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. 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 bythe 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 requiredin 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 spentrelocating 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 willhave 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 thescooters without providing prior notice to Vendor, and Vendor will be responsible for reimbursing the City for the costs of City staff time per the ratesestablished in this Agreement.
D. Fees 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 ▇▇▇▇ Street facility. A partial day counts asone day.
iii. In order to verify that such impounds were proper and valid, with each invoicefor...
Fees and Reimbursement. (a) The Borrower hereby agrees to pay to the Bank:
i) Before 2:00 p.m., Seattle time, on the date of any Principal Drawing or Interest Drawing under the Letter of Credit, a sum equal to the amount so drawn under the Letter of Credit plus (a) interest accrued from the date of any such Principal Drawing or Interest Drawing on the amount so drawn under the Letter of Credit at the Default Rate pursuant to subsection (iv) of this Section2.2(a), plus (b) any and all charges and expenses which the Bank may pay or incur relative to such drawing under the Letter of Credit, plus (c) a fee in the amount of Two Hundred Dollars ($200.00) for that 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 of the Bonds pursuant to Section7.2 hereof. Any amounts received by the Bank from the remarketing of Bonds 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 Federal Funds Rate plus one hundred fifty basis points (1.50%). 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 Bonds pledged to the Bank under the Bond Pledge Agreement. Interest hereunder shall be calculated based on a 360 day year but calculated for the actual number of days elapsed.
iii) 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;
iv) Interest at the Default Rate, payable on demand, on any and all amounts of any Principal Drawing, Interest Drawing and/or Remarketing 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;
v) For any payment of principal and/or interest n...
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. 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. 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. 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. 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. The Shochet Parties will pay to FFGI (i) upon consummation of the BlueStone Transaction, a fee of $75,000 for the Transaction Consummation Services, (ii) beginning on the date of consummation of the BlueStone Transaction and through the Wind-down Period, a monthly fee of $20,000 for the Wind-down Services and (iii) after the Wind-down Period, a monthly fee in an amount to be agreed upon by the parties for all other services to be rendered by FFGI to either of the Shochet Parties. FFGI shall be entitled to receive 100% reimbursement for any and all expenses it incurs in connection with the rendering of these services. Notwithstanding, the foregoing FFGI shall not be obligated to advance funds for the costs or expenses of any of the Shochet Parties' obligations.
Fees and Reimbursement. The parties agree that SCHA will pay Delegated Entity those rates specified in Exhibit D and Exhibit E for the services rendered by Delegated Entity pursuant to this agreement.