Wrap Fee. You agree to pay any Wrap Fee in accordance with this Advisory Agreement. The Wrap Fee is not negotiable. Rize reserves the right to waive the Wrap Fee or any part thereof for any period for any client at its sole discretion. At this time Xxxx has elected to waive the Wrap Fee but reserves the right to reinstate any Wrap Fees in its sole discretion provided that Rize provides you with at least 30 calendar days' notice. To this end, and not in limitation of the foregoing, Rize may, from time to time, elect to launch programs or initiatives whereby Wrap Fees may be waived, in whole or in part. Any such program or initiative (i) is entirely discretionary to Rize, and may be expanded, narrowed, suspended, cancelled or modified at any time by Rize, and (ii) will be subject to any rules, guidelines and/or terms and conditions created by Rize in connection therewith (which rules, guidelines and/or terms may be included in website landing pages, on Rize's website generally and/or elsewhere). To the extent any such program or initiative is cancelled or terminated, you will once again be charged the then-current Wrap Fees on a going-forward basis. The Client agrees and acknowledges that Xxxx shall have sole discretion in determining whether or not to charge any Wrap Fee. In the future, Xxxx may choose to institute a minimum account opening balance is $5.00. Rize customers choose the fee that they pay each month for the use of Rize’s services on a person-by-person basis. If Rize elects to instate the Wrap Fee, the maximum Wrap Fee charged is based upon the amount of money you transfer to your Rize Account. For accounts under $5,000, the client may choose to pay a fixed fee of up to $10 per month. For accounts of $5,000 or more, the client may choose to pay a fee of up to 2.5% annually of the account balance. Such Wrap Fees are charged monthly, in arrears, and will be calculated on the average daily balance of the previous month in the Rize Account, will be billed within the first two weeks of the month. We believe our fee is reasonable considering the fees charged by other investment advisers offering similar services/programs. Our fees will not be based upon a share of capital gains or capital appreciation of the funds or any portion of your funds. For accounts with a balance of under $5,000, you will authorize a direct debit up to the maximum amount determined by the Wrap Fee from your Rize Account to pay us. Each time you use our Services you reaffirm that our fee...
Wrap Fee. Subject to Section 3.01(b) of this Agreement and Section 3.01 of the Fee and Capitalization Agreement, each ACRA 2 Investment Entity shall pay or cause to be paid to ALRe on an annual basis the Wrap Fee with respect to each Approved Qualifying Transaction in which such ACRA 2 Investment Entity or any other ACRA 2 Party that is a part of such ACRA 2 Investment Entity’s ACRA 2 Silo is participating. The “Wrap Fee” with respect to each Approved Qualifying Transaction shall be an amount determined in accordance with the Fee and Capitalization Agreement, which amount will generally be (i) with respect to each Approved Qualifying Transaction, other than any Flow Reinsurance Transaction, an amount equal to (x) ten (10) to sixteen (16) basis points per annum multiplied by (y) the sum of the total reserves of the applicable ACRA 2 Parties and total repurchase agreement borrowings with respect to such Approved Qualifying Transaction, in each case, determined as of the effective date or the closing date, as applicable, of such Qualifying Transaction and (ii) with respect to each Flow Reinsurance Agreement, an amount equal to (x) sixteen (16) basis points per annum multiplied by (y) the sum of the total reserves of the applicable ACRA 2 Parties and total repurchase agreement borrowings with respect to such Flow Reinsurance Transaction, in each case, determined as of the effective date or the closing date, as applicable, of such Qualifying Transaction. Subject to Section 3.01 of the Fee and Capitalization Agreement, in the event that, with respect to any Approved Qualifying Transaction, the applicable Athene Party does not exercise its Commutation Right with respect to such Approved Qualifying Transaction as of the Initial Commutation Date in accordance with the applicable Transaction Agreements, or the applicable ACRA 2 Investment Entity rejects the applicable Athene Party’s exercise of its Commutation Right in accordance with the terms and conditions of the applicable Transaction Agreements, then the applicable ACRA 2 Investment Entity’s obligation to pay the Wrap Fee with respect to such Approved Qualifying Transaction shall terminate with respect to all periods following the Initial Commutation Date with respect to such Approved Qualifying Transaction.
