Common use of Custodial Charges Clause in Contracts

Custodial Charges. GSC agrees to check, itemize and pay on the Company's behalf the charges of brokers and banks, with the exception of ADP Proxy Services and Prudential Securities which will bill the Company directly, for forwarding the Company's offering material to beneficial owners. The Company agrees to provide GSC, prior to the commencement of the initial distribution of offering materials to such brokers and banks, with a preliminary payment equal to 75% of GSC's good faith estimate of the charges which shall be assessed by such brokers and banks for two distributions of such materials. The Company shall pay GSC an administrative fee of five dollars ($5.00) for each broker and bank invoice paid by GSC on the Company's behalf. If the Company prefers to pay these bills directly, please strike out and initial this clause before returning the executed Agreement.

Appears in 3 contracts

Samples: Letter of Agreement (Central Europe & Russia Fund Inc), Letter of Agreement (1838 Bond Debenture Trading Fund), Letter of Agreement (LaSalle Cover Company, LLC)

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Custodial Charges. GSC agrees to check, itemize and pay on the Company's ’s behalf the charges of brokers and banks, with the exception of ADP Proxy Services and Prudential Securities which will bill xxxx the Company directly, for forwarding the Company's ’s offering material to beneficial owners. The Company agrees to provide GSC, prior to the commencement of the initial distribution of offering materials to such brokers and banks, with a preliminary payment equal to 75% of GSC's ’s good faith estimate of the charges which shall be assessed by such brokers and banks for two distributions of such materials. The Company shall pay GSC an administrative fee of five dollars ($5.00) for each broker and bank invoice paid by GSC on the Company's ’s behalf. If the Company prefers to pay these bills directly, please strike out and initial this clause before returning the executed Agreement.

Appears in 1 contract

Samples: Letter of Agreement (Star Gas Partners Lp)

Custodial Charges. GSC agrees to check, itemize and pay on the Company's behalf the charges of brokers and banks, with the exception of ADP Proxy Services and Prudential Securities which will bill the Company directly, for forwarding the Company's offering xxfering material to beneficial owners. The Company agrees to provide GSC, prior to the commencement of the initial distribution of offering materials to such brokers and banks, with a preliminary payment equal to 75% of GSC's good faith estimate of the charges which shall be assessed by such brokers and banks for two distributions of such materials. The Company shall pay GSC an administrative fee of five dollars ($5.005,00) for each broker and bank invoice paid by GSC on the Company's behalf. If the Company prefers to pay these bills directly, please strike out and initial this clause before returning the executed Agreement.

Appears in 1 contract

Samples: Letter of Agreement (India Fund Inc)

Custodial Charges. GSC agrees to check, itemize and pay on the Company's behalf the charges of brokers and banks, with the exception of ADP Proxy Services and Prudential Securities which will bill xxxx the Company directly, for forwarding the Company's offering material to beneficial owners. The Company agrees to provide GSC, prior to the commencement of the initial distribution of offering materials to such brokers and banks, with a preliminary payment equal to 75% of GSC's good faith estimate of the charges which shall be assessed by such brokers and banks for two distributions of such materials. The Company shall pay GSC an administrative fee of five dollars ($5.00) for each broker and bank invoice paid by GSC on the Company's behalf. If the Company prefers to pay these bills directly, please strike out and initial this clause before returning the executed Agreement.

Appears in 1 contract

Samples: Letter of Agreement (Central Europe & Russia Fund Inc)

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Custodial Charges. GSC agrees to check, itemize and pay on the Company's behalf the charges of brokers and banks, with the exception of ADP Proxy Services and Prudential Securities which will bill the Company directly, for forwarding the forwardixx xhe Company's offering Offer material to beneficial owners. The Company agrees to provide GSC, prior to the commencement of the initial distribution of offering Offering materials to such brokers and banks, with a preliminary payment equal to 75% of GSC's good faith estimate of the charges which shall be assessed by such brokers and banks for two distributions of such materials. The Company shall pay GSC an administrative fee of five dollars ($5.00) for each broker and bank invoice paid by GSC on the Company's behalf. If the Company prefers to pay these bills directly, please strike out and initial this clause before returning the executed Agreement.

Appears in 1 contract

Samples: Letter of Agreement (Ellsworth Convertible Growth & Income Fund Inc)

Custodial Charges. GSC agrees to check, itemize and pay on the Company's behalf the charges of brokers and banks, with the exception of ADP Proxy Services and Prudential Securities which will bill the Company directly, for forwarding the Company's offering Offer material to beneficial owners. The Company agrees to provide GSC, prior to the commencement of the initial distribution of offering Offering materials to such brokers and banks, with a preliminary payment equal to 75% of GSC's good faith estimate of the charges which shall be assessed by such brokers and banks for two distributions of such materials. The Company shall pay GSC an administrative fee of five dollars ($5.00) for each broker and bank invoice paid by GSC on the Company's behalf. If the Company prefers to pay these bills directly, please strike out and initial this clause before returning the executed Agreement.

Appears in 1 contract

Samples: Letter of Agreement (Bancroft Convertible Fund Inc)

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