Net Earnings Credit. Each month, the remaining net earnings, reduced by both UMB and DST service charges, will be credited against the Trusts’ Transfer Agency fees as a direct reduction of Trust expenses. Should earnings exceed fees, the excess earnings will be available to be credited against future fees or returned to the client based on direction from the client.
Appears in 8 contracts
Samples: Adoption Agreement (Blackstone / GSO Floating Rate Enhanced Income Fund), Agency Agreement (Nexpoint Real Estate Strategies Fund), Agency Agreement (Federated Hermes Project & Trade Finance Tender Fund)
Net Earnings Credit. Each month, the remaining net earnings, reduced by both UMB and DST service charges, will be credited against the Trusts’ each Trust’s Transfer Agency fees as a direct reduction of Trust fund expenses. Should earnings exceed fees, the excess earnings will be available to be credited against future fees or returned to the client based on direction from the client.
Appears in 2 contracts
Samples: Agency Agreement (Old Mutual Funds III), Agency Agreement (Old Mutual Funds II)
Net Earnings Credit. Each month, the remaining net earnings, reduced by both UMB and DST service charges, will be credited against the TrustsFinancial Products’ Transfer Agency fees as a direct reduction of Trust Financial Product expenses. Should earnings exceed fees, the excess earnings will be available to be credited against future fees or returned to the client based on direction from the client.
Appears in 1 contract
Samples: The Agency Agreement (RiverPark Commercial Real Estate Fund)
