Calculation of the Fee. (a) The initial Fee will be payable as of the last day of the month end following the date on which the Client’s Account is funded. The period covered by the initial Fee will include a pro-rata fee based upon the opening value of the Client’s Account as of the day it is funded through the last day of the current month, plus the Fee for the first rolling three month period.
(b) In the event the Advisor directs a change in the allocation of Account assets among the model portfolios of the available Model Managers and other assets in the Client’s Accounts, the Advisor will communicate the changes by completing an Investment Strategy Allocation Change Form (hereafter, the “Change Form”) and delivering the Change Form to the Sub-Advisor.
(c) The Advisor will not make a change in the Advisor’s Fee without giving written notice to the Client in advance by at least thirty (30) calen- dar days, the effective date of which will be applied to the Client’s Accounts at the beginning of the next billing period during the regular fee billing process. Delivery of such notice will be made as permitted by this Agreement.
(d) Client will provide the Custodian with such documentation as Custodian requests authorizing and directing the Custodian to permit the Sub-Advisor to deduct the Fee from the Account and to pay Advisor and Sub-Advisor their respective share of the Fee upon submission of a Fee invoice (which may be electronic) to the Custodian.
(e) The value of the Account and the value of any asset in the Account shall be the value reflected on the Custodian’s statements or on the Custodian’s internal system, for valuations other than as of the close of a calendar quarter. In the event the Custodian does not value any asset, the asset shall be valued by Sub-Advisor in such manner as it shall determine in good faith to reflect its fair value, in accordance with generally accepted industry standards. Money market accounts and bank accounts, if any, shall be valued as of the valuation date. Additionally, the Client may choose to designate certain assets as unmanaged in the Account. Advisor and Sub-Advisor do not charge fees on the value of any unmanaged segregated securities in the Account as mutually agreed by the parties to this Agreement.
(f) Client may make additions to or withdrawals from the Account at any time, subject to Sub-Advisor’s right to terminate the Account should it fall below the minimum account size. Assets deposited into the Account after the current fee ...
Calculation of the Fee and the Shortfall Fee
(a) The calculation of the Fee for each Billing Period and the Shortfall Fee for each Quarterly Billing Period is subject to adjustment in accordance with Clause 9.5.
(b) The Principal will pay the Contractor the Fee for the performance of the Services in a Billing Period, calculated as follows: Quantity = the quantity of Wastes (in tonnes) delivered to the RRF by the Principal and accepted by the Contractor in accordance with the Agreement and the Waste Acceptance Protocol in the Billing Period. Agreement (No. 2015/1) – Receipt and Processing Waste for Resource Recovery Page 26 of 70 / Rate = the Rate as defined in Annexure 2 as adjusted in accordance with the Agreement.
(c) At the end of each Quarterly Billing Period in the Financial Year, the Contractor must conduct a reconciliation.
(d) If the total aggregate of all Wastes delivered to the RRF for the Financial Year to date is less than the total aggregate of the Committed Wastes to be delivered by the Principal up to the relevant date, as set out in the Waste Delivery Plan for the Financial Year, that difference (expressed in tonnes) shall be the Shortfall Waste. For the purpose of determining whether there is Shortfall Waste, Optional Waste from one Participant may be counted as the Committed Waste of another Participant to the extent that the Participant’s delivery of Wastes is less than the Committed Waste that it is required to deliver.
(e) At the end of each Quarterly Billing Period in a Financial Year, the Shortfall Fee payable for the Quarterly Billing Period (if any) will be calculated in accordance with the formula in Clause 13.1(f) by reference to the aggregate amount of Shortfall Waste for the Financial Year to date, less the Shortfall Fee paid to date in respect of previous Quarterly Billing Periods for the same Financial Year. If the calculation of the Shortfall Fee payable for the Quarterly Billing Period in accordance with this Clause 13.1(e) results in a negative number, that number will be deducted from the Fee in accordance with Clause 13.1(g).
(f) The Shortfall Fee will be calculated as follows: Shortfall Fee = Quantity Shortfall x Rate where, Quantity Shortfall = the quantity of Shortfall Waste calculated in accordance with Clause 13.1(d). Rate = the Rate as defined in Annexure 2 as adjusted in accordance with the Agreement. The Contractor must ensure that where Clause 13.1(e) applies, the Contractor’s invoice describes, as a separate line item, the Quantity S...
Calculation of the Fee. The rental prices result from the lessor's price list valid at the time the contract is stipulated, even for any minimum rental durations in certain seasonal periods. The prices indicated on the price list in force present on the online platform from which the rental was requested are valid. Payment already provided at the time of collection. Rates do not include the costs of: fuel, extras on request, fines and fines for violations of the highway code. Extra services-accessories must be communicated to the landlord in advance and paid for before the vehicle is collected.
Calculation of the Fee. 9.1 The Fee payable for completing each Work Order will be stated in the Work Order. The Subcontractor must notify Xxxxxxxx of any error in the price identified in the Work Order prior to commencing the Services the subject of the Work Order. If the Subcontractor does not notify Xxxxxxxx of any error in the price before commencing the Service, the amount stated in the Work Order is deemed to apply.
9.2 The Fee for each Work Order will be stated on the Work Order and shall be calculated by Xxxxxxxx applying:
(a) rates agreed between Xxxxxxxx and the Subcontractor applying at the date of the Work Order (if any); or
(b) to the extent subclause (a) does not apply or the Subcontractor and Xxxxxxxx have not agreed rates at the date the Work Order is issued, reasonable rates and prices determined by Xxxxxxxx.
9.3 Notwithstanding clauses 9.1 and 9.2, before commencing any of the Services, the Subcontractor may seek to negotiate the fixed sum of the Work Order with Xxxxxxxx. Any agreement to revise the amount of a Work Order will be stated on a revised Work Order.
9.4 Upon the Subcontractor commencing the performance of the Services the subject of a Work Order, the Subcontractor will be deemed to have accepted the Fee for the performance of the Work Order as stated in the Work Order (or revised Work Order issued pursuant to clause 9.3).
9.5 The Fee stated in each Work Order includes all travel to and from the Site.
Calculation of the Fee. The Fee must be calculated net of applicable discounts, rebates, and credits received by FSMC. FSMC is responsible for reporting monthly to SFA accurate reimbursable meal and snack counts by program type, student eligibility, USDA Foods received, and any other allowable costs on their invoice. The Fee must be calculated as if no USDA Foods were available, and then any necessary adjustments to the total Fee paid will be reflected on the monthly invoice provided to SFA by FSMC. Pursuant to Section 2.5 below, SFA must receive the full value of USDA Foods; i.e., credits or reductions. SFA will review USDA Foods adjustments that must be reconciled on an annual basis. USDA Foods values will be credited in accordance with 7 C.F.R. § 250.51(c).
