Examples of Back End Fee in a sentence
The party whose books and records are being examined shall allow full and free access to records relating to the Receivable Documents or the Back End Fee and shall provide necessary technical assistance as required to access such records.
Buyer’s obligation to pay the Balance Payment (and any interest thereon as provided in Clause 3(b) herein) and Buyer’s obligation to pay the Back End Fee shall be secured by the Buyer’s Parent Company Guarantee from Borr Drilling Limited.
Seller shall have the right to assign its rights to receive payment of the Balance Payment (and interest thereon) from the Buyer and its rights to receive payment of the Back End Fee from the Buyer and, in connection therewith, its rights to, and interests in the security documents as hereinafter defined at Clause 11.1 and the Buyer’s Parent Company Guarantee to any third party including any financial institution with prior written consent of the Buyer Parent (such consent not to be unreasonably withheld).
Buyer’s obligation to pay the Balance Payment (and any interest thereon) and Buyer’s obligation to pay the Back End Fee shall be secured by a first priority mortgage over the Rig and a first party assignment of the insurances and requisition compensation of the Rig.
The Builder irrevocably agrees that if, following a demand by the Buyer for repayment under this Article 24, Builder or Builder’s Guarantor does not make immediate refund to Buyer, Buyer shall be entitled to serve notice exercising its right to pay the Balance Payment and the Back End Fee and take delivery of the Rig under this Agreement.