Fee Credit Clause Samples

A Fee Credit clause establishes a mechanism for providing financial credits to a party, typically as compensation for service failures or unmet performance standards. In practice, if a service provider does not meet agreed-upon benchmarks—such as uptime guarantees or response times—the client may receive a credit against future fees or invoices. This clause ensures that clients are compensated for subpar service without requiring direct refunds, thereby incentivizing the provider to maintain high performance and offering a clear remedy for service deficiencies.
Fee Credit. Within 15 days of the end of each month in which this Agreement is in effect, the Advisor shall credit an amount of $166,667 against all earned but unpaid fees owed to the Advisor under this Agreement, which amount represents a reduction in the monthly fees earned by the Advisor pursuant to this Paragraph 8 during the term of this Agreement. Notwithstanding the foregoing, if this Agreement is in effect for less than a full month, the amount credited to the Company shall be prorated to account for the percentage of the month in which this Agreement was in effect.
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Fee Credit. Subject to the provisions of Section 10 hereof, the Advisor and any of its affiliates may advise other owners or prospective owners of assets in the Healthcare Sector (“Third Party Owners”) and earn fees for such efforts. In the event that a Third Party Owner contracts with the Advisor for the provision of advisory services the Advisor agrees to reduce the amount of fees charged to the Company, including Acquisition Fees, Financing Coordination Fees, Asset Management Fees, Property Management and Leasing Fees and Disposition Fees, as follows: (A) if the contractual fees to be paid by such Third Party Owners to the Advisor are, on a percentage basis, greater than or equal to 90% of the corresponding or analogous fees charged by the Advisor to the Company, the Advisor shall reduce the amount of fees charged to the Company under this Agreement by a dollar amount equal to 50% of the corresponding or analogous fees actually paid to the Advisor or its affiliates by such Third Party Owners; and (B) if the contractual fees to be paid by such Third Party Owners to the Advisor are, on a percentage basis, less than 90% of the corresponding or analogous fees charged by the Advisor to the Company, the Advisor shall reduce the amount of fees charged to the Company under this Agreement by a dollar amount equal to 25% of the corresponding or analogous fees actually paid to the Advisor or its affiliates by such Third Party Owners. On a quarterly basis, the Advisor shall provide to the Board of Directors with a summary of all fees charged to such Third Party Owners and shall reduce the amounts of the fees charged to the Company hereunder accordingly.
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Fee Credit. Producer shall be entitled to a fee credit for each Dth of Dedicated Gas for which Services are provided under this Agreement and which is delivered for transportation under the FTS Agreements. For each FTS Credit Delivery Point set forth on Exhibit C, Producer shall receive a credit, to be set forth on the invoice delivered pursuant to Section 13.1, equal to the amount of fees actually paid (including any reservation fees, overrun fees or other amounts paid) under the FTS Agreements for transportation services afforded to the Dedicated Gas (as defined herein), and only the Dedicated Gas delivered to such FTS Credit Delivery Point pursuant to this Agreement.
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Fee Credit. Within 15 days of the end of each month in which this Agreement is in effect, ▇▇▇▇▇ REF shall credit an amount of $166,667 against all earned but unpaid fees owed to ▇▇▇▇▇ REF under this Agreement, which amount represents a reduction in the monthly fees earned by ▇▇▇▇▇ REF pursuant to this Paragraph 4 during the term of this Agreement. Notwithstanding the foregoing, if this Agreement is in effect for less than a full month, the amount credited to the Company shall be prorated to account for the percentage of the month in which this Agreement was in effect.
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Fee Credit. The fees will have a $100,000 annual credit applied to the total fees, which will be applied to the monthly invoice at a rate of $8,333.33. This will be applied for the duration of the Two-Year Term (as defined in the attached Amendment).
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Fee Credit. During this AGREEMENT, ALLIANT shall disclose in writing any COMMISSIONS received by ALLIANT in connection with any insurance placements on behalf of VCTC (“VCTC PLACEMENTS”). The FEE for the operative PROGRAM year shall be reduced by the amount of any COMMISSIONS received by ALLIANT for VCTCPLACEMENTS made during that year. In the event such COMMISSIONS, plus FEES pre-paid by VCTC exceed the total FEE for the PROGRAM year, ALLIANT shall reimburse VCTC for the excess payment it made. Alternatively, at the VCTC’S request, any excess FEE paid by VCTC during a PROGRAM year may be carried forward and applied against any future FEE due to ALLIANT by VCTC during any subsequent periods that this AGREEMENT is in effect.
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Fee Credit. If the permanent employee leaves or is terminated (other than a bona fide reduction in force due to prevailing business conditions, i.e., “layoffs”) within the first 90 days from the start of employment, FYI Dental Staffing shall credit a percentage of the fee paid by Client with respect to the placement of such employee toward a future placement in accordance with the schedule set forth below, and the recruitment process will be reactivated for a replacement candidate; provided, that if the permanent employee is hired after having worked for Client as a temporary employee and thereafter leaves or is terminated ( other than a layoff), Client shall not be entitled to any credit
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Fee Credit. The Developer shall be entitled to the Transit Area Impact Fee credit shown on Exhibit B. The City acknowledges that Developer is a party to an agreement (“Cost Sharing Agreement”) pursuant to which specific, named benefitting property owners (“Other Benefitting Landowners”) will share in the cost of the Sewer 11A and 11B Improvements. Notwithstanding the foregoing, the Developer acknowledges that no provision of this Agreement shall constitute an allocation, freezing or setting of impact fees owed by any Other Benefitting Landowner under the development agreement provisions of Government Code section 65864 et seq. or the Mitigation Fee Act provisions of Government Code section 66000 et seq. The Other Benefitting Landowners shall receive Fee Credits as set forth in Exhibit B attached hereto, such that those benefitting projects shall receive a Fee Credit against Transit Area Impact fees imposed on their projects at the time of building permit. The City makes no representation that the credits assigned to specific properties constitute a proportional or fair allocation of Sewer 11A and 11B Improvement costs attributable to the developments contemplated by the Other Benefitting Landowners. Transit Area Impact fees may be increased at any time by the City, in accordance with applicable state law. All credits assigned under this Agreement shall be limited to a ten (10) year life span and may not be conveyed or transferred to parcels other than those listed in Exhibit B, unless approved or extended by the City at its sole discretion. All credits shall run with the land and may be used by successor property owners within the time limitations and other restrictions set forth herein. Notwithstanding anything to the contrary herein, in the event the sewer infrastructure component of the Transit Area Impact fee increases, based on City’s obligation to update the fee pursuant to Section 1 herein or otherwise, Developer and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall receive Fee Credits and/or construction in-lieu credits, on a dollar for dollar basis, against the sewer infrastructure component of the Transit Area Impact fee for the increased costs of Sewer 11A and 11B Improvements based on such parties providing for the funding and construction of Sewer 11A and 11B Improvements. The Fee Credit and/or construction in-lieu credit amount shall be adjusted in the same amount as any increase in the Transit Area Impact fee for the increased costs of Sewer 11A and 11B Improvements. City acknowle...
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Related to Fee Credit

  • Facility Fee The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, a facility fee (the “Facility Fee”) equal to the Applicable Rate times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.17. The Facility Fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Facility Fees (i) The Borrower shall pay to the Administrative Agent for the account of each Tranche 1 Lender in accordance with its Applicable Tranche 1 Percentage, a ticking fee (the “Tranche 1 Ticking Fee”) equal to the Applicable Rate times the actual daily outstanding principal amount of the Aggregate Tranche 1 Commitments subject to adjustment as provided in Section 2.17. The Tranche 1 Ticking Fee shall accrue commencing on August 15, 2021 to the end of the Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Effective Date, and on the last day of the Availability Period. The Tranche 1 Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. (ii) The Borrower shall pay to the Administrative Agent for the account of each Tranche 2 Lender in accordance with its Applicable Tranche 2 Percentage, a ticking fee (the “Tranche 2 Ticking Fee”) equal to the Applicable Rate times the actual daily outstanding principal amount of the Aggregate Tranche 2 Commitments subject to adjustment as provided in Section 2.17. The Tranche 2 Ticking Fee shall accrue commencing on August 15, 2021 to the end of the Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Effective Date, and on the last day of the Availability Period. The Tranche 2 Ticking Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • The Credit Facility 2.1 The Revolving Credit Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Borrower (each such loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with the principal amount of Term Loans outstanding in favor of such Lender at such time, the amount set forth next to such Lender’s name on Schedule 1 (such amount together with the Lender’s Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.10 or as a result of one or more assignments under Section 10.8, the Lender’s “Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans shall not at any time exceed the combined Commitments; and provided further that the Effective Amount of the Revolving Loans, together with all Term Loans outstanding at such time, of any Lender shall not at any time exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 3.3 and reborrow under this Section 2.1.

  • Revolving Facility (a) As of the Effective Date, the aggregate outstanding principal amount of the Existing Revolving Loans, other than, for the avoidance of doubt, any “Swing Line Loans” (under and as defined in the Existing Credit Agreement) is set forth on Schedule 2.1. 1. The Existing Revolving Loans are held by the Existing Lenders in the amounts set forth on Schedule 2.1. 1. Subject to the terms of this Agreement and in reliance on the representations and warranties of the Borrowers herein, each of the parties hereto hereby agrees that (A) the Existing Revolving Loans shall be, from and following the Effective Date, continued and outstanding as the Revolving Loans under this Agreement, (B) concurrently therewith, the Extending Lenders shall have assigned their Existing Revolving Loans and Existing Commitments among themselves and to the New Lenders and hereby direct the Administrative Agent to re-allocate all Existing Revolving Loans and Existing Commitments and require the extension of new Revolving Loans, such that, after giving effect to the transactions contemplated hereby the Revolving Loans and Commitments (prior to giving effect to any Advances to be made on the Effective Date) shall be allocated among the Lenders as set forth in Schedule 2.1.1, (C) all “Swing Line Loans” (under and as defined in the Existing Credit Agreement) and “Letters of Credit” (under and as defined in the Existing Credit Agreement) outstanding and issued under the Existing Credit Agreement immediately prior to the Effective Date shall continue to be outstanding and issued under this Agreement, and (D) on and after the Effective Date the terms of this Agreement shall govern the rights and obligations of the Borrowers, the other Loan Parties, the Lenders, the Swing Line Lender, the LC Issuers and the Administrative Agent with respect thereto. (b) From and including the Effective Date and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrowers in Agreed Currencies, participate in Facility LCs issued in Agreed Currencies, and participate in Facility LCs issued in Discretionary Currencies at the discretion of an LC Issuer, in each case upon the request of the Borrowers; provided, that (i) after giving effect to the making of each such Revolving Loan and the issuance of each such Facility LC, the Dollar Amount of each Lender’s Outstanding Revolving Credit Exposure shall not exceed its Revolving Commitment, and (ii) all Base Rate Loans shall be made in Dollars. Subject to the terms of this Agreement, each Borrower may borrow, repay and reborrow the Revolving Loans at any time prior to the Facility Termination Date; provided, that a Foreign Borrower may only borrow in its respective Designated Currencies. The Revolving Commitments shall expire on the Facility Termination Date. The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19.