Periodic Fee Clause Samples
A Periodic Fee clause establishes the requirement for regular payments at specified intervals, such as monthly or annually, for ongoing services or access to certain resources. This clause typically outlines the amount to be paid, the frequency of payments, and any conditions for adjustment or late payment. By clearly defining the payment schedule and obligations, the clause ensures predictable revenue for the service provider and helps prevent disputes over payment timing or amounts.
Periodic Fee. The Sellers shall pay to Buyer in immediately available funds a non refundable fee due and owing upon closing and payable in arrears no later than the Price Differential Payment Date following the end of each calendar quarter, in the amount set forth in the fee schedule attached hereto as Annex II. Such payment shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at such account designated by Buyer. The Periodic Fee will be waived for any quarter in which any Affiliate of Buyer acts as sole lead underwriter for the securitization of the related Repurchase Asset. Upon any failure to enter into Transactions solely as a result of any of the events listed in Section 10(b)(8), no fee payable by the Sellers in accordance with this Section shall be due which is attributable to the period commencing on the date on which Buyer has ceased entering into Transactions hereunder up to but not including the earliest to occur of the Buyer (i) giving notice that the events in Section 10(b)(8) no longer exist and (ii) agreement or other evidence of agreement to enter into Transactions hereunder (including without limitation actually entering into Transactions hereunder) and (iii) the Termination Date.
Periodic Fee. The Periodic Fee is due no later than the first day of the month and is payable by automatic debit from your bank or credit card account. In order to remain financially viable, Practice reserves the right to change its fees at any time with 30 days’ notice to you. The Periodic Fee for your membership is identified in the table below.
Periodic Fee. The Borrowers agree to pay a fee equal to 0.0625% per annum of the Advance Limit, payable in arrears. It is provided, however, that during any period when the Advance Limit exceeds Fifteen Million Dollars ($15,000,000), the Borrowers agree to pay a fee, payable in arrears, equal to 0.0625% per annum of that portion of the Advance Limit up to and including Fifteen Million Dollars ($15,000,000) and 0.15% per annum of that portion of the Advance Limit that exceeds Fifteen Million Dollars ($15,000,000). This fee was paid on July 31, 1998, and is next due on October 31, 1998, and thereafter on December 31, 1998.
2.5 In Paragraph 7.2, the first sentence is amended to read in its entirety as follows: To maintain on a consolidated basis tangible net worth equal to at least the amount indicated as of the last day of each fiscal period specified below: Period Amount ------ ------ 2nd fiscal quarter of $157,000,000 1998 fiscal year 3rd fiscal quarter of $160,000,000 1998 fiscal year
Periodic Fee. The Borrowers agree to pay a fee in the amount of Forty Thousand and 00/100 Dollars ($40,000.00). This fee is due on the date of this Agreement, and on the same day of each following year until the expiration of the availability period.
Periodic Fee. The Borrowers agree to pay a fee equal to 1/16% per annum of the Advance Limit, payable in arrears. This fee is due on May 2, 1998, and on the last day of each following fiscal quarter until the expiration of the availability period.
Periodic Fee. (FACILITY NO.
1) The Borrowers agree to pay (i) a fee in the amount of Five Thousand Eight Hundred Thirty-Three and 33/100 Dollars ($5,833.33) payable on or before the date of this Amendment covering the period from January 1, 1997 through July 31, 1997; and (ii) a fee in the amount of Ten Thousand Dollars ($10,000) payable on August 1, 1997 covering the period from August 1, 1997 through July 31, 1998.
Periodic Fee. 58 36. Periodic Due Diligence Review...........................................58 37. Authorizations..........................................................59
Periodic Fee. Seller shall pay to Buyer in immediately available funds a non-refundable fee due and owing upon closing and payable in arrears no later than the Price Differential Payment Date following the end of each calendar quarter, in the amount set forth in the fee schedule attached hereto as Annex II. Such Periodic Fee will be waived if, during such calendar quarter, Buyer or any of Buyer's Affiliates is named as lead or co-lead underwriter on any of Sellers' securitizations or if Sellers sell at least $100,000,000 of residential mortgage loans (other than pursuant to this Agreement) to Buyer or Buyer's Affiliates. Such payment shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at such account designated by Buyer.