ESCORT FEE Sample Clauses

The ESCORT FEE clause defines the payment terms and conditions for fees charged by an escort or chaperone service. Typically, this clause specifies the amount to be paid, the timing of payment (such as upfront or upon completion of services), and any additional costs or expenses that may be incurred during the engagement. For example, it may clarify whether travel, accommodation, or meal expenses are included in the fee or billed separately. The core function of this clause is to ensure transparency and prevent disputes by clearly outlining the financial obligations related to escort services.
POPULAR SAMPLE Copied 30 times
ESCORT FEE. The Licensee agrees to pay Licensor for security escorted access to the non-exclusive areas consisting of the Building or Building Risers, outside of Ordinary Business Hours as defined in Schedule D hereto. The rate shall be $62.50 per hour plus a 15% administration fee (excluding HST). Outside of Ordinary Business Hours, there shall be a minimum charge of four (4.0) hours per occurrence. For greater clarity, in the example of the Licensee’s access to the exclusive use area in the Equipment Room, there shall be no security escort required, and thereby no fee payable to access the exclusive use area. The Licensor shall invoice the Licensee within thirty (30) days of the related security charges with payment due from the Licensor within thirty (30) days of receipt of Licensor’s invoice. The Licensee shall pay HST as applicable on the License Fee, Maintenance and Operations Fee, Drawing Review Fee and Escort Fee which HST shall be paid at the time the Fees are payable. The Licensor’s HST registration number is 70133 7677 RT0001. As agreed to by both the Licensor and the Licensee in advance, the Recoverable Costs are the costs of:
View SourceView Similar (3)
ESCORT FEE. To the extent that the Customer, or a Customer-selected vendor, requires access to Customer Equipment for the purpose of repair, maintenance or replacement, a fee of $125 per hour, with a 1 hour minimum, will be charged to Customer for providing access to such third party vendor into the Facilities ("Escort Fee"). The Escort Fee will not be charged to Customer for access to Customer Equipment that is required in connection with the installation or initial set-up (implementation period) of the Customer Equipment as outlined in Section 3.3 b i.
View Source

Related to ESCORT FEE

  • CONTRACT FEE An annual charge for administration expenses made on each contract anniversary prior to the Maturity Date.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Base Fee The Company shall pay to the Advisor a quarterly base fee (the “Base Fee”) payable in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to 0.70% per annum of the Total Market Capitalization of the Company, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, “Total Market Capitalization” shall be calculated on a quarterly basis as (i) the average of the volume-weighted average price per share of Ashford Prime’s common stock for each trading day of the preceding quarter multiplied by the average number of shares of Ashford Prime’s common stock outstanding during such quarter, on a fully-diluted basis (assuming all common units and long term incentive partnership units in the Operating Partnership which have achieved economic parity with common units in the Operating Partnership have been converted to common stock in the Company), plus (ii) the quarterly average of the aggregate principal amount of the Company’s consolidated indebtedness (including the Company’s proportionate share of debt of any entity that is not consolidated but excluding the Company’s joint venture partners’ proportionate share of consolidated debt), plus (iii) the quarterly average of the liquidation value of the Company’s outstanding preferred equity. The Minimum Base Fee for each quarter will be equal to the greater of (i) 90% of the Base Fee paid for the same quarter in the prior year and (ii) the G&A Ratio multiplied by the Company’s Total Market Capitalization. For purposes of this Agreement, the “G&A Ratio” will be calculated as the simple average of the ratios of total general and administrative expenses, less any non-cash expenses but including any dead deal costs, paid in the applicable quarter by each member of a select peer group set forth in Exhibit A (each, a “Peer Group Member” and collectively, the “Peer Group”), divided by the total enterprise value of such Peer Group Member (calculated in the same manner as the Company’s Total Market Capitalization). The G&A Ratio for each Peer Group Member will be calculated based on the financial information presented in such Peer Group Member’s Form 10-Q or 10-K periodic filings with the SEC following the end of each quarter. The Peer Group may be modified from time to time by mutual written agreement of the Advisor and a majority of the Independent Directors, negotiating in good faith. The Base Fee, as calculated above, shall be payable in arrears no later than the 15th day following the end of each quarter (i.e., one-fourth of 0.70% of the Total Market Capitalization of the Company). The Minimum Base Fee shall be calculated as soon as practicable following the end of the quarter, and to the extent the Minimum Base Fee exceeds the Base Fee paid to the Advisor with respect to any quarter, the Company will pay the Advisor the difference between Minimum Base Fee and the Base Fee within 5 business days of final calculation of the Minimum Base Fee. For purposes of payment of the Base Fee for a partial quarter relating to the first quarter in which this Agreement is effective or for the last quarter in which this Agreement is terminated, the Base Fee shall be calculated as 0.70% of the Total Market Capitalization of the Company, calculated using each trading day of such partial quarter prior to termination, multiplied by the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable. The Minimum Base Fee shall be similarly reduced proportionately based on the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable.

  • Annual Fee As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

  • Renewal Fee Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.