Fees and Reimbursement Clause Samples
The "Fees and Reimbursement" clause defines the obligations of one party to pay specified fees and reimburse certain expenses incurred by the other party in the course of performing the contract. Typically, this clause outlines the types of fees payable, the process for submitting reimbursement requests, and any limitations or approval requirements for reimbursable expenses, such as travel or materials. Its core function is to ensure transparency and fairness in financial dealings between the parties, preventing disputes over payment and clarifying which costs are covered under the agreement.
POPULAR SAMPLE Copied 1 times
Fees and Reimbursement. A. The Borrower hereby agrees to pay to the Bank:
1. Before 2:00 p.m., New York time, on each date that any amount is drawn under the Letter of Credit pursuant to a Principal Drawing or an Interest Drawing; and before 2:00 p.m., New York time on or before the second (2nd) Business Day after the date that any amount is drawn under the Letter of Credit pursuant to a Bond Purchase Drawing a sum equal to the amount so drawn under the Letter of Credit plus (x) interest accrued from the date of any such Principal Drawing, Interest Drawing, or Bond Purchase Drawing, if any, on the amount so drawn under the Letter of Credit as determined pursuant to clause (3) of this subsection (A) of this Section 2.2, plus (y) any and all charges and expenses which the Bank may pay or incur relative to such drawing under the Letter of Credit, plus (z) a fee in the amount of Two Hundred Dollars ($200.00) for that drawing under the Letter of Credit;
2. Upon each transfer of the Letter of Credit in accordance with its terms and as a condition thereto, a sum in such amount as shall be necessary to cover the reasonable costs and expenses to the Bank incurred in connection with such transfer;
3. Interest, payable on demand, on any and all amounts of any Principal Drawing, Interest Drawing and/or Bond Purchase Drawing not paid by the Borrower when due under any section of this Reimbursement Agreement from the date such amounts become due until payment in full, such interest at a rate per annum equal to (i) prior to the occurrence of an Event of Default, the Bank's Prime Rate, (ii) upon the occurrence of an Event of Default and during the continuance thereof, the Bank's Prime Rate plus four percent (4%);
4. On demand, reasonable costs, fees and expenses incurred by the Bank, including reasonable attorneys fees, in connection with the issuance of the Letter of Credit or the preparation or execution of any documents or opinions related thereto;
5. On demand, any and all reasonable expenses incurred by the Bank, including reasonable attorneys fees, in enforcing any of its rights under this Reimbursement Agreement, or any of the Bank Documents; and
6. On or prior to closing, any and all appraisal fees relating to the appraisal of the real property subject to the Mortgage and the Collateral Mortgage.
7. On or prior to the Closing Date, a one-time origination fee equal to $38,400.
B. The Borrower hereby agrees to pay to Bank on the date of issuance of the Letter of Credit and on each annual a...
Fees and Reimbursement. A. Vendor will pay the City $1.00 per day per scooter which the Vendor operates from or parks in the public right of way. Vendor must pay the City by the 10th day of each month for the operation of scooters for the previous month (i.e. August 1-31, 2018 to be paid on or before September 20, 2018). Each payment must be accompanied by a report for the number of scooters which were operated from the public right of way, the details on how many times each scooter was used, the routes, and the trip lengths.
B. Vendor will be responsible for reimbursing the City for the costs of City staff time spent relocating or removing scooters from any location where scooter parking is prohibited under this Agreement. Before relocating those scooters the City will first notify the vendor of the issue and request that the vendor relocate the scooter to an allowed location. Vendor will have 2 hours to relocate scooters if notified between 6am to 8pm on weekdays, not including holidays, and ten hours at all other times.
C. Fees for staff time are:
i. $35 per scooter per move from unauthorized location ii. $20 per day per scooter for storage at ▇▇▇▇ Street facility. A partial day counts as one day.
D. Nothing herein prevents the City from moving the scooters from a location for any reason without notifying Vendor if the scooter is moved from one location on the sidewalk to an adjacent
A. Scooters must meet the requirements for lighting euipmentset forth in Minn. Stat.
B. Each scooter must have a unique identifier, such a number, visible to the user of the scooter.
C. All scooters must include on-board GPS chip to ensure vendor’s ability to locate and retrieve bikes at any time as needed.
D. Each scooter must be maintained in a safe and operable condition. Any inoperable or unsafe scooter must be immediately made unavailable for use, and removed from the fleet until repaired or replaced with a safe and operable scooter.
E. Vendor must provide customers with a 24- hour customer service phone number and electronic communication method for reporting safety or maintenance issues with scooters, or to ask questions or register complaints.
F. Vendor is responsible for informing customers of the rules for eligible scooter parking,
G. Vendor must provide customers with information on the applicable laws for operation of an e-scooter in the City of Saint ▇▇▇▇ and as required in Minn. Stat. §169.225 and require that they comply with those laws.
H. Vendor is solely responsible for any lost ...
Fees and Reimbursement. The Principal Shareholders, jointly and severally, on the one hand, and ▇▇▇▇▇▇▇▇▇, on the other hand, each agree to pay the fees of the Escrow Agent, as to the first $5,000 per year by ▇▇▇▇▇▇▇▇▇ and, as to any excess, by each thereof as to one half thereof. The Principal Shareholders, jointly and severally, and ▇▇▇▇▇▇▇▇▇, on the other hand, agree to reimburse the Escrow Agent on demand for, and to indemnify and hold the Escrow Agent harmless against and with respect to, one-half of any and all loss, liability, damage, or expense (including, without limitation, reasonable attorneys' fees and expenses) that the Escrow Agent may suffer or incur in connection with the entering into of this Escrow Agreement and performance of its obligations under this Escrow Agreement or otherwise in connection therewith, except to the extent such loss, liability, damage or expense arises from the wilful misconduct or gross negligence of the Escrow Agent. Without in any way limiting the foregoing, the Escrow Agent shall be reimbursed by the Principal Shareholders, on the one hand, and ▇▇▇▇▇▇▇▇▇, one the other hand, each for one-half of the cost of all legal fees, costs and disbursements incurred by it in acting as the Escrow Agent hereunder (which may include fees and costs of legal services provided to the Escrow Agreement), based on the normal hourly rates in effect at the time services are rendered. The Escrow Agent shall have the right at any time and from time to time charge, and reimburse itself from, the Escrowed Property for all amounts to which it is entitled pursuant to this Escrow Agreement.
Fees and Reimbursement. The estimated maximum fee for the project is $ .
Fees and Reimbursement. Section 6.1 Producer agrees to pay Gatherer the following fees for gathering services provided pursuant to this Agreement:
(a) For the period of time beginning with the Effective Date, for all Initial ▇▇▇▇▇ and ▇▇▇▇▇ deemed Initial ▇▇▇▇▇ under Section 1.4(a), a gathering fee equal to $0.2557 per MMBtu of Gas received by Gatherer at the Points of Receipt on the Pipeline (“Initial Gathering Fee”).
(b) For the period of time beginning with the Effective Date, for all Subsequent ▇▇▇▇▇, a gathering fee equal to $0.50 per MMBtu of Gas received by Gatherer at the Points of Receipt on the System (as the System may from time to time be expanded or extended by Gatherer) for the first ▇▇▇ ▇▇▇▇ of total gas throughput on the System by Producer and any other producer (“Base Gathering Fee”); $0.35 per MMBtu of Gas thereafter, up to a cumulative ▇▇▇▇ ▇▇▇▇ of total gas throughput on the System by Producer and any other producer (“Incentive Gathering Fee”) and $0.25 per MMBtu of Gas for volumes in excess of ▇▇▇▇ ▇▇▇▇ of total gas throughput on the System by Producer and any other producer (“Ultimate Gathering Fee”). The applicability of the Base Gathering Fee, the Incentive Gathering Fee or the Ultimate Gathering Fee shall be determined solely on the basis of total gas throughput on the System.
Section 6.2 For compression services provided by Gatherer at any CRP in accordance with Section 1.5 of this Agreement, in addition to any fees paid by Producer for gathering services pursuant to Section 6.1, Producer shall pay Gatherer a fee (“Compression Fee”) as follows:
(a) for a pressure not to exceed 600 psig and not less than 501 psig, a compression fee of $0.075 per MMBtu;
(b) for a pressure not to exceed 500 psig and not less than 401 psig, a compression fee of $0.10 per MMBtu;
(c) for a pressure not to exceed 400 psig and not less than 301 psig, a compression fee of $0.125 per MMBtu;
(d) for a pressure not to exceed 300 psig and not less than 201 psig, a compression fee of $0.15 per MMBtu;
(e) for a pressure not to exceed 200 psig and not less than 101 psig, a compression fee of $0.175 per MMBtu; and
(f) for a pressure not to exceed 100 psig, a compression fee of $0.20 per MMBtu.
Section 6.3 Compression Fees shall be determined based on the pressure supplied by Gatherer at each Point of Receipt. Producer shall provide Gatherer with its share of compression fuel for the pressure provided, which shall be included in the Allocated Gas Charge. If Gatherer elects to install elec...
Fees and Reimbursement. Consultant shall be paid $350.00 USD per hour for the Services. The total not to exceed compensation due to Consultant for Services under this SOW, including expenses is $370,000.00. Consultant will invoice Senti monthly for services and expenses and will provide such reasonable receipts or other documentation of expenses as Senti might request, including copies of time records. Payment terms: net 30 days from receipt of invoice. Senti will be invoiced on the first day of each month for services rendered and expenses incurred during the previous month.
Fees and Reimbursement. Provided that Consultant: (i) performs the Consulting Services to Client’s satisfaction (as determined by Client in its sole discretion); and (ii) complies with all contractual obligations to Client, then Client will pay Consultant consulting fees at the rate of $1,500 per month (the “Consulting Fees”). The monthly amount of the Consulting Fees will be paid on or around the last business day of each calendar month during the term.
Fees and Reimbursement. Cash Fee: $700 per hour Consultant will be reimbursed for third party expenses (at cost) if approved in writing in advance by Client. Consultant may be required to travel to Client’s offices from time to time and travel expenses will be reimbursed. Consultant will invoice Client monthly for services and expenses and will provide such reasonable receipts or other documentation of expenses as Client might request, including copies of time records. Client will be invoiced on the first day of each month for services rendered and expenses incurred during the previous month. If Gasmi timely elects continued coverage under COBRA, Client will pay Gasmi’s COBRA premiums to continue Gasmi’s coverage (including coverage for eligible dependents, if applicable) (“COBRA Premiums”) through June 2020; provided, however, that these payments shall cease if Gasmi becomes eligible for health insurance benefits through a subsequent employer.
Fees and Reimbursement. Consultant’s Fee: $see below (circle one: hourly // fixed fee) As sole and complete compensation for all services performed under this Project Assignment, Blue Martini will grant Consultant non-qualified stock options to purchase 160,000 shares of the Company’s Common Stock with an exercise price of $0.01 per share, vesting 100% on the one-year anniversary of the Effective Date, assuming Consultant’s continued service under and compliance with this Agreement (i.e., the Agreement has not been terminated by Blue Martini due to Consultant’s material and uncorrected breach). The option vesting will accelerate such that 100% vesting would occur upon any change of control in which Blue Martini is not the surviving entity.
Fees and Reimbursement. (1) The disagio or service fee payable by the Merchant for the services provided by EVO according to these Additional Gen-‐ eral Termsof AgreementCard Acceptance shall be calcu-‐ lated on the basis of the final invoice amount of a Payment Card transaction. Further fees for EVO’s services hereunder may be providedfor in the Agreement.
(2) If the average transaction volume per month (aggregate volume of all transactions divided by the number of transac-‐ tions) is ten percent (10 %) or more lower than the forecasted monthly transaction volume divided by the forecasted number of monthly transactions (upon entering into the Agreement or when a change to this forecast is agreed), the Parties negoti-‐ ate in good faith a reasonable increase of the disagio respec-‐ tively the servicefee.
(3) Expenses to be reimbursed according to Section 1(2) of the General Terms of Agreement shall particularly include all Fines and Penalties or other charges of the Card Organizations that are imposed on EVO directly or indirectly – as Licensee of the Card Organizations – by the Card Organizations as far as these Fines and Penalties or other charges were caused by the Merchant's transactions and are imposed pursuant to the rules.
(4) If “Interchange +” or “Interchange ++” is selected in the Agree-‐ ment, expenses to be reimbursed according to Section 1 (2) of the General Terms of Agreement shall particularly be in ad-‐ dition Interchange Fees which EVO has to pay to the Issuers in connection with the provision of card acceptance services with regard to the Merchant. The amount of the Interchange Fees to be paid in each case shall be based on the criteria stipulat-‐ ed by the Card Organizations, as amended. These criteria in-‐ clude for example, the registered office of the Card Issuer and the Merchant's registered office and business model, the se-‐ curity procedures used and the Payment Card used in each case. The Card Organizations may from time to time amend the amount of the Interchange Fees and/or the criteria rele-‐ vant to their calculation. EVO shall inform the Merchant of the currently valid Interchange Fees per email.
(5) If “Interchange ++” is selected in the Agreement, expenses to be reimbursed according to Section 1 (2) of the General Terms of AgreementshallparticularlybeinadditionTransac-‐ tion Processing and Administration Fees (Scheme Fees) which EVO has to pay to the Card Organizations in connection with the provision of card acceptance services with ...