collection of Taxes, Assessments and Similar Items; Servicing Accounts (a) The Master Servicer shall establish and maintain one or more accounts (the “Servicing Accounts”), into which all Escrow Payments shall be deposited and retained, and shall administer such Servicing Accounts in accordance with the Mortgage Loan documents and, if applicable, the Companion Loan documents. Any Servicing Account related to a Serviced Whole Loan shall be held for the benefit of the Certificateholders and the related Serviced Companion Noteholder collectively, but this shall not be construed to modify respective interests of either noteholder therein as set forth in the related Intercreditor Agreement. Amounts on deposit in Servicing Accounts may only be invested in accordance with the terms of the related Mortgage Loan documents or in Permitted Investments in accordance with the provisions of Section 3.06. Servicing Accounts shall be Eligible Accounts to the extent permitted by the terms of the related Mortgage Loan documents. Withdrawals of amounts so deposited from a Servicing Account may be made only to: (i) effect payment of items for which Escrow Payments were collected and comparable items; (ii) reimburse the Trustee and then the Master Servicer, if applicable, for any Servicing Advances; (iii) refund to Mortgagors any sums as may be determined to be overages; (iv) pay interest to Mortgagors on balances in the Servicing Account, if required by applicable law or the terms of the related Mortgage Loan or Companion Loan and as described below or, if not so required, to the Master Servicer; (v) after the occurrence of an event of default under the related Mortgage Loan or Companion Loan, apply amounts to the indebtedness under the applicable Mortgage Loan or Companion Loan; (vi) withdraw amounts deposited in error; (vii) pay Penalty Charges to the extent permitted by the related Mortgage Loan documents; or (viii) clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01. As part of its servicing duties, the Master Servicer shall pay or cause to be paid to the Mortgagors interest on funds in Servicing Accounts, to the extent required by law or the terms of the related Mortgage Loan or Companion Loan; provided, however, that in no event shall the Master Servicer be required to remit to any Mortgagor any amounts in excess of actual net investment income or funds in the related Servicing Account. If allowed by the related Mortgage Loan documents and applicable law, the Master Servicer may charge the related Mortgagor an administrative fee for maintenance of the Servicing Accounts.

Time is Money Join Law Insider Premium to draft better contracts faster.