G&A Fee Clause Samples
G&A Fee. (a) In consideration of the G&A Services, the Company shall pay the Chesapeake Entities, on a monthly basis pursuant to the terms of Article III, an administrative fee (the “G&A Fee”) in an amount equal to the lesser of (i) the product of $0.0300 per Mcf (the “Volumetric Cap”), as adjusted pursuant to the terms of this Section 2.2, multiplied by an amount equal to the volume (measured in Mcf) of natural gas gathered, transported and/or processed by the Company Group (without double counting) in respect of which the Chesapeake Entities provide G&A Services in any given month, or (ii) the Chesapeake Entities’ actual time and materials spent in performing the G&A Services in any given month, determined in accordance with Exhibit B (the “G&A Services Time and Materials Fees”).
(b) Effective on the first day of the first calendar month following each anniversary of the Effective Date, the Volumetric Cap shall be increased by a percentage equal to one half of the percentage increase, if any, in the Consumer Price Index – All Urban Consumers, U.S. City Average, All Items, Not Seasonally Adjusted, over the previous twelve calendar months (which is currently published at ▇▇▇▇://▇▇▇▇.▇▇▇.▇▇▇/PDQ/▇▇▇▇▇▇▇.▇▇▇?survey=cu) (the “CP Index Adjustment”). Following the application of the CP Index Adjustment, the resulting new G&A Fee shall be rounded to the nearest 1/ 100th of a cent.
(c) If after the Effective Date any new Laws or accounting rules are enacted or implemented (or if the Company Group completes any acquisition of assets or businesses, constructs any new gathering system or transportation system the result of which submits the Company Group to new Laws or requires the implementation of new accounting rules), then the G&A Fee shall be appropriately increased in order to account for adjustments in the nature and extent of the general and administrative services provided by the Chesapeake Entities to the Company Group, with any such increase in the G&A Fee to be determined in good faith by and between the Chesapeake Entities and the Company Group. For the avoidance of doubt, (i) there shall be no increase in the G&A Fee in the event the Company Group completes any acquisition of assets or businesses, constructs any new gathering system or transportation system unless and until any of the foregoing submits the Company Group to new Laws or requires the implementation of new accounting rules, and (ii) changes to the gas gathering system that the Company Group makes p...
G&A Fee. This fee covers Seller’s costs for general and administrative efforts associated with various business issues including, but not limited to, purchasing, inspecting, providing warranty, inventorying, invoicing, storing, receiving, space, capitalizing, managing, and other overhead issues associated with the business relating to the items or issues to which the fee is applicable. This fee shall only be applied to costs incurred by Seller that are owed by Seller to third parties and are not included in the Price, but are otherwise covered by this Agreement and are being recharged to Buyer including, but not limited to, costs associated with Sections 8.2 - 8.4, and 8.8. The standard G&A fee shall be 25% of the amount to which to fee is applied.
G&A Fee. This fee covers Seller's costs for general and administrative efforts associated with various business issues including, but not limited to, purchasing, inspecting, providing warranty, inventorying, invoicing, storing, receiving, space, capitalizing, managing, and other overhead issues associated with the business relating to the items or issues to which the fee is applicable. This fee shall only be applied to costs incurred by Seller that are not included in the Price, but are otherwise covered by this Agreement and are being recharged to Buyer including, but not limited to, costs associated with Sections 3.8, 6.4.2, 6.4.3, and 6.