Reduction in Fees. In the event that the total of all costs and ----------------- expenses actually incurred by the Owner with respect to the acquisition of the Land and the planning, design, development, construction and completion of the Project, the Tenant Improvements for Lucent under the Lucent Lease (including costs in all categories or line items specified in the Development Budget, but expressly excluding costs for the specific line items marked with a double asterisk in the Development Budget, and net of amounts reimbursed to the Owner by Lucent with respect to Tenant Improvements for such tenant) shall exceed $4,952,853.00, the amount of the fees payable to the Manager under Sections 11.2 and 11.3 hereof shall be reduced by the amount of such excess, with any reductions to be applied to such fees in the following order of priority:
Reduction in Fees. 41.4.1 In the case of a termination of the Agreement in part, the charges payable under this Agreement shall be reduced to reflect the partial termination of the Agreement.
Reduction in Fees. In the event that either the Department and the Design- Builder are unable to agree upon a GMP or the GMP exceeds the Design-to-Budget established at the end of the Design Development phase, the Design-Builder shall forfeit fifty percent (50%) of the portion of the Base Design-Build Fee allocated to the Design and Preconstruction Phase.
Reduction in Fees. 1 Where a monthly report provided to QMS by the Contractor in terms of paragraph 2 of Part 1 (Contract Services) of the Schedule indicates that the Contractor has failed to meet one or more of the relevant Contract Targets in respect of the month to which the report relates and where the Contractor can, in QMS's reasonable opinion, offer no satisfactory justification for such failure then QMS shall at its discretion be entitled, subject to paragraph 2 of this Part 2 (Reduction in Fees) of the Schedule below, to deduct from the Fee payable to the Contractor for the relevant month the corresponding amount relating to the failure to meet the relevant Contract Targets such amount being deemed to be a reasonable estimate of any or all of the time, inconvenience, effort and/or expense caused to QMS in this regard. If the amount of the deduction exceeds the Fee payable to the Contractor for the relevant month, the excess shall be carried over and applied to subsequent monthly Fees until the deduction has been applied in its entirety.
Reduction in Fees. In the event that this Agreement is terminated (other than as a result of a termination pursuant to Section 10.1(b) or Section 10.1(e)) without the Sponsor Conversion having occurred, then without further action, any amounts otherwise payable by the Company or any of its Subsidiaries to or for the account of the Sponsor under any of the Loan Documents (as defined in the ABL Credit Agreement) shall be reduced (but not below zero) by $4,400,000 less the aggregate amount of fees paid by GRF and the Sponsor to GECC pursuant to the Loan Sale Agreement and related fee letter in connection with the Loan Purchase; provided, however, to the extent that such reduction amount upon such termination is less than the amount described above, the Sponsor shall immediately pay to the Company the amount of any such deficiency.
Reduction in Fees. 10 ARTICLE 6................................................................................................. 11 --------- 6.1 General Authority............................................................................. 11 6.2 Execution of Documents and Agreements......................................................... 12 ARTICLE 7................................................................................................. 12 --------- 7.1 Books of Account.............................................................................. 12 7.2
Reduction in Fees. 22.2.1. If at any time during this Call Off Contract Period the Supplier reduces the Fees in accordance with the terms of the Framework Agreement, the Supplier shall immediately reduce the Fees applicable under this Call Off Contract by the same amount and the reduced Fee shall take effect from the first Monthly Invoice due following the variation.
Reduction in Fees. If at any time during this Call Off Contract Period the Supplier reduces the Fees in accordance with the terms of the Framework Agreement, the Supplier shall immediately reduce the Fees applicable under this Call Off Contract by the same amount and the reduced Fee shall take effect from the first Monthly Invoice due following the variation. Customer Invoices, Payment and VAT Unless specified otherwise in the Order Form, the Supplier shall ensure that: it submits an electronic Monthly Invoice to the Customer on each Monthly Billing Date; each Monthly Invoice shows the following amounts: all Spend (inclusive of VAT) incurred in any Month prior to the Monthly Billing Date which remains unpaid; and all Fees which are due and payable. Fees shall be stated exclusive of VAT, which shall be added at the prevailing rate as applicable and paid by the Customer following delivery of a valid VAT invoice; and it provides sufficient information to the Customer, as may be described further in the Order form, to enable the Customer to reasonably assess whether the Call Off Contract Charges and other sums due from the Customer detailed in the information are properly payable, including copies of any receipts. All amounts shown on the relevant Monthly Invoice as being due to the Supplier from the Customer shall be paid in full within the number of days specified in the Order Form. If the Customer fails to pay any Call Off Contract Charges properly invoiced under this Call Off Contract, the Supplier shall have the right to charge interest on the overdue amount at the applicable rate under the Late Payment of Commercial Debts (Interest) Act 1998, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. All amounts shall be invoiced and paid in Sterling (unless otherwise specified in the Order Form). The Customer shall make payment of the Call Off Contract Charges to the Supplier by way of: BACS settlement; CHAPs; Direct debit; or such other method as may be agreed between the Parties from time to time.
Reduction in Fees. 20 5.5 Developer's Obligation for Overage................................................... 21
Reduction in Fees. If the Total Project Costs shall exceed the ----------------- Capitalized Rent Amount (as hereinafter defined), the amount of the fees payable to the Developer under Sections 11.2 through 11.4 hereof shall be reduced by the amount of such excess, with any reductions to be applied to such fees in the following order of priority:
