Fees and Reimbursement Sample Clauses
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.
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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. The Principal Shareholders, jointly and severally, on the one hand, and Xxxxxxxxx, on the other hand, each agree to pay the fees of the Escrow Agent, as to the first $5,000 per year by Xxxxxxxxx and, as to any excess, by each thereof as to one half thereof. The Principal Shareholders, jointly and severally, and Xxxxxxxxx, 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 Xxxxxxxxx, 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. A. Vendor will pay a trip fee of $0.10 per trip for all trips that start or end within the Service Zone. Trip fees shall be paid to the City on a monthly basis and shall be paid by the fifteenth day of the month following the month in which the trips were taken.
B. Vendor will pay a park impact fee of $0.20 per scooter per trip for all trips that begin or end on parkland. Park impact fees are in addition to, not in place of, trip fees as required in Section 4A. Any trip that both begins and ends on parkland shall only be subject to a single park impact fee. Impact fees shall be paid to the City on a monthly basis and shall be paid by the fifteenth day of the month following the month in which the trips were taken. Vendor must furnish to the City the geographic coordinates of both origin and destination points of all trips taken in the previous month no later than the tenth day following that month to allow for verification of park trips. For purposes of this section, a trip is taken in the calendar month that the trip is ended in.
C. 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.
a. If the improperly parked scooter is not impeding the real-time operations or maintenance work of City staff, before relocating the scooters and seeking reimbursement from Vendor, the City will first notify 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. Vendor must promptly notify the City of corrective action taken.
b. If an improperly parked scooter is impeding the real-time operations or maintenance work of city staff (e.g. a scooter improperly parked on the grass within a city park impedes lawn mowing), City staff is authorized to relocate the scooters without providing prior notice to Vendor, and Vendor will be responsible for reimbursing the City for the costs of City staff time per the rates established in this Agreement.
X. Xxxx for staff time are:
i. $35 per scooter per move from unauthorized location or location impeding real- time operations or maintenance
ii. $20 per day per scooter for storage at Xxxx Street facility. A partial day counts as one day.
iii. In order to verify that such impounds were proper and valid, with each i...
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 Xxxxx and Xxxxx deemed Initial Xxxxx 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 Xxxxx, 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 000 XXxx 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 0000 XXxx 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 0000 XXxx 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. The estimated maximum fee for the project is $ .
Fees and Reimbursement for Letter of Credit -------------------------------------------
(a) The Borrower hereby agrees to pay to the Bank:
(i) Before 2:00 p.m., Albany, 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/or a Remarketing Drawing, each as defined in the Letter of Credit, a sum equal to the amount drawn under the Letter of Credit, plus (x) interest accrued, if any, on the amount so drawn under the Letter of Credit as determined pursuant to clause (iii) 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) for each Principal Drawing, Remarketing Drawing, or Interest Drawing under the Letter of Credit.
(ii) Upon a Remarketing Drawing under the Letter of Credit, provided there is then no uncured Event of Default, the Borrower shall have until the Expiration Date to reimburse the Bank for the amount of the Remarketing Drawing, subject to the right of the Bank to require redemption or acceleration of the Notes pursuant to Section 8.2 hereof. Any amounts received by the Bank from the remarketing of Notes purchased out of a Remarketing Drawing and registered to the Bank or, at the direction of the Bank, to the Borrower, shall be applied against the Borrower's obligation to reimburse the Bank for the amount of the Remarketing Drawing. The amount of any unreimbursed Remarketing Drawing shall bear interest from the date of the Remarketing Drawing at a rate per annum equal to the Prime Rate. Such interest shall be payable on each Interest Payment Date for so long as such Remarketing Drawing or any portion thereof is unreimbursed. The payments of interest hereunder shall be credited against the interest accrued on the Notes pledged to the Bank under the Note Pledge Agreement. Interest hereunder shall be calculated based on a 360-day year, but calculated on the number of actual days elapsed.
(iii) Upon each transfer of the Letter of Credit in accordance with its terms and as a condition thereto, a transfer fee of Five Hundred Dollars ($500.00) and such additional amounts as shall be reasonably necessary to cover the costs and expenses to the Bank incurred in connection with such transfer;
(iv) The Borrower shall pay interest at the Default Rate, payable on demand on any and all amounts of any Principal Drawing, Interes...
Fees and Reimbursement. Provided that Consultant: (i) performs the Business Consulting Services to Client’s reasonable satisfaction (as determined by Client in its reasonable discretion); and (ii) complies with all contractual obligations to Client, then Client will pay Consultant consulting fees at the rate of $20,000 per month (the “Business 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. If Client elects not to use Consultant to provide Services, Client will still be obligated to pay the Business Consulting Fees to Consultant during the Initial Term.
Fees and Reimbursement. Consultant shall be paid [***] for the Services, with a weekly maximum of 15 hours/wk. The total not to exceed compensation due to Consultant for Services under this SOW, including expenses is $60,000.00. 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. During the Consulting Term, Duke Energy will pay the Consultant a consulting fee of $10,000 per full calendar month (prorated for partial calendar months) for Services requested by Duke Energy and provided by the Consultant, with each monthly consulting fee payment being made to the Consultant by the 30th day following the end of the applicable calendar month of the Consulting Term. The Consultant will return to Duke Energy any Duke Energy property in his possession at the end of the Consulting Term. Duke Energy also will reimburse the Consultant for actual, necessary, and reasonable out-of-pocket business-related expenses that the Consultant incurs providing the Services requested by Duke Energy; provided, however, that the Consultant must obtain Duke Energy’s consent prior to incurring any such expense that exceeds $250. The Parties agree that, except as specifically set forth in this Section 3, the Consultant shall be entitled to no compensation or benefits from Duke Energy with respect to the Services, shall not be eligible to participate in any employee benefit plans of Duke Energy in connection with providing Services and shall not be credited with service or age credit for purposes of eligibility, vesting or benefit accrual under any employee benefit or compensation plan of Duke Energy. Notwithstanding any provision herein to the contrary, nothing shall be paid pursuant to this Agreement unless and until the Agreement is approved by the Compensation and People Development Committee of the Board of Directors of Duke Energy Corporation (any fees that accrue hereunder prior to such approval shall be paid only after approval is obtained).
Fees and Reimbursement. During the term of the Agreement, Duke Energy will pay the Consultant a retainer, payable in arrears, of $14,880 per month, for Services requested by Duke Energy and provided by the Consultant. The Consultant will return all Duke Energy property to Duke Energy at the end of the Consulting Term (as defined below). Duke Energy also will reimburse the Consultant for actual, necessary, and reasonable out-of-pocket business-related expenses that the Consultant incurs providing the Services requested by Duke Energy. On or before the first day of each month, the Consultant agrees to submit to Duke Energy his invoice for any reasonable out of pocket businesses expenses incurred by Consultant during the prior month, with such business expenses to be documented on a form prescribed by Duke Energy and substantiated by receipts in a manner consistent with Duke Energy’s policies and Duke Energy agrees to pay Consultant's invoice for reasonable expenses no later than the thirtieth (30th) day thereafter. The Parties agree that, except as specifically set forth in this Section 3, the Consultant shall be entitled to no compensation or benefits from Duke Energy with respect to the Services, shall not be eligible to participate in any employee benefit plans of Duke Energy and its subsidiaries and affiliates in connection with providing Services and shall not be credited with service or age credit for purposes of eligibility, vesting or benefit accrual under any employee benefit plan of Duke Energy or its subsidiaries or affiliates.