EXPENSE RETAINER Sample Clauses

EXPENSE RETAINER. Oregon Trail Ethanol Coalition shall advance a non-refundable retainer of $100,000 US (the "Retainer") to the attention of the undersigned of GreenWay Consulting, LLC. Expenses under Section 3 hereof will be applied against the Retainer. Oregon Trail Ethanol Coalition will be obligated to pay for expenses incurred by GreenWay under Section 3 that exceed the Retainer, however, it is understood that payment in excess of the Retainer is not owed and will not be made until Oregon Trail Ethanol Coalition completes Equity Capital (as defined below) funding. After the Retainer is received, GreenWay shall not receive any additional compensation, other than monthly expenses that exceed the Retainer as provided under Section 3, until Financial Close (as defined below). The unused portion of the Retainer, if any, at Financial Close will be offset against the fees due for Phase I scheduled below. (i) Oregon Trail Ethanol Coalition is undertaking a project in its development stage and will have limited resources to pay GreenWay for the Services until such time as Oregon Trail Ethanol Coalition obtains financing through third-party sources and (ii) the amount of financing that Oregon Trail Ethanol Coalition obtains through third-party sources will be attributable, in part, to GreenWay's efforts in assisting Oregon Trail Ethanol Coalition to successfully construct and operate the ethanol processing facility, Oregon Trail Ethanol Coalition shall pay GreenWay a fee for the Services in accordance with Schedule 1 set forth below. SCHEDULE 1 - COMPENSATION FOR SERVICES ------------------------------------------------------------------------------------------------------ SERVICE FEE SOURCE OF FUNDS PAYMENT TERMS ------------------------------------------------------------------------------------------------------ PHASE I 1.92% of Total Project PROJECT FINANCING (AS DUE IN FULL @ FINANCIAL CLOSE Capitalization DEFINED BELOW) ------------------------------------------------------------------------------------------------------ PHASE II 1% of Total Project PROJECT FINANCING 25% DOWN @ FINANCIAL CLOSE - Capitalization 50% @ MECHANICAL COMPLETION (AS DEFINED BELOW) - 25% @ SUCCESSFUL COMMISSIONING (AS DEFINED BELOW) ------------------------------------------------------------------------------------------------------ PHASE III 0.75% of Total Project WORKING CAPITAL (AS PRORATED OVER 9 MONTHS AFTER Capitalization DEFINED BELOW) SUCCESSFUL COMMISSIONING ------------------------------...
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EXPENSE RETAINER. Illinois River Energy has advanced a non-refundable retainer of $110,000 US (the "Retainer") to the attention of the undersigned of GreenWay Consulting, LLC. Expenses under Section 3 hereof will be applied against the Retainer. Illinois River Energy will be obligated to pay for expenses incurred by GreenWay under Section 3 that exceed the Retainer, however, it is understood that payment will not be made until Illinois River Energy completes Seed Capital (as defined below) funding. After the Retainer is received, GreenWay shall not receive any additional compensation, other than monthly expenses that exceed the Retainer as provided under Section 3, until Financial Close (as defined below). The unused portion of the Retainer, if any, at Financial Close will be offset against the fees due for Phase I scheduled below. Because (i) Illinois River Energy is undertaking a project in its development stage and will have limited resources to pay GreenWay for the Services until such time as Illinois River Energy obtains financing through third-party sources and (ii) the amount of financing that Illinois River Energy obtains through third-party sources will be attributable, in part, to GreenWay's efforts in assisting Illinois River Energy to successfully construct and operate the ethanol processing facility, Illinois River Energy shall pay GreenWay a fee for the Services in accordance with Schedule 1 set forth below. SCHEDULE 1 - COMPENSATION FOR SERVICES In no case ▇▇▇▇ ▇▇▇▇▇▇▇▇ share or split the fees delineated above with any other party currently assisting Illinois River Energy in other endeavors. However, GreenWay may, at its sole discretion, choose to engage other companies (other than as identified in Section 1) to perform the Services and may choose to share a portion of its fees for the Services under this Agreement provided by those other companies. The following definitions apply to this section: (1) FINANCIAL CLOSE: Closing of senior debt financing for the project. (2) MECHANICAL COMPLETION: Completion of construction such that corn can be ground for ethanol production.
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Related to EXPENSE RETAINER

  • ALPS Compensation; Expenses (a) In consideration for the services to be performed hereunder by ALPS, the Trust on behalf of the Fund shall pay ALPS the fees listed in Appendix C hereto. Notwithstanding anything to the contrary in this Agreement, fees billed for the services to be performed by ALPS under this Agreement are based on information provided by the Fund’s investment adviser and such fees are subject to renegotiation between the parties hereto to the extent such information is determined to be materially different from what the Fund’s investment adviser originally provided to ALPS. During each year of the term of this Agreement, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent with those provided in the previous year of this Agreement, the fee that would be charged for the same services would be the base fee rate (as reflected in Appendix C) subject to an annual cost of living adjustment based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, for the Denver-Boulder-Greeley area, as published bimonthly by the United States Department of Labor, Bureau of Labor Statistics, or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to all parties. (b) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and offering expenses; litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; transfer agency and custodial expenses; interest; Trust trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Trust’s trustees; printing and mailing of shareholder reports, prospectuses, statements of additional information other offering documents, supplements, proxy materials and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

  • Retainer 1.1.1. County does hereby retain A-E to perform the Projects/Services as required by this Contract. 1.1.2. A-E has offered, and County has accepted, the professional services of ▇▇▇▇▇ ▇▇▇▇▇, P.E., and A-E shall assign him/her to the Projects/Services. 1.1.3. A-E may employ special consultants/contractors for the accomplishment of the Projects/Services specified; and only the firms or independent consultants/contractors identified in Attachment C may be employed by A-E to provide these Projects/Services. 1.1.4. Consultants/contractors may be substituted and/or added by mutual Contract of A-E and the Director, County of Orange, OC Public Works or his designee, hereinafter referred to as 1.1.5. A-E's employment of independent consultants/contractors shall not relieve A-E from the performance of its own responsibilities pursuant to this Contract. However, all consultants/contractors independently contracting with County shall be independently liable to County for the performance of the work pursuant to their agreements, and A-E shall have no liability for work by contractors independently contracting with County.

  • Annual Fees The annual rental fee of a standard individual 12 x 14 plot is $40 per plot. Please note this rental fee is non-refundable and must be paid at the time of application. This fee is used to offset expenses associated with the Garden. Please make checks payable to ▇▇▇▇▇▇ Township Recreation.

  • Expenses and Compensation Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.45% of the average daily net assets of the Account.

  • Retainer Fee This Agreement shall have ☐ no retainer fee ☐ a non-refundable retainer fee in the amount of $_ to obtain the Agency’s services under this Agreement (“Retainer Fee”). If a Commission is paid the Retainer Fee shall be deducted from the total Commission amount. The Commission is due and payable at closing by the Buyer. The amount or rate of real estate commissions is not fixed by law. The commission is set by each Broker individually and may be negotiable between the Buyer and the Broker.