Amendment to Section IX Sample Clauses

Amendment to Section IX. Section IX.B of the Clearing Agreement is hereby amended by deleting it in its entirety and replacing it with the following: ‘Correspondent agrees to pay ICS on a monthly basis (1) the greater of (A) the fee set forth across from the term “Minimum fee” on Schedule B (the “Minimum Fee”) and (B) the fee per uncompressed ticket set forth across from the term “Clearing fee” on Schedule B hereto multiplied by the number of uncompressed tickets cleared in the given month and (2) other additional amounts set forth on Schedule B hereto (including the cost of capital charges and the NSCC pass through charges) for the execution, clearing and related services to be provided under this Agreement during the Term. All such amounts due and owing to ICS shall be billed monthly and paid within thirty (30) days of receipt by Correspondent of an invoice for such fee. Schedule B is hereby incorporated in and made an integral part of this Agreement.’
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