Administrator’s Fee Clause Samples
The Administrator’s Fee clause defines the compensation that the administrator is entitled to receive for managing or overseeing certain aspects of an agreement or project. Typically, this clause outlines the amount, frequency, and method of payment for the administrator’s services, and may specify whether the fee is fixed, variable, or contingent on certain milestones. Its core practical function is to ensure transparency and prevent disputes by clearly establishing the administrator’s remuneration and the terms under which it is paid.
Administrator’s Fee. The Servicer shall pay the fees and expenses of the Administrator described in Section 3 of the Administration Agreement.
Administrator’s Fee. The Trust shall pay to the Administrator compensation at the annual rate specified in Schedule D to this Agreement until this Agreement is terminated in accordance with Article 8. Such compensation shall be calculated and accrued daily, and paid to the Administrator monthly. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, the Administrator’s compensation for that part of the month in which this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of the Administrator’s compensation for the preceding month shall be made promptly. The Administrator shall be responsible for payment of fees to any affiliated or non-affiliated third party that provides services under this Agreement.
Administrator’s Fee. The Trust shall pay to the Administrator compensation at the annual rate specified in Schedule C to this Agreement until this Agreement is terminated in accordance with Article 7. Such compensation shall be calculated and accrued daily, and paid to the Administrator monthly. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, the Administrator's compensation for that part of the month in which this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of the Administrator's compensation for the preceding month shall be made promptly.
Administrator’s Fee. The Trust shall pay to the Administrator compensation at the annual rate specified in Schedule D to this Agreement until this Agreement is terminated in accordance with Article
Administrator’s Fee. For acting as Administrator pursuant to this Agreement, the Administrator shall be paid an amount equal to the Administrator’s Fee for each calendar month payable on each Settlement Date pursuant to clause fourteenth of Section 3.03(b).