Deferred Fee Sample Clauses
A Deferred Fee clause establishes that payment for certain goods or services will be postponed to a later date rather than being made immediately upon delivery or completion. Typically, this clause outlines the specific conditions under which the fee will become due, such as the achievement of a milestone, the passage of a set period, or the occurrence of a particular event. By deferring payment, this clause helps manage cash flow for the paying party and can facilitate transactions where immediate funds are not available, ultimately providing flexibility in financial arrangements between the parties.
Deferred Fee. This is paid for the exclusive use of your residence and your right to shared use of the Communal Amenities and Common Areas. It is calculated at 2.5% of the New Loan paid for the Residence or failing that the Outgoing Market Value of the Residence multiplied by number of elapsed Fee Days up to a maximum of 3,650 Fee Days and divided by 365. Hence the fee is capped at a maximum of 25% (after ten years residency) of the Outgoing Market Value or New Loan paid.
Deferred Fee. The Borrowers shall pay to the Facility Agent a non-refundable deferred fee (for the account of the Lenders pro-rata to their Commitments) on the Payment Date in relation to each Tranche in an amount equal to 2 per cent. of the utilised amount in respect of that Tranche. In this Clause 10.3 (Deferred Fee):
Deferred Fee. The Borrower shall pay to the Facility Agent on the applicable Payment Date the Deferred Fee in an amount calculated as being the lesser of:
(a) 15 per cent. of the amount of the Loan borrowed under the Facility Agreement; and
(b) 15 per cent. of the Reference Amount less the aggregate of any amounts previously paid by the Borrower as Prepayment Fees pursuant to the terms of the Facility Agreement during the Security Period.
Deferred Fee. If the term of this Agreement is not extended by IWO pursuant to Section 5(a) hereof and is not terminated by USU, IWO will pay USU a deferred fee of $1,500,000.00 at the end of the term of this Agreement. If the term of the Agreement is extended by IWO pursuant to Section 5(a) hereof and is not terminated by USU, IWO will pay USU a deferred fee of $500,000.00 at the end of the extended term. This deferred fee shall be in lieu of any early termination fee provided in Section 4(f), and in no event will USU receive both an early termination fee and a deferred fee.
Deferred Fee. Borrower acknowledges and agrees that, in connection with Borrower becoming a wholly owned Subsidiary of ConversionPoint Technologies, Inc. ("Parent"), Borrower owes an aggregate fee in the amount of $400,000 with respect to Section 1.6 of each of the warrants issued by Borrower in connection with this Agreement (the "Deferred Fee"), and Lenders have agreed to defer the payment thereon. Borrower shall pay the Deferred Fee on the earlier of (i) the date the Advances are repaid in full or become due and payable, (ii) any Change in Control, or (iii) the a sale, lease or other disposition of all or a material portion of the assets of Borrower or Parent.
5. Section 5.3 of the Agreement is amended and restated in its entirety to read as follows
Deferred Fee. In consideration of the Agent and Lenders entering into that certain Waiver and Tenth Amendment to Credit Agreement dated as of July 24, 2003 among Agent, Lenders, Borrowers and the other Loan Parties party thereto (the “Tenth Amendment”), and the waiver by the Agent and Lenders of the Existing Defaults (as defined therein), Borrowers shall pay to Agent, on the Fee Payment Date (as defined below), a non-refundable amendment fee (which shall be deemed to have been fully earned on the date of the Tenth Amendment) equal to one percent (1.00%) of the “Aggregate Commitment”, such amendment fee to be shared by the Lenders on the Fee Payment Date pro rata based on each such Lender’s respective share of the Aggregate Commitment. For purposes hereof, (i) “Fee Payment Date” shall mean the earlier to occur of (a) December 31, 2003 or (b) the date on which all or any portion of the Obligations are repaid in connection with a sale of any assets of any Loan Party or any event described in
Deferred Fee. Commencing upon the Occupancy Date and each month thereafter until January 1, 2000, PCI shall defer receipt of forty percent (40%) of the Base Monthly Fee (the "Deferred Fee"). Aviron will deposit and maintain the Deferred Fee (as the same may be increased from time to time) in an escrow account with a third party escrow reasonably acceptable to PCI holder until payment of such amount in accordance with this Section. Any interest accruing on the Deferred Fee shall belong to Aviron. The Deferred Fee shall be released to PCI as follows:
(i) The first installment of the Deferred Fee in an amount equal to one half the total amount of the Deferred Fee shall be released and paid to PCI January 1, 2000;
(ii) The balance of the Deferred Fee shall be released and paid to PCI September 1, 2000; provided, however, that in the event that production does not commence under the Production Agreement prior to December 31, 1999, the balance of the Deferred Fee shall be further deferred and shall instead be released and paid to PCI January 1, 2001. Notwithstanding the foregoing, in Aviron's sole discretion, Aviron may elect to prepay all or any part of the Deferred Fee prior to its becoming due and payable.
Deferred Fee on 8 November 2004 or on such earlier date (if any) on which (i) an Event of Default occurs or (ii) the Total Commitments are reduced to zero under or pursuant to this Agreement, for the account of the Banks (pro-rata to their Commitments in respect of the Revolving Credit Facility), a deferred fee in Sterling which shall accrue quarterly in arrears from the date of the execution of the Agreement in Principle and shall be calculated at 1.00% of the Sterling Amount of the average daily principal outstanding amount (including any Outstanding L/C Liability) under the Facilities during the two most recent quarters, together with interest on such deferred fee which shall accrue at 9.25% per annum on the amount of each quarterly accrual of the deferred fee; and
Deferred Fee. (a) The Borrowers shall pay to the Facility Agent a non-refundable deferred fee (for the account of the Lenders pro-rata to their Commitments);
44 (i) in respect of each of Tranche A, Tranche B and Tranche D, in an amount equal to 2 per cent. of the Commitments as at the date of this Agreement applicable to that Tranche and in each case on the relevant Payment Date;
Deferred Fee. Borrower and Guarantors acknowledge that the Loan Modification Fee described above is in addition to the Deferred Fee payable under Section 3.6 of the Loan Agreement, which remains outstanding. Borrower and Guarantors further acknowledge that under the Amended Warrant Documents, each of Lender and Citrus have the right to exercise separate warrant rights effective as of the date of the Amended Warrant Documents, notwithstanding anything in the Loan Agreement or the First Modification to the contrary. In the event Citrus exercises its warrant rights, the Deferred Fee shall be reduced to $168,475, and shall continue to be payable in accordance with Section 3.6 of the Loan Agreement, unless Lender also elects to exercise the warrant rights held by Lender under the Amended Warrant Documents. In the event Lender exercises its warrant rights, the Deferred Fee shall be reduced to $81,525, and shall continue to be payable in accordance with Section 3.6 of the Loan Agreement, unless Citrus also elects to exercise the warrant rights held by Citrus under the Amended Warrant Documents.