Fees Defined Clause Samples
The "Fees Defined" clause establishes the specific types and amounts of fees that are applicable under the agreement. It typically outlines what constitutes a fee, such as service charges, administrative costs, or other payments required from one party to another, and may detail how and when these fees are calculated and paid. By clearly defining all relevant fees, this clause ensures transparency and helps prevent disputes over payment obligations during the course of the contract.
Fees Defined. As compensation for the Services to be performed by Management Company on behalf of Positive as set forth in Section 2 hereof, Positive agrees to pay to the Management Company fees composed of the sum of the following two components (collectively, the “Management Fees”), determined and paid as provided in this Section 4:
Fees Defined. All Transfer, Initiation, and Administrative Fees paid by Seller pursuant to this section are considered actual Seller fees and are not a Seller concession or contribution to the Buyer’s cost to close.
1 Buyer’s Signature 2 Seller’s Signature 00ff628 2 Buyer’s Signature 2024 Printing
Fees Defined. The Section Fee covers costs associated with administrative duties in association with managing instructors; and refers to each section of the course that is offered when there is more than one section being offered at a time. For example, when there is a second section of the course opened, the Section Fee applies. The Educational Fee covers costs associated with course instruction, i.e. tuition. The Materials Fee covers costs associated with student materials, i.e. books, access to any on-line materials, etc.
Fees Defined. As compensation for the Services to be performed by Management Company on behalf of Positive as set forth in Section 2 hereof, Positive agrees to pay to the Management Company fees composed of the sum of the following two components (collectively, the “Management Fees”), determined and paid as provided in this Section 4:
(i) Base Management Fee. A fee (the “Base Fee”) based upon a percentage of Positive’s gross written premiums, less return premiums, during the respective periods set forth in the following table. January 1, 2019 to December 31, 20192 Twelve percent (12%) The reduction in the Base Fee that is scheduled to begin January 1, 2020 is the “Base Fee Stepdown.” Notwithstanding the foregoing, if by December 31, 2019, Holdings has not closed upon the acquisition of one or more other insurance entities that become subject to this Agreement as provided in Section 12(b) below and that have total additional gross written premium of $10,000,000 on an annual basis, the Base Fee Stepdown will be deferred to begin on January 1, 2021 instead of January 1, 2020.