Fee Adjustment. The fees for services provided by MPIC are subject to adjustment by MPIC based upon changes in local, state, and federal laws, changes in insurance requirements or costs, or changes in costs incurred by MPIC in providing such services under this Agreement. MPIC agrees to provide MP Securities with at least a thirty (30) day advance notice of a fee adjustment. Within thirty (30) days of the effectiveness of a fee increase, MP Securities shall be entitled to terminate this Agreement upon written notice to MPIC, such termination to be effective thirty (30) days from the date of such termination notice.
Appears in 4 contracts
Samples: Administrative Services Agreement (Ministry Partners Investment Company, LLC), Administrative Services Agreement (Ministry Partners Investment Company, LLC), Administrative Services Agreement (Ministry Partners Investment Company, LLC)
Fee Adjustment. The fees for services provided by MPIC are subject to adjustment by MPIC based upon changes in local, state, and federal laws, changes in insurance requirements or costs, or changes in costs incurred by MPIC in providing such services under this Agreement. MPIC agrees to provide MP Securities with at least a thirty (30) day advance notice of a fee adjustment. Within thirty (30) days of the effectiveness of a fee increase, MP Securities shall be entitled to terminate this Agreement upon written notice to MPIC, such termination to be effective thirty (30) days from the date of such termination notice.
Appears in 1 contract
Samples: Administrative Services Agreement (Ministry Partners Investment Company, LLC)
