Examples of Risk Fee in a sentence
This percentage is the Annual Mortality and Expense Risk Fee shown under Contract Data.
If the Mortality and Expense Risk Fee is more than sufficient, the Company will retain the balance as profit or may reduce this fee in the future.
CHARGES AND DEDUCTIONS The Mortality and Expense Risk Fee and the Administrative Charge are each deducted both before and after the Annuity Commencement Date to compensate for changes in mortality and expenses not anticipated by the mortality and administration charges guaranteed in the policy.
Based upon applications for payment submitted pursuant to Article 9 of the General Conditions, Owner shall make progress payments of the Preconstruction Fee, Cost of the Work, Specified General Conditions, and associated Construction Manager at Risk Fee, to the Construction Manager at Risk as provided below and elsewhere in the Contract Documents.
If Construction Manager at Risk terminates this Contract for Owner's material breach, the amount to be paid to Construction Manager at Risk shall not exceed the amount Construction Manager at Risk would have been entitled to receive under Article 13 above through the date of termination and demobilization from the Project, with the Construction Manager at Risk Fee prorated based on the actual Cost of the Work through the date of termination.
In making such calculation, the Cost of the Work shall exclude the Preconstruction Fee, the fixed cost for Specified General Conditions, the Construction Manager at Risk Fee itself, but shall include CM at Risk Field Work, Allowances, selected alternates, and reasonable Construction Manager at Risk contingencies as designated in the GMP Supporting Documents.
Merchant will be notified if the Risk Fee applies, in which case the fee will also appear on Xxxxxxxx’s monthly statements.
If a GMP Amendment or Early Work Amendment is executed, Owner shall pay the Construction Manager at Risk, as payment for the Work, the "Contract Sum" which shall equal the sum of the Preconstruction Fee, the Construction Manager at Risk Fee, the fixed Cost for Specified General Conditions Work, the actual Cost of the Work and NMGRT, but not exceeding the GMP or Early Work Amendments.
The Cost of the Work is the estimated cost to complete the Work for the Project as described in the plans and specifications and in the GMP Amendment including Construction Manager at Risk Contingency, but not including preconstruction services fee, the fixed cost for Specified General Conditions, Construction Manager at Risk Fee or New Mexico Gross Receipts Tax (NMGRT).
A Risk Fee of up to 50 basis points on all Transactions processed may apply if the Merchant account is designated as high risk in nature, to offset the additional risk associated with this type of account.