SERVICE DEPOSIT. The Fund will remit to GFS upon execution of this Agreement a service deposit equal to one (1) months’ minimum fee under this Agreement, computed in accordance with the number of portfolios listed in Schedule B of this Agreement. The Fund will have the option to have the service deposit applied to the last month’s service fee, or applied to any new contract between the Fund and GFS.
Appears in 3 contracts
Sources: Service Agreement (Santa Barbara Group of Mutual Funds Inc), Service Agreement (Santa Barbara Group of Mutual Funds Inc), Service Agreement (Santa Barbara Group of Mutual Funds Inc)