Payment of Merchant Fees Sample Clauses

Payment of Merchant Fees. Except as otherwise provided in this Agreement, Citi Commerce will deduct from any Settlement payable to Xxxx under Section 2.(b)(viii) any Merchant Fees that are payable in respect of the Net Card Sales remitted during the period for which Settlement is being made. Citi Commerce will provide Xxxx with the details of each Merchant Fees deduction in the form and within the time mutually agreed to by the Parties from time to time. If any Settlement payment to be made to Xxxx by Citi Commerce under Section 2.(b)(viii) is insufficient to cover the Merchant Fees payable by Xxxx to Citi Commerce under this Section 2.(b)(ix), the deficiency will constitute a debt of Xxxx to Citi Commerce that is due and payable on demand. Without restricting such other of its legal rights or remedies as may exist, Citi Commerce may, upon notice to Xxxx, offset such deficiency against future Settlement payments to be made by Citi Commerce to Xxxx under Section 2.(b)(viii) or, in its discretion (acting reasonably), demand payment of that debt. For each demand made by Citi Commerce hereunder, Xxxx will repay such debt to Citi Commerce within five (5) Business Days of the date such demand is made; provided, however, that once such demand is made Citi Commerce may not otherwise offset such debt against any future payments to Xxxx unless, contemporaneously with such deduction and offset, it immediately credits the invoice sent to Xxxx demanding such payment Neither Citi Commerce nor Xxxx will be liable to the other Party for any delays in receipt of funds or errors in account entries caused by a third party not specifically engaged as a Contractor by either of Citi Commerce or Xxxx to perform its obligations hereunder.
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Related to Payment of Merchant Fees

  • Service Fees In consideration of the performance of the Services by Custodian, each Fund shall pay Custodian in accordance with the fee arrangements set forth on Schedule I to this Loan Servicing Agreement (the “Service Fees”). Except for such sums as are payable upon the execution hereof, if any, Custodian shall send an invoice for the Service Fees to the applicable Fund within thirty (30) days after the end of each calendar quarter during the term hereof and such invoice shall be payable upon receipt.

  • Wire Fees The Transfer Agent may receive any fees then in effect as disclosed in the Fund’s Prospectus or which may be approved by the Trustees of the Trusts for executing a wire transfer of the proceeds of any wire redemption order placed by a shareholder.

  • The Calculation and Payment of the Service Fees 2.1 The fees payable by Party B to Party A during the term of this Agreement shall be calculated as follows:

  • Payment of Charges All amounts chargeable to Borrower under Section 6 hereof shall be Obligations secured by all of the Collateral, shall be payable on demand and shall bear interest from the date such advance was made until paid in full at the rate applicable to Revolving Credit Loans from time to time.

  • Upfront Fees The Borrower agrees to pay to the Agent for the benefit of the Lenders in immediately available funds on or before the Closing Date an upfront fee (the "Upfront Fee") in the amount provided in the Agent's Fee Letter.

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Franchise Fees Lessee will maintain in full force and effect, and pay or cause to be paid all fees and other charges payable pursuant to, any Franchise Agreement with respect to the Hotel.

  • Account Fees The Company, by resolution of the Board of Directors, including a majority of the Independent Directors, may from time to time authorize the imposition of a fee as a direct charge against shareholder accounts of any class of one or more of the Funds, such fee to be retained by the Company or to be paid to the Investment Manager to defray expenses which would otherwise be paid by the Investment Manager in accordance with the provisions of paragraph 4 of this Agreement. At least sixty days prior written notice of the intent to impose such fee must be given to the shareholders of the affected Fund or Fund class.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.

  • Interest Fees and Charges 3.1Interest

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