Conversion Charges Clause Samples

The Conversion Charges clause defines the fees or costs associated with converting one form of asset, currency, or instrument into another within the context of the agreement. Typically, this clause outlines when such charges apply, how they are calculated, and who is responsible for paying them. For example, if a party requests a currency conversion or a change in the form of a financial instrument, the clause specifies the applicable charges and the method of payment. Its core practical function is to ensure transparency and allocate responsibility for any additional costs incurred due to conversions, thereby preventing disputes over unexpected fees.
Conversion Charges. The Borrower undertakes to pay , forthwith on execution of this Agreement as charges for the change in interest calculation.
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Conversion Charges. Within ten (10) business days following the end of each calendar month during the term of this Agreement (or, with respect to the calendar month in which this Agreement is terminated, within ten (10) business days following the termination date), SLNY shall pay to the U.S. Branch an amount equal to 10% of the sum of the face amounts of the Conversion Policies issued during such calendar month.
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Conversion Charges. Within ten (10) business days following the end of each calendar month, SLHIC shall pay to SLNY an amount equal to XX (redacted number) of the sum of the face amounts of the Conversion Policies issued during such calendar month.
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Conversion Charges. 4.1 ALLTEL Financial conversion fees do not include any vendor or other third party charges for hardware or software licenses, development, network or installation for hardware and software. ALLTEL Financial will manage and coordinate such activities with the vendor or other third party, but Client bears full responsibility for contracting with the vendor or other third party for these services. 4.2 Client will be responsible for all travel related costs as it pertains to conversion, network installation and training services activities.
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Conversion Charges. Customer shall have the right to activate any STM-1 of the ROU Capacity at DS3 level, by paying Conversion Charges, in accordance with the table below:
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Conversion Charges. Any charges resulting from conversion expenses will be charged to the Plan’s experience. No additional payments will be made to Contractor from the Department for conversion charges.
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Conversion Charges a. Automated file conversion standard items (master files: account, security, holdings, name/address, remittance, memos, tax information, pension payment, and cash) as identified in the M&I Conversion Manual. Reasonable programmer and product support personnel travel and living expenses for conversion trips. Conversion support as identified in the M&I Conversion manual. 1-B CHARGES PAGE 2 M&I will develop a detailed Conversion and Training Calendar for the customer outlining the support required for: . Definition and review . Training, including TrustDesk(TM) . Conversion week . Follow-up visit . Not to exceed 40 man days Conversion Charge $35,000. Payable upon execution of this agreement, plus travel and living expenses incurred by M&I and invoiced to the Customer. b. Optional conversion items (as identified in the M&I Conversion Manual, Section III, Optional Tax Reporting, Check Reconcilement, Performance Measurement, Additional Exception Reporting) as required by Customer. . M&I programming at rates shown plus reasonable travel and living expenses. . Training billed at standard M&I product support rates shown plus reasonable travel and living expenses. . M&I will convert Customer's performance measurement data based on the specifications as designated in ▇▇▇ ▇▇▇▇▇▇▇'▇ letter dated December 31, 1996. Customer must provide the data in the stated formats in order to automatically convert the data. All procedures must be followed and results must be verified by Customer upon conversion. Conversion charge will be $20,000. . M&I will bridge Customer's 1099 files to CLR Fast-Tax. Conversion charge of $4,800 will be waived. c. Hardware/Software Consulting (including but not limited to TrustDesk(TM) software support, Local Area Network (LAN) support, personal computer support, and mainframe/terminal support). Any time spent by M&I as requested by the Customer will be billed at M&I's standard programming rates plus expenses.
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Related to Conversion Charges

  • Termination Charges Any provision requiring the Agency to pay a fixed amount or liquidated damages upon termination of the agreement is hereby deleted. The Agency may only agree to reimburse a Vendor for actual costs incurred or losses sustained during the current fiscal year due to wrongful termination by the Agency prior to the end of any current agreement term.

  • TRANSACTION CHARGES will be charged for each transaction recorded on the shareholder accounting system, including, but not limited to, the following transactions: · Share purchases; · Share redemptions; · Fund liquidations; · Dividends; · Wire order purchases and redemptions (placement and confirmations); · Exchanges; · Account maintenance such as address changes; · Transfers; and · Account opening. For transactions within the 529 portfolios, FTIS will allocate the transaction fee on a pro-rata basis to the underlying Funds based on the 529 portfolio's holdings in such Funds.

  • Cancellation Charges Except as provided herein, no cancellation charges shall apply.

  • Electricity Charges The licensee herein shall pay the electricity bills directly for energy consumed on the licensed premises and should submit original receipts to Licensor indicating that the electricity bills are paid.

  • Loan Charges If any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower is interpreted so that any charge provided for in any Loan Document, whether considered separately or together with other charges levied in connection with any other Loan Document, violates that law, and Borrower is entitled to the benefit of that law, that charge is hereby reduced to the extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in excess of the permitted amounts shall be applied by Lender to reduce the principal of the Indebtedness. For the purpose of determining whether any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower has been violated, all Indebtedness which constitutes interest, as well as all other charges levied in connection with the Indebtedness which constitute interest, shall be deemed to be allocated and spread over the stated term of the Note. Unless otherwise required by applicable law, such allocation and spreading shall be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of the Note.