Fixed Facility Fee Sample Clauses
A Fixed Facility Fee clause establishes a predetermined, non-variable charge for the use of a specific facility or set of facilities over a defined period. This fee is typically agreed upon in advance and does not fluctuate based on the actual usage or occupancy levels, providing both parties with certainty regarding costs. By setting a fixed amount, the clause simplifies billing, aids in budgeting, and eliminates disputes over variable charges, ensuring financial predictability for both the facility provider and the user.
Fixed Facility Fee. In addition to paying the partial month interest, if any, Borrower shall pay monthly installments of the MBS Pass-Through Rate and the Fixed Facility Fee to Lender for each Fixed Advance from the applicable MBS Issue Date to its maturity date. The MBS Pass-Through Rate and the Fixed Facility Fee shall be payable in arrears, in accordance with the terms of the Fixed Facility Note. The first installment shall be payable on the first day of each calendar month, commencing on the first day of the second full calendar month of such MBS, to its maturity date. Each installment of the Fixed Facility Fee shall be in an amount equal to the product of (1) the Fixed Facility Fee, (2) the amount of the Fixed Advance, and (3) 1/12.
Fixed Facility Fee. In addition to paying the partial month interest, if any, Borrower shall pay monthly installments of the Pass-Through Rate and the Fixed Facility Fee to Lender for each Fixed Advance in accordance with the terms of the Fixed Facility Note. The Pass-Through Rate and the Fixed Facility Fee shall be payable in arrears, in accordance with the terms of the Fixed Facility Note. The first installment shall be payable on the first day of each calendar month, commencing on the first day of the second full calendar month following the making of a Fixed Advance, to its maturity date. Each installment of the Fixed Facility Fee shall be in an amount equal to the product of (1) the Fixed Facility Fee, (2) the Outstanding principal balance of the Fixed Advance, and (3) 1/12. The interest rate stated in each Fixed Facility Note includes both the Pass-Through Rate and the Fixed Facility Fee.
Fixed Facility Fee. In accordance with the procedures established in Section 8.6, Buyer shall pay to Seller for each Month during the Term, beginning with the Month in which the Startup occurs, a Fixed Facility Fee in the amount of (***). The Fixed Facility Fee for the Month in which Startup occurs shall be prorated in the event Startup occurs on a date other than the first day of such Month. Except as otherwise provided in Article 7, Buyer shall be obligated to pay the Fixed Facility Fee to Seller even if Buyer has no requirements for Carbon Monoxide, Blend Gas or Hydrogen.
Fixed Facility Fee. Following [redacted]and thereafter during the term of the Agreement, Customer shall pay a quarterly fixed facility fee of [redacted] for the duration of the Agreement ("Fixed Facility Fee").
Fixed Facility Fee. Following [***] and thereafter during the term of the Agreement, Customer shall pay a quarterly fixed facility fee of [***] for the duration of the Agreement. Lonza will issue the first quarterly invoice on [***]. For the avoidance of doubt, the Fixed Facility Fee is binding and cannot be cancelled.