Common use of The Fee Clause in Contracts

The Fee. 2.1 In consideration for Consultant’s provision of services to Sponsor pursuant to this Agreement, Sponsor shall pay to Consultant a fee (The “Fee) of one percent (1%) of the total principal loan amount funded by Investor in a Transaction for loans less than $5,000,000 (Five Million US Dollars) and three-quarters of one percent (.75%) of the total principal loan amount funded by Investor in a Transaction for loans equal to or greater then $5,000,000 (Five Million US Dollars). Such Fee will become earned by Consultant, and due and payable by Sponsor, at such time that an Investor funds a Transaction. The Sponsor or the Investor shall release the Fee to Consultant via wire transfer or certified check made payable to Consultant. On a case-by-case occasion, and as deemed warranted, Consultant may admit to an alternate or negotiated form or rate of compensation as defined in Section 2.1. Such consideration shall be at the full discretion and written consent of the Consultant.