Common use of Service Charge to Be Paid to BD Clause in Contracts

Service Charge to Be Paid to BD. On the Business Day next succeeding each Auction Date, the Auction Agent shall pay to BD from moneys received from the Company an amount equal to: (a) in the case of any Auction Date immediately preceding a 7-day Dividend Period or Short Term Dividend Period, the product of (i) a fraction the numerator of which is the

Service Charge to Be Paid to BD. On the Business Day next succeeding each Auction Date, the Auction Agent shall pay to BD from moneys received from the Company Trust an amount equal to: (a) in the case of any Auction Date immediately preceding a 7-day Dividend Period of 7 days or Short Term Dividend Periodless, the product of (i) a fraction the numerator of which is the number of days in such Dividend Period (calculated by counting the first day of such Dividend Period but excluding the last day thereof) and the