Annual Administrative Charge Sample Clauses

Annual Administrative Charge. As of the last day of each Contract Year, if the Annuity Account Value on that date is less than $10,000, we will withdraw from the Divisions an Annual Administrative Charge equal to the lesser of $30 or 2% of the Annuity Account Value, including the amount of any withdrawals pursuant to Section 2.07 during that Contract Year. The charge will be allocated among the Divisions in proportion to the amounts that you have in the Divisions. If the Annuity Account Value is less than $10,000 on (a) the date of the application of the Annuity Account Value or Cash Value pursuant to Section 3.03, or (b) the date of Termination of this Contract pursuant to Section 2.06 or 2.11, we will prorate the Annual Administrative Charge applicable to the completed portion of the Current Contract Year and withdraw such amount in lieu of the Annual Administrative Charge applicable to the completed portion of the Current Contract Year and withdraw such amount in lieu of the full Annual Administrative Charge described in this Section for the applicable part of that Contract Year. If the Annuity Account Value is $10,000 or greater at the end of a Contract Year, the Annual Administrative Charge is zero.
Sample 1See All (6)
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Annual Administrative Charge. As of the last day of each Contract Year, if the Annuity Account Value on that date is less than $25,000, we will withdraw from the Divisions an Annual Administrative Charge equal to the lesser of $30 or 2% of the Annuity Account Value including the amount of any withdrawals pursuant to Section 2.07 during that Contract Year. The charge will be allocated among the Divisions in proportion to the amounts you have in the Divisions. If the Annuity Account Value is $25,000 or greater at the end of a Contract Year, the Annual Administrative Charge is zero. If the Annuity Account Value is less than $25,000 on (a) the date of the application of the Annuity Account Value or Cash Value pursuant to Section 3.03 or (b) the date of termination of this Contract pursuant to Sections 2.06 or 2.11, we will prorate the Annual Administrative Charge applicable to the completed portion of the current Contract Year and withdraw such amount in lieu of the Annual Administrative Charge described in this Section for the applicable part of that Contract Year.
Sample 1See All (5)
Annual Administrative Charge. 11 Mortality and Expense Risk Fee.........................11
Sample 1Sample 2See All (4)
Annual Administrative Charge. As of the last day of each Contract Year, if the Annuity Account Value on that date is less than $25,000, we will withdraw from the Divisions an Annual Administrative Charge equal to the lesser of $30 or 2% of the Annuity Account Value including the amount of any withdrawals pursuant to Section 2.07 during that Contract Year. The charge will be allocated among the Divisions in proportion to the amounts that you have in the Divisions. For this purpose, any loan reserve amount is included within the Guaranteed Interest Division. The portion of the charge attributable to the Guaranteed Interest Division and any loan reserve account will be first withdrawn from the Guaranteed Interest Division and then, if the amount you have in the Guaranteed Interest Division is not sufficient, the remaining allocation will be withdrawn from the portion of the loan reserve account that earns interest at the Guaranteed Interest Rate. If the Annuity Account Value is less than $25,000, on (a) the date of the application of the Annuity Account Value or Cash Value pursuant to Section 3.03 or (b) the date of Termination of this Contract pursuant to Section 2.06 or 2.12, we will prorate the Annual Administrative Charge applicable to the completed portion of the Current Contract Year and withdraw such amount in lieu of the Annual Administrative Charge described in this Section for the applicable part of that Contract Year. If the Annuity Account Value is $25,000 or greater at the end of a Contract Year, the Annual Administrative Charge is zero.
Sample 1
Annual Administrative Charge. (Contract Section 9.04) If applicable, the Annual Administrative Charge will be deducted from each certificate on the last day of each Participation Year as follows: • The lesser of 2% of the Annuity Account Value plus any prior withdrawals made during the Participation Year or $30; waived at an Annuity Account Value of $15,000 or more, or • The lesser of 2% of the Annuity Account Value plus any prior withdrawals made during the Participation Year or $30; waived at an Annuity Account Value of $25,000 or more, or • The lesser of 2% of the Annuity Account Value any prior withdrawals made during the Participation Year or $15; waived at an Annuity Account Value of $15,000, or more, or • The lesser of 2% of the Annuity Account Value plus any prior withdrawals made during the Participation Year or $15; waived at an Annuity Account Value of $25,000, or more, or • None
Sample 1

Related to Annual Administrative Charge

  • DIR Administrative Fee A) The administrative fee to be paid by the Vendor to DIR based on the dollar value of all sales to Customers pursuant to this Contract is three-quarters of one percent (.75%). Payment will be calculated for all sales, net of returns and credits. For example, the administrative fee for sales totaling $100,000 shall be $750.00.

  • Administrative Costs Administrative costs will not be included in the budget neutrality agreement, but the state must separately track and report additional administrative costs that are directly attributable to the demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

  • AGENT’S COMPENSATION The Owner agrees to pay the Agent the following fees indicated below for the services and provided: (check all that apply) ☐ - Management Fee: . ☐ - New Lease: _ . ☐ - Renewal of Lease: _ . ☐ - Eviction: . ☐ - Preparing the Property for Leasing: _ . ☐ - Other. .

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Sharing of Earnings The Borrower shall procure that no Owner shall:

  • Payments as Administrative Expenses Payments from the Receiver with respect to this Single Family Shared-Loss Agreement are administrative expenses of the Receiver. To the extent the Receiver needs funds for shared-loss payments respect to this Single Family Shared-Loss Agreement, the Receiver shall request funds under the Master Loan and Security Agreement, as amended (“MLSA”), from FDIC in its corporate capacity. The Receiver will not agree to any amendment of the MLSA that would prevent the Receiver from drawing on the MLSA to fund shared-loss payments.

  • Administrative Expenses Notwithstanding anything to the contrary contained in the Current HPA as amended by this Second Amendment, HFA and Eligible Entity may from time to time submit adjusted budgets to Treasury requesting approval to re-allocate HHF Funds to pay actual program expenses as set forth on a proposed Schedule C. In the event that Treasury shall approve an adjusted budget, in Treasury’s sole discretion, the parties shall enter into an amendment to the HPA to modify Schedules A, B and C as necessary.

  • Trustee Compensation The Trustees as such shall be entitled to reasonable compensation from the Trust. They may fix the amount of their compensation. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, administrative, legal, accounting, investment banking, underwriting, brokerage, or investment dealer or other services and the payment for the same by the Trust.

  • Minor Administrative Changes System Agency is authorized to provide written approval of mutually agreed upon Minor Administrative Changes to the Project or the Contract that do not increase the fees or term. Upon approval of a Minor Administrative Change, HHSC and Grantee will maintain written notice that the change has been accepted in their Contract files.

  • 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.

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