Abortive fee Sample Clauses

An abortive fee clause establishes a payment obligation if a transaction or project is terminated before completion. Typically, this clause requires one party to compensate the other for costs incurred or work performed up to the point of termination, regardless of whether the final objective is achieved. Its core function is to ensure that parties are not left uncompensated for their efforts or expenses if the deal falls through, thereby allocating risk and discouraging frivolous or premature termination.
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Abortive fee. A tenant is a “ready, willing and able” tenant if they are prepared and able to exchange contracts to let your property based on the heads of terms agreed by them and you. You will be liable to pay remuneration to us (the Abortive Fee), in addition to any other costs or charges agreed, if such a tenant is introduced by us in accordance with your instructions and this must be paid even if you subsequently withdraw and contracts for letting are not exchanged, irrespective of your reasons.
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Abortive fee. A purchaser is a “ready, willing and able” purchaser if they are prepared and able to exchange unconditionalcontracts for the purchase of your property. You will be liable to pay remuneration to us (the Abortive Fee), in addition to anyother costs or charges agreed, if such a purchaser is introduced by us in accordance with your instructions and this must be paid even if yousubsequently withdraw and unconditional contracts for sale are not exchanged, irrespective of your reasons.
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Related to Abortive fee

  • Incentive Fee In the event that the actual costs for the development and construction of the Project are less than the Projected Project Costs (such difference being referred to as the "Savings"), fifty percent (50%) of the Savings shall be paid to the Developer as an incentive fee.

  • Utilization Fee If the aggregate outstanding amount of (i) all Revolving Credit Advances hereunder and (ii) all "Revolving Credit Advances" under (and as defined in) the Three-Year Agreement exceeds thirty-three percent (33%) of the aggregate amount of (x) all Commitments hereunder and (y) all "Commitments" under (and as defined in) the Three-Year Agreement then in effect on such date (or, if any of the Commitments or "Commitments" have been terminated, the aggregate amount of all Commitments and "Commitments" in effect immediately prior to such termination), the Borrower will pay to the Agent for the ratable benefit of the Lenders a utilization fee (the "Utilization Fee") at a per annum rate equal to the Applicable Utilization Fee Rate in effect from time to time payable on the aggregate outstanding amount of all Revolving Credit Advances on such date, payable in arrears quarterly on the last day of each March, June, September and December, and on the Revolver Termination Date.

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • DIR Administrative Fee A. The administrative fee to be paid by the Vendor to DIR based on the dollar value of all sales to Customers pursuant to this Contract is three-quarter of one percent (.75%). Payment will be calculated for all sales, net of returns and credits. For example, the administrative fee for sales totaling $100,000 shall be $750.00. B. All prices quoted to Customers shall include the administrative fee. DIR reserves the right to change this fee upwards or downwards during the term of this Contract, upon written notice to Vendor without further requirement for a formal contract amendment. Any change in the administrative fee shall be incorporated in the price to the Customer.

  • Development Fee A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.