Administration Fee and Expenses Sample Clauses
The Administration Fee and Expenses clause defines the charges and costs that one party must pay to cover the administrative services provided under the agreement. Typically, this clause outlines the specific fees for administration, such as processing, management, or coordination, and may also detail how additional expenses—like postage, travel, or third-party services—are to be reimbursed. Its core function is to ensure transparency and agreement on the financial responsibilities related to administrative tasks, preventing disputes over unexpected or unclear charges.
Administration Fee and Expenses. The term “Administration Fee” as used in this Article shall have the meaning set forth in Exhibit B hereto. In the event that all or some portion of the Administration Fee is not paid due to a lack of funds in the Practice, the Administration Fee shall carry-over and remain payable until the Practice has funds sufficient to pay the Administration Fee and said Administration Fees which are in arrears shall be paid as soon as any funds are available in the Practice while permitting a working capital balance for the operations of the Practice.
Administration Fee and Expenses. OPY Credit Corp. shall pay the Lender a monthly Administrative Fee in the amount of $100,000 for the Credit Personnel retained by the Lender to provide services under this Agreement. This Administrative Fee shall be applied against certain to-be-agreed fees for each credit application submitted by OPY Credit Corp. to the Lender for credit review, approval, monitoring and administration. The Administrative Fee shall be payable in advance on the fifth day of each month (or if such day is not a Business Day, then on the next succeeding Business Day) and on the Closing Date for the period through January 31, 2008 (prorated for such shorter period). After the Closing Date, OPY Credit Corp. may request that the Lender reduce the Administrative Fee, and the Lender shall evaluate this request in light of OPY Credit Corp.’s level of business activity.
Administration Fee and Expenses