Common use of Financial Support Fee Clause in Contracts

Financial Support Fee. Distributor will pay a financial support fee to Financial Intermediary in the amount described in Schedule A hereto (the “Fee”). The Fee will be paid from Distributor’s or its affiliate’s revenues, profits or retained earnings and will be payable via the Automatic Clearing House (ACH) system to Financial Intermediary within 60 days following calendar quarter end or as otherwise provided in Schedule A. Payment amounts less than $500.00 are considered nominal, and Distributor is not obligated to make an individual payment for any amount thereunder.