Contract Administration Charge Sample Clauses

Contract Administration Charge. Contingent Deferred Sales Charge; Expense Risk Charge; Distribution Expense Charge; Mortality Risk Charge TRANSFER PROVISION ......................................................PAGE 14 Transfers of Accumulation Units Between Variable Accounts; Transfers of Accumulation Units To and From the Fixed Account WITHDRAWAL PROVISION ....................................................PAGE 15 Contingent Deferred Sales Charge
Sample 1Sample 2See All (4)
Contract Administration Charge. Each Month during the Contract Term, Purchaser shall pay Independence a Contract Administration Charge of $[***].
Sample 1
Contract Administration Charge. This charge is the lesser of 2% of the Contract Value at the end of the contract year or $30. It will be deducted each year on the date specified n Section 1. It will also be deducted when the Contract Value is withdrawn in full if withdrawal is not on t he date specified. The charge will never exceed $30. The charge will not be on or after the Annuity Date. Expense Risk Charge. This charge is made to compensate us for guaranteeing that the contract administration charge will never exceed $30. On an annual basis it equals 0.5% of the daily net asset value of the e Separate Account. Mortality Risk Charge. This charge is made to compensate us for the mortality guarantees we make under this contract. On an annual basis it equals 0.75% if the daily net asset value of the Separate Account.
Sample 1
Contract Administration Charge. This charge is the lesser of 2% of the Variable Account Value at the end of the contract year or $30. It will be deducted each year in which funds are held in the Variable Account. It will be deducted on the date specified in Section 1. It will also be deducted when the Variable Account Value is withdrawn in full if withdrawal is not on the date specified. The charge will never exceed $30. The charge will not be deducted on or after the Annuity Date. Expense Risk Charge. This charge is made to compensate Penn Mutual for guaranteeing that the contract administration charge will never exceed $30. On an annual basis it equals 0.5% of the daily net asset value of the Separate Account. Mortality Risk Charge. This charge is made to compensate Penn Mutual for the mortality guarantees made under this contract. On an annual basis it equals 0.75% of the daily net asset value of the Separate Account.
Sample 1
Contract Administration Charge. This charge is the lesser of 2% of the Contract Value at the end of the contract year or $30. It will be deducted each year on the date specified in Section 1. It will also be deducted when the Contract Value is withdrawn in full if withdrawal is not on the date specified. The charge will never exceed $30. The charge will not be deducted on or after the Annuity Date. EXPENSE RISK CHARGE. This charge is made to compensate us for guaranteeing that the contract administration charge will never exceed $30. On an annual basis it equals 0.5% of the daily net asset value of the Separate Account.
Sample 1
Contract Administration Charge. This charge of $30 will be deducted on each contract anniversary that occurs on or prior to the annuity date. It will also be deducted when the contract value is withdrawn in full if withdrawal is not on a contract anniversary. This charge will never increase.
Sample 1
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Contract Administration Charge. 13 4.04 Variable Tolling Services Payment................................13 4.05 Variable O&M Payment.............................................13 4.06 Escalation.......................................................14 4.07 Replacement Energy...............................................14 4.08 Avoided Costs....................................................15 ARTICLE V - FACILITY OPERATIONS AND SCHEDULING..............................15 5.01 Start-ups........................................................15 5.02 Scheduling and Operating Procedures and Authorized Representatives..................................................17 5.03 Shutdown.........................................................17 5.04 Technical Inspection.............................................18 5.05 Reserved Capability..............................................18 5.06 Installed Capacity Testing.......................................21 5.07 Good Electrical Practices........................................21 5.08 Operating Committee..............................................21 5.08 Operating Committee..............................................21 5.07 Good Electrical Practices........................................22 ARTICLE VI - GUARANTEED HEAT RATE...........................................22 6.01 Guaranteed Heat Rate.............................................22 6.02 Heat Rate........................................................22 6.03 Payment..........................................................23 *** CONFIDENTIAL TREATMENT REQUESTED *** i
Sample 1

Related to Contract Administration Charge

  • Contract Administration The Delegate shall cause that the foreign custody arrangements with an Eligible Foreign Custodian shall be governed by a written contract that the Delegate has determined will provide reasonable care for Fund assets based on the standards applicable to custodians in the relevant market. Each such contract shall, except as set forth in the last paragraph of this subsection (b), include provisions that provide:

  • Responsibility for Contract Administration The Servicer will have the sole obligation to manage, administer, service and make collections on the Contracts and perform or cause to be performed all contractual and customary undertakings of the holder of the Contracts to the Obligor. The Owner Trustee, at the written request of a Servicing Officer, shall furnish the Servicer with any powers of attorney or other documents necessary or appropriate in the opinion of the Owner Trustee to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer is hereby appointed the servicer hereunder until such time as any Service Transfer may be effected under Article VIII.

  • Trust Administration The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

  • Grantor Trust Administration (a) The Tax Administrator shall treat the Grantor Trust Pool, for tax return preparation purposes, as a Grantor Trust under the Code. The Tax Administrator shall also perform on behalf of the Grantor Trust Pool all reporting and other tax compliance duties that are the responsibility of such Grantor Trust Pool under the Code or any compliance guidance issued by the IRS or any state or local taxing authorities. The expenses of preparing and filing such returns shall be borne by the Tax Administrator.

  • Income Collection, Transaction Processing, Account Administration 0.25 of a basis point per annum on the average net assets of the Fund.

  • Loan Administration Borrowings under the Loan shall be as follows:

  • Selection of Eligible Foreign Custodian and Contract Administration The Delegate shall perform the following duties with respect to the selection of Eligible Foreign Custodians and administration of certain contracts governing the Fund's foreign custodial arrangements:

  • Collateral Administration The Collateral Agent shall maintain a database of certain characteristics of the Collateral on an ongoing basis, and provide to the Borrower, the Servicer, the Administrative Agent and the Lenders certain reports, schedules and calculations, all as more particularly described in this Section 11.3, based upon information and data received from the Servicer pursuant to Section 7.7 or from the Lenders and/or the Administrative Agent.

  • REMIC AND GRANTOR TRUST ADMINISTRATION The provisions of this Article XII shall apply to each REMIC Pool and the Grantor Trust, as applicable.

  • Fund Administration Treasury Services a. Prepare for the review by designated officer(s) of the Trusts’ financial information that will be included in the Trusts’ semi-annual and annual shareholder reports (which shall also be subject to review by the Trusts’ legal counsel), and other quarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable;

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