Minimum Fees definition
Examples of Minimum Fees in a sentence
Following the Initial Year, Licensee shall pay S&P a minimum fee of two thousand five hundred U.S. Dollars ($2,500) for every series of the Product launched by Licensee (the “Series Minimum Fee”) after that Initial Year, provided, however that the total Series Minimum Fees in aggregate paid by Licensee to S&P for any one (1) year period shall not exceed Ten Thousand U.S. Dollars ($10,000).
Annual Minimum Fees Domestic Equity Portfolio $35,000 Domestic Fixed Income Portfolio $45,000 International Series Portfolio $70,000 Per Class of Share Fee $ 4,000 There is an annual minimum fee that will be charged only if the annual asset based fee is less than the calculation for the minimum fee.
In the event Customer terminates this agreement prior to the end of the Term, in lieu of further Minimum Fees after the full pay off of WFBC, Customer shall pay WFBC $1,000,000 if such termination occurs during the first year of the Term, $750,000 if the termination occurs during the second year of the Term and $500,000 if the termination occurs during the third year of the term (each, the “Termination Fee”).
WFBC agrees that if Customer obtains financing from any W▇▇▇▇ Fargo & Co. entity and such financing is utilized for paying off all obligations to WFBC hereunder, including the repurchase of all Accounts, and Customer ceases selling Accounts hereunder, Minimum Fees for the remainder of the then current Term shall be waived from the date of the full pay off to WFBC or the date selling of Accounts ceases, whichever is later.
At the end of the Performance Period, with respect to the Fund, the Trust will pay the Adviser the total Management Fee for the Performance Period, less the amount of the Minimum Fees paid during the Performance Period.