Distribution Related Fees. The Adviser, or its designee, agrees to pay Insurer or its affiliate a fee 0.25% per annum of the average aggregate monthly net asset value of Class L shares of the Designated Portfolio(s) held in the Account. Such fee shall be paid in arrears, quarterly. Each quarter’s fee shall be determined based on assets in the Account at the end of each quarter and each quarterly fee will be independent of every other quarterly fee. Such fee shall be due and payable automatically within 30 (thirty) days after the last day of the quarter to which such payment relates.
Appears in 5 contracts
Samples: Fund Participation Agreement (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Company)), Fund Participation Agreement (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Co of New York)), Fund Participation Agreement (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Co of New York))
Distribution Related Fees. The Adviser, or its designee, agrees to pay Insurer the Insurance Parties or its their affiliate a fee 0.25of .25% per annum of the average aggregate monthly daily net asset value of Class L shares of the Designated Portfolio(s) held in the AccountAccounts. Such fee shall be paid in arrears, quarterly. Each quarter’s fee shall be determined based on assets in the Account Accounts at the end of each quarter and each quarterly fee will be independent of every other quarterly fee. Such fee shall be due and payable automatically within 30 20 (thirtytwenty) days after the last day of the quarter to which such payment relates.
Appears in 1 contract
Samples: Fund Participation Agreement (Variable Annuity 1 Series Account)
