Service Payments. Subject to the direction and control of the Board of Trustees as set forth in the Plan, the Fund shall make Service Payments to Qualified Recipients pursuant to instructions by the Distributor, either directly to the Distributor or, as instructed, through the Distributor or shareholder servicing agent to other Qualified Recipients. The amounts, sources and purposes of the Service Payments shall be subject to the restrictions set forth in the Plan. To the extent that Service Payments are made directly to the Distributor, the Distributor acknowledges that such payments are intended as compensation for the Distributor’s services as contemplated by the Plan and undertakes to provide such services.
Service Payments. (a) The Company may also pay the Distributor a fee (a “Service Fee”), as defined by Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., which shall be calculated and accrued daily and paid monthly, of up to 0.25% annually of the average daily net assets attributable to the Class C Shares of each of the Funds. In determining the amounts payable on behalf of a Fund under the Plan, the net asset value of the Fund’s Class C Shares shall be computed in the manner specified in the Company’s then current Prospectuses and statements of Additional Information describing such Class C Shares.
(b) Payments to the Distributor under subsection (a) above shall be used by the Distributor to make periodic payments or commissions to one or more securities dealers, brokers, financial institutions, or other industry professional, such as investment advisors, accountants, and estate planning firms (each a “Service Organization”) in order to cover expenses and activities primarily intended to result in the sale of Class C Shares of the Funds.
Service Payments. In the case of an emergency or urgent situation that occurs after local office hours, that endangers the safety or health of the Consumer, the HCW/PSW must notify the case manager or service plan coordinator within two (2) business days to receive authorization of the work. A HCW/PSW who works urgent/emergency hours at the end of a pay period, and provides timely notice to the Case Manager, shall have their prior authorized worked hours paid per the pay schedule and additional hours as soon as possible, but no later than the next pay period.
Service Payments. Class Counsel will file a motion requesting service payments to the Class Representatives not to exceed $30,000 in the aggregate. Defendant has agreed that it will take no position regarding this request, provided the request made to the Court is consistent with this Section. As soon as practicable following the Effective Date, the Settlement Administrator will pay from the Settlement Amount any service payments awarded by the Court.
Service Payments. Provided that on each of the following dates this Letter Agreement has not been terminated pursuant to Section 4.1, Section 4.2 or Section 4.3 of the Program, a Service Payment will be made to you in the following amounts: June 30, 2012 $ 125,000.00 December 31, 2012 $ 125,000.00 June 30, 2013 $ 125,000.00 December 31, 2013 $ 125,000.00 June 30, 2014 $ 125,000.00 December 31, 2014 $ 125,000.00 June 30, 2015 $ 125,000.00 December 31, 2015 $ 125,000.00 ; provided, however, any Service Payment that would otherwise be due after March 15 of the Xxxxx X. Xxxxxxxxx June 2, 2010 year following the year in which your employment or consultancy with the Company terminates pursuant to Section 4.2 or Section 4.3 of the Program, shall instead be paid on March 15 of the year following the termination year.
Service Payments. The Company, on behalf of itself and all future Owners of each Parcel, hereby agrees to make the Service Payments due during its period of ownership of each Parcel, all pursuant to and in accordance with the requirements of the TIF Statutes, the TIF Ordinances, and the provisions of Ohio law relating to real property tax collections and any subsequent amendments or supplements thereto. Service Payments will be made semiannually to the County Fiscal Officer (or to that officer’s designated agent for collection of the Service Payments) on or before the final dates for payment of real property taxes for the Parcels. Any late payments will bear penalties and interest at the then current rate established under Sections 323.121 and 5703.47 of the Ohio Revised Code or any successor provisions thereto, as the same may be amended from time to time. Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinances and, for each Parcel, will be in the same amount as the real property taxes that would have been charged and payable against any Improvements to that Parcel if it were not exempt from taxation pursuant to the TIF Exemptions, including any penalties and interest. The City and Company agree that the Xxxxxxx-Xxxxxxxx Account of the Brecksville Urban Redevelopment Tax Increment Equivalent Fund established pursuant to Ordinance No. 5307 (the “41 TIF Fund”) will receive all Service Payments made with respect to the 41 Improvements to each Parcel of the 41 TIF Project Site that are payable to the City and, if permitted by law, any investment earnings on the portion of the Service Payments in the 41 TIF Fund payable to the Company hereunder. To the extent the Parcels are not subject to the 41 TIF Exemption, the City and Company agree that the Xxxxxxx-Xxxxxxxx Account of the Brecksville Municipal Public Improvement Tax Increment Equivalent Fund established pursuant to Ordinance No. (the “40(B) TIF Fund”) will receive Service Payments, if any, made with respect to the 40(B) Improvements to each Parcel of the 40(B) TIF Project Site that are payable to the City and, if permitted by law, any investment earnings on the portion of the Service Payments in the 40(B) TIF Fund payable to the Company hereunder. The 40(B) TIF Fund and the 41 TIF Fund shall collectively be referred to herein as the “TIF Funds”. Notwithstanding any other provision of this Agreement or the TIF Ordinances, the 40(B) TIF Exemption and the obligation to mak...
Service Payments. 3.1 Party B shall pay Party A or Party A’s fiduciaries for service fees in a timely manner in accordance with the pricing and charging standards defined in this annex, the supplementary agreements of this annex (if any) and the execution documents.
3.2 If Party B fails to pay the relevant service fees as scheduled according to the provisions in this annex, the supplementary agreements of this annex (if any) and the execution documents, Party B shall pay Party A 0.05% of the overdue amount as fine for delaying payment every one (1) day (calendar day, hereinafter inclusive); if the payment is deferred for sixty (60) days, Party A may inform Party B in written form of the suspension of the service; if Party B fails to pay the relevant service fees within thirty (30) days upon the receipt of the written notification, Party A may declare the termination of the relevant services. However, the suspension or termination of the services will not affect the rights and obligations underway between the two Parties under this annex.
Service Payments a. On or before the first Business Day of each Quarter during the Term, DCJ will:
i. calculate the Service Payment for that Quarter; and
ii. by the 5th Business Day of that Quarter, make the Service Payment and issue the RCTI.
b. DCJ and the Service Provider acknowledge that they (or in the case of DCJ, an entity on behalf of DCJ) are registered for GST when they enter into this Agreement and that each party will notify the other party if it (or the relevant entity) ceases to be so registered.
c. Neither payment of the Service Payments by DCJ to the Service Provider nor the issuing of any RCTI is evidence that the Family Preservation Services have been carried out by the Service Provider in accordance with this Agreement and is to be taken as payment on account only.
d. DCJ may, in any RCTI, correct any error in any previous RCTI issued by DCJ.
Service Payments. The Owner hereby agrees to make the Service Payments due during its period of ownership of each Parcel, all pursuant to and in accordance with the requirements of the TIF Statutes, the TIF Ordinances, the provisions of Ohio law relating to real property tax collections, and any subsequent amendments or supplements thereto. Service Payments will be made semiannually to the County Treasurer (or to the County Treasurer’s designated agent for collection of the Service Payments) on or before the final dates for payment of real property taxes for the Parcels, until expiration of the TIF Exemption. Any late payments will bear penalties and interest at the then current rate established under Sections 323.121 and 5703.47 of the Ohio Revised Code or any successor provisions thereto, as the same may be amended from time to time. Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinances and, for each Parcel, will be in the same amount as the real property taxes that would have been charged and payable against the Improvement to that Parcel if it were not exempt from taxation pursuant to the TIF Exemption, including any penalties and interest. The Owner will not, under any circumstances, be required (i) for any tax year to pay both real property taxes and Service Payments with respect to any portion of the Improvement to a Parcel, whether pursuant to Section 5709.42 of the Ohio Revised Code or this Agreement, and
Service Payments. Developers hereby agree, and will require Phase 2 Successors and successors in ownership of the portions of the property contained in Phase 1 to agree, to make service payments in lieu of taxes (“Service Payments”) attributable to their respective periods of ownership of such portion of the Property which is subject to a TIF Exemption. Service Payments will be made in accordance with the requirements of the TIF Statutes and the TIF Ordinance, and any subsequent amendments or supplements thereto, and will be in the same amount as the real property taxes that would have been charged and payable against the Improvements (after credit for any property tax rollback payments received) had the TIF Exemption not been granted, including any penalties and interest. Developers will not, under any circumstances, be required for any tax year to pay both real property taxes and Service Payments with respect to the Improvements, whether pursuant to the TIF Statutes, the TIF Ordinance, or this Agreement. Service Payments will be made semiannually to the Delaware County Treasurer (or to such Treasurer's designated agent for collection of the Service Payments) on or before the date on which real property taxes would otherwise be due and payable for the Property. Any late payments will bear penalties and interest at the then current rate established under Ohio Revised Code Sections 323.121 and 5703.47 or any successor provisions thereto, as the same may be amended from time to time. Service Payments received by Sunbury shall be deposited into the municipal public improvement tax increment equivalent fund(s) (“TIF Fund(s)”) which are created by the TIF Ordinance(s).
