Expense Fee Sample Clauses
The Expense Fee clause defines the obligation of one party to reimburse or pay for specific costs incurred during the performance of a contract. Typically, this clause outlines which expenses are eligible for reimbursement, such as travel, materials, or third-party services, and may set limits or require pre-approval for certain costs. Its core function is to allocate financial responsibility for incidental or additional expenses, ensuring clarity and preventing disputes over who bears these costs.
Expense Fee. Licensee agrees to pay Licensor an expense fee of U.S. Dollars ($60,000), due and payable within 30 days after the Effective Date.
Expense Fee. 39 affiliate ..................................................................39 control ....................................................................39
Expense Fee. 32 fully diluted.......................................................... 38
Expense Fee. In the event this Agreement is terminated by SELLER pursuant to Section 12.6(c)(ii), or by BUYER pursuant to Section 12.6(d)(ii), and BUYER is otherwise not entitled to recover liquidated damages pursuant to Section 12.7(c), and;
(a) BUYER was not in breach of the Agreement at the time of termination; and
(b) SELLER does not sell substantially all of its assets or all of its stock to a third party within one-hundred forty (140) days after the 12.6(c)(ii) or 12.6(d)(ii) termination event, then SELLER shall promptly reimburse BUYER for reasonable out of pocket expenses as approved by the Bankruptcy Court as incurred by BUYER in connection with its good faith actions in furtherance of performance pursuant to this Agreement, including without limitation the due diligence of BUYER with respect to the Properties; up to, but not to exceed $500,000 (herein the "EXPENSE FEE").
Expense Fee. Each of the parties shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others engaged by such party) in connection with this Agreement and the transactions contemplated hereby, except that the Company shall pay a Due Diligence Expense Fee of Ten Thousand Dollars ($10,000) in cash, $5,000 of which has been previously paid to Investor and $5,000 of which will be paid from the first Advance hereunder.
Expense Fee. As a condition of Northfield's willingness to, and in order to induce Northfield to, enter into this Agreement, and to reimburse Northfield for incurring the costs and expenses related to entering into this Agreement and consummating the transactions contemplated by this Agreement, if Northfield has terminated this Agreement pursuant to Section 7.01(c) or Liberty has terminated this Agreement pursuant to Section 7.01(d) Liberty will make an aggregate cash payment to Northfield equal to $1,750,000 (the "Expense Fee"), and upon payment of the Expense Fee Liberty shall have no further liability to Northfield. Any payment required under this Section 7.02(b) shall be paid by Liberty to Northfield (by wire transfer of immediately available funds to an account designated by Northfield) within five business days after written demand by Northfield. Liberty MHC, Liberty Bancorp and Liberty Bank, and any other Affiliate of any of them, shall be jointly and severally liable for any payment required to be made by Liberty to Northfield pursuant to this Section 7.02(b).
Expense Fee. Upon closing of the Transaction, you agree to promptly pay PCA a nonrefundable expense fee in the amount of $100,000.
Expense Fee. This Fourth Amendment will not become a legally binding and enforceable obligation of Seller unless and until the Expense Fee is received by Seller.