Expense Charge Sample Clauses

Expense Charge. In addition to the Base Rent, Tenant shall pay to Landlord as additional rent on the first day of each month in advance, commencing January 1 of the “Initial Operating Expenses Year” (as described in Section 1.9 of the Lease), an amount (the “Expense Charge”) which is equal to one-twelfth of Tenant’s Pro Rata Share of the amount by which the Operating Expenses, as estimated for such year by Landlord, exceed the actual Operating Expenses for the “Base Year” set forth in Section 1.8 of the Lease. Tenant’s Expense Charge for each succeeding calendar year shall be estimated by Landlord and notice of such estimate shall be furnished to Tenant from time to time. Within 20 days after receipt of such estimate, Tenant shall pay Landlord any deficiency in Tenant’s Expense Charge for that year, and subsequent installments of Tenant’s Expense Charge for that year shall be based on such estimate by Landlord. By April 30 of each calendar year or as soon thereafter as practicable, Landlord shall determine the actual Operating Expenses for the preceding calendar year (and Tenant’s actual Expense Charge) and furnish to Tenant a statement thereof (“Expense Statement”). If the total Expense Charge paid by Tenant in such calendar year exceeds Tenant’s Pro Rata Share of the actual increase in Operating Expenses for such calendar year (as disclosed in the Expense Statement), then (provided Tenant is not in default) such excess shall be credited toward future installments of Tenant’s Expense Charge until exhausted, unless the Lease Term shall have expired, in which event, Landlord shall (provided all amounts owing by Tenant to Landlord have been paid) refund such excess to Tenant within 30 days after such amount is known. If Tenant’s Pro Rata Share of the actual increase in Operating Expenses exceeds the Expense Charge paid by Tenant in such calendar year, Tenant shall pay the difference to Landlord in one (1) lump sum within 20 days of receipt of Landlord’s Expense Statement. In the event that the Lease Term ends on a day other than the last day of a calendar year the amount of Tenant’s Expense Charge for such partial calendar year shall be pro rated based on the number of days in such partial calendar year. Tenant’s obligation to pay Tenant’s Expense Charge shall survive the expiration of this Lease.
Sample 1
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Expense Charge. The Expense Charge for this agreement is a monthly charge per $1,000 of the initial Specified Amount for the Policy to which this agreement is attached. The Expense Charge will be determined by the Company based on expectations as to future mortality, investment, expense and persistency experience. The Company will not adjust such rates or charges as a means of recovering prior losses nor as a means of distributing prior profits. However, the actual Expense Charge will not exceed the maximum Expense Charge stated on Page 3. A028014R Rider — Cash Value Enhancement Agreement (continued)
Sample 1
Expense Charge. As of the last day of each calendar month, New York Life will withdraw from the Fixed Dollar Account as an administrative expense charge an amount determined by GP-GIC-GEN.-OW-1 -1- 11/86 3 applying to the average balance in the Fixed Dollar Account for such calendar month expenses at an effective annual rate of 0.25%.
Sample 1
Expense Charge. In addition to Base Rent, Tenant shall pay to Landlord, commencing on the Rent Commencement Date and thereafter during the Term, as additional rent an amount (the “Expense Charge”) which is equal to the sum of:
Sample 1
Expense Charge. The Company will deduct an expense charge in the calculation of the net investment factor. This expense charge may change periodically but for the first three years after the Group Annuity Contract Date such charge will not be more than 1.50 % per annum. One three hundred sixty-fifth of the per annum charge is deducted daily. A copy of the company's current Expense Charge Schedule is attached to the Group Annuity Contract.
Sample 1

Related to Expense Charge

  • Service Charge No service charge shall be payable by a holder of a beneficial interest in a Global Security or by a Holder of a Definitive Security for any exchange or registration of transfer of Securities, or for any issue of new Securities in case of partial redemption of any series. The Company, however, may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, other than any such taxes or other governmental charge payable upon exchange or registration of transfer pursuant to Sections 2.06, 3.03(b) and 9.04.

  • Sales Charge Shares shall be sold by you at net asset value plus a front-end sales charge not in excess of 8.5% of the offering price, but which front-end sales charge shall be proportionately reduced or eliminated for larger sales and under other circumstances, in each case on the basis set forth in the current Prospectus and/or SAI. The redemption proceeds of shares offered and sold at net asset value with or without a front-end sales charge may be subject to a contingent deferred sales charge ("CDSC") under the circumstances described in the current Prospectus and\or SAI. You may reallow such portion of the front-end sales charge to dealers or cause payment (which may exceed the front-end sales charge, if any) of commissions to brokers through which sales are made, as you may determine, and you may pay such amounts to dealers and brokers on sales of shares from your own resources (such dealers and brokers shall collectively include all domestic or foreign institutions eligible to offer and sell the Shares), and in the event the Fund has more than one Series or class of Shares outstanding, then you may impose a front-end sales charge and/or a CDSC on Shares of one Series or one class that is different from the charges imposed on Shares of the Fund's other Series or class(es), in each case as set forth in the current Prospectus and/or SAI, provided the front-end sales charge and CDSC to the ultimate purchaser do not exceed the respective levels set forth for such category of purchaser in the current Prospectus and/or SAI.

  • Service Charges No service charge shall be made for any exchange or registration of transfer of Warrants.

  • No charge The provisions of this clause 13 shall not, and shall not be construed so as to, constitute a charge by a Bank over all or any part of a sum received or recovered by it in the circumstances mentioned in clause 13.3.

  • Expenses Reimbursement State Street shall be entitled to receive from the Fund on demand reimbursement for its cash disbursements, expenses and charges, excluding salaries and usual overhead expenses, as set forth in Schedule A.

  • Fees Charges All points, fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Mortgage Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. This representation and warranty is a Deemed Material and Adverse Representation; and

  • Rent and Charges Reserve the aggregate of (a) all past due rent and other amounts owing by an Obligor to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver.

  • FEES; EXPENSES; EXPENSE REIMBURSEMENT The Administrator shall receive from the Funds such compensation for the Administrator’s services provided pursuant to this Agreement as may be agreed to from time to time in a written fee schedule approved by the parties and initially set forth in the Fee Schedule to this Agreement. The fees are accrued daily and billed monthly and shall be due and payable upon receipt of the invoice. Upon the termination of this Agreement before the end of any month, the fee for the part of the month before such termination shall be prorated according to the proportion which such part bears to the full monthly period and shall be payable upon the date of termination of this Agreement. In addition, the Funds shall reimburse the Administrator for its out-of-pocket costs incurred in connection with this Agreement. The Funds agree promptly to reimburse the Administrator for any equipment and supplies specially ordered by or for the Funds through the Administrator and for any other expenses not contemplated by this Agreement that the Administrator may incur on the Funds’ behalf at the Funds’ request or with the Funds’ consent. Each Fund will bear all expenses that are incurred in its operation and not specifically assumed by the Administrator. Expenses to be borne by the Funds, include, but are not limited to: organizational expenses; cost of services of independent accountants and outside legal and tax counsel (including such counsel’s review of a Fund’s registration statement, proxy materials, federal and state tax qualification as a regulated investment company and other reports and materials prepared by the Administrator under this Agreement); cost of any services contracted for by the Funds directly from parties other than the Administrator; cost of trading operations and brokerage fees, commissions and transfer taxes in connection with the purchase and sale of securities for the Funds; investment advisory fees; taxes, insurance premiums and other fees and expenses applicable to its operation; costs incidental to any meetings of shareholders including, but not limited to, legal and accounting fees, proxy filing fees and the costs of preparation, printing and mailing of any proxy materials; costs incidental to Board meetings, including fees and expenses of Board members; the salary and expenses of any officer, director\trustee or employee of the Funds; costs incidental to the preparation, printing and distribution of the Funds’ registration statements and any amendments thereto and shareholder reports; cost of typesetting and printing of prospectuses; cost of preparation and filing of the Funds’ tax returns, Form N-1A or N-2 and Form N-SAR, and all notices, registrations and amendments associated with applicable federal and state tax and securities laws; all applicable registration fees and filing fees required under federal and state securities laws; fidelity bond and directors’ and officers’ liability insurance; and cost of independent pricing services used in computing each Fund’s net asset value. The Administrator is authorized to and may employ or associate with such person or persons as the Administrator may deem desirable to assist it in performing its duties under this Agreement; provided, however, that the compensation of such person or persons shall be paid by the Administrator and that the Administrator shall be as fully responsible to the Funds for the acts and omissions of any such person or persons as it is for its own acts and omissions.

  • Payment of Charges All amounts chargeable to Borrower under Section 6 hereof shall be Obligations secured by all of the Collateral, shall be payable on demand and shall bear interest from the date such advance was made until paid in full at the rate applicable to Revolving Credit Loans from time to time.

  • Fees, Expenses and Reimbursement (a) So long as the Administrator provides Administrative Services to the Company, it shall be entitled to receive reasonable and customary fees for such services as well as out-of-pocket expenses as may be agreed to by the Administrator and the Company pursuant to a separate written agreement.

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