Fee Rebates. (a) With respect of each calendar quarter beginning on January 1, 2020 and ending December 31, 2023, Gatherer shall pay Shipper a rebate (as calculated below) (each, a “Fee Rebate”) on the Gathering Fees for the applicable quarter. Any Fee Rebate shall be included in the invoice delivered by Gatherer for the last month of each such calendar quarter and credited against amounts owed by Shipper to Gatherer for the Gathering Fees in the last month of such calendar quarter. If the Fee Rebate is more than the amounts owed by Shipper to Gatherer for the Gathering Fees in the last month of the applicable quarter, then the excess Fee Rebate shall roll over and be credited against amounts owed by Shipper to Gatherer for the Gathering Fees in the next subsequent month(s) until such Fee Rebate credit is fully utilized.
Fee Rebates. As an inducement to Client to sell only the Accounts from which Riviera can expect prompt payment in full directly from Customer, Riviera agrees to return monthly to Client, when said Account(s) is/are paid in full by Customer, the amount of Fee Deposit in excess of the Factoring Fee in the form of a Fee Rebate. Any such rebate to Client may be retained by Riviera at Riviera’s sole discretion as further security for payment of any and all obligations and indebtedness owing by Client. In the event of a default by Client for any reason, no rebate shall be due or payable to Client.
Fee Rebates. To the extent that any mutual funds or other investments held by the account pay or offer to pay any compensation to us, including but not limited to 12b-1 fees, dis- tribution, transfer and sub-transfer agent fees, or shareholder servicing fees with respect to the Account and receipt of such compensation by us or our affiliates would constitute an ERISA prohibited transaction and does not qualify for a prohibited transaction exemption, then such compensation and payments shall be rebated to the Plan through the account or shall be used to off-set, dollar-for-dollar, other fees payable by the Plan. All such credits or off-sets will be appropriately documented with copies periodically provided to you.
Fee Rebates. Notwithstanding Section 5(A) or 5(B) of this Agreement, SAVE Advisers agrees to rebate 100% of the wrap fee for any Wrap Fee Program to the Client in accordance with the following parameters: • For the CD Wrap Program, if at the scheduled maturity of a given related strategy-linked security, deduction of the wrap fee (whether or not previously paid) in respect thereof for that program (as that term is in the Brochure), would reduce the maturity proceeds of that program below the Client’s initial investment in that program. This rebate feature means that for each program (as that term is in the Brochure) under the CD Wrap Program, SAVE Advisers takes a fee only if you receive a positive net performance from that program. • For the Debit Invest Wrap Program, if at the scheduled maturity of a given strategy-linked security deduction of the wrap fee (whether or not previously paid) for that strategy-linked security would yield a return of zero. This rebate feature means that for each strategy- linked security credited under the Debit Invest Wrap Program, SAVE Advisers charges a fee only if you receive positive net performance from that strategy-linked security. Client acknowledges the following in respect of the fee rebate program: (1) Client is automatically enrolled in the SAVE Advisers fee rebate program; (2) SAVE Advisers may discontinue the fee rebate program for the Client at any time, provided that, the fee rebate program may not be discontinued for any strategy-linked security in the Account and not yet matured as of the date of determination of the discontinuation of the fee rebate program; and (3) the fee rebate program will not apply to the extent that the Account is terminated by Client or a given strategy-linked security is sold by Client prior to its scheduled maturity.
