Common use of No Fee Clause in Contracts

No Fee. No fee would be allowed in those instances where (i) the fee is specifically precluded under the contract; (ii) where a state audit is currently in progress or being planned; or (iii) based on OUF’s experience it is inappropriate for OUF to pay a fee for the compliance audit being recommended and OUF is allowing the Contractor to perform the work as an accommodation to the holder. The Contractor must not assess or collect a fee from OUF if a fee has been or will be paid either by a holder or its agent to facilitate the transfer of the unclaimed property in question. The Contractor is not eligible to collect a fee on property of a corporation that has contracted with its transfer and disbursing agent to report unclaimed property as part of the services to be rendered to such corporation.

No Fee. No fee would be allowed in those instances where (i) the fee is specifically precluded under the contract; (ii) where a state audit is currently in progress or being planned; or (iii) based on OUF’s experience experience, it is inappropriate for OUF to pay a fee for the compliance audit being recommended and OUF is allowing the Contractor to perform the work as an accommodation to the holder. The Contractor must not assess or collect a fee from OUF if a fee has been or will be paid either by a holder or its agent to facilitate the transfer of the unclaimed property in question. The Contractor is not eligible to collect a fee on property of a corporation that has contracted with its transfer and disbursing agent to report unclaimed property as part of the services to be rendered to such corporation.