Common use of FEES AND REMUNERATION Clause in Contracts

FEES AND REMUNERATION. As consideration for entering into this Agreement and until the termination of the appointment of the Sub-Administrator hereunder or termination of this Agreement, the Administrator shall pay to the Sub-Administrator an annual fee to be separately agreed. The fee shall be reduced if and to the extent any of the CBC Services performed by the Sub-Administrator shall be performed by the Administrator itself or any other party appointed by the Administrator pursuant to the Administration Agreement in a manner as agreed upon between the Administrator and the Sub-Administrator (and therefore are no longer performed by the Sub-Administrator). If this Agreement is terminated, the fee shall be equal to the agreed annual fee divided by the actual days of such year multiplied by the number of days from the first day of such year up to and including the day of such termination.

FEES AND REMUNERATION. As consideration for entering into this Agreement and until the termination of the appointment of the Sub-Administrator hereunder or termination of this Agreement, the Administrator shall pay to the Sub-Sub- Administrator an annual fee to be separately agreed. The fee shall be reduced if and to the extent any of the CBC Services performed by the Sub-Administrator shall be performed by the Administrator itself or any other party appointed by the Administrator pursuant to the Administration Agreement in a manner as agreed upon between the Administrator and the Sub-Administrator (and therefore are no longer performed by the Sub-Administrator). If this Agreement is terminated, the fee shall be equal to the agreed annual fee divided by the actual days of such year multiplied by the number of days from the first day of such year up to and including the day of such termination.