Common use of Vendor Fees Clause in Contracts

Vendor Fees. A. DST 1. Annual Open Account Fee a. $1.82 for each Equity Fund account serviced. b. $4.33 for each Bond Fund account serviced. c. $4.33 for each Money Market Fund account serviced. The Open Account Fee will be billed monthly at a rate of 1/12 of the annual fee for each Fund account serviced during the month. 2. Closed Account Fee (Annualized) Payable at an annual rate of $1.48. The Closed Account Fee will be billed monthly at a rate of 1/12 of the annual rate and will be charged in the month following the month during which such account is closed and shall cease to be charged in the month following the Purge Date.