ANNUAL ADMINISTRATION definition

ANNUAL ADMINISTRATION. CHARGE: UNUM will deduct the amount stated in Section 1.5 from each Participant's Account each year on the last Business Day of the month in which his Participation Anniversary occurs unless the Contractholder pays the charge in a single payment. If the Participant's Account balance is less than this amount on that day, UNUM will deduct the entire balance from his Account. When a Total Withdrawal of a Participant's Account, as defined in Section 7.2, occurs on a date other than the last Business Day of the month in which his Participation Anniversary occurs, UNUM will first deduct the amount stated in Section 1.5 from his Participant's Account. ANNUAL ADMINISTRATION CHARGE: UNUM will deduct the amount stated in Section 1.5 on a pro-rata basis from the Participant's Variable Investment Division Account balance each year on the last Business Day of the month in which his Participation Anniversary occurs unless the Contractholder pays the charge in a single payment. If the Participant's Variable Investment Division Account balance is less than this amount on that day, UNUM will deduct the entire balance from his Variable Investment Division Account. When a Participant requests, on a date other than the last Business Day of the month in which his Participation Anniversary occurs,
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ANNUAL ADMINISTRATION. FEE: $5,000 This annual administration fee covers standard services required under the documents. Also includes periodic disbursements to company. An additional charge of $500 per sub-account will be billed for accounts opened in connection with certain state regulations. Transaction charges noted below apply for certain responsibilities including payments to subscribers. This annual administration fee is initially payable upon the SEC effectiveness of the offering of the Company and, thereafter, annually in January for any calendar year or portion thereof. This fee shall be reviewed at the end of the first year and may be renegotiated in accordance with new volume estimates. TRANSACTION FEES: To the extent that Wells Fargo Bank provides these services to the Company, the followixx xxansaction fees shall be charged: Wire transfer of funds to investors $15 per item Check transfer of funds to investors $15 per item Receipt and posting of incoming wires No charge Receipt and posting of incoming check No charge Asset transactions (purchases/sales/calls/deposit/withdrawals, etc.) $25 per transaction 1099 INT Tax reporting $25 per form ACH transfer of funds No charge Electronic pre-determined reports No charge Interest calculations No charge EXTRAORDINARY SERVICES: Additional reasonable compensation will be charged for extraordinary services based on the then current standard hourly charge. Extraordinary services include, but are not limited to, attending escrow closings, processing assignments of escrow interest, specialized reports (e.g. tax reporting other than 1099s), unusual certifications, reviewing and accepting modifications or amendments to the escrow agreement, and letter of credit draws, etc. The Company will be informed in advance of Wells Fargo's performance of services that are considered extraordinxxx. Any overdrafts caused by failed or incomplete wires of funds or failed or incomplete securities deliveries will be reimbursable to Wells Fargo Bank at prime plus two percent (2%). All out-of-pockets xxxxnses incurred in the administration of the account, including, but not limited to, postage, telephone charges, insurance, photocopies, supplies, and legal fees with the exception of legal fees incurred at the inception of the account, may be billed to the Company at cost. If such expenses are to be billed to the Company, the Company will be informed of such expenses before they are incurred.
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ANNUAL ADMINISTRATION. FEE: $2,500.00 This annual administration fee covers standard services required under the documents. Also includes periodic disbursements to company. This fee is payable upon the execution of the Agreement and annually thereafter for any 12-month period or portion thereof. This fee shall be reviewed at the end of the first year and may be renegotiated in accordance with new volume estimates. TRANSACTION FEES: Transaction charges noted below apply for certain responsibilities including payments to subscribers. This fee will be billed on a monthly basis. Deposits $20.00 per transaction Receipt and posting of incoming check, wire transfer or ACH No charge Refund to investor/subscriber by check or wire transfer $40.00 per transaction 1099 INT Tax reporting $25.00 per form EXTRAORDINARY SERVICES: Additional reasonable compensation will be charged for extraordinary services based on the then current standard hourly charge. Extraordinary services include, but are not limited to, attending escrow closings, processing assignments of escrow interest, specialized reports (e.g., tax reporting other than 1099s), unusual certifications, reviewing and accepting modifications or amendments to the Agreement, and letter of credit draws, etc. You will be informed in advance of Coppermark Bank's performance of services that are considered extraordinary. All out-of-pocket expenses incurred in the administration of the account, including, but not limited to postage, telephone charges, insurance, photocopies, supplies, and additional legal fees may be billed to the customer at cost per the Escrow Agent's discretion.
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Examples of ANNUAL ADMINISTRATION in a sentence

  • ANNUAL ADMINISTRATION CHARGES: $5,000.00 Covers administrative duties in connection with the provisions of the Stock Pledge Agreement.

  • ANNUAL ADMINISTRATION MAINTENANCE CHARGE: [$30] each Contract Year.

  • ANNUAL ADMINISTRATION: $2,500.00 per year, or portion thereof, payable in advance.

  • ANNUAL ADMINISTRATION FEE (AFTER 1ST YEAR): $5,000.00 All out-of-pocket expenses deemed necessary and incurred in the acceptance or the administration of this account by Fifth Third Bank, including but not limited to attorney's and agent's fees, extraordinary time and expenses of Fifth Third Bank, postage, supplies, long distance telephone charges, wire transfer fees, travel, redemption expenses, and courier expenses, are to be reimbursed in addition to payment for services rendered.

  • ANNUAL ADMINISTRATION FEE To compensate us for assuming certain administrative expenses, we charge an Annual Administration Fee as set forth on the Certificate Specifications Page.

  • ANNUAL ADMINISTRATION The annual administration maintenance charge, shown MAINTENANCE CHARGE on the contract data page, will be deducted from your Contract on the last day of each Contract Year and if you withdraw the entire contract value.

  • ANNUAL ADMINISTRATION FEE To compensate us for assuming certain administrative expenses, we charge an Annual Administration Fee equal to $30 per year.

  • ANNUAL ADMINISTRATION FEE: $1,000.00 Payable at closing and annually thereafter.

  • GLOBAL FEE SCHEDULE ANNUAL ADMINISTRATION FEE 7.0 bps on the first $250 million on non-US assets 5.0 bps on the next $250 million of non-US assets 3.0 bps after $500 million of non-US assets Assets held in specific countries will incur additional annualized asset-based charges plus transaction charges associated with each region.

  • ANNUAL ADMINISTRATION CHARGE.--For contracts issued for a purchase payment of less than $10,000, we make an annual administration charge.


More Definitions of ANNUAL ADMINISTRATION

ANNUAL ADMINISTRATION. FEE: $4,000.00 This annual administration fee covers standard services required under the documents. An additional charge of $500 per sub-account will be billed for accounts opened in connection with certain state regulations or escrow break limits (i.e. Pennsylvania, Nebraska and similar states). Transaction charges noted below apply for certain responsibilities including payments to subscribers. Customer will be responsible for 1099 Tax Reporting. This fee is payable upon the execution of the Escrow Agreement and annually thereafter for any 12 month period or portion thereof. This fee shall be reviewed at the end of the first year and may be renegotiated in accordance with new volume estimates. TRANSACTION FEES: Wire transfer of funds to investors $17.00 per item Check transfer of funds to investors $10.00 per item Receipt and posting of incoming wires No charge Receipt and posting of incoming check No charge 1099 INT Tax reporting Customer will be responsible ACH transfer of funds No charge Electronic pre-determined reports No charge Interest calculations No charge OFAC check on check deposits with copy to the Fund No charge ASSUMPTIONS o Receipt by Wells Fargo of the electronic transmission of subscriber datx xx a format compatible with Wells Fargo systems o WF has no responsibility for collecting xx xandling subscription documents o WF receives funds via deposit by issuer in the escrow bank account maintained at the Issuer's expense o Continuation of the Escrow Account after the initial break until the maximum REIT amount is reached o Investment of Funds o Monthly reporting EXTRAORDINARY SERVICES: Additional reasonable compensation will be charged for extraordinary services based on the then current standard hourly charge. Extraordinary services include, but are not limited to, attending escrow closings, processing assignments of escrow interest, specialized reports (e.g. tax reporting other than 1099s), unusual certifications, reviewing and accepting modifications or amendments to the escrow agreement, and letter of credit draws, etc. You will be informed in advance of Wells Fargo's performance of services that are considered extraordinaxx. All out-of-pockets expenses incurred in the administration of the account, including, but not limited to, postage, telephone charges, insurance, photocopies, supplies, and legal fees with the exception of legal fees incurred at the inception of the account, will be billed to the customer at cost. Billings over 30 ...
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ANNUAL ADMINISTRATION. Charges: $25,000.00 Covers all normal administration functions as Trustee for the assets pledged to the Trust as contemplated in the Trust agreement including the maintenance of administrative records, duties in connection with the security and fiduciary provisions of the Instrument, holding of and subsequent liquidation and distributions of collateral, preparation of unaudited financial statements, administration of and distributions from Reserve Account and the consideration and decision with respect to various normal administrative questions. The Trustee reserves the right to determine which services may be considered "normal". Accounting services will be provided and charged on an hourly and as needed basis. Transaction Fees ( if applicable):
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Related to ANNUAL ADMINISTRATION

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Collateral Administration Agreement An agreement dated as of the Closing Date among the Issuer, the Collateral Manager and the Collateral Administrator, as amended from time to time in accordance with the terms thereof.

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Settlement Administration Expenses means the reasonable and actually incurred fees, costs and expenses associated with retaining the Settlement Administrator, providing Class Notice, publishing Summary Notice, implementation of the Plan of Allocation and any other costs otherwise actually and reasonably incurred by the Settlement Administrator in administering the Settlement.

  • Administration Account As defined in Section 7.02.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • Administration Costs means (i) the costs and expenses associated with the production and dissemination of the Notice (as defined in Section 2.10); (ii) all reasonable costs incurred by the Settlement Administrator (as defined in Section 1.40) in administering and effectuating this Settlement, which costs and expenses are necessitated by performance and implementation of this Agreement and any Court orders relating thereto; (iii) all reasonable fees charged by the Settlement Administrator; and (iv) any other costs associated with the settlement, including but not limited to any amounts charged by TIAA or Vanguard.