Conversion of Xxxxxxx Money to Nonrefundable Fee Sample Clauses

Conversion of Xxxxxxx Money to Nonrefundable Fee. The Xxxxxxx Money in this Agreement shall be released to Seller on the day (10th if not filled-in) after (“mutual acceptance” if not filled in). Xxxxx and Xxxxxx agree that the holder of the Xxxxxxx Money is hereby instructed to release the Xxxxxxx money funds to Seller without need of further authorization by Xxxxx. This provision does not require the holder of the Xxxxxxx Money to release any funds that have not become available from Buyer as liquid funds. When due for release to Seller under this provision the Xxxxxxx Money shall automatically convert to a nonrefundable fee (applicable towards the Purchase Price) and shall immediately be the property of the Seller and shall no longer be Xxxxxxx Money. If this transaction fails to close for any reason other than default by Seller, this nonrefundable fee shall remain the Initials: Buyer: Date: Buyer: Date: Seller: Date: Seller: Date: Rev. 07/2023 property of Seller. In the event of wrongdoing by the seller, Xxxxx will likely have to seek legal counsel to try and recover early released non-refundable funds. Buyer acknowledges and accepts any possible risks and expenses that may arise because of Xxxxx’s offering the early release of the xxxxxxx money.
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Related to Conversion of Xxxxxxx Money to Nonrefundable Fee

  • Funds Paid by Xxxxxx If the Rents are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of Borrower to Lender secured by this Security Instrument pursuant to Section 9.

  • Non-Refundable Fees 3. The School is unable to refund some fees. The following fees relate to expenses that the School may have paid or will incur as a result of receiving an application for enrolment and cannot be refunded:

  • Payment of Fee The Trust (and/or the Distributor) shall pay the Website Hosting and Notice Fee to the Company, in full, within 30 business days after the end of the semi-annual period.

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office. More About Tuition, Payment and Refunds. Please see the Academic Catalog, pages 23-31.

  • What To Do If You Find A Mistake On Your Statement If you think there is an error on your statement, write to us at the address(es) listed on your statement. In your letter, give us the following information:

  • Commitment Fee The Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the product of (i) the Applicable Rate times (ii) the actual daily amount by which the Aggregate Revolving Commitments exceed the sum of (y) the Outstanding Amount of Revolving Loans and (z) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Revolving Commitments for purposes of determining the commitment fee. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Termination Fee Charge A. In the event the Judicial Council terminates this Agreement pursuant to the “Termination Other Than for Cause” provision, as set forth in Exhibit A, the Judicial Council may be charged a Termination Fee, not to exceed the amount specified in Exhibit G.

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • INVOICE PAYMENT 3.1. The CUSTOMER shall pay all valid invoices submitted by the CONTRACTOR in accordance with the provisions of this Schedule in accordance with the provisions of Clause 5 of this Contract.

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