Schedule of Basis of Compensation for Loan Sample Clauses

Schedule of Basis of Compensation for Loan. Please contact your broker-dealer for information concerning calculation of the Loan Fee.
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Schedule of Basis of Compensation for Loan. The compensation to Counterparty will be in the form of a Loan Fee, which will be credited daily. The Loan Fee is calculated as 15% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 85% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firm. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program. Annex I-A “Party acting as Agent” hereby does not apply. Annex II Market Value Shall not apply Annex III Term Loans Shall not apply Schedule B (Optional)
Sample 1Sample 2See All (4)
Schedule of Basis of Compensation for Loan. The net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firm. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program. Annex I-A “Party acting as Agent” hereby does not apply. Annex II Market Value Shall not apply Annex III Term Loans Shall not apply Schedule B (Optional)
Sample 1
Schedule of Basis of Compensation for Loan. The compensation paid to Counterparty will be in the form of a Loan Fee, which will be accrued on a daily basis. The Loan Fee is calculated as 15% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 85% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing broker. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program.
Sample 1
Schedule of Basis of Compensation for Loan. The compensation for the Loan will be paid by Apex to Counterparty's introducing broker, ("Introducing Broker"). The Compensation to Introducing Broker will be in the form of a Loan Fee, which will be credited to Introducing Broker daily. The Loan Fee is calculated as 50% of the net proceeds earned and received by Apex for relending Counterparty's shares. The remaining 50% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation. The percentages may be changed by Apex in Apex's sole discretion. Unless otherwise agreed, any Loan Fee payable to Introducing Broker hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. The only compensation to Counterparty for the Loan will be in the form of reduced management fees by Introducing Broker. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation's Fully-Paid Securities Lending Program. Annex I-A "Party acting as Agent" hereby does not apply. Annex II Market Value Shall not apply Annex III Term Loans Shall not apply Schedule B (Optional) Defined Terms and Supplemental Provisions IMPORTANT DISCLOSURES REGARDING RISKS AND CHARACTERISTICS OF PARTICIPATING IN APEX CLEARING CORPORATION'S FULLY-PAID SECURITIES LENDING PROGRAM Please read these important disclosures carefully before deciding whether to participate in Apex Clearing Corporation's Fully-Paid Securities Lending Program and before signing a Master Securities Lending Agreement for Apex Clearing Corporation's Fully-Paid Securities Lending Program. These disclosures describe important characteristics of, and risks associated with engaging in, securities lending transactions.
Sample 1

Related to Schedule of Basis of Compensation for Loan

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  • Termination for Non-Allocation of Funds 4.17.2 Renegotiate the Contract under the revised funding conditions; or

  • Status of Salary Schedule The salary schedules are not to be construed as part of a teacher’s continuing contract. In the event a successor Agreement is not entered into prior to the expiration date of this Agreement, a teacher shall be compensated according to the previous year’s compensation until such time that a successor Agreement is executed.

  • HOLIDAY COMPENSATION FOR TIME WORKED 126. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time- and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime as provided for elsewhere in this contract. 127. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  • COMPUTATION OF BACK WAGES No claim for back wages shall exceed the amount of wages the employee would otherwise have earned at the employee's regular rate less:

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

  • Compensation for Work on a Holiday (a) Where an Employee is regularly scheduled to work, in accordance with Article 14, and her regularly scheduled day of work falls on a paid holiday, as defined in Article 18.01, she shall receive compensation equal to two and one-half (2 ½) times her regular rate of pay as follows:

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

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