Fee Credit Clause Samples

Fee Credit. Subject to the provisions of Section 10 hereof, the Advisor and any of its affiliates may advise other owners or prospective owners of assets in the Healthcare Sector (“Third Party Owners”) and earn fees for such efforts. In the event that a Third Party Owner contracts with the Advisor for the provision of advisory services the Advisor agrees to reduce the amount of fees charged to the Company, including Acquisition Fees, Financing Coordination Fees, Asset Management Fees, Property Management and Leasing Fees and Disposition Fees, as follows: (A) if the contractual fees to be paid by such Third Party Owners to the Advisor are, on a percentage basis, greater than or equal to 90% of the corresponding or analogous fees charged by the Advisor to the Company, the Advisor shall reduce the amount of fees charged to the Company under this Agreement by a dollar amount equal to 50% of the corresponding or analogous fees actually paid to the Advisor or its affiliates by such Third Party Owners; and (B) if the contractual fees to be paid by such Third Party Owners to the Advisor are, on a percentage basis, less than 90% of the corresponding or analogous fees charged by the Advisor to the Company, the Advisor shall reduce the amount of fees charged to the Company under this Agreement by a dollar amount equal to 25% of the corresponding or analogous fees actually paid to the Advisor or its affiliates by such Third Party Owners. On a quarterly basis, the Advisor shall provide to the Board of Directors with a summary of all fees charged to such Third Party Owners and shall reduce the amounts of the fees charged to the Company hereunder accordingly.

Fee Credit. Producer shall be entitled to a fee credit for each Dth of Dedicated Gas for which Services are provided under this Agreement and which is delivered for transportation under the FTS Agreements. For each FTS Credit Delivery Point set forth on Exhibit C, Producer shall receive a credit, to be set forth on the invoice delivered pursuant to Section 13.1, equal to the amount of fees actually paid (including any reservation fees, overrun fees or other amounts paid) under the FTS Agreements for transportation services afforded to the Dedicated Gas (as defined herein), and only the Dedicated Gas delivered to such FTS Credit Delivery Point pursuant to this Agreement.

Fee Credit. Within 15 days of the end of each month in which this Agreement is in effect, ▇▇▇▇▇ REF shall credit an amount of $166,667 against all earned but unpaid fees owed to ▇▇▇▇▇ REF under this Agreement, which amount represents a reduction in the monthly fees earned by ▇▇▇▇▇ REF pursuant to this Paragraph 4 during the term of this Agreement. Notwithstanding the foregoing, if this Agreement is in effect for less than a full month, the amount credited to the Company shall be prorated to account for the percentage of the month in which this Agreement was in effect.

Fee Credit. The fees will have a $100,000 annual credit applied to the total fees, which will be applied to the monthly invoice at a rate of $8,333.33. This will be applied for the duration of the Two-Year Term (as defined in the attached Amendment).

Fee Credit. During this AGREEMENT, ALLIANT shall disclose in writing any COMMISSIONS received by ALLIANT in connection with any insurance placements on behalf of VCTC (“VCTC PLACEMENTS”). The FEE for the operative PROGRAM year shall be reduced by the amount of any COMMISSIONS received by ALLIANT for VCTCPLACEMENTS made during that year. In the event such COMMISSIONS, plus FEES pre-paid by VCTC exceed the total FEE for the PROGRAM year, ALLIANT shall reimburse VCTC for the excess payment it made. Alternatively, at the VCTC’S request, any excess FEE paid by VCTC during a PROGRAM year may be carried forward and applied against any future FEE due to ALLIANT by VCTC during any subsequent periods that this AGREEMENT is in effect.

Fee Credit. If the permanent employee leaves or is terminated (other than a bona fide reduction in force due to prevailing business conditions, i.e., “layoffs”) within the first 90 days from the start of employment, FYI Dental Staffing shall credit a percentage of the fee paid by Client with respect to the placement of such employee toward a future placement in accordance with the schedule set forth below, and the recruitment process will be reactivated for a replacement candidate; provided, that if the permanent employee is hired after having worked for Client as a temporary employee and thereafter leaves or is terminated ( other than a layoff), Client shall not be entitled to any credit

Fee Credit. The Developer shall be entitled to the Transit Area Impact Fee credit shown on Exhibit B. The City acknowledges that Developer is a party to an agreement (“Cost Sharing Agreement”) pursuant to which specific, named benefitting property owners (“Other Benefitting Landowners”) will share in the cost of the Sewer 11A and 11B Improvements. Notwithstanding the foregoing, the Developer acknowledges that no provision of this Agreement shall constitute an allocation, freezing or setting of impact fees owed by any Other Benefitting Landowner under the development agreement provisions of Government Code section 65864 et seq. or the Mitigation Fee Act provisions of Government Code section 66000 et seq. The Other Benefitting Landowners shall receive Fee Credits as set forth in Exhibit B attached hereto, such that those benefitting projects shall receive a Fee Credit against Transit Area Impact fees imposed on their projects at the time of building permit. The City makes no representation that the credits assigned to specific properties constitute a proportional or fair allocation of Sewer 11A and 11B Improvement costs attributable to the developments contemplated by the Other Benefitting Landowners. Transit Area Impact fees may be increased at any time by the City, in accordance with applicable state law. All credits assigned under this Agreement shall be limited to a ten (10) year life span and may not be conveyed or transferred to parcels other than those listed in Exhibit B, unless approved or extended by the City at its sole discretion. All credits shall run with the land and may be used by successor property owners within the time limitations and other restrictions set forth herein. Notwithstanding anything to the contrary herein, in the event the sewer infrastructure component of the Transit Area Impact fee increases, based on City’s obligation to update the fee pursuant to Section 1 herein or otherwise, Developer and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall receive Fee Credits and/or construction in-lieu credits, on a dollar for dollar basis, against the sewer infrastructure component of the Transit Area Impact fee for the increased costs of Sewer 11A and 11B Improvements based on such parties providing for the funding and construction of Sewer 11A and 11B Improvements. The Fee Credit and/or construction in-lieu credit amount shall be adjusted in the same amount as any increase in the Transit Area Impact fee for the increased costs of Sewer 11A and 11B Improvements. City acknowle...