Common use of Fees from Customers Clause in Contracts

Fees from Customers. It is agreed that the Financial Institution may impose certain conditions on Customers, in addition to or different from those imposed by the Trust, such as requiring a minimum initial investment or charging Customers direct fees for the same or similar services as are provided hereunder by the Financial Institution as Agent (which fees may either relate specifically to the Financial Institution's services with respect to the Trust or generally over services not limited to those with respect to the Trust). The Financial Institution shall xxxx Customers directly for such fees. In the event the Financial Institution charges Customers such fees, it shall make appropriate prior written disclosure (such disclosure to be in accordance with all applicable laws) to Customers both of any direct fees charged to the Customer and of the fees received or to be received by it from the Trust pursuant to Section 3.1 of this Agreement. It is understood, however, that in no event shall the Financial Institution have recourse or access as Agent or otherwise to the account of any shareholder of the Trust except to the extent expressly authorized by law or by such shareholder, or to any assets of the Trust, for payment of any direct fees referred to in this Section 3.2.

Appears in 4 contracts

Samples: Proposed Shareholder Servicing Agreement (Mutual Fund Group), Proposed Shareholder Servicing Agreement (Mutual Fund Trust), Agreement (Jp Morgan Mutual Fund Group/Ma)

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