The Support Payments Sample Clauses

The Support Payments. The Support Payments to be made by Lord ▇▇▇▇▇▇ to the Company shall be as follows: (a) Lord ▇▇▇▇▇▇ shall make quarterly Support Payments to the Company in an amount equal to an annualized fee of % (basis points) of the average daily net assets of Class VC shares of each Fund held by the Accounts on behalf of the Contract Owners and maintained by the Company in an omnibus environment (“Qualifying Shares”). The Support Payments shall be calculated for quarters ending on the last days of March, June, September and December. (b) Lord ▇▇▇▇▇▇ shall calculate the Support Payments due to the Company no later than 30 calendar days after the end of each of the quarterly periods referenced in Section 2(a) above. (c) Lord ▇▇▇▇▇▇ shall make the Support Payment to the Company within 30 days after calculating the amount of such Support Payment; provided, however, if the Company identifies what it believes may be an error in the calculation of a quarterly Support Payment, the Company shall promptly bring such error to the attention of Lord ▇▇▇▇▇▇, and Lord ▇▇▇▇▇▇ and the Company shall promptly negotiate in good faith to determine the proper calculation of such quarterly Support Payment. (d) In addition to the foregoing Support Payments, and on a case-by-case basis as may be agreed upon from time to time by the Company and Lord ▇▇▇▇▇▇, Lord ▇▇▇▇▇▇ may reimburse the Company for Lord ▇▇▇▇▇▇’▇ participation in specific internal events sponsored by the Company, such as training or educational seminars, conferences and meetings, provided that, in all cases, such payments are consistent with applicable rules and procedures.
View SourceView Similar (9)
The Support Payments. The Support Payments to be made by Lord ▇▇▇▇▇▇ to Company shall be as follows: (a) Lord ▇▇▇▇▇▇ shall make quarterly Support Payments to Company in an amount equal to the product of: (i) the average daily net asset value of the Shares held by the Separate Accounts ("Qualifying Shares"); and (ii) an annual rate of 0.05% (5 basis points) in respect of the Qualifying Shares. The average daily net asset value of such Shares on a given day will be the net asset value reported by such Fund on that day to NASDAQ's Mutual Fund Quotation Service. (b) For purposes of this Agreement, Qualifying Shares do not include shares of: (i) money market Funds; and (ii) any Fund that is not available for purchase by new investors or is otherwise only available for purchase by existing shareholders pursuant to the terms of the Fund's then-current prospectus (a "Closed Fund"). The parties agree that in the event a Closed Fund is re-opened to new investors, shares of such previously Closed Fund no longer will be excluded from the definition of Qualifying Shares under this Section 2(b), provided that such shares otherwise satisfy the definition of "Qualifying Shares" under Section 2(a), and that no further amendment of this Agreement shall be necessary upon such event. The Support Payments shall be calculated for quarters ending on the last days of March, June, September and December. (c) Company shall send Lord ▇▇▇▇▇▇ the quarterly invoices for Support Payments with respect to Qualifying Shares no later than thirty (30) calendar days after the end of each of the quarterly periods referenced in Section 2(a) above. Each such quarterly invoice shall include the average daily net asset value of the Qualifying Shares. (d) Lord ▇▇▇▇▇▇ shall pay to Company by check the quarterly Support Payment calculated pursuant to this Section 2 not later than the 60th calendar day after the date on which Lord ▇▇▇▇▇▇ receives the corresponding invoice for such quarterly Support Payment from Company. Notwithstanding the foregoing, if Lord ▇▇▇▇▇▇ identifies what it believes may be an error in the calculation of a quarterly Support Payment, Lord ▇▇▇▇▇▇ shall promptly bring such error to the attention of Company, and Lord ▇▇▇▇▇▇ and Company shall promptly negotiate in good faith to determine the proper calculation of such quarterly Support Payment. (e) In addition to the foregoing Support Payments, and on a case-by-case basis as may be mutually agreed upon from time to time by Company and Lord ▇▇▇▇▇▇, Lord...
View SourceView Similar (2)

Related to The Support Payments

  • Administrative Support Service Fees Within forty-five (45) days of the end of each calendar quarter, the Fund will make payments in the aggregate amount of 0.0625% (0.25% on an annual basis) of the average during that calendar quarter of the aggregate net asset value of the Shares computed as of the close of each business day (the "Service Fee"). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Other Payments You must give your correct TIN, but you do not have to sign the certification unless you have been notified that you have previously given an incorrect TIN. “Other payments” include payments made in the course of the requester’s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care services (including payments to corporations), payments to a nonemployee for services, payments made in settlement of payment card and third party network transactions, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).

  • Administrative Support Services Fees Within forty-five (45) days of the end of each calendar quarter or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.25% on an annual basis of the average during the period of the aggregate net asset value of the Shares computed as of the close of each business day (the “Service Fee”). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • – PREMIUM & OTHER PAYMENT 16.01 Overtime shall be paid for all paid hours over seven and one-half (7½) hours on a shift or seventy-five (75) hours bi-weekly at the rate of one and one-half (1½) times the employee's regular straight time hourly rate of pay. Overtime is subject to authorization by the Director of Nursing or designate. Authorization shall not be unreasonably withheld. In the event of an emergency, authorization may not be required. 16.02 When an employee is required to work on a paid holiday or on a day for which she is entitled to receive time and one-half (1½) her regular straight time hourly rate and she is required to work additional hours in excess of her normal seven and one-half (7½) hour shift on that day, she shall receive two (2) times her regular straight time hourly rate for such additional hours worked. 16.03 If an employee reports for work at the regularly scheduled time and no work is available, such employee will be paid a minimum of four (4) hours pay at her regular straight time hourly rate, provided the employee has not previously received notification orally or in writing not to report. 16.04 Where call-in is requested within one-half (½) hour of the starting time of the shift and the employee commences work within one (1) hour of the call, then the employee will be paid as if the entire shift had been worked, provided she completes the shift for which she was called in. 16.05 It shall be the responsibility of the employee to consult the posted work schedule. Changes to the posted schedule required by the Employer shall be brought to the attention of the employee. Where less than twenty-four (24) hours' notice is given to the employee personally, the employee will be paid four (4) hours’ straight time wages or six (6) hours’ straight time wages if an extended tour. It is understood that call-ins or call-backs are not covered by this provision. 16.06 If an employee works two consecutive shifts she shall be provided a meal by the Employer, or if a meal cannot be provided she shall receive a meal allowance of five dollars ($5.00).

  • Telephone Support The Fund Designated Persons may contact State Street’s HORIZONR Help Desk and Fund Assistance Center between the hours of 8 a.m. and 6 p.m. (Eastern time) on all business days for the purpose of obtaining answers to questions about the use of the System, or to report apparent problems with the System. From time to time, the Fund shall provide to State Street a list of persons who shall be permitted to contact State Street for assistance (such persons being referred to as the “Fund Designated Persons”).