Earnings Credit Rate. In the event that Bank, in its sole discretion, provides an Earnings Credit Rate program to Customer, and the application of the Earnings Credit Rate program results in a positive number or Earnings Credit, the Earnings Credit may be used to offset fees accrued in Customer’s account during the billing period, up to the amount of the Earnings Credit. Unused Earnings Credits are carried over from month to month during a calendar year and expire at the end of each calendar year. Unused Earnings Credits may not be applied to prior billing periods and cannot be converted into interest. Customer should continuously monitor and adjust balances to ensure optimal use of available Earnings Credits by year-end.
Appears in 14 contracts
Samples: Fund Accounting Agreement (Jp Morgan Mutual Fund Investment Trust), Fund Accounting Agreement (Undiscovered Managers Funds), Fund Accounting Agreement (Jp Morgan Fleming Mutual Fund Group Inc)
