The Support Payments Sample Clauses

The Support Payments. The Support Payments to be made by Lord Xxxxxx to the Company shall be as follows: (a) Lord Xxxxxx shall make quarterly Support Payments to the Company in an amount equal to an annualized fee of % (basis points) of the average daily net assets of Class VC shares of each Fund held by the Accounts on behalf of the Contract Owners and maintained by the Company in an omnibus environment (“Qualifying Shares”). The Support Payments shall be calculated for quarters ending on the last days of March, June, September and December. (b) Lord Xxxxxx shall calculate the Support Payments due to the Company no later than 30 calendar days after the end of each of the quarterly periods referenced in Section 2(a) above. (c) Lord Xxxxxx shall make the Support Payment to the Company within 30 days after calculating the amount of such Support Payment; provided, however, if the Company identifies what it believes may be an error in the calculation of a quarterly Support Payment, the Company shall promptly bring such error to the attention of Lord Xxxxxx, and Lord Xxxxxx and the Company shall promptly negotiate in good faith to determine the proper calculation of such quarterly Support Payment. (d) In addition to the foregoing Support Payments, and on a case-by-case basis as may be agreed upon from time to time by the Company and Lord Xxxxxx, Lord Xxxxxx may reimburse the Company for Lord Xxxxxx’x participation in specific internal events sponsored by the Company, such as training or educational seminars, conferences and meetings, provided that, in all cases, such payments are consistent with applicable rules and procedures.
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The Support Payments. The Support Payments to be made by Lord Xxxxxx to Company shall be as follows: (a) Lord Xxxxxx shall make quarterly Support Payments to Company in an amount equal to the product of: (i) the average daily net asset value of the Shares held by the Separate Accounts ("Qualifying Shares"); and (ii) an annual rate of 0.05% (5 basis points) in respect of the Qualifying Shares. The average daily net asset value of such Shares on a given day will be the net asset value reported by such Fund on that day to NASDAQ's Mutual Fund Quotation Service. (b) For purposes of this Agreement, Qualifying Shares do not include shares of: (i) money market Funds; and (ii) any Fund that is not available for purchase by new investors or is otherwise only available for purchase by existing shareholders pursuant to the terms of the Fund's then-current prospectus (a "Closed Fund"). The parties agree that in the event a Closed Fund is re-opened to new investors, shares of such previously Closed Fund no longer will be excluded from the definition of Qualifying Shares under this Section 2(b), provided that such shares otherwise satisfy the definition of "Qualifying Shares" under Section 2(a), and that no further amendment of this Agreement shall be necessary upon such event. The Support Payments shall be calculated for quarters ending on the last days of March, June, September and December. (c) Company shall send Lord Xxxxxx the quarterly invoices for Support Payments with respect to Qualifying Shares no later than thirty (30) calendar days after the end of each of the quarterly periods referenced in Section 2(a) above. Each such quarterly invoice shall include the average daily net asset value of the Qualifying Shares. (d) Lord Xxxxxx shall pay to Company by check the quarterly Support Payment calculated pursuant to this Section 2 not later than the 60th calendar day after the date on which Lord Xxxxxx receives the corresponding invoice for such quarterly Support Payment from Company. Notwithstanding the foregoing, if Lord Xxxxxx identifies what it believes may be an error in the calculation of a quarterly Support Payment, Lord Xxxxxx shall promptly bring such error to the attention of Company, and Lord Xxxxxx and Company shall promptly negotiate in good faith to determine the proper calculation of such quarterly Support Payment. (e) In addition to the foregoing Support Payments, and on a case-by-case basis as may be mutually agreed upon from time to time by Company and Lord Xxxxxx, Lord...
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Related to The Support Payments

  • Administrative Support Service Fees Within forty-five (45) days of the end of each calendar quarter, the Fund will make payments in the aggregate amount of 0.0625% (0.25% on an annual basis) of the average during that calendar quarter of the aggregate net asset value of the Shares computed as of the close of each business day (the "Service Fee"). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Administrative Support Services Fees Within forty-five (45) days of the end of each calendar quarter or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.25% on an annual basis of the average during the period of the aggregate net asset value of the Shares computed as of the close of each business day (the “Service Fee”). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Telephone Support The Fund Designated Persons may contact State Street’s HORIZONR Help Desk and Fund Assistance Center between the hours of 8 a.m. and 6 p.m. (Eastern time) on all business days for the purpose of obtaining answers to questions about the use of the System, or to report apparent problems with the System. From time to time, the Fund shall provide to State Street a list of persons who shall be permitted to contact State Street for assistance (such persons being referred to as the “Fund Designated Persons”).

  • Expense Accrual and Payment Services (1) For each valuation date, calculate the expense accrual amounts as directed by the Trust as to methodology, rate or dollar amount. (2) Process and record payments for Fund expenses upon receipt of written authorization from the Trust. (3) Account for Fund expenditures and maintain expense accrual balances at the level of accounting detail, as agreed upon by USBFS and the Trust. (4) Provide expense accrual and payment reporting.

  • Administrative Support Employee shall be provided with office space and administrative support.

  • Payment Amounts The aggregate Payments to be made in any fiscal year shall not exceed an amount that is equal to the corresponding Appropriated Amount. (For example, for the Payments due on December 1, 2022 and on June 1, 2023, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2021.) Furthermore, the amount of each such Payment shall not exceed the amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” (payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Dubuque County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding the extant Payment due date.

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

  • Payments for Distribution Assistance and Administrative Support Services (a) Payments to the Distributor. In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • Online Payments Payments made online are made with an free consent after agreeing to the terms and conditions, All payments received online will be by default processed on agreeing with terms and condition, any disputes made afterwards will be null and void. All disputes will be in the jurisdictions of Hyderabad. This agreement is made on this the day, month and year first above mentioned and the parties to this deed have put their signatures at their free will and consent and after going through all the terms and conditions before the following: Amount Paid: 69620 Due Payment: 0.00 Due Date: NA Signature of Client / Applicant Signature of Consultant

  • TAX SUPPORT SERVICES BNY Mellon shall provide the following tax support services for each Fund:  Provide various data and reports as agreed upon in the SLDs to support TRP’s tax reporting and tax filing obligations, including: · Wash sales reporting; · QDI reporting; · DRD reporting; · PFIC analysis; · Straddle analysis; · Paydown adjustments; · Equalization debit adjustments · Tax compliance under §851, §817(h); · Foreign bond sale analysis (§988); · Troubled debt analysis; · Estimation of income for excise tax purposes; · Swap analysis; · Inflation adjustments; · §1256 adjustments; · Market discount analysis; OID adjustments; · CPDI analysis; · Shareholder tax reporting information (e.g. FTC, UGG income, foreign source income by country, exempt income by state);  Provide data, and reports based on such data, maintained by BNY Mellon on its fund accounting platform as reasonably requested by TRP to support TRP’s obligations to comply with requests from tax authorities and TRP’s tax reporting and tax filing obligations.  Assist with other tax-related data needs as mutually agreed upon in writing from time-to-time.

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