Common use of Administration Expense Payments Clause in Contracts

Administration Expense Payments. (a) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Equity Portfolios, excluding Index Portfolios, that are held in Separate Accounts of Insurer listed in Schedule A of the Fund Participation Agreement(s). (b) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Fixed Income Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (c) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Index Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (d) Insurer shall calculate the payment contemplated by this Section 1 at the end of each calendar quarter (“Quarterly Payment”). BAL will submit such payment to Insurer, after the receipt of an invoice by Insurer. Please submit invoices to BAL at: ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. The invoice will be submitted on a quarterly basis in a Microsoft Excel format and include the following information: 1. The total average daily net assets during the period covered by the invoice by Fund and Share Class (ticker/CUSIP). 2. The basis point rate that applies to each account. 3. The subtotal amount due by Fund and Share Class (ticker/CUSIP). 4. The total amount due. 5. Invoice submitted on Financial Intermediary letterhead. 6. Each invoice to include an invoice number. 7. Payment instructions (Wire/Check/ACH). 8. Contact information for the Financial Intermediary. Invoices must be received in a timely manner. Any invoice which is received subsequent to 6 months after the time period covered by the invoice may be subject to non-payment. Additions or adjustments to previously received invoices submitted subsequent to 3 months after the time period covered by the invoice may also be subject to non-payment. The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement will not be subject to fees or any additional payment arrangements with BAL or its affiliates for Services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Company represents and warrants that they are not invoicing BAL or its affiliates for duplicative fees as described in the preceding sentence. Any invoices shall only cover time periods for which this Agreement is in effect. (e) Insurer hereby represents that the fees paid to it pursuant to this Agreement are reasonable in relation to the services it provides and reasonably similar to fees it receives for equivalent services provided to other parties.

Administration Expense Payments. (a) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer Company an annual fee which shall equal to [ ] basis points (0. %) the percentage value, as set forth in Schedule B, of the each Fund's average daily net assets of the Equity Portfoliosassets, excluding Index Portfolios, that are held in certain Separate Accounts of Insurer the Company listed in Schedule A of the Fund Participation Agreement(s). (b) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Fixed Income Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (c) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Index Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (d) Insurer The Company shall calculate the payment contemplated by this Section 1 at the end of each calendar fiscal quarter (“"Quarterly Payment”"). BAL will submit such payment to Insurerthe Company, after the receipt of an invoice by Insurerthe Company. Please submit invoices to BAL at: ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. The invoice will be submitted on a quarterly basis in a Microsoft Excel format and include the following information: 1. The total average daily net assets during the period covered by the invoice by for each Fund and Share Class share class (ticker/CUSIP). 2. The basis point rate that applies to each account. 3. The subtotal amount due by Fund for each fund and Share Class share class (ticker/CUSIP). 4. The total amount due. 5. Invoice submitted on Financial Intermediary Company letterhead. 6. Each invoice to include an invoice number. 75. Payment instructions (Wire/Check/ACH). 86. Contact information for the Financial IntermediaryCompany. Invoices must be received in a timely manner. Any invoice which is received subsequent to 6 six (6) months after the time period covered by the invoice may be subject to non-payment. Additions or adjustments to previously received invoices submitted subsequent to 3 six (6) months after the time period covered by the invoice may also be subject to non-payment. The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement will not be subject to fees or any additional payment arrangements with BAL or its affiliates for Services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Company represents and warrants that they are not invoicing BAL or its affiliates for duplicative fees as described in the preceding sentence. Any invoices shall only cover time periods for which this Agreement is in effect. (e) Insurer hereby represents that the fees paid to it pursuant to this Agreement are reasonable in relation to the services it provides and reasonably similar to fees it receives for equivalent services provided to other parties.

Administration Expense Payments. (a) BAL or its affiliates oraffiliates, or if approved by the Fund Board, the Funds shall pay the Insurer to ING USA ANNUITY AND LIFE INSURANCE COMPANY an annual fee equal to [ ] XX basis points (0. %0.XX%) of the average daily net assets of the Equity Portfolios, excluding Index Portfolios, BlackRock Global Allocation V.I. Fund that are held in Separate Accounts of this Insurer listed in Schedule A of the Fund Participation Agreement(s)Agreement as amended. (b) BAL or its affiliates oraffiliates, or if approved by the Fund Board, the Funds shall pay the Insurer to RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK an annual fee equal to [ ] XX basis points (0. %0.XX%) of the average daily net assets of the Fixed Income Portfolios BlackRock Global Allocation V.I. Fund that are held in Separate Accounts of this Insurer listed in Schedule B A of the Fund Participation Agreement(s)Agreement as amended. (c) BAL or its affiliates oraffiliates, or if approved by the Fund Board, the Funds shall pay the Insurer to RELIASTAR LIFE INSURANCE COMPANY an annual fee equal to [ ] XX basis points (0. %0.XX%) of the average daily net assets of the Index Portfolios BlackRock Global Allocation V.I. Fund that are held in Separate Accounts of this Insurer listed in Schedule B A of the Fund Participation Agreement(s)Agreement as amended. (d) BAL or its affiliates, or if approved by the Fund Board, the Funds shall pay to SECURITY LIFE OF DENVER INSURANCE COMPANY an annual fee equal to XX basis points (0.XX%) of the average daily net assets of the BlackRock Global Allocation V.I. Fund that are held in Separate Accounts of this Insurer listed in Schedule A of the Fund Participation Agreement as amended. (e) Insurers shall calculate the payment contemplated by this Section 1 at the end of each calendar fiscal quarter (“Quarterly Payment”). BAL will submit make such payment to Insurerthe respective Insurers, after the receipt of an invoice by Insurer. Please submit invoices to BAL at: ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇such Insurers. The invoice will be submitted on a quarterly basis in a Microsoft Excel format and include the following information: 1. The total average daily net assets during the period covered by the invoice by for each Fund and Share Class share class (ticker/CUSIP). 2. The basis point rate that applies to each accountSeparate Account. 3. The subtotal amount due by for each Fund and Share Class share class (ticker/CUSIP). 4. The total amount due. 5. Invoice submitted on Financial Intermediary letterhead. 6. Each invoice to include an invoice number. 7. Payment instructions (Wire/Check/ACH). 86. Contact information for the Financial IntermediaryInsurer. Invoices must be received in a timely manner. Any invoice which is received subsequent to 6 12 months after the time period covered by the invoice may be subject to non-payment. Additions or adjustments to previously received invoices submitted subsequent to 3 months after the time period covered by the invoice may also be subject to non-payment. The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement will not be subject to fees or any additional payment arrangements with BAL or its affiliates for Services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Company represents and warrants that they are not invoicing BAL or its affiliates for duplicative fees as described in the preceding sentence. Any invoices shall only cover time periods for which this Agreement is in effect. (ef) Insurer Insurers hereby represents represent that the fees paid to it pursuant to this Agreement are reasonable in relation to the services it provides and reasonably similar to fees it receives for equivalent services provided to other parties. From time to time, the parties shall review the Quarterly Payment to determine whether it exceeds or is reasonably expected to exceed the incurred and anticipated costs, over time, of the Insurer. The parties agree to negotiate in good faith a reduction to the Quarterly Payment as necessary to eliminate any such excess.

Administration Expense Payments. (a) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ [**] basis points (0. [**]%) of the average daily net assets of the Equity Portfolios, excluding Index Portfolios, that are held in Separate Accounts of Insurer listed in Schedule A of the Fund Participation Agreement(s). (b) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ [**] basis points (0. [**]%) of the average daily net assets of the Fixed Income Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (c) BAL or its affiliates or, if approved by the Fund Board, the Funds shall pay the Insurer an annual fee equal to [ ] basis points (0. %) of the average daily net assets of the Index Portfolios that are held in Separate Accounts of Insurer listed in Schedule B of the Fund Participation Agreement(s). (d) Insurer shall calculate the payment contemplated by this Section 1 at the end of each calendar quarter (“Quarterly Payment”). BAL will submit such payment to Insurer, after the receipt of an invoice by Insurer. Please ) and submit invoices to BAL at: or its designee at ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. The invoice will be submitted on a quarterly basis in a Microsoft Excel format and include the following information: 1. The total average daily net assets during the period covered by the invoice by Fund cusip and Share Class (ticker/CUSIP)account. 2. The basis point rate that applies to each cusip and account. 3. The subtotal amount due by Fund and Share Class (ticker/CUSIP)cusip. 4. The total amount due. 5. Invoice submitted on Financial Intermediary letterhead. 6. Each invoice to include an invoice number. 7. Payment instructions (Wire/Check/ACH). 86. Contact Client contact information for the Financial Intermediary. Invoices must be received in a timely manner. Any invoice which is received subsequent to 6 three (3) months after the time period covered by the invoice may be subject to non-payment. Additions or adjustments to previously received invoices submitted subsequent to 3 three (3) months after the time period covered by the invoice may also be subject to non-payment. The parties acknowledge and agree that the assets and/or accounts covered under the terms of this Agreement will not be subject to fees or any additional payment arrangements with BAL or its affiliates for Services, sub-transfer agency, sub-accounting, networking services or for any similar services, other than as described herein. Company represents and warrants that they are not invoicing BAL or its affiliates for duplicative fees as described in the preceding sentence. Any invoices shall only cover time periods for which this Agreement is in effect. (e) Insurer hereby represents that the fees paid to it pursuant to this Agreement are reasonable in relation to the services it provides and reasonably similar to fees it receives for equivalent services provided to other parties.