Down Fees definition

Down Fees shall have the meaning specified in Section 5.4 of the Down Trust Agreement.
View Source
Down Fees. Should the parties terminate this agreement effective 12/31/99, Client agrees to reimburse NCES actual employer wind down costs in an amount not to exceed $50,000, payable within 30 days of the termination date of this agreement, unless such date is December 31, 2000 or later, in which case no wind down fees shall be applicable.
View Source

Examples of Down Fees in a sentence

  • Each of the Administrative Agent and the Marketing Agent may, in its sole discretion, waive reimbursement of any expenses which it pays on behalf of the Down Trust during any period of time when yields on Eligible Treasury Securities are below the sum of (i) the combined variable rates at which the Down Fees accrue and (ii) the effective rate at which the Down Fixed Expense Estimate is deducted from the Trust Assets, as such rate may fluctuate as a result of adjustments in the Down Fixed Expense Estimate.

  • Each of the Administrative Agent and the Marketing Agent may, in its sole discretion, waive any fees payable to it by the Down Trust during any period of time when yields on Eligible Treasury Securities are below the sum of (i) the combined variable rates at which the Down Fees accrue and (ii) the effective rate at which the Down Fixed Expense Estimate is deducted from the Trust Assets, as such rate may fluctuate as a result of adjustments in the Down Fixed Expense Estimate.

  • The sum of Labor and Materials are herein defined as the "Close Down Fees." Close Down Fees will be due by wire transfer on each Monday for the Labor supplied and Materials purchased through the previous Friday.

  • Investor Services Agreement Should you desire to close out the bank account(s) of any Discontinued Program, we can provide a settlement estimate for a set period of time and you can prepay the Wind Down Fees prior to sending that Program’s final tax forms.