Common use of FEE PERCENTAGE Clause in Contracts

FEE PERCENTAGE. Of the Tuition Fees earned and received by NHI for the MTHE Program from students provided to NHI by Sonoma, NHI will subtract fifty percent (50%) to cover direct expenses and the remainder will be the Net Fees pursuant to Paragraph VI of the Agreement. Of the Net Fees, NHI shall pay Sonoma a Fee Percentage of twenty-five percent (25%) and NHI shall receive a Fee Percentage of seventy-five percent (75%).

FEE PERCENTAGE. Of the Tuition Fees tuition revenue earned and received by NHI for the MTHE Program from students provided to NHI by Sonoma, NHI will subtract fifty percent (50%) to cover direct expenses and the remainder will be the Net Fees pursuant to Paragraph VI of the Agreement. Of the Net Fees, NHI shall pay Sonoma a Fee Percentage of twenty-five percent (25%) and NHI shall receive a Fee Percentage of seventy-five percent (75%).