Non-Refundable Fee definition
Examples of Non-Refundable Fee in a sentence
Up to 50% of the Non-Refundable Fee (the “Potentially Deductible Fee”) may be deducted from the Transaction Fees (defined below) payable to HCFP pursuant to paragraph 4(b) below, at the rate of Twelve Thousand Five Hundred Dollars ($12,500) per each of the first three Transactions consummated.
The balance of the Non-Refundable Fee and, in the event that less than three Transactions for which Transaction Fees are payable to HCFP hereunder are consummated, that portion of the Potentially Deductible Fee that is not deducted from Transaction Fees in accordance with the foregoing, will be kept by HCFP to compensate it for its time and effort in providing services hereunder.
The Non-Refundable Fee is paid in consideration of the extension or extensions of the Closing Date set forth in this Agreement and is not refundable to ISIS for any reason whatsoever, including without limitation the non-occurrence of a Closing under the MIPA.
Provided that ISIS has paid the Non-Refundable Fee set forth in Section 2, then at its option, ISIS may extend the Closing Date to November 1, 2004 by, no later than October 13, 2004, (i) so notifying Gupta in writing and (ii) paying Gupta by wire transfer an additional cash sum of two million dollars ($2,000,000).
The Franchisee shall pay a Non-Refundable Fee of Rs. 50,000 plus applicable taxes as a signing up amount.
If ISIS effects any of the extensions set forth in this Section 6, then the term "Non-Refundable Fee" shall refer to the one million dollars ($1,000,000) initially paid by ISIS plus the incremental two, three or four million dollars, as the case may be, paid by ISIS for such incremental extensions.
An offer of a place for your Child at the School is confirmed by your acceptance in writing and submission of the duly completed Acceptance Form together with receipt of full payment of the Admission Acceptance Fee, Non-Refundable Fee and Refundable Deposit.
Upon termination by the Patient, a Non-Refundable Fee equal to three (3) months of the Annual Membership Fee will be retained by the Practice.
Only if the Closing under the MIPA occurs by the Closing Date as extended under this Agreement, the Non-Refundable Fee shall be applied towards ISIS's satisfaction of the Cash Payment.
The term "Non-Refundable Fee" shall refer to the one million dollars ($1,000,000) initially paid by ISIS plus the incremental one million dollars ($1,000,000) paid by Warp for such incremental extension.