Initial Charge definition
Examples of Initial Charge in a sentence
Unless otherwise stated on the Order Form, Supplier shall, following the issue of the Initial Charge invoice, send its next invoice normally within fourteen (14) days of the Effective Date and then at monthly intervals thereafter.
The amount set forth on the Order Confirmation as the "Initial Charge" is due on the Effective Date.
First £100,000 invested £3,000 Next £200,000 invested £4,000 Total Initial Charge £7,000 2.33% On Going Adviser Servicing Fee 0 0.5% £1,500 Platform charges Based on £300,000 investment 0 0.327% £981 Personal Pension Investment (£300,000) 0.82% £2.460 This example is based on the Old Mutual platform.
If the Actual Charge exceeds the Initial Charge, Tenant shall pay that portion of such amount which would have been paid to the date of the determination of the Actual Charge within thirty (30) days after being billed therefor; if the Initial Charge exceeds the Actual Charge, Tenant shall be entitled to a credit against installments of the Actual Charge thereafter coming due in an amount equal to the overpayments made by Tenant up to the date of the determination of the Actual Charge.
Service Initial Charge On-going Charge per annum Initial report £1,850 minimum N/A £325 per hour (we estimate it will take between 6-8 hours to produce a report) N/A Implementation (lump sum) 3% of your investment up £500,000 2% on the next £500,000 1% of any funds in excess of £1m 1% Review of Existing holdings £325 per hour Transfer of Agency from previous adviser * Minimum charge £250 per plan 1% Implementation (regular premium or savings plans) £1,500 on premiums up to £250 per month.