Paying Agent Services Clause Samples
The Paying Agent Services clause defines the responsibilities and authority of a third party, known as the paying agent, to process and distribute payments on behalf of the parties involved in a financial transaction or agreement. Typically, this clause outlines how the paying agent will receive funds from one party and disburse them to the appropriate recipients, manage payment schedules, and maintain accurate records of all transactions. By delegating these payment-related tasks to a neutral agent, the clause ensures timely and accurate payments, reduces administrative burdens, and minimizes the risk of disputes over payment handling.
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Paying Agent Services. The Adviser appoints USBFS as paying agent to be responsible for administering payments for services provided to the Adviser or the Funds by certain third-party vendors engaged directly by the Adviser or the Funds, as further explained on Exhibit G hereto.
Paying Agent Services. As required pursuant to Section 1(i) and 1(k) are billed at prevailing rates.
Paying Agent Services. Add the following for fund administration payment of advisor expenses and budgeting on behalf of ETFs not utilizing a unitary fee structure: $5,000, per year - Up to funds $10,000 per year - Up to 10 funds $15,000 per year – Over 10 funds Fee for ICE data used to monitor corporate actions $[ ]per Foreign Equity Security per Month $[ ]per Domestic Equity Security per Month $[ ]per CMOs, Asset Backed, Mortgage Backed Security per Month $[ ]for the [ ]fund (subject to Board approval) $[ ]for each additional fund [ ] (subject to change based on Board review and approval) $[ ]for each fund over [ ] funds $[ ]per sub-adviser per fund (capped at $[ ]per sub-adviser over the fund complex) Per adviser relationship, and subject to change based upon board review and approval $[ ] per security per month Form N-PORT – $[ ]per year, per Fund Form N-CEN – $[ ]per year, per Fund
Paying Agent Services. The Trust and Adviser desire that Platform Services shall serve as the exclusive paying agent of the Funds, and hereby appoint Platform Services and Platform Services agrees to:
(1) undertake the obligation to pay all operational expenses of the Trust and on behalf of its Funds, including but not limited to making payments to each of the Adviser, Index Provider or Fund Sponsor, Administrator, Custodian and Transfer Agent, Trust counsel, the Board of Trustees and the Board’s independent counsel, and other agents or vendors employed by the Trust to perform various services for and on its behalf (except for interest, taxes, brokerage commissions and other expenses incurred in placing or settlement of orders for the purchase and sale of securities and other investment instruments of the Funds, acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, and distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act.
Paying Agent Services. The bank will handle all transactions entailed in the provision of paying agent services to Belgian and foreign companies, such as the payment of coupons and redeemable securities, the acceptance of securities for the purpose of attendance at general meetings of shareholders, distribution of bonus shares or of any balances on liquidation, exchanges and the like. In order to fulfil these tasks, the bank has to be provided with the necessary information by the companies concerned. The terms and conditions governing this service will be laid down in a separate agreement.