Residual Fee definition
Examples of Residual Fee in a sentence
The Residual Fee shall not be subject to proration but shall only be due and payable if this Agreement has been in effect for the full month to which said Residual Fee relates.
Gross sales of Sugar Sand boats made during the Residual Fee Period shall be the total of the amount received for each Sugar Sand boat including equipment or optional equipment included with each boat sale (but not including the proceeds from the sale of any trailer included with a boat, if any), prior to any rebate or dealer promotion or allowance.
Subject to the last sentence of this Section 2.3(b), no Liens, Claims, or Interests shall encumber the Professional Fee Escrow Account in any way; provided that Liens granted pursuant to the DIP Facility Documents and Exit Facility Documents, as applicable, shall encumber amounts in the Professional Fee Escrow Account constituting the Residual Fee Escrow Interest.
In consideration for the Assets acquired hereunder, Purchaser shall pay; (1) $25,000 at the Closing to "Execute Sports" at the address of the Closing listed in Section 2 above, and (2) an amount equal to two percent (2%) of the gross sales of all models of Sugar Sand boats sold by Purchaser (the "Residual Fee") in the period beginning on the Effective Date through until January 1, 2014 (the "Residual Fee Period").
GoAmerica will pay Sony a percentage (the "Residual Rate") of the Base Recurring Revenue (as defined immediately below) each month for each Subscription ("Residual Fee"), for as long as that Subscription remains activated on the Sony Service.
The Residual Fee shall be payable by Owner to Manager monthly within fifteen (15) days following Owner's receipt of Manager's monthly financial report as provided for in Section I.
The Residual Fee shall be due on the fifteenth (15th) day of each January, April, July and October beginning on January 15, 2009 through January 15, 2014.
The requests will be done on a first come first serve basis after the vacation bid process is complete.
The Residual Fee shall be paid on a quarterly basis for all sales made in the period ending through the last day of the month immediately prior to the month that the Residual Fee is due.