Fee Rebates Clause Samples

A Fee Rebates clause defines the conditions under which a party is entitled to receive a partial return of fees previously paid. Typically, this clause applies when certain performance targets are not met, services are not fully delivered, or the agreement is terminated early, resulting in the client receiving a proportionate refund of fees. Its core practical function is to ensure fairness by aligning payment with actual performance or service delivery, thereby protecting the paying party from overpaying for incomplete or unsatisfactory services.
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Fee Rebates. As an inducement to Client to sell only the Accounts from which Riviera can expect prompt payment in full directly from Customer, Riviera agrees to return monthly to Client, when said Account(s) is/are paid in full by Customer, the amount of Fee Deposit in excess of the Factoring Fee in the form of a Fee Rebate. Any such rebate to Client may be retained by Riviera at Riviera’s sole discretion as further security for payment of any and all obligations and indebtedness owing by Client. In the event of a default by Client for any reason, no rebate shall be due or payable to Client.
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Fee Rebates. (a) With respect of each calendar quarter beginning on January 1, 2020 and ending December 31, 2023, Gatherer shall pay Shipper a rebate (as calculated below) (each, a “Fee Rebate”) on the Gathering Fees for the applicable quarter. Any Fee Rebate shall be included in the invoice delivered by Gatherer for the last month of each such calendar quarter and credited against amounts owed by Shipper to Gatherer for the Gathering Fees in the last month of such calendar quarter. If the Fee Rebate is more than the amounts owed by Shipper to Gatherer for the Gathering Fees in the last month of the applicable quarter, then the excess Fee Rebate shall roll over and be credited against amounts owed by Shipper to Gatherer for the Gathering Fees in the next subsequent month(s) until such Fee Rebate credit is fully utilized. (b) If the Average Quarterly Receipt Point Volumes for the first calendar quarter of 2020 are equal to or greater than 2,700 MMcf, then the Fee Rebate for such calendar quarter shall equal Twelve Million Dollars ($12,000,000). If the Average Quarterly Receipt Point Volumes for the first calendar quarter of 2020 are less than 2,700 MMcf, then the Fee Rebate for such calendar quarter shall equal Zero Dollars ($0). (c) If the Average Quarterly Receipt Point Volumes for the second calendar quarter of 2020 are equal to or greater than 2,700 MMcf, then the Fee Rebate for such calendar quarter shall equal Twelve Million Dollars ($12,000,000). If the Average Quarterly Receipt Point Volumes for the second calendar quarter of 2020 are less than 2,700 MMcf, then the Fee Rebate for such calendar quarter shall equal Zero Dollars ($0). (d) If the Average Quarterly Receipt Point Volumes for the third calendar quarter of 2020 are equal to or greater than 2,800 MMcf, then the Fee Rebate for such calendar quarter shall equal Twelve Million Dollars ($12,000,000). If the Average Quarterly Receipt Point Volumes for the third calendar quarter of 2020 are less than 2,800 MMcf, then the Fee Rebate for such calendar quarter shall equal Zero Dollars ($0). (e) If the Average Quarterly Receipt Point Volumes for the fourth calendar quarter of 2020 are equal to or greater than 2,900 MMcf, then the Fee Rebate for such calendar quarter shall equal Twelve Million Dollars ($12,000,000). If the Average Quarterly Receipt Point Volumes for the fourth calendar quarter of 2020 are less than 2,900 MMcf, then the Fee Rebate for such calendar quarter shall equal Zero Dollars ($0). (f) For each...
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Fee Rebates. Notwithstanding Section 5(A) or 5(B) of this Agreement, SAVE Advisers agrees to rebate 100% of the wrap fee for any Wrap Fee Program to the Client in accordance with the following parameters: • For the CD Wrap Program, if at the scheduled maturity of a given related strategy-linked security, deduction of the wrap fee (whether or not previously paid) in respect thereof for that program (as that term is in the Brochure), would reduce the maturity proceeds of that program below the Client’s initial investment in that program. This rebate feature means that for each program (as that term is in the Brochure) under the CD Wrap Program, SAVE Advisers takes a fee only if you receive a positive net performance from that program. • For the Debit Invest Wrap Program, if at the scheduled maturity of a given strategy-linked security deduction of the wrap fee (whether or not previously paid) for that strategy-linked security would yield a return of zero. This rebate feature means that for each strategy- linked security credited under the Debit Invest Wrap Program, SAVE Advisers charges a fee only if you receive positive net performance from that strategy-linked security. Client acknowledges the following in respect of the fee rebate program: (1) Client is automatically enrolled in the SAVE Advisers fee rebate program; (2) SAVE Advisers may discontinue the fee rebate program for the Client at any time, provided that, the fee rebate program may not be discontinued for any strategy-linked security in the Account and not yet matured as of the date of determination of the discontinuation of the fee rebate program; and (3) the fee rebate program will not apply to the extent that the Account is terminated by Client or a given strategy-linked security is sold by Client prior to its scheduled maturity.
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Fee Rebates. To the extent that any mutual funds or other investments held by the account pay or offer to pay any compensation to us, including but not limited to 12b-1 fees, dis- tribution, transfer and sub-transfer agent fees, or shareholder servicing fees with respect to the Account and receipt of such compensation by us or our affiliates would constitute an ERISA prohibited transaction and does not qualify for a prohibited transaction exemption, then such compensation and payments shall be rebated to the Plan through the account or shall be used to off-set, dollar-for-dollar, other fees payable by the Plan. All such credits or off-sets will be appropriately documented with copies periodically provided to you.
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Related to Fee Rebates

  • Rebates Premium rebates given by the Employment Insurance Commission shall be paid directly to the employees by the Employer.

  • VENDOR MANAGEMENT FEE Contractor shall pay to Enterprise Services a vendor management fee (“VMF”) of 1.25 percent on the purchase price for all Contract sales (the purchase price is the total invoice price less applicable sales tax). (a) The sum owed by Contractor to Enterprise Services as a result of the VMF is calculated as follows: Amount owed to Enterprise Services = Total Contract sales invoiced (not including sales tax) x .0125. (b) The VMF must be rolled into Contractor’s current pricing. The VMF must not be shown as a separate line item on any invoice unless specifically requested and approved by Enterprise Services. (c) Enterprise Services will invoice Contractor quarterly based on Contract sales reported by Contractor. Contractor is not to remit payment until Contractor receives an invoice from Enterprise Services. Contractor’s VMF payment to Enterprise Services must reference this Contract number, the year and quarter for which the VMF is being remitted, and Contractor’s name as set forth in this Contract, if not already included on the face of the check. (d) Contractor’s failure to report accurate total net Contract sales, to submit a timely Contract sales report, or to remit timely payment of the VMF to Enterprise Services, may be cause for Enterprise Services to suspend Contractor or terminate this Contract or exercise remedies provided by law. Without limiting any other available remedies, the parties agree that Contractor’s failure to remit to Enterprise Services timely payment of the VMF shall obligate Contractor to pay to Enterprise Services, to offset the administrative and transaction costs incurred by the State to identify, process, and collect such sums, the sum of $200.00 or twenty-five percent (25%) of the outstanding amount, whichever is greater, or the maximum allowed by law, if less. (e) Enterprise Services reserves the right, upon thirty (30) calendar days advance written notice, to increase, reduce, or eliminate the VMF for subsequent purchases, and reserves the right to renegotiate Contract pricing with Contractor when any subsequent adjustment of the VMF might justify a change in pricing.

  • Administrative Support Services Fees Within forty-five (45) days of the end of each calendar quarter or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.25% on an annual basis of the average during the period of the aggregate net asset value of the Shares computed as of the close of each business day (the “Service Fee”). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Contractor Sales Reporting Vendor Management Fee Contractor Reports Contract Sales Reporting. Contractor shall report total Contract sales quarterly for this Cooperative Purchasing Agreement to Enterprise Services, as set forth below. Contract Sales Reporting System. Contractor shall report quarterly Contract sales in Enterprise Services’ Contract Sales Reporting System. Enterprise Services shall provide Contractor with a login password and a vendor number. The password and vendor number shall be provided to the Sales Reporting Representative(s) listed on Contractor’s Bidder Profile. Data. Each sales report must identify every authorized Purchaser by name as it is known to Enterprise Services and its total combined sales amount invoiced during the reporting period (i.e., sales of an entire agency or political subdivision, not its individual subsections). The “Miscellaneous” option may be used only with prior approval by Enterprise Services. Upon request, Contractor shall provide contact information for all authorized Purchasers specified herein during the term of the Contract. If there are no Contract sales during the reporting period, Contractor must report zero sales. Due dates for Contract Sales Reporting. Quarterly Contract Sales Reports must be submitted electronically by the following deadlines for all Contract sales invoiced during the applicable calendar quarter: Vendor Management Fee. Contractor shall pay to Enterprise Services a vendor management fee (“VMF”) of 1.25 percent on the purchase price for all Cooperative Purchasing Agreement sales (the purchase price is the total invoice price less applicable sales tax) under this Cooperative Purchasing Agreement. The sum owed by Contractor to Enterprise Services as a result of the VMF is calculated as follows: Amount owed to Enterprise Services = Total Contract sales invoiced (not including sales tax) x .0125. The VMF must be rolled into Contractor’s current pricing. The VMF must not be shown as a separate line item on any invoice unless specifically requested and approved by Enterprise Services. Enterprise Services shall invoice Contractor quarterly based on Contract sales reported by Contractor. Contractor is not to remit payment until Contractor receives an invoice from Enterprise Services. Payments must be received within thirty (30) calendar days of the invoice issue date from Enterprise Services. Contractor’s VMF payment to Enterprise Services must reference the invoice number. Contractor’s VMF payment to Enterprise Services must reference this Contract number, the year and quarter for which the VMF is being remitted, and Contractor’s name as set forth in this Contract, if not already included on the face of the check. Contractor’s failure to report accurate total net Contract sales, to submit a timely Contract sales report, or to remit timely payment of the VMF to Enterprise Services, shall be cause for Enterprise Services, at its discretion, to suspend Contractor or terminate this Contract or exercise remedies provided by law. Without limiting any other available remedies, the parties agree that Contractor’s failure to remit to Enterprise Services timely payment of the VMF shall obligate Contractor to pay to Enterprise Services, to offset the administrative and transaction costs incurred by the State to identify, process, and collect such sums, the sum of $200.00 or twenty-five percent (25%) of the outstanding amount, whichever is greater, or the maximum allowed by law, if less. Enterprise Services reserves the right, upon thirty (30) calendar days advance written notice, to increase, reduce, or eliminate the VMF for subsequent purchases, and reserves the right to renegotiate Contract pricing with Contractor when any subsequent adjustment of the VMF might justify a change in pricing. Annual Contract Sales Report. Contractor shall provide to Enterprise Services a detailed annual Contract sales report. Such report shall include, at a minimum, the following: The Goods and/or Services sold and provided (including, as applicable, category or another identifier); Services purchased by Purchaser; and Contract price. This report must be provided in an electronic format that can be read by Microsoft (MS) Excel. Such report is due within thirty (30) calendar days of the annual anniversary of the effective date of this Contract.

  • Processing Fees The Borrower acknowledges that processing fee as mentioned in the Schedule hereto has been paid by the Borrower.