Common use of Compensation for Servicing Clause in Contracts

Compensation for Servicing. The Investment Company, on behalf of each Fund, agrees to pay FTIS for its services, as set forth in Schedule A hereto. FTIS will bill the Investment Company as soon as practicable after the end of each calendar month for such compensation. The Investment Company will promptly pay to FTIS the amount of such billing.

Appears in 55 contracts

Samples: Transfer Agent and Shareholder Services Agreement (Franklin Strategic Mortgage Portfolio), Transfer Agent and Shareholder Services Agreement (Franklin Custodian Funds), Transfer Agent and Shareholder Services Agreement (Franklin Managed Trust)

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Compensation for Servicing. The Investment Company, on behalf of each Fund, agrees to pay FTIS for its services, as set forth in Schedule A hereto. FTIS will bill xxxx the Investment Company as soon as practicable after the end of each calendar month for such compensation. The Investment Company will promptly pay to FTIS the amount of such billing.

Appears in 10 contracts

Samples: Transfer Agent and Shareholder Services Agreement (Franklin New York Tax Free Income Fund), Transfer Agent and Shareholder Services Agreement (Franklin California Tax Free Income Fund), Franklin Municipal Securities Trust

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