PPMF definition
Examples of PPMF in a sentence
The conversion plan shall include procedures for conversion, procedures and reasonable time frames for resolving discrepancies arising from the conversion, procedures for conversion between billing and payment of Networking fees and the PPMF under Sections 4.a. and 4.b. of the Agreement, an approximation of the number of Sub-Accounts in the case of conversion of Omnibus to Sub-Accounts, and such other matters as necessary to effect the conversion.
As soon as practicable after the end of the quarter, Schwab shall provide to Fund Company an invoice for the amount of the PPMF due for each Fund.
The PPMF is due by Distributor each quarter upon receipt of the invoice from Schwab setting forth such fee.
In the calculation of the PPMF, ▇▇▇▇▇▇’▇ records shall govern unless an error can be shown in the rate used in such calculation.
The Recipient shall keep ADB informed of, and the Recipient and ADB shall from time to time exchange views on, sector issues, policy reforms and additional reforms arising during the implementation of the Program Cluster and the PPMF, that may be considered necessary or desirable, including the progress made in carrying out policies and actions set out in the Policy Letter and the Policy Matrix.
The amount billed to each Fund for a quarter shall be the product of such calculation or, if applicable, the minimum PPMF of $7,500, whichever is greater.
DOF will, as needed, hold consultative meetings with the private sector and development partner community to solicit their feedback on emerging regulations and the impact of Program and PPMF implementation.
In this case, PPMF will discard all samples and data upon completion of the project.
Schedule I may be amended unilaterally by Schwab immediately upon notice to Fund Parties, provided however that any new or changed Networking Fee or PPMF to be paid to Schwab pursuant to Section 4 of this Agreement ("Fee Term") shall have been previously approved (including by email) by Fund Parties.
The Per Position Maintenance Fee (“PPMF”) for administrative services performed with respect to the Account(s) for a Fund shall be as set forth on Schedule I and will apply to each brokerage account on ▇▇▇▇▇▇’▇ records that holds one or more shares of the Fund (each a “Position”), provided, however, that the PPMF shall not apply to a Position if, at any time during the quarter, that Position included shares that were used in the calculation of the Fee under the Services Agreement during that same quarter.