Monthly Administration Charge definition
Examples of Monthly Administration Charge in a sentence
Monthly Administration Charge and Mortality Risk Charge.--On each monthly date, we will deduct up to $2.50 plus up to 2c per $1,000 of face amount, from the contract fund, as a monthly administration charge.
Section D (Monthly Administration Charges) of Appendix C (Interconnection Details) to the Interconnection Agreement provides that Interconnection Customer will pay Southern Companies a Monthly Administration Charge of $5,000 for all costs and expenses incurred by Southern Companies during a month.
Monthly Administration Charge and Mortality Risk Charge.--On each monthly date, we will deduct up to $2.50, plus up to 2 cents per $1000 of face amount, from the contract fund, as a monthly administration charge.
Transmission Provider may revise the amount of the Monthly Administration Charge on an annual basis by making a filing in accordance with Article 14.
Continuing security for the Interconnection Customer’s obligations under this Agreement for, among other things, operation, maintenance, repair, and replacement of Transmission Provider’s Interconnection Facilities (Article 10.5), potential tax liability (Article 5.17.3), and the Monthly Administration Charge (Appendix C, Section D), must be provided by Interconnection Customer at least thirty (30) days prior to the In-Service Date.
Upon provision of such notice, Alabama Power reserves the right to modify the Monthly Administration Charge for the applicable Annual Period to reflect any changes in costs of administration and implementation; provided, however, that the Monthly Administration Charge shall not exceed $1,000 absent approval by the APSC.
The Monthly Administration Charge following the actual Initial Synchronization Date includes the following activities: • Costs associated with Operations; and • Cost associated with billing checkouts and data transfers.
In accordance with the activities and costs as described below, Interconnection Customer shall pay Transmission Provider a Monthly Administration Charge of $5,000 per month for costs and expenses incurred by Transmission Provider during such month.
MONTHLY ADMINISTRATION CHARGE The Monthly Administration Charge is shown in the Data Section.
Once the policy has lapsed to Extended Term Insurance, the Monthly Administration Charge will no longer apply, and no additional premium payments, transfers, partial surrenders, risk classification changes, or changes in face amount may be made.