Common use of Revenue Requirement Clause in Contracts

Revenue Requirement. MissionSquare shall receive total annual aggregate revenue of 0.055% of Plan assets under MissionSquare’s administration for providing recordkeeping and other services to the Plans. Such revenue shall be deducted by MissionSquare from amounts collected through the application of the asset-based fee described in section 8(a) prior to allocation of any participant level asset-based fees to the Administrative Allowance Account described is section 8(c) below.

Appears in 1 contract

Sources: Administrative Services Agreement

Revenue Requirement. MissionSquare shall receive total annual aggregate revenue of 0.0550.0725% of Plan assets under MissionSquare’s administration for providing recordkeeping and other services to the Plans. Such revenue shall be deducted by MissionSquare from amounts collected through the application of the asset-based fee described in section 8(a) prior to allocation of any participant level asset-based fees to the Administrative Allowance Account (an unallocated plan account, which may also be known as a “plan level expense account”) described is section 8(c) below.

Appears in 1 contract

Sources: Administrative Services Agreement

Revenue Requirement. MissionSquare shall receive total annual aggregate revenue of 0.0550.33% of Plan assets under MissionSquare’s administration for providing recordkeeping and other services to the PlansPlan. Such revenue shall be deducted by MissionSquare from amounts collected through the application of the asset-based fee described in section 8(a7(a) prior to allocation of any participant level asset-based fees to the Administrative Allowance Account (an unallocated plan account, which may also be known as a “plan level expense account”) described is in section 8(c7(c) below.

Appears in 1 contract

Sources: Administrative Services Agreement