Certificate Fee Clause Samples
The Certificate Fee clause defines the requirement for a party to pay a specified fee in order to obtain a certificate or official document from the other party, often as evidence of compliance or completion of certain obligations. In practice, this clause typically applies when a party requests a certificate of insurance, a completion certificate, or another formal document, and the fee covers administrative costs associated with preparing and issuing the certificate. Its core function is to clarify the cost responsibility for such documentation, preventing disputes over unexpected charges and ensuring transparency in administrative processes.
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Certificate Fee. There must be paid to the Company, in relation to the issue of any share certificate under Articles 2.5, 2.6 or 2.7, the amount, if any and which must not exceed the amount prescribed under the Business Corporations Act, determined by the directors.
Certificate Fee. The Trustees may establish a reasonable fee to be charged for every certificate issued.
Certificate Fee. There must be paid to the Company, in relation to the issue of any share certificate or Acknowledgement under Articles 2.5, 2.6 or 2.7, the amount determined by the directors, if any, which must not exceed the amount prescribed under the Business Corporations Act.
Certificate Fee. (a) The Certificate Fee (the fee the Certificate Owner pays for the benefits We provide under the Contract and Certificate) will be calculated and due on the Certificate Date and thereafter at each Quarterversary. The Certificate Fee is calculated by multiplying A by B by C where: A = the value of the Covered Asset Pool as of the calculation date; B = the applicable Certificate Fee Percentage; and C = the number of days in the Certificate quarter divided by the number of days in the Certificate Year.
(b) If We do not receive the Certificate Fee, We will notify the Certificate Owner of the deficiency at least twice before [45] days have elapsed. If fees due are not paid within [sixty (60)] days of the due date, then the Certificate will terminate and no benefits will be paid.
(c) The greater the percentage of assets in the Certificate Owner’s Covered Asset Pool allocated to Eligible Assets outside of the Core Fixed category, the higher the Certificate Fee. We may adjust the Certificate Fee in the event of a Covered Asset Transfer if the Certificate Owner’s Investment Profile changes. This adjustment is described in section 6.2. In addition, if subsequent contributions are made to, or Excess Withdrawals are taken from, a Certificate Owner’s Covered Asset Pool during a Certificate quarter, then the Certificate Fee Adjustment will be added to the Certificate Fee to be collected on the next Quarterversary to reflect these transactions.
(d) The maximum Certificate Fee Percentage is shown on the Contract Data Pages and the Certificate Data Pages. We may increase the Certificate Fee Percentage at any Certificate Anniversary in conjunction with an automatic step-up.
(e) Certificate Fee for any Certificate will cease upon the occurrence of: — The Insured Event; — Termination of the Contract; or — Termination of the Certificate.
Certificate Fee. The Trustee may establish a reasonable fee for the issuance of Certificates.
Certificate Fee. Subscribers are obligated to pay the certificate service fee on a regular basis, please consult TrustAsia for the fee schedule.
Certificate Fee. There must be paid to the Company, in relation to the issue of any share certificate under Articles 2.5,
Certificate Fee. The Trustee may establish a reasonable fee to be charged for every Trust Unit Certificate issued, and the fee shall be paid by the Trust.
Certificate Fee. Subscriber shall pay a fee as summarized in the table below for each Certificate transferred into a Reserve Subaccount (“Certificate Fee”). The Certificate Fee shall be invoiced monthly based on Certificates transferred into a Reserve Subaccount in the previous month.