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.
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.
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.
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.
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:
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.
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.