FEE DECREASE Clause Samples

FEE DECREASE the relevant fees have decreased from the fee level applicable for the previous period, then UBS Mangakahia will be entitled to the difference between the two fee levels together with a credit note for any overpaid GST; and the payment will be backdated to the start of the relevant two Year period and such payment is payable to the other party within ten (10) Business Days of the dispute being resolved. The party paying the difference shall forthwith pay such amount to the other party together with interest thereon at the ▇▇▇▇ Rate calculated daily from the start of the relevant two Year period to the day ten (10) Business Days after the dispute has been resolved, and, if relevant, interest thereon at the Default Interest Rate calculated daily from the day eleven (11) Business Days after the dispute has been resolved to the date of payment of the balance to the other party and compounded monthly.

FEE DECREASE. If Contract Net Sales in any calendar year are greater than $20 million below the Target set forth on the attached Schedule 2 to this amendment for such calendar year, then the service fee for that year will be decreased by an amount calculated by multiplying the percentage set forth for that year on Schedule 2 by the amount of the shortfall in Contract Net Sales compared to the Target.