Annual Administrative Charge definition

Annual Administrative Charge means a fee that is charged yearly. The Annual Administrative Charge may go up or down but is guaranteed not to exceed $45. The Annual Administrative Charge as of the Policy Date is shown on the Policy Data pages.
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Annual Administrative Charge. [$35. Charge is waived if Contract Value exceeds $50,000.]
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Annual Administrative Charge means a fee that is charged yearly. The annual administrative charge may go up or down but is guaranteed not to exceed $45. The annual administrative charge as of the policy date is shown on the policy data page.
Sample 1

Examples of Annual Administrative Charge in a sentence

  • By May 31 of the year following the Purchase Period, the Authority shall reconcile the forecasted amounts paid by the Owner pursuant to Section IV(B) with the actual amounts that the Owner is obligated to pay for the same in accordance with Sections IV(A); provided, however, that there shall be no reconciliation for the Annual Administrative Charge or the Annual Capital Replacement Fund.

  • On or before the Preliminary Forecast Date and then again on or before the Final Forecast Date for each Purchase Period, the Authority shall notify the Owner of the forecasted amounts for the Annual Water Charge, the Annual O&M Charge, the Annual Administrative Charge, the Annual Improvement Charge, the Annual Capital Replacement Charge, and the Annual Recapture Fee, as such amounts have been calculated in accordance with this Section IV(B).

  • During each Purchase Period, the Owner shall pay equal monthly installments of the amounts forecasted in accordance with this Section IV(B) for the Annual Water Charge, the Annual O&M Charge, the Annual Administrative Charge, the Annual Improvement Charge, the Annual Capital Replacement Charge, and the Annual Recapture Fee.

  • The total annual financial obligation of the Owner for each Purchase Period (the “Total Annual Charge”) consists of: (i) the Annual Water Charge, (ii) the Annual O&M Charge, (iii) the Annual Administrative Charge, (iv) the Annual Improvement Charge, (v) the Annual Capital Replacement Charge, and (vi) the Annual Recapture Fee, as all such components are defined herein.

  • If the reconciliation establishes that the forecasted Total Annual Charge (excluding the Annual Administrative Charge and the Annual Capital Replacement Charge) exceeds the actual Total Annual Charge (excluding the Annual Administrative Charge and the Annual Capital Replacement Charge), then the Authority shall, in conjunction with the second quarter reconciliation in the year following the Purchase Period (i) credit the Owner’s account for the overpayment.

  • The Authority may invoice the Owner for any underpayments of the actual Total Annual Charge (other than the actual Annual Administrative Charge and the Annual Capital Replacement Charge), and the Owner shall pay the Authority such amount within forty-five (45) days of the Owner’s receipt of an invoice, together with information in reasonable detail to support the Authority’s reconciliation calculations.


More Definitions of Annual Administrative Charge

Annual Administrative Charge. [$35] Any portion of the Annual Administrative Charge against the Guaranteed Interest Account cannot exceed $30.
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Annual Administrative Charge. The Owner’s share of the Authority’s Annual Administrative Costs incurred during a Purchase Period. The Annual Administrative Charge is calculated pursuant to Section IV and is a component of the Total Annual Charge.
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Related to Annual Administrative Charge

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and administering and carrying out the terms of the Settlement.

  • Minor Administrative Change refers to a change to the Contract that does not increase the fees or term and done in accordance with Section 4.01 of these Special Conditions.

  • Administrative Expenses means (i) all administrative and operating costs and expenses incurred by the Partnership, (ii) those administrative costs and expenses of the General Partner, including any salaries or other payments to directors, officers or employees of the General Partner, and any accounting and legal expenses of the General Partner, which expenses, the Partners have agreed, are expenses of the Partnership and not the General Partner, and (iii) to the extent not included in clause (ii) above, REIT Expenses; provided, however, that Administrative Expenses shall not include any administrative costs and expenses incurred by the General Partner that are attributable to Properties or partnership interests in a Subsidiary Partnership (other than this Partnership) that are owned by the General Partner directly.

  • General and Administrative Costs means reasonable, normal and customary expenses and costs paid or payable that are classified as general and administrative costs, including salaries and all other compensation to the management of the Borrower, consulting fees, salary, rent, supplies, travel and entertainment, insurance, accounting, legal, engineering and broker related fees, required to manage the affairs of the Borrower.