Overdraft Charges Clause Samples
Overdraft Charges. As described in Section 4.6 of the Custody Agreement, overdraft charges will be at 100 basis points above the Fed Funds rate. An earnings credit using the most recent 90-day T-bill auction rate applied ▇▇ 90% of each day's positive collected balance will reduce custody, FDIC and other fees as allowed by law. For each month that the charges exceed the earnings credit, the deficiency shall be paid to Custodian. For each month that the earnings credit exceeds the charges, the Custodian shall carry such surplus credits forward to subsequent month(s) and calendar year(s) until utilized. Custodian is to be reimbursed for out of pocket expenses deemed to be exceptional. The above fee schedule will remain in effect until March 31, 1998 and thereafter unless changed. As stated by the Custodian in bidding to provide custody services to the Trust, if at any time the Trust is not completely satisfied with the Custodian's service levels, the Custodian will cease to charge custody fees until its responsiveness and accuracy meet the requirements of the Trust.
Overdraft Charges. As described in Section 4.6 of the Custody Agreement, overdraft charges will be at 100 basis points above the Fed Funds rate.
Overdraft Charges. Fund overdrafts will be calculated at the Prime rate (as published in the Wall Street Journal) and charged on a daily basis.
Overdraft Charges. If at any time Customer has an overall net negative collected balance in a deposit account, the Bank is authorized to assess an overdraft charge and interest fees in such amounts as may be established by the Bank from time to time. If Customer is notified that a deposit account has been overdrawn at any time, Customer agrees, without negating the effect of any other provisions of this Agreement, to deposit immediately available funds with the Bank to return and maintain such deposit account to a positive collected balance. Any overdraft existing at the close of a banking day is immediately due and payable without notice or demand.
Overdraft Charges. As described in Section 4.6 of the Custody Agreement, overdraft charges will be at 100 basis points above the Fed Funds rate. An earnings credit using the most recent 90-day T-bill auction rate applied ▇▇ 90% of each day's positive collected balance will reduce custody, FDIC and other fees as allowed by law. For each month that the charges exceed the earnings credit, the deficiency shall be paid to Custodian. For each month that the earnings credit exceeds the charges, the Custodian shall carry such surplus credits forward to subsequent month(s) and calendar year(s) until utilized. Custodian is to be reimbursed for out of pocket expenses deemed to be exceptional. The above fee schedule will remain in effect until March 31, 1998 and thereafter unless changed. As stated by the Custodian in bidding to provide custody services to the Trust, if at any time the Trust is not completely satisfied with the Custodian's service levels, the Custodian will cease to charge custody fees until its responsiveness and accuracy meet the requirements of the Trust. EXHIBIT C Compensation of Custodian - Bond Funds Whereas Article XI of the Custody Agreement between Churchill Cash Reserves T▇▇▇▇ ▇▇▇ Bank One Trust Company, N.A. stipulates that the compensation of Custodian shall be agreed upon by the Trust and Custodian, the following is hereby agreed: The compensation of the Custodian shall be computed according to the following schedule:
I. Annual Holding Fee: .00006 times the market value of assets held
II. Activity Fee: A. $5.00 per book entry security transaction. For the purpose of this agreement, a "transaction " includes, but is not limited to, a purchase sale, maturity, redemption, tender, exchange, deposit, withdrawal, and collateral movement of a security.
Overdraft Charges. Fund overdrafts will be calculated at the Prime rate (as published in the Wall Street Journal) and charged on a daily basis. Jack▇▇▇ ▇▇▇ional Capital Management Funds Proposed Fee Schedule (Continued)
Overdraft Charges. 11.3.1 In the event you incur an overdraft charge due to an error by ▇▇▇▇▇▇▇▇, we will pay this charge.
11.3.2 Brompton will not be liable where an overdraft charge is incurred due to trading activity undertaken in the client’s best interests. This may typically occur where there is a difference in settlement terms between a bought and sold security. This may lead to a temporary overdraft occurring if funds are taken from your account to pay for a purchase prior to the proceeds from a sale arriving in your account.
Overdraft Charges. We agree to pay all overdrawn checks and waive overdraft charges for checks drawn against each LS Child Account provided funds are available in the applicable LS Parent Account to do so.