Common use of COMPENSATION OF UBS Clause in Contracts

COMPENSATION OF UBS. In consideration of the services to be provided by UBS hereunder, UBS shall be entitled to compensation as set forth in Exhibit 4. UBS is hereby authorized to charge such compensation and reimbursements against and collect the same from the revenues derived from securities lending activities or to direct the Custodian to pay UBS such compensation and reimbursements on a monthly basis, within 10 business days after the end of each month. The fees paid to UBS hereunder are solely in consideration of securities lending services rendered by it and are in addition to any other fees or compensation to which it may be entitled for services rendered for Client under other agreements.