Borrower-Paid Compensation Sample Clauses

Borrower-Paid Compensation. In consideration for the loan origination services provided by the Broker to the Borrower, in lieu of Lender Paid Compensation, the Broker may receive compensation from Borrower based on a fixed percentage of the loan amount not to exceed their Lender-Paid Compensation Election. Subject to the Lender-Paid Compensation election limitations, Xxxxxx will negotiate directly with the Borrower to determine the fixed percentage to be paid to the Broker. Any seller paid contributions are considered borrower-paid compensation. Xxxxxx understands and agrees that:
Sample 1
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Borrower-Paid Compensation. For transactions where Client’s compensation is paid directly from the Borrower(s), that compensation may be negotiated on a loan by loan basis provided the compensation is equal to or less than the compensation Client would have received under LPC; and the BPC falls within the maximum if elected, or maximum set by FSB, and that no part of any FSB borrower premium credit is used to pay any of the BPC origination charges.
Sample 1
Borrower-Paid Compensation. Borrower-Paid Compensation is Broker compensation paid by the borrower using the borrower’s own funds or loan proceeds. Borrower-Paid Compensation includes any seller concessions, or interested party contributions for VA loans, by any representative of the borrower. Borrower-Paid Compensation is negotiated by Broker directly with the borrower and may vary on each individual loan submitted to MSC. Under Borrower-Paid Compensation, Broker may lower fees or offer credits toward third-party closing costs. MSC will not be responsible nor represented by Broker or any of Broker’s affiliates regarding the negotiations with the borrower in a Borrower- Paid Compensation transaction. WHEN CHOOSING BORROWER-PAID COMPENSATION THE BROKER MAY NOT RECEIVE ANY COMPENSATION DIRECTLY OR INDIRECTLY FROM ANY OTHER PARTY OR ENTITY TO THE TRANSACTION, OR OUTSIDE OF THE TRANSACTION, EXCEPT THE BORROWER, INCLUDING THE LENDER. Bona fide third-party fees are not Borrower-Paid Compensation, and therefore may be paid by Lender on behalf of the Borrower from premium pricing when applicable.
Sample 1
Borrower-Paid Compensation. In the event Broker elects to be compensated directly from the borrower, any fees (and the amount of such fees) imposed by Broker upon Borrower have been determined by negotiations between Xxxxxxxx and Xxxxxx, may vary on each individual loan transaction, and such fees may be from the borrower’s own funds or loan proceeds. In addition, Xxxxxxxx paid compensation may include seller concessions. Under a borrower paid loan transaction, the Broker may not receive any compensation directly or indirectly from any other party or entity to the transaction, or outside the transaction, including the Lender.
Sample 1

Related to Borrower-Paid Compensation

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • REFUND OF UNEARNED COMPENSATION The Party of the Second Part agrees to refund the Party of the First Part any compensation received for which no services were rendered. TERMINATION: This contract may be terminated by either party pursuant to law. OTHER CONDITIONS: Any subsequent contracts shall supersede the provisions of this contract. PARTIES: The Fort Xxxxx School District 100, Party of the First Part, and XXXXX XXXXX XXXXX Party of the Second Part, agree as follows:

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • 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.

  • Holiday Compensation Compensation for each paid holiday day not taken out is 4.6 % of the current monthly salary and holiday supplement according to 9.4.1 and 9.4.

  • Executive’s Compensation The Company agrees to compensate the Executive as follows:

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

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