Anniversary Fee Sample Clauses
The Anniversary Fee clause establishes a recurring payment obligation that is due each year on the anniversary of the contract’s effective date. Typically, this fee is charged to the client or licensee for continued access to services, software, or rights granted under the agreement, and the amount and payment terms are specified within the contract. Its core practical function is to ensure ongoing compensation for the provider and to clearly define the timing and amount of annual payments, thereby preventing disputes over continued service fees.
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Anniversary Fee. An anniversary fee equal to One Hundred Twenty- Five Thousand Dollars ($125,000) (the “Anniversary Fee”), which is due and payable on the earlier to occur of (i) each anniversary of the Effective Date, (ii) the termination of this Agreement, or (iii) the occurrence of an Event of Default, and shall be fully earned and non-refundable as of such date;
Anniversary Fee. A fully earned, non-refundable anniversary fee of Twenty Thousand Dollars ($20,000,00), which fee shall be earned as of the date hereof, and shall be payable on the date that is one year from the 2008 Effective Date;
Anniversary Fee. An anniversary fee, fully earned and non-refundable as of the Effective Date equal to Fifty Thousand Dollars ($50,000) per annum (the “Anniversary Fee”), which is due and payable on the earlier to occur of (i) each anniversary of the Effective Date, (ii) the termination of Agreement, or (iii) the occurrence of an Event of Default; provided, that no more than One Hundred Thousand Dollars ($100,000) in the aggregate shall be required to be paid as the Anniversary Fee hereunder during the term of this Agreement;
Anniversary Fee. From and after the Effective Date and until the Termination Date, the Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their Pro Rata Share, a non-refundable anniversary fee (the “Anniversary Fee”) equal to 1.00% of the average daily principal amount of the Term Loan outstanding during the previous 12 months, which shall be deemed fully earned when paid and which shall be payable on each anniversary of the Effective Date.
Anniversary Fee. A fully earned, non-refundable fee of $10,000, on September 30, 2013; and if this Agreement is terminated prior to September 30, 2013, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.
Anniversary Fee. A fully earned, non-refundable commitment fee of $35,000, on the first anniversary of the Effective Date, provided, however, if Borrower elects, prior to the first anniversary of the Effective Date, to increase the Maximum Dollar Amount to $10,000,000, then an additional $15,000 on the first anniversary of the Effective Date; and
Anniversary Fee. A fully earned, non-refundable commitment fee of $25,000, on the first anniversary of the Effective Date; and
Anniversary Fee. On October 1, 2018 and on each annual anniversary of such date (other than the Term Loan Maturity Date), a nonrefundable fee of $8,500; and
Anniversary Fee. A fully earned, non-refundable anniversary fee of Thirty Thousand Dollars ($30,000.00) (the “Anniversary Fee”) is earned as of the Effective Date and is due and payable on the earlier to occur of (i) the one (1) year anniversary of the Effective Date, (ii) the termination of this Agreement, or (iii) the occurrence of an Event of Default;
Anniversary Fee. Borrower shall pay to Bank an anniversary fee of Fifty Six Thousand Two Hundred Fifty Dollars ($56,250.00), which shall be fully earned, non-refundable and due and payable on March 25, 2017 (the first anniversary of the First Amendment Effective Date).