Commission and Expense Allowance Sample Clauses

Commission and Expense Allowance. The Reinsurer will pay the Ceding Company a Commission and Expense Allowance for each Accounting Period equal to the net of:
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Commission and Expense Allowance. The Reinsurer will pay the Ceding Company a Commission and Expense Allowance for each Accounting Period equal to the net of: (i) the product of (a) times (b), where: (a) equals the Commission Rate, as specified in the table below; and Commission Rate ---------------- Issue Age Range Choice Selections --------------- ------ ---------- 0 - 75 7.72% 7.02% 76 - 80 7.72% 5.72% 81 + 6.72% 4.42% (b) equals the Reinsurance Premiums determined in accordance with Article II, plus (ii) the product of (a) times (b), where: (a) equals the Account Value Rate, as specified in the table below, times the quota share reinsured hereunder, as described in Schedule A; and Account Value Rate ---------------- Policy Year Choice Selections ----------- ------ ---------- 1 - 6 0.03% 0.205% 7 + 0.205% 0.205% (b) equals the Average Account Value, determined in accordance with Article V, Paragraph 4, for the current Accounting Period, plus (iii) the product of (a) times (b), where: (a) equals $43.75 times the quota share reinsured hereunder, as described in Schedule A; and (b) equals the number of Base Annuities reinsured hereunder outstanding as of the end of the current Accounting Period, plus (iv) the product of (a) times (b), where: (a) equals $230 times the quota share reinsured hereunder, as described in Schedule A; and (b) equals the number of Base Annuities issued during the current Accounting Period, minus (v) the Investment Credit, as defined below. The Investment Credit, which will be paid by the Ceding Company to the Reinsurer pursuant to item (v) above, is included to offset expenses relating to the promotion of additional investments in the underlying funds and expenses relating to the maintenance of customer accounts in item (iii) above, shall equal the product of (a) times (b), where: (a) equals 0.0975 percent times the quota share reinsured hereunder, as described in Schedule A; and (b) equals the Average Account Value, determined in accordance with Article V, Paragraph 4, for the current Accounting Period. The 0.0975 percent factor shall be recalculated from time to time, but no more frequently than annually, using a methodology that is mutually acceptable to both parties.
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Commission and Expense Allowance. There is to be a commission and expense allowance equal to actual premium taxes paid, actual sales commission paid and other administrative expenses, in accordance with Schedule C.
Sample 1Sample 2Sample 3See All (4)
Commission and Expense Allowance. The Reinsurer will pay the Ceding Company a Commission and Expense Allowance for each Accounting Period equal to the net of: (i) the product of (a) times (b), where: (a) equals the Commission Rate, as specified in the table below; and Commission Rate -------------------------------- Issue Age Range For The Following Issue Dates Choice Selections B Share L Share --------------- ----------------------------- ------ ---------- ------- ------- 0 - 75 Prior to December 8, 2008 7.72% 7.02% n/a n/a December 8, 2008 through December 31, 2008 7.85% 6.22% n/a n/a On or after January 1, 2009 5.85% 4.22% 7.20% 5.60% 76 - 80 Prior to December 8, 2008 7.72% 5.72% n/a n/a December 8, 2008 through December 31, 2008 7.85% 4.92% n/a n/a On or after January 1, 2009 5.85% 2.92% 7.20% 4.30% 81 + Prior to December 8, 2008 6.72% 4.42% n/a n/a December 8, 2008 through December 31, 2008 6.85% 3.62% n/a n/a On or after January 1, 2009 4.85% 1.62% 6.20% 3.00% (b) equals the Reinsurance Premiums determined in accordance with Article II, plus (ii) the product of (a) times (b), where: (a) equals the Account Value Rate, as specified in the table below, times the quota share reinsured hereunder, as described in Schedule A; and Account Value Rate ------------------------- Selections Policy Year Choice and L Share B Share ----------- ------ ----------- ------- 1 - 6 0.030% 0.205% 0.030% 7 0.205% 0.205% 0.030% 8 + 0.205% 0.205% 0.205% (b) equals the Average Account Value, determined in accordance with Article V, Paragraph 4, for the current Accounting Period, plus (iii) the product of (a) times (b), where: (a) equals $43.75 times the quota share reinsured hereunder, as described in Schedule A; and (b) equals the number of Base Annuities reinsured hereunder outstanding as of the end of the current Accounting Period, plus (iv) the product of (a) times (b), where: (a) equals $230 times the quota share reinsured hereunder, as described in Schedule A; and (b) equals the number of Base Annuities issued during the current Accounting Period, minus (v) the Investment Credit, as defined below. The Investment Credit, which will be paid by the Ceding Company to the Reinsurer pursuant to item (v) above, is included to offset expenses relating to the promotion of additional investments in the underlying funds and expenses relating to the maintenance of customer accounts in item (iii) above, shall equal the product of (a) times (b), where: (a) equals 0.0975 percent times the quota share reinsured hereunde...
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Commission and Expense Allowance. The Reinsurer will pay the Ceding Company a Commission and Expense Allowance at the end of each Accounting Period equal to .05625 percent times the portion of the annuity value as of the end of the Accounting Period which corresponds to the portion of the annuities reinsured hereunder and described in Schedule A.
Sample 1
Commission and Expense Allowance. The Reinsurer will pay the Ceding Company a Commission and Expense Allowance for each Accounting Period equal to the sum of (i) plus (ii) where; (i) equals the sum of (a) times [(b) plus (c)], with respect to each Annuity policyholder reinsured hereunder, where: (a) equals the quota share percentage of the Annuities reinsured hereunder as described in Schedule A attached hereto; and (b) equals the up-front and trail commissions or similar payments paid to broker/dealers, registered investment advisers and other financial institutions during the period; and (c) equals the amount of premium taxes paid during the period (ii) equals (a) times 0.5 times [(b) plus ( c)], where: (a) equals $20 initially, increased at a 2.5% compounded rate on each anniversary of the Effective Date of this Agreement, times the quota share percentage of the Annuities reinsured hereunder as described in Schedule A attached hereto; (b) equals the number of Annuities, exclusive of riders, outstanding as of the end of the current Accounting Period and reinsured hereunder as described in Schedule A attached hereto; and (c) equals the number of Annuities, exclusive of riders, outstanding as of the beginning of the current Accounting Period and reinsured hereunder as described in Schedule A attached hereto Items in (i)(b) and (i)(c) above shall not include any amounts incurred by the Ceding Company prior to the Effective Date of this Agreement
Sample 1
Commission and Expense Allowance. The Reinsurer will pay the Ceding -------------------------------- Company a Commission and Expense Allowance for each Accounting Period equal to (i) plus (ii) plus (iii) (iv) plus (v), where:
Sample 1
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Related to Commission and Expense Allowance

  • Expense Allowance The Company shall reimburse the Executive for all reasonable and necessary expenses incurred by him from time to time in the performance of his duties hereunder, against receipts therefor in accordance with the then effective policies and requirements of the Company.

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference. B. In addition to the compensation and expense reimbursement referred to in Section 2(A) above, Company shall be entitled to receive from Client a "Transaction Fee", as a result of any Transaction (as described below) between Client and any other company, entity, person, group or persons or other party which is introduced to, or put in contact with, Client by Company, or by which Client has been introduced to, or has been put in contact with, by Company. A "Transaction" shall mean merger, sale of stock, sale of assets, consolidation or other similar transaction or series or combination of transactions whereby Client or such other party transfer to the other, or both transfer to a third entity or person, stock, assets, or any interest in its business in exchange for stock, assets, securities, cash or other valuable property or rights, or wherein they make a contribution of capital or services to a joint venture, commonly owned enterprise or business opportunity with the other for purposes of future business operations and opportunities. To be a Transaction covered by this section, the transaction must occur during the term of this Agreement or the one year period following the expiration of this Agreement. The calculation of a Transaction Fee shall be based upon the total value of the consideration, securities, property, business, assets or other value given, paid, transferred or contributed by, or to, the Client and shall equal 5% of the dollar value of the Transaction. Such fee shall be paid by certified funds at the closing of the Transaction.

  • COMMISSIONS AND EXPENSES 15.1 The Issuer agrees to pay to the Agent such fees and commissions as the Issuer and the Agent shall separately agree in respect of the services of the Paying Agents under this Agreement together with any out of pocket expenses (including legal, printing, postage, fax, cable and advertising expenses) incurred by the Paying Agents in connection with their services. 15.2 The Agent will make payment of the fees and commissions due under this Agreement to the other Paying Agents and will reimburse their expenses promptly after the receipt of the relevant moneys from the Issuer. The Issuer shall not be responsible for any payment or reimbursement by the Agent to the other Paying Agents.

  • Compensation and Expenses (a) In consideration of AFD’s services hereunder, the Fund agrees to pay AFD the fees set forth in Schedule B, attached hereto. The Service Fee set forth on Schedule B may be offset by any fees and charges collected and retained by AFD as set forth below: (i) any applicable sales charge assessed upon investors in connection with the purchase of Shares; (ii) from the Fund, any applicable contingent deferred sales charge ("CDSC") assessed upon investors in connection with the redemption of Shares; (iii) from the Fund, the distribution service fees with respect to the Shares of those classes as designated in Schedule A for which a Plan is effective (the "Distribution Fee"); and (iv) from the Fund, the shareholder service fees with respect to the Shares of those Classes as designated in Schedule A for which a Service Plan is effective (the "Shareholder Service Fee"). (b) The Distribution Fee and Shareholder Service Fee, if any, shall be accrued daily by the Trust or class thereof and shall be paid monthly as promptly as possible after the last day of each calendar month but in any event on or before the fifth (5th) Fund Business Day after month-end, at the rate or in the amounts set forth in the Plan(s). The Trust grants and transfers to AFD a general lien and security interest in any and all securities and other assets of the Trust now or hereafter maintained in an account at the Trust’s custodian on behalf of the Trust to secure any Distribution Fees, Shareholder Service Fees, or other fees owed AFD by the Trust under this Agreement. (c) The Trust shall be responsible and assumes the obligation for payment of all the expenses of the Trust, including fees and disbursements of its counsel and auditors, in connection with the preparation and filing of the Registration Statement and Prospectus (including but not limited to the expense of setting in type the Registration Statement and Prospectus and printing sufficient quantities for internal compliance, regulatory purposes and for distribution to current shareholders). The Trust shall bear the cost and expenses (i) of the registration of the Shares for sale under the Securities Act; (ii) of the registration or qualification of the Shares for sale under the securities laws of the various States; (iii) if necessary or advisable in connection therewith, of qualifying the Funds, (but not AFD) as an issuer or as a broker or dealer, in such States as shall be selected by the Trust and AFD pursuant to Section 6(c) hereof; (iv) payable to each State for continuing registration or qualification therein until the Funds decide to discontinue registration or qualification pursuant to Section 6(c) hereof; and (v) payable for standard transmission costs, including costs imposed by the National Securities Clearing Corporation. AFD shall pay all expenses relating to AFD's broker-dealer qualification.

  • Nonwaiver and Expenses No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision of this Warrant or the Purchase Agreement, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

  • Brokers’ Fees and Expenses No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the Merger or any of the other transactions contemplated by this Agreement based upon arrangements made by or on behalf of Parent or Merger Sub.

  • Transition and Expenses If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

  • Termination and Expenses 12.1 Termination 97 12.2 Effect of Termination 98 12.3 Fees and Expenses 99

  • Transportation Expenses The reasonable and necessary expenses of transportation required in the performance of Superintendent’s official duties shall be reimbursed at the rate set annually by the Board for District travel.

  • Compensation and Expenses of Trustee The Company covenants and agrees to pay to the Trustee, in any capacity under this Indenture, from time to time, and the Trustee shall receive such compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed to in writing between the Trustee and the Company, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance with any of the provisions of this Indenture in any capacity thereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as shall have been caused by its gross negligence or willful misconduct as determined by a final, non-appealable decision of a court of competent jurisdiction. The Company also covenants to indemnify the Trustee in any capacity under this Indenture and any other document or transaction entered into in connection herewith and its officers, directors, employees and agents and any authenticating agent for, and to hold them harmless against, any loss, claim (whether asserted by the Company, a Holder or any Person), damage, liability or expense incurred without gross negligence or willful misconduct on the part of the Trustee, its officers, directors, agents or employees, or such agent or authenticating agent, as the case may be, as determined by a final, non-appealable decision of a court of competent jurisdiction, and arising out of or in connection with the acceptance or administration of this Indenture or in any other capacity hereunder, including the costs and expenses of defending themselves against any claim of liability in the premises or the enforcement of this Section 7.06. The obligations of the Company under this Section 7.06 to compensate or indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a senior lien to which the Notes are hereby made subordinate on all money or property held or collected by the Trustee, except, subject to the effect of Section 6.05, funds held in trust herewith for the benefit of the Holders of particular Notes, and, for the avoidance of doubt, such lien shall not be extended in a manner that would conflict with the Company’s obligations to its other creditors. The Trustee’s right to receive payment of any amounts due under this Section 7.06 shall not be subordinate to any other liability or indebtedness of the Company. The obligation of the Company under this Section 7.06 shall survive the satisfaction and discharge of this Indenture and the earlier resignation or removal of the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. The indemnification provided in this Section 7.06 shall extend to the officers, directors, agents and employees of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee and its agents and any authenticating agent incur expenses or render services after an Event of Default specified in Section 6.01(h) or Section 6.01(i) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws.

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