Confirmation Fee Clause Samples
A Confirmation Fee clause establishes the requirement for a borrower or client to pay a fee to a lender or service provider as a condition for confirming or finalizing a financial arrangement, such as a loan or credit facility. Typically, this fee is a fixed amount or a percentage of the total facility and is payable upon the execution of the agreement or upon the lender's confirmation of their commitment. The clause ensures that the lender is compensated for reserving funds or providing a financial commitment, thereby securing the lender's interests and formalizing the borrower's intent to proceed with the transaction.
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Confirmation Fee. You may be required to make a payment to confirm your room prior to occupancy. This fee would be applied towards your semester payment and will be considered a confirmation fee.
Confirmation Fee. The Borrower agrees to pay to any confirming bank a confirmation fee in such amount as may customarily be charged by such confirming bank to confirm any L/C issued hereunder.
Confirmation Fee. Subject to Clause 3.1, the Confirmation Fee is payable by the Hirer on the Payment Date detailed in the Specific Terms or where no Payment Date is specified, then 10 Working Days following signing of the Venue Hire Agreement. The Confirmation Fee is non-refundable.
Confirmation Fee. Subject to Clause 3.1, the Confirmation Fee is payable by the Hirer on account of the Venue Hire Fee by the Payment Date detailed in the Venue Hire Agreement or where no Payment Date is specified, then 10 Working Days following signing of the Agreement. The Confirmation Fee is non-refundable on the basis that this is a genuine pre-estimate of loss to the Venue Operator as it may not be possible to re-hire the Venue to another hirer at the same or any other price, and this is not intended to operate as a penalty.
Confirmation Fee. 4.1 Confirmation Fee may be required: On entering into this Agreement, the Hirer may be required to pay a specified sum as a deposit ("Confirmation Fee"). The Council staff member taking the Hirer's booking will advise if a Confirmation Fee is required and the amount.
Confirmation Fee. You agree to pay ITFI a non-refundable Confirmation fee (risk fee) calculated at the rate of 0.75% flat of the Supply Payment component of each B/E for each 3O-day period or part thereof during the period from the issue date of each POC to the maturity date of each corresponding B/E. This amount will also be included in computing the face amount of each B/E.