Common use of Closed Account Fee Clause in Contracts

Closed Account Fee. For performance by the Transfer Agent pursuant to this Agreement, the Fund agrees on behalf of each of the Portfolios to pay the Transfer Agent an annualized fee for shareholder accounts which previously held Class A, A3, B, C, K, R, AIM Cash Resxxxx xxx Xxxxxxxx Xxxxx Xxxres and AIM Summit Fund Shares that were closed during any monthly period at a rate of $0.70, to be paid for twelve months following the date on which an account was closed, whether such account is serviced directly by the Transfer Agent or by an intermediary pursuant to third-party servicing arrangements of the type provided for in Section 1.03 of the Agreement.