Open Accounts definition

Open Accounts is any account on the books of LFS representing record ownership of shares of a Fund which as of the first day of any calendar month has a share balance greater than zero. The Open Account fee shall be payable on a monthly basis, in an amount equal to 1/12 the per annum change.

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Open Accounts is any account on the books of CFS representing record ownership of shares of the Funds which as of the first day of any calendar month has a share balance greater than zero. The Open Account fee shall be payable on a monthly basis, in an amount equal to 1/12 the per annum change. The Funds designated with (*) in Appendix I shall reimburse CFS monthly for applicable out-of-pocket expenses, including, but not limited to the following items: * Microfiche/microfilm production * Magnetic media tapes and freight * Printing costs, including certificates, envelopes, checks and stationery * Postage (bulk, pre-sort, ZIP+4, barcoding, first class) direct pass through to the Trusts * Due diligence mailings * Telephone and telecommunication costs, including all lease, maintenance and line costs * Ad hoc reports * Proxy solicitations, mailings and tabulations * Daily & Distribution advice mailings * Shipping, Certified and Overnight mail and insurance * Year-end forms and mailings * Terminals, communication lines, printers and other equipment and any expenses incurred in connection with such terminals and lines * Duplicating services * Courier services * Incoming and outgoing wire charges * Federal Reserve charges for check clearance * Overtime, as approved in advance by the Trusts * Temporary staff, as approved in advance by the Trusts * Travel and entertainment, as approved in advance by the Trusts * Record retention as required by the Trusts, retrieval and destruction costs, including, but not limited to, exit fees charged by third party record keeping vendors * Third party audit reviews * Ad Hoc SQL time * Insurance * Such other miscellaneous expenses reasonably incurred by CFS in performing its duties and responsibilities under this Agreement. The Funds designated with (*) in Appendix I agree that postage and mailing expenses will be paid on the day of or prior to mailing as agreed with CFS. In addition, the Funds will promptly reimburse CFS for any other unscheduled expenses incurred by CFS whenever the Funds and CFS mutually agree that such expenses are not otherwise properly borne by CFS as part of its duties under the Agreement. METHODOLOGY OF ALLOCATING CFS REIMBURSABLE OUT-OF-POCKET EXPENSES

Open Accounts. The terms of this fee and service schedule covers up to 1,000 Open Accounts per annum. Excess to be billed at $12.00 per account, per annum.

Examples of Open Accounts in a sentence

The Marketing Partner Fee in relation to new Qualified Introduced Clients and/or Qualified Introduced Open Accounts (as applicable) will be payable only following the relevant member of the IG Group’s verification and checks concerning all new Introduced Clients in accordance with the requirements of any applicable law and IG’s internal verification process.
The Marketing Partner shall have no claims to fees originated from Introduced Clients, Qualified Introduced Clients and/or Qualified Introduced Open Accounts, Parent-Marketing Partners and/or Sub- Marketing Partners not referred solely by it.
Open Accounts1 Networked $ 4.70/account Non-Networked (Excluding Trust Accounts) $16.50/account Trust Accounts $ 6.00/account Closed Accounts No additional charge For billing purposes, Open Accounts are calculated and invoiced at the end of each month using the following formula: Open Accounts plus Closed Accounts, minus the prior month’s Closed Accounts.
Borrower shall close the Open Accounts and move all depository and treasury services business conducted through the Open Accounts to Heartland Bank within thirty (30) days of the date hereof; provided, that in no event shall the balance of any such Open Account exceed $10,000.
Notwithstanding the foregoing, Agent may at any time require Borrower to deliver a control agreement, in form and content acceptable to Agent, for all or any of the Open Accounts, and if Borrower fails to provide such control agreement within three (3) days of Agent’s request, Agent may require Borrower to immediately close such Open Account and move all amounts on deposit therein to Heartland Bank.

More Definitions of Open Accounts

Open Accounts. The terms of this Agreement will cover up to 2,000 Open Accounts per annum. Excess to be billed at $12.00 per Open Account.

Open Accounts is any account on the books of CFS representing record ownership of shares of the Trusts which as of the first day of any calendar month has a share balance greater than zero. The Open Account fee shall be payable on a monthly basis, in an amount equal to 1/12 the per annum change. EXHIBIT 1 METHODOLOGY OF ALLOCATING CFS REIMBURSABLE OUT-OF-POCKET EXPENSES

Open Accounts means any motor vehicle retail installment sales contract serviced by the Servicer.

Open Accounts means any right to payment on Open Orders.

Open Accounts has the meaning set forth in the Servicing Procedures and Credit Manual.

Open Accounts has the meaning set forth in Section 6.3.1 (First and Second Launch Years).

Open Accounts shall be defined as any account in any one month with the following status: open with balance, open with zero balance, open with negative balance or closed with account activity.