PRO-RATION OF FEES. If a participant is released from Host Employer or departs prior to completionof their Trainee program, limited refunds may be assessed. Should there be any disputes,AIFS shall make a binding decision before the participant leaves the Host Employer.
PRO-RATION OF FEES. If this Advisory Agreement becomes effective or terminates before the end of any quarter, the Management and Incentive Fees shall be pro-rated based on the number of days the Advisory Agreement was in effect during the quarter.
PRO-RATION OF FEES. In the event that a fee period under this Agreement is less than one full quarter, then the Fee for the period shall be the product obtained by multiplying a full quarterly fee by a fraction, the numerator of which shall be the number of days this Agreement is in effect prior to the end of the calendar quarter and the denominator of which shall be 90.
PRO-RATION OF FEES. To the extent that Fees are paid in advance in respect of any Non-objecting Trust Account for the period during which the Closing Date occurs, HSBC shall on the Closing Date make a payment to Alliance, with respect to each such Non-Objecting Trust Account, equal to the amount determined by multiplying (i) the total amount of such fee paid for such period in respect of such Non-objecting Trust Account times (ii) a fraction, the numerator of which is the number of days remaining in such period after the Closing Date and the denominator of which is the total number of days in the period. To the extent that fees are paid in arrears in respect of any Non-objecting Trust Account for the period during which the Closing Date occurs, Alliance shall make a payment to HSBC equal to the amount determined by multiplying (i) the total amount of such fee paid for such period times (ii) a fraction, the numerator of which is the number of days elapsed in such period (through and including the Closing Date) and the denominator of which is the total number of days in the period. Any such payments shall be made to HSBC by the end of the month in which the fees are received by Alliance. Any “tax letter fee” received in respect of the Non-objecting Trust Accounts shall be fully allocated to the party that prepares and files the tax returns for the fiscal year to which the fee relates. Termination fees generated after the Closing Date from Trust Accounts with respect to which, prior to the Closing Date, a petition has been filed with the Surrogate’s Court with respect to termination of the trust or where a valid receipt and release has been mailed to interested parties will be divided evenly between the parties, and Alliance shall account to HSBC for such fees as and when such fees are collected. 6.13
PRO-RATION OF FEES. If this Investment Management Agreement becomes effective or terminates before the end of any quarter, the Management and Incentive Fees shall be pro-rated based on the number of days the Investment Management Agreement was in effect during the quarter.
