Establishment Fee Clause Samples
The Establishment Fee clause defines the upfront charge that a party must pay to initiate a contract or service. Typically, this fee is required at the start of an agreement, such as when setting up a loan, lease, or service account, and is often non-refundable. By clearly stating the amount and timing of this fee, the clause ensures transparency in initial costs and helps both parties understand their financial obligations from the outset.
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Establishment Fee. The Borrower agrees to pay the Lender a total fee (the “Establishment Fee”) in the amount of $50,000 for the establishment of this loan facility, which shall be due and payable concurrently with Borrower’s execution hereof (minus the $20,000 advance on the Establishment Fee that the parties acknowledge the Lender has been paid by Borrower prior to the date of this Agreement). No portion of the Establishment Fee will be refundable by the Lender to the Borrower under any circumstances, including an election by the Borrower not to submit a Request for Advance hereunder or the failure of the Borrower to satisfy, or the failure of the Lender to waive satisfaction of, the conditions to any Advance set forth in Article IV hereof.
Establishment Fee. The Borrower must pay the Establishment Fee to the Lender on or before the Loan Date whether not the Borrower satisfies any or all of the conditions precedent set out in clause 2.1.
Establishment Fee. The Borrower will pay to the Lender a non-refundable establishment fee equal to [ *** ]% of the aggregate of the Revolving Facility Commitment, the Tranche A Term Facility Commitment and the Tranche B Term Facility Commitment on Financial Close.
Establishment Fee. The Establishment Fee for the Account(s) for each trading symbol established on ▇▇▇▇▇▇’▇ system (“Symbol”) with respect to any Fund (i) that is effective under this Agreement and that is effective under a services agreement with Schwab (“Services Agreement”) shall be $1,000, or (ii) that is effective under this Agreement and is not effective under a Services Agreement shall be $2,000. Schwab shall not be entitled to the Establishment Fee for any Symbol that is established solely for the purpose of billing a new or different fee rate for the Fund, as may be set forth in a Services Agreement with Schwab. The Establishment Fee for each Fund shall be paid prior to establishment of the Account(s) for such Fund.
Establishment Fee. DP Administration Limited will charge a set-up fee of £500.00 + VAT for establishing a new Scheme. Such fee to include the provision of a draft Establishing Deed and Scheme Rules, and setting up registration details for the scheme on the HMRC Pension Schemes website. This fee is payable once the Scheme has been established. This fee does not apply to takeover SSASs.
Establishment Fee. The Facility Agent must pay each Bank (from the arrangement/underwriting fee paid pursuant to clause 10.2) an establishment fee upon first Utilisation of the Facility of an amount by reference to the terms set out in the Information Memorandum and the accompanying invitation letter from the Facility Agent to each Bank.
Establishment Fee. Once the Company obtains title to the Property, the Manager will be entitled to payment in one lump sum a fee of $1,043,000 plus GST in consideration for sourcing the Property, negotiating the Purchase Agreement, establishing the Company, arranging a loan from a bank for the purchase of the Property and providing associated services to the Company. This fee will be payable out of the Company Account.
Establishment Fee. The Borrower agrees to pay on the first Business Day after the date of this agreement, an establishment fee as set out in the Details.
Establishment Fee. The Borrower shall pay to the Administrative Agent for the account of the Lender an establishment fee of A$12,500 such fee to be paid on the date of this Agreement and not to be refundable to the Borrower in any event.
Establishment Fee. The annual establishment fee payable to the FDA with respect to the Product will be paid as set forth in the Three-Party Agreement.