Compensation to Manager. As compensation for services which Manager renders to Client pursuant to this Agreement and while this agreement is in effect, Manager shall charge Client and Client shall pay Manager quarterly fees in arrears, within 30 business days after the close of each calendar quarter, the equivalent of all indirect and direct costs incurred by the Manager during the relevant period (the "Cost Reimbursement Amount"). The Cost Reimbursement Amount will be established by Manager and provided to Client within a reasonable time period following the end of each such calendar quarter.
Appears in 3 contracts
Samples: Indemnity Management Agreement (Hartford Life Inc), Management Agreement Life Companies (Hartford Life Inc), Management Agreement Life Companies (Hartford Life Inc)
Compensation to Manager. As compensation for services which Manager renders to Client pursuant to this Agreement and while this agreement is in effect, Manager shall charge Client and Client shall pay Manager quarterly fees in arrears, within 30 business days after the close of each calendar quarter, the equivalent of all indirect and direct costs incurred by the Manager during the relevant period (the "Cost Reimbursement Amount"). The Cost Reimbursement Amount will be established by Manager and provided to Client within a reasonable time period following the end of each such calendar quarter.
Appears in 2 contracts
Samples: Management Agreement Life Companies (Hartford Life Inc), Management Agreement Life Companies (Hartford Life Inc)
