Borrower Compensation Sample Clauses

Borrower Compensation. As compensation for our services under this Agreement, you agree to pay us a mortgage brokerage fee in the amount of % of the loan amount or $ . You may pay the mortgage brokerage fee either with funds you bring to the loan closing or from the loan proceeds at the time of settlement. You will be obligated to pay us only if your loan closes.
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Borrower Compensation. The attached Approved Budget provides that neither Borrower nor any of its affiliates shall receive any compensation, salary, fees or other distributions in connection with the Project other than: (i) a Project management fee of four and one-half percent (4.5%) of the Sale Price of all Homes ("BUILDER MANAGEMENT FEE") to be paid to the Builder and RGC Courthomes Inc., a California corporation ("RGC") as follows: (A) a portion of the Builder Management Fee not to exceed One Hundred Thousand Dollars ($100,000) per month and One Million Dollars ($1,000,000) in the aggregate, shall be paid from Senior Debt; (B) two percent (2%) of the Sale Price of each Home shall be paid from the sale of such Home pursuant to Section 1.4(a); and (C) the remaining portion of the Builder Management Fee not paid under clauses (A) and (B) above shall be paid from Available Cash as provided in Section 1.4(c) (it being anticipated that payment under this Section 1.11(b)(i)(C) will be approximately one and one-half percent (1.5%) of the aggregate Sale Price for all Homes); provided, however, that if all aspects of the performance of the Project are in conformance with or better than the Business Plan (including, but not limited to Sale Price of the Homes, rate of the sales of Homes, cumulative closings of Homes and Project Costs), Lender, in its reasonable discretion, shall have the option to permit the payment of this remaining portion of the Builder Management Fee by increasing the amounts payable under (A) and/or (B) above; (ii) a sales commission paid to on-site sales staff through escrow from the sale of each Home pursuant to Section 1.4(a), which shall not exceed one percent (1%) of the Sale Price of each Home ("SALES COMMISSION"); (iii) reasonable and customary on-site construction supervision (not to exceed one on-site superintendent per Product Line, one general superintendent and reasonable and customary on- site laborers);
Sample 1

Related to Borrower Compensation

  • Affiliate Compensation Except as set forth above in this Section 3.7, the Company shall not pay any Initial Stockholder or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided that the Initial Stockholders shall be entitled to reimbursement from the Company for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination.

  • AGENT'S COMPENSATION The Owner agrees to pay the Agent the following fees indicated below for the services and provided: (check all that apply) ☐ - Management Fee: . ☐ - New Lease: _ . ☐ - Renewal of Lease: _ . ☐ - Eviction: . ☐ - Preparing the Property for Leasing: _ . ☐ - Other. .

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • No Compensation Except as provided in this Section 7.4 and elsewhere in this Agreement (including the provisions of Articles V and VI hereof regarding distributions, payments and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

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