Product Fee means a fee payable to the Programme Counterparty in respect of the relevant Series of ETC Securities and which is equal to the Product Fee Percentage which accrues on a daily basis and is applied to the aggregate Metal Entitlement per ETC Security of the Series of ETC Securities on each Scheduled Valuation Day.
Product Fee has the meaning set forth in Section 2.4.
Product Fee means, in respect of a Series, a reduction to the Metal Entitlement per ETC Security and which, as a result of such reduction, operates as a charge on holders of ETC Securities. The Issuer will periodically realise Metal equal to such charge and the proceeds will be credited to the Series Cash Account and payable to the Programme Administrator in accordance with the Programme Administrator Agreement. The Programme Administrator Agreement provides that the Programme Administrator will use the Product Fee in relation to each Series of ETC Securities to pay on behalf of the Issuer the costs of the Programme (as set out in the schedule to the Programme Administrator Agreement) relating to such Series of ETC Securities (for example the fees, costs and charges of the Transaction Parties) and the Issuer more generally. The Product Fee for this Series of ETC Securities will be calculated in accordance with Condition 4 using the Product Fee Percentage and shall accrue on a daily basis and be applied to the aggregate Metal Entitlement per ETC Security of the Series of ETC Securities on each Valuation Day.”
Examples of Product Fee in a sentence
We deduct the final Product Fee before calculating the Death Benefit.
We deduct the final Product Fee before calculating Annuity Payments.
However, if on a Quarterly Contract Anniversary the Contract Value is less than the Product Fee, we deduct any remaining Contract Value to cover the final Product Fee and reduce the Contract Value to zero.
We deduct the Product Fee for each quarter on the earlier of the following: (a) the next Quarterly Contract Anniversary, or the next Business Day if the next Quarterly Contract Anniversary is not a Business Day; or (b) when we deduct the final Product Fee.
We deduct the Product Fee from the Contract Value on each Quarterly Contract Anniversary (or the next Business Day if the Quarterly Contract Anniversary is not on a Business Day) before we use that Contract Value to compute any guaranteed value(s) under this contract.
More Definitions of Product Fee
Product Fee means the fee payable by K&S to AGR MATTHEY as specified in Item 5 of the Schedule 1 and detailed in Clause 5;
Product Fee shall have the meaning ascribed in Section 5.1.
Product Fee means, in respect of a Series, a reduction to the Metal Entitlement per ETC Security and which, as a result of such reduction, operates as a charge on holders of ETC Securities. The Issuer will periodically realise Metal equal to such charge and the proceeds will be credited to the Series Cash Account and used by the Issuer to meet fees, costs and charges payable to the Transaction Parties and of the Issuer more generally. The Product Fee for this Series of ETC Securities will be calculated in accordance with Condition Error! Reference source not found. using the Product Fee Percentage and shall accrue on a daily basis and be applied to the aggregate Metal Entitlement per ETC Security of the Series of ETC Securities on each Valuation Day.
Product Fee means, in respect of a Series, a reduction to the Allowance(s) Entitlement per Carbon ETC Security and which, as a result of such reduction, operates as a charge on holders of Carbon ETC Securities. The Issuer will periodically offer to sell relevant Product Fee Allowance(s) (the number of Allowance(s) calculated pursuant to the relevant Determination Agent Agreement and relevant Carbon Counterparty Agreement and such number of Allowance(s) subject to rounding in accordance with clause
Product Fee means any fee of any kind charged to a User in connection with an Approved Vendor Product subscribed to, obtained, or otherwise accessed by the User via the HP Command Center Service Catalogue.
Product Fee means the manufacturing fee to be charged by Manufacturer for the Products to be provided to Customer hereunder, which fee shall include the costs of materials, manufacturing, standard quality control and quality assurance, testing, documentation and packaging, which fee is set forth in Annex E;
Product Fee means the royalty, commission, fee, or price to be paid for a Product under a Channel Authorization.