Agent's Administrative Fee Clause Samples
The Agent's Administrative Fee clause defines the fee that an agent is entitled to receive for performing administrative or management services under an agreement. Typically, this fee is either a fixed amount or a percentage of certain transactions, and it is paid at specified intervals, such as monthly or upon completion of particular tasks. The core function of this clause is to clearly establish the agent's compensation for administrative duties, thereby preventing disputes over payment and ensuring transparency in the agent-client relationship.
Agent's Administrative Fee. Pay to the Agent the annual administrative fees as mutually agreed between the Borrower and the Agent.
Agent's Administrative Fee. The Borrower shall pay to the Agent for its own account a separately negotiated annual fee payable in arrears in equal semi-annual installments as required by the separate agreement between the Borrower and the Agent (the "Agent's Administrative Fee").
Agent's Administrative Fee. The Borrower agrees to pay to the Agent, for the sole account of the Agent, a non-refundable agent's administrative fee (the "Agent's Administrative Fee") in the amount of $15,000 per year, with such Agent's Administrative Fee being payable annually in advance on the Closing Date and on each anniversary of the Closing Date.
Agent's Administrative Fee. The Borrowers agree to pay to the Agent the fees set forth in the Agent’s Fee Letter.
Agent's Administrative Fee. To the Agent for its own account, an -------------------------- annual non-refundable fee, payable in advance on or before the Effective Date and on each anniversary of such date thereafter, of $15,000.00.
Agent's Administrative Fee. The Borrowers shall pay to the Agent, for the Agent's own account, a non-refundable Agent's administrative fee pursuant to the Agreement Regarding Fees. The Agent's administrative fee shall be payable quarterly in arrears on the first day of each calendar quarter for the preceding calendar quarter or portion thereof. The Agent's administrative fee shall also be paid upon the Maturity Date or earlier termination of the Commitment. The Agent's administrative fee for any partial quarter shall be prorated.
Agent's Administrative Fee. Borrower hereby agrees to pay to Agent for the account of the Agent computed from the Closing Date to and including the Revolving Credit Maturity Date, an administrative fee equal to Twenty Thousand Dollars ($20,000) per annum (the "Administrative Fee"), payable to the Agent quarterly in arrears, commencing July 31, 1997 and continuing on the last day of each October, January, April and July thereafter. Such fee shall be computed on the basis of a 360 day year, counting the actual number of days elapsed. In the event there have been no Advances made by Lender under the Revolving Credit Facility at any time during any quarter, Agent agrees to waive the Administrative Fee for the corresponding quarter period.