Deconversion Fee definition

Deconversion Fee. In the event Client requests that Mellon provide records to a successor agent, in connection with the expiration or termination of this Agreement, Client shall pay Mellon a fee for deconversion services (e.g., providing shareholder lists and files, producing and shipping records, answering successor agent inquiries). This fee will be based on Mellon's then-current deconversion fee schedule. Mellon may withhold the Client's records, reports and unused certificate stock from a successor agent pending the Client's payment in full of all fees and expenses owed to Mellon under this Agreement. Legal, Technological Expenses: Certain expenses may be incurred in resolving legal matters that arise in the course of performing services hereunder. This may result in a separate charge to cover ▇▇▇▇▇▇'▇ expenses (including the cost of external or internal counsel) in resolving such matters; provided that any legal expenses charged to the Clients shall be reasonable. Mellon shall use best efforts to consult with Client prior to incurring any material expenses in accordance with this paragraph. In the event any Federal regulation and/or state or local law are enacted which require Mellon to make any technological improvements and/or modifications to its current system, Client shall compensate Mellon, on a pro rata basis proportionate to the Client's registered shareholder base, for the costs associated with making such required technological improvements and/or modifications. Record Storage: Monthly fee of $2.50 per box, with a minimum charge of $50.00.

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Deconversion Fee. Subject to Section 8.01(c), an amount equal to $250 per Mortgage Loan if such Mortgage Loan is not serviced by the Master Servicer or the Special Servicer, as applicable, for at least twelve (12) months.

Deconversion Fee. In the event Client requests that Mellon provide records to a successor agent, in connection with the expiration or termination of this Agreement, Client shall pay Mellon a fee for deconversion services (e.g., providing shareholder lists and files, producing and shipping records, answering successor agent inquiries). This fee will be based on Mellon's then-current deconversion fee schedule. Mellon may withhold the Client's records, reports and unused certificate stock from a successor agent pending the Client's payment in full of all fees and expenses owed to Mellon under this Agreement. LEGAL, TECHNOLOGICAL EXPENSES: Certain expenses may be incurred in resolving legal matters that arise in the course of performing services hereunder. This may result in a separate charge to cover Mellon's expenses (including the cost of external or internal counsel) in resolving such matters. Client agrees to reimburse Mellon for such expenses provided that any legal expenses charged to the Client relate directly and solely to Client legal matters and shall be reasonable. In the event any Federal regulation and/or state or local laws are enacted which require Mellon to make any technological improvements and/or modifications to its current system, Client shall compensate Mellon, on a pro rata basis proportionate to the Client's registered shareholder base, for reasonable costs associated with making such required technological improvements and/or modifications; provided that Mellon use its best efforts to seek Client's approval at least 120 days' in advance of any such, such approval not to be unreasonably withheld.

Examples of Deconversion Fee in a sentence

For clarity, the Early Deconversion Fee includes costs of processing Chargebacks, restocking equipment, and deleting numbers related to your deconversion.
Notwithstanding the foregoing, no Early Deconversion Fee will be charged to the extent it is prohibited by Law.
The Deconversion Fee does not include any fees charged by existing vendors (e.g., Envision Financial Services), the new servicer, proxy fees, legal fees or audit fees, which shall be borne by the Trust.
If we terminate this Agreement after a breach by you, or if you wrongfully terminate the Agreement, you shall pay us the Early Deconversion Fee set forth on the Merchant Application and Price Schedule for each “Merchant Chain.” For clarity, the Early Deconversion Fee includes costs of processing Chargebacks, restocking equipment, and deleting numbers related to your deconversion.
Notwithstanding the foregoing, the Early Deconversion Fee and liquidated damages fee will not exceed the maximum amount set forth by applicable law.
Merchant authorizes Processor to debit Merchant’s Designated Account for, or deduct from any settlement funds otherwise owed to Merchant, the Early Deconversion Fee, plus any and all losses (including costs, expenses and liabilities) incurred by Processor in connection with termination.
The Deconversion Fee does not include any fees charged by the new servicer, proxy fees, legal fees or audit fees, which shall be borne by the Trust.
If Merchant’s settlement funds or the balance in the Designated Account is insufficient to cover the Early Deconversion Fee and all such losses, Merchant agrees to pay Processor such amounts immediately upon receipt of invoice.
Notwithstanding the foregoing, no Early Deconversion Fee will be charged to the extent it is prohibited by Laws or Operating Regulations.
If Owner enters into a contract with Master Servicer or its Affiliate for the license of its commercially available software system for use in servicing commercial mortgage loans for a minimum term of one (1) year or more, then no Deconversion Fee shall apply.

More Definitions of Deconversion Fee

Deconversion Fee. In the event Client requests that Mellon provide records to a successor agent, in connection with the expiration or termination of this [MELLON LOGO]MELLON Exhibit D MELLON INVESTOR SERVICES A MELLON FINANCIAL COMPANY(SM) Agreement, Client shall pay Mellon a fee for deconversion services (e.g., providing shareholder lists and files, producing and shipping records, answering successor agent inquiries). This fee will be based on Mellon's then-current deconversion fee schedule. Mellon may withhold the Client's records, reports and unused certificate stock from a successor agent pending the Client's payment in full of all fees and expenses owed to Mellon under this Agreement. LEGAL, TECHNOLOGICAL EXPENSES: Certain expenses may be incurred in resolving legal matters that arise in the course of performing services hereunder. This may result in a separate charge to cover Mellon's expenses (including the cost of external or internal counsel) in resolving such matters; provided that any legal expenses charged to the Clients shall be reasonable. Mellon shall use best efforts to consult with Client prior to incurring any material expenses in accordance with this paragraph. In the event any Federal regulation and/or state or local law are enacted which require Mellon to make any technological improvements and/or modifications to its current system, Client shall compensate Mellon, on a pro rata basis proportionate to the Client's registered shareholder base, for the costs associated with making such required technological improvements and/or modifications. RECORD STORAGE: Monthly fee of $2.50 per box, with a minimum charge of $50.00.