Common use of Fee for Services Clause in Contracts

Fee for Services. 5.1.1 BMO agrees to pay Carrier and its Affiliates, as applicable, a fee in accordance with the Pricing for each purchase of Gold Bullion by BMO and delivery to the applicable point of contact as determined by BMO during the Term, which Pricing will include both Pricing for the Gold Bullion purchased from Carrier and a separate fee for transportation of the Gold Bullion by Carrier's Affiliates, as required hereunder (each a “Fee” and collectively the “Fees”). 5.1.2 Except as otherwise expressly provided for in this Agreement or approved by BMO, (i) Carrier and its Affiliates, as applicable, shall not be entitled to any other compensation, reimbursement or payment for the Services under this Agreement, and (ii) the Fee shall be payable to Carrier and its Affiliates, as applicable, without deduction, abatement, or set off.

Appears in 4 contracts

Sources: Gold Carrier Agreement, Gold Carrier Agreement (Vaulted Gold Bullion Trust), Gold Carrier Agreement (Vaulted Gold Bullion Trust)