Contribution Fee Clause Samples
A Contribution Fee clause defines the obligation of one party to pay a specified fee or amount towards a shared cost, project, or service. Typically, this clause outlines the amount, timing, and method of payment, and may specify what the fee covers, such as maintenance, improvements, or operational expenses. Its core function is to ensure that all relevant parties contribute fairly to collective costs, thereby preventing disputes and clarifying financial responsibilities.
Contribution Fee. In connection with Services rendered with respect to the Contribution, the Company hereby agrees to pay the Advisor a fee in the amount of $1,500,000, together with reimbursement of any unreimbursed or unpaid expenses incurred by the Advisor in connection with the Contribution, with such fee and expenses to be payable by the Company on the earlier of (x) the closing of an initial public offering of common stock by the Company (or any successor to the Company by merger, consolidation or reorganization of the Company, by incorporation or otherwise), or (y) September 30, 1998.
Contribution Fee. Each Funding Confirmation sent by Bank to CLF shall set forth the amount of the projected Contribution Fee for the prospective Confirmed Loan. Promptly upon completion of underwriting, Bank shall notify CLF of the actual amount of the Contribution Fee by sending a Contribution Fee Notice to CLF. CLF shall pay Bank such Contribution Fee for each Loan as follows: