Fees and Payment of Fees a. Initially fees shall be charged in accordance with the schedule set forth in Exhibit A.
b. Servicer shall submit an invoice monthly to the Issuer, and the Issuer shall remit payment for services performed as shown on that invoice.
c. Payment is due within 30 days after receipt of the Billing Package. The Billing Package shall consist of an invoice, and supporting documentation. The Servicer shall be paid interest at a rate of prime + 2% per annum for fees not paid within sixty (60) days of the most recent Billing Package. This charge shall apply to each thirty (30) day period until the fee is paid. Prime rate will be the rate reported in the Wall Street Journal as of the last business day of the month in which the Billing Package was received.
d. The Servicer acknowledges that the Issuer shall be entitled to receive all payments of principal, interest, Special Allowance Payments and late charges received with respect to the Financed Student Loans and that the Servicer shall have no right to retain such amounts as payment of any fees due to the Servicer from the Issuer under the terms of this Master Servicing Agreement. The Issuer hereby authorizes the Servicer to assess, collect and retain any charges which the Issuer is permitted by law or regulation to assess with respect to not sufficient fund ("NSF") processing or other collection costs.
e. If other costs beyond the control of the Servicer shall increase, including, without limitation, postal rates, or the imposition of any tax or assessment not currently being charged against the fees of the Servicer, then the Servicer shall provide the Issuer with 90 days' prior written notice (and including supporting documentation) of such proposed increased costs and expenses. If the Issuer accepts such increased costs and expenses, the increased costs and expenses will go into effect at the end of such 90 day period. If the Issuer objects to such fee increase and the Servicer fails to agree to reduce or eliminate the increase in a manner satisfactory to the Issuer, then an early termination will occur and the Financed Student Loans will be deconverted at cost within 180 days of receipt of said notice. The Issuer shall not be permitted to so terminate this Master Servicing Agreement unless and until the Issuer shall have entered into another agreement similar to this with the Servicer or another Servicer satisfying the Rating Agency Confirmation.
f. If the Servicer's costs and expenses are increased due to chan...
Fees and Payment of Fees. 8.1. The Parents (and the Third Party if applicable) have full responsibility for the payment of any Fees applicable to the Pupil. The Parents also acknowledge that School Fees are payable in advance and that facilities exist for monthly payments. If the Parents are unclear about any of their financial obligations, Kearsney will on request provide a written explanation.
8.2. Any Fees or other amounts owing to Kearsney and not paid on or before due date will bear interest at the maximum rate of interest for incidental credit prescribed from time to time in terms of the National Credit Act, 2005 (“NCA”), or at such lesser rate as Kearsney determines from time to time in its sole discretion. Interest not paid to Kearsney by the last day of the month in respect of which such interest accrues will bear further interest at the same rate. In addition to interest Kearsney will be entitled to recover default administration costs and collection costs, as contemplated in the NCA, including legal costs on the attorney and client scale, and collection commission to the extent permitted by the NCA.
8.3. The Parents and if applicable, the Third Party, expressly accept liability for payment of the Additional Goods/Services and any interest accruing thereon, in accordance with clauses 8.1 and
Fees and Payment of Fees. 7.1. The Company agrees to pay Agent the following fees:
7.1.1. A one-time Premier Service Plan fee, as specified in Section 2.
7.1.2. A monthly fee to maintain computerized records of the Company in an orderly and accurate manner, and enable Agent to act as the Company’s transfer agent or registrar, or both.
7.1.3. The monthly fee associated with DTC’s FAST program.
7.2. These fees, as well as all other costs and fees for actions taken by Agent as the transfer agent of Company, are described in the Premier Services Plan, which is attached hereto as Exhibit A, and which is incorporated herein by this reference.
7.3. Agent’s fees may be increased in Agent’s sole discretion upon thirty (30) days written notice to the Company. The Company agrees to pay all amounts due to Agent under this Agreement within 30 days of billing. Company specifically agrees that Agent shall have a lien against all Company records to secure any amounts owed to Agent. In addition, Company specifically agrees that Agent may, at its option, refuse to make any transfers of Company’s securities until all past due amounts have been paid in full. The issuer acknowledges that its failure to pay transfer agency services is considered a material event to its shareholders, as it could substantially inhibit the liquidity of their security. The issuer therefore agrees that upon its delinquency of 90 days for failure to pay Island Stock Transfer for its transfer agency services, Island Stock Transfer may, in its sole discretion, notify the shareholders of the issuer’s delinquency. The issuer agrees to hold Island Stock Transfer harmless for such notification.
Fees and Payment of Fees. The Compliance Package monthly basic fee: $ . Additional fees are be defined in Appendix A. Payment terms for all fees due under this Agreement will be billed monthly, with payment due Net 10 days after the invoice date. If any part of any payment due is late, Dealership agrees to pay a late charge in the amount of 1.5% per month of the payment amount which is late, or if less, the maximum amount allowed by law. Any fees not paid when due may result in suspension of the Service.
Fees and Payment of Fees. Bank’s fees for use of the System and any services obtained by Customer by use of the System shall be assessed at Bank’s then current charge for such service as posted on Bank’s website (xxx.XXXXxxxxx.xxx), or as otherwise agreed between Bank and Customer. Bank’s fee schedule for such use and services may be amended by Bank from time to time upon 30 days prior notice posted on such website. Such fees shall be charged to Customer’s account designated in the most current Business Essential Online Authorization executed by Xxxxxxxx and accepted by Bank unless expressly stated otherwise in the Business Essential Online Agreement.
Fees and Payment of Fees. Customer agrees to pay the following fees:
a. Monthly Package Fee - $195.00 X Initial monthly fee due upon signing
Fees and Payment of Fees. 11.1 The payment of the Fees shall be made by the Commissioner to the Contractor within 30 days of the date of the Contractor’s invoice in respect of the Services which will be submitted to the Commissioner after the Contractor has completed performing the Services.
11.2 The Fees are to be calculated on the amount of time spent by the Contractor in performing the Services (in accordance with Specification) using the daily or hourly rate(s) specified in the Specification and in Schedule 3. The Contractor shall not be entitled to vary the daily or hourly rates during the existence of this Agreement. The Contractor may only implement new daily or hourly rates with the prior written agreement of the Commissioner.
11.3 Any proposed annual increases in the Fees shall be in line with the latest Consumer Price Index (CPI) as published at that date.
11.4 The Contractor shall not charge, and the Commissioner shall not be liable, for any expenses, charges, costs, fees except the Fees as set out in the Specification and as expressly agreed in writing by the Parties. The Contractor shall not apply a xxxx up to any third party costs which it passes onto the Commissioner.
11.5 Any travel and accommodation expenses claimed as part of the Fees as set out in the Specification must be within the limits set by the Commissioner’s internal guidelines on such expenses as amended from time to time.
11.6 If any of the Services have not been performed:
11.6.1 by the timescales specified in the Specification and dates or times subsequently agreed by the Parties;
11.6.2 in accordance with the standards agreed by the Parties, the Commissioner shall be entitled not to make any outstanding payments until the Services have been performed (or re-performed, at no charge to the Commissioner) in accordance with the standards agreed by the Parties. For the avoidance of doubt, where the Commissioner withholds payment under this clause 11.6, the Contractor shall not be relieved from the obligation to carry out any unperformed Services.
11.7 All amounts stated are exclusive of VAT which will be charged in addition at the rate in force at the time the Commissioner is required to make payment. VAT shall be shown separately on all invoices.
11.8 When making a payment the Commissioner shall quote relevant reference numbers and the invoice number.
11.9 Without prejudice to any other right or remedy it may have, the Commissioner reserves the right to set off any amount owing at any time to it by the C...
Fees and Payment of Fees. The Company agrees to pay fees as outlined in Exhibit A - Fee Schedule. GLBX's fees may be increased at GLBX's sole discretion upon thirty (30) days written notice to the Company. The Company agrees to pay all amounts due to GLBX under this-Agreement within 30 days of billing. Company specifically agrees that GLBX shall have a lien against all Company records to secure any amounts owed to GLBX. In addition, Company specifically agrees that GLBX may, at its option, refuse to make any transfers of Company's securities until all past due amounts have been paid in full. All invoices are Net 30 Days. A 1.5% per month, 18% per annum, service charge will be added on all past due amounts. Al collection/attorney fees incurred by GLBX will be bled accordingly.
Fees and Payment of Fees a. Initially the Servicer shall be entitled to a monthly fee equal to 1/12th of 0.40% of the ending principal balance of the Financed Student Loans, plus accrued interest thereon as of the last day of the immediately preceding Collection Period (the “Servicing Fee”). Notwithstanding the foregoing, 1. if at any time during the preceding Collection Period, the Net Loan Rate Restriction Period was applicable or any Auction Rate Notes accrued interest at the Maximum Rate, then the monthly fee paid on the Monthly Calculation Date following such Collection Period shall be equal to 1/12 of 0.25% of the ending Principal Balance of the Financed Student Loans, plus accrued interest thereon, during the preceding month.
Fees and Payment of Fees. 3.1 The fees payable by the Client for the Services shall be the quoted fees stated in SERIS’ quotation (the “Fees”). All amounts stated are exclusive of GST, which will be charged to the Client in addition to the Fees.
3.2 The payment of the Fees and GST shall be made by the Client to SERIS within thirty (30) days of the date of SERIS' invoice in respect of the Services or based on the payment terms stated in SERIS’ quotation.
3.3 If the Client does not make a payment by the date stated in an invoice or as otherwise provided for in the Agreement, SERIS shall be entitled to:
3.3.1 charge interest on the outstanding amount at the rate of 1% per month;
3.3.2 require the Client to pay, in advance, for any Services (or any part of the Services) which have not yet been performed;
3.3.3 not perform any further Services (or any part of the Services).
