Bank Fee Clause Samples

A Bank Fee clause defines the responsibility for payment of fees charged by banks in connection with a transaction or agreement. Typically, this clause specifies which party must pay for wire transfer fees, processing charges, or other banking costs that arise during the execution of the contract. By clearly allocating these financial obligations, the clause helps prevent disputes over unexpected expenses and ensures transparency regarding transaction-related costs.
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Bank Fee. For and in consideration of the Bank entering into this Amendment, the Borrower shall pay to the Bank a fee in the amount of Twenty-Five Thousand Dollars ($25,000.00), due and payable in full on the Effective Date. Borrower consents to Bank charging Borrower's Revolving Line of Credit loan account for any such fee.
Bank Fee. (a) We shall charge a transfer fee each time funds are transferred by us or received by us in connection with this Agreement. (b) You shall pay us all bank commission and other charges and expenses incurred or payable by us in relation to this Agreement and the arrangements contemplated in it on demand.
Bank Fee. This is the fee charged by the Banking Partner for the Bank Product. This fee will be deducted from the taxpayer’s refund.
Bank Fee. Bank's receipt of an extension and amendment fee of -------- $10,000;
Bank Fee. In consideration for having agreed to make the Loan, as described herein, the Bank shall receive from the Borrower a commitment fee in the amount of Twenty-Four Thousand Seven Hundred Twenty-Five Dollars ($24,725), which shall be due, payable and earned as of the date of Closing, even if the Loan never closes. Upon payment, the commitment fee shall be the non-refundable property of the Bank, even if, for any reason, the Loan is not made or the principal amount of the Loan ultimately disbursed is less than the maximum principal amount of the Loan specified herein. The commitment fee shall not be considered a prepayment or advance of closing costs or expenses. In the event Completion of the Project is not attained on or before the June 30, 2006, through no fault or lack of diligence by the Borrower, and in the further event there has been no Event of Default that is continuing, then the Borrower may request an extension of the Construction Loan term for up to ninety (90) days which the Bank may, in its sole and absolute discretion, grant only upon payment of a $2,000 extension fee.
Bank Fee. DORAL will charge a non refundable bank fee in the amount of FOUR THOUSAND EIGHT HUNDRED SIXTY DOLLARS ($4,860). This commission will be included in the first disbursement of the LOAN, earned completely by DORAL at that moment and deducted and charged by DORAL from the product of the disbursement of the LOAN. Such fee will not be refundable.
Bank Fee. In consideration of Bank's agreement to sell the Receivables to Purchaser, Purchaser shall pay Bank a fee of $1.00 per Card for so long as this Agreement remains in effect (the "Fixed Fee"). Purchaser shall pay Bank a minimum Fixed Fee based upon 25,000 credit cards. The minimum Fixed Fee shall be due and payable during each of the first twelve months of the first year of this Agreement, provided that Purchaser shall be under no obligation to continue to pay the minimum Fixed Fee if (1) Bank materially alters its Credit Criteria and Standards, a copy of which is attached hereto as Exhibit A, for the Marketer Card Portfolio without the prior written consent of Purchaser, (2) the marketing program generating the Marketer Card Portfolio cannot be continued due to VISA or MasterCard regulations or state or federal law, regulation, or ruling, (3) the Bankcard Marketing Agreement between Bank and Purchaser is terminated, or (4) the Marketer Card Portfolio is transferred to a financial institution other than Bank. Purchaser shall pay the Fixed Fee on the 15th day of each month. The Fixed Fee shall be based upon the number of Cards issued and outstanding in the Marketer Card Portfolio as of the last day of the prior month as shown on the reports of the third-party processor described in Section 1.6 of the Agreement. The Fixed Fee shall be paid by cash or wire transfer." 3) Section 1.6(b) and the second subsection(v) of the Purchase Agreement shall be amended to replace the words " within 5 days" with "within fifteen (15) days".
Bank Fee. The Shareholders, Kirc▇ ▇▇▇ Heim▇▇▇▇ ▇▇▇ll have paid or otherwise discharged the success fee payable to American National Bank and Trust Company of Chicago ("ANB") pursuant to the bridge loan by ANB to RIMS and shall have delivered to TriZetto written evidence of such payment reasonably satisfactory to TriZetto.
Bank Fee. For and in consideration of the Bank entering into this Amendment and increasing the maximum principal amount available to the Borrower under the Revolving Line of Credit Loan, the Borrower shall pay the Bank a fee in the amount of Twenty-five Thousand Dollars ($25,000.00); provided, however, that such fee shall only be due and payable in the event that the Parent issues additional capital stock within the twelve (12) month period from the date hereof, and the proceeds of such issuance are used, in whole or in part, to pay down the outstanding principal amount under the Revolving Line of Credit Loan by an amount in excess of $1,000,000.00. WPI MAGNETEC, INC. /s/ Mich▇▇▇ ▇▇▇▇ By: /s/ Mich▇▇▇ ▇▇▇▇▇▇ ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title WITNESSES: WPI ELECTRONICS, INC. /s/ Mich▇▇▇ ▇▇▇▇ By: /s/ Mich▇▇▇ ▇▇▇▇▇▇ ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title WPI TERMIFLEX, INC. /s/ Mich▇▇▇ ▇▇▇▇ By: /s/ Mich▇▇▇ ▇▇▇▇▇▇ ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title WPI MICRO PALM, INC. /s/ Mich▇▇▇ ▇▇▇▇ By: /s/ Mich▇▇▇ ▇▇▇▇▇▇ ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title
Bank Fee. ▇▇▇▇▇▇▇▇ agrees to pay Bank an annual fee of $1,000.00, with the first payment due on the date of this Agreement, and then annually thereafter on the anniversary date of this Agreement until the EXIM Line Expiration Date.