Schedule of Basis of Compensation for Loan Sample Clauses

Schedule of Basis of Compensation for Loan. Please contact your broker-dealer for information concerning calculation of the Loan Fee.
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Schedule of Basis of Compensation for Loan. The compensation to Counterparty will be in the form of a Loan Fee, which will be credited daily. The Loan Fee is calculated as 15% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 85% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firm. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program. Annex I-A “Party acting as Agent” hereby does not apply. Annex II Market Value Shall not apply Annex III Term Loans Shall not apply Schedule B (Optional)
Schedule of Basis of Compensation for Loan. The net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firm. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program. Annex I-A “Party acting as Agent” xxxxxx does not apply. Xxxxx XX Market Value Shall not apply Annex III Term Loans Shall not apply Schedule B (Optional)
Schedule of Basis of Compensation for Loan. The compensation for the Loan will be paid by Apex to Counterparty's introducing broker, ("Introducing Broker"). The Compensation to Introducing Broker will be in the form of a Loan Fee, which will be credited to Introducing Broker daily. The Loan Fee is calculated as 50% of the net proceeds earned and received by Apex for relending Counterparty's shares. The remaining 50% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation. The percentages may be changed by Apex in Apex's sole discretion. Unless otherwise agreed, any Loan Fee payable to Introducing Broker hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. The only compensation to Counterparty for the Loan will be in the form of reduced management fees by Introducing Broker. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation's Fully-Paid Securities Lending Program. Annex I-A "Party acting as Agent" hereby does not apply. Annex II Market Value Shall not apply Annex III Term Loans Shall not apply Schedule B (Optional) Defined Terms and Supplemental Provisions IMPORTANT DISCLOSURES REGARDING RISKS AND CHARACTERISTICS OF PARTICIPATING IN APEX CLEARING CORPORATION'S FULLY-PAID SECURITIES LENDING PROGRAM Please read these important disclosures carefully before deciding whether to participate in Apex Clearing Corporation's Fully-Paid Securities Lending Program and before signing a Master Securities Lending Agreement for Apex Clearing Corporation's Fully-Paid Securities Lending Program. These disclosures describe important characteristics of, and risks associated with engaging in, securities lending transactions.
Schedule of Basis of Compensation for Loan. The compensation paid to Counterparty will be in the form of a Loan Fee, which will be accrued on a daily basis. The Loan Fee is calculated as 15% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 85% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing broker. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program.

Related to Schedule of Basis of Compensation for Loan

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  • COMPUTATION OF BENEFITS All hours paid to an employee shall be considered as hours worked for the purpose of computing any of the benefits under this Agreement.

  • Supplementation of Compensation Award ‌ If an employee is prevented from performing the employee's regular work with the City on account of an occupational accident that is recognized by the Workers' Compensation Board as compensable within the meaning of the Workers' Compensation Act, the City will supplement the award made by the Workers' Compensation Board for loss of wages to the employee by such an amount that the award of the Workers' Compensation Board for loss of wages (excluding non- economic loss payment), together with the supplementation by the City, will equal 100% of the employee's regular net wage (gross pay less statutory deductions, union dues and required benefit plan contributions). The said supplementation shall not be payable to any employee entitled to compensation after pension age if such an employee is entitled to an unreduced pension as provided under the Local Authorities Pension Plan or after the full age of 65 years if such an employee is not entitled to a pension. Subject to the foregoing limitation, the procedure to be followed in operating this policy shall be as follows:

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