Commencement Fee Sample Clauses
A Commencement Fee clause defines an upfront payment required at the start of a contract or project. This fee is typically paid by the client to the service provider or contractor before any substantive work begins, serving as a commitment to the agreement and often covering initial administrative or mobilization costs. The core function of this clause is to secure the provider’s engagement and offset early expenses, ensuring both parties are committed to proceeding with the contract.
Commencement Fee. The Company shall pay the Investor or its designee or nominee a non-refundable Commencement Fee, intended to reimburse the Investor for its costs in entering into the Contemplated Transactions, to be satisfied by way of issuance of the Commencement Fee Shares to the Investor or its designee or nominee
Commencement Fee. The Concessionaire shall pay a commencement fee of U.S. $5 Million to MWSS on the Commencement Date.
Commencement Fee. The Borrower shall pay to the Bank a fee equal to the value of the Commencement Fee. The Commencement Fee shall be payable upon the date of this Agreement.