Common use of INVESTMENT FEES; EXPENSES Clause in Contracts

INVESTMENT FEES; EXPENSES. 1 In full compensation and consideration for the performance of its obligations hereunder, Company shall pay to American an annual fee equal to .15% of the statutory carrying value of Invested Assets. The fee paid by the Company shall not in any case exceed the actual cost of the services provided by American. In addition, American shall be entitled to reimbursement for the reasonable fees and expenses of its outside legal counsel for necessary legal services rendered to American in connection with the performance of its obligations hereunder. All such fees and expenses shall be paid by Company. Payments due hereunder shall be computed by American and paid by Company on a quarterly basis measured as of the end of the preceding calendar quarter based on the statutory carrying value of Invested Assets at such date. The quarterly portion of the fee shall be billed within 30 days after the end of each calendar quarter or portion thereof in which services are rendered under this Agreement and paid within 10 days after receipt of the xxxx.

INVESTMENT FEES; EXPENSES. 1 4.1 In full compensation and consideration for the performance of its obligations hereunder, Company shall pay to American an annual fee equal to .15% of the statutory carrying value of Invested Assets. The fee paid by the Company shall not in any case exceed the actual cost of the services provided by American. In addition, American shall be entitled to reimbursement for the reasonable fees and expenses of its outside legal counsel for necessary legal services rendered to American in connection with the performance of its obligations hereunder. All such fees and expenses shall be paid by Company. Payments due hereunder shall be computed by American and paid by Company on a quarterly basis measured as of the end of the preceding calendar quarter based on the statutory carrying value of Invested Assets at such date. The quarterly portion of the fee shall be billed within 30 days after the end of each calendar quarter or portion thereof in which services are rendered under this Agreement and paid within 10 days after receipt of the xxxx.