Holdback Fee. OCS s hall be entitled t o hold bac k t en per cent ( 10%) of I C's t otal c ompensation FOR DECLARED C ATASTROPHE C LAIMS to r eimburse O CS f or al l t ime and expense i ncurred b y O XX x xxxxx any claim as signed t o I C ha ve t o be r e-worked or r eopened f or r e-inspection and /or r e-adjustment w ithin ni nety ( 90) days af ter f ile c ompletion b y A djuster. S uch r eimbursement s hall n ot be limited t o t he am ount of holdback. A ll holdbacks not otherwise used to reimburse OCS as described above shall be paid to IC within one hundred twenty (120) days following the completion of the Assignment. Initial
Holdback Fee. OCS shall be entitled to hold back ten percent (10%) of IC's total compensation FOR DECLARED CATASTROPHE CLAIMS to reimburse OCS for all time and expense incurred by OCS should any claim assigned to IC have to be re-worked or reopened for re-inspection and/or re-adjustment within ninety (90) days after f ile completion by Adjuster. Such reimbursement shall not be limited to the amount of holdback. All holdbacks not otherwise used to reimburse OCS as described above shall be paid to IC within one hundred twenty (120) days following the completion of the Assignment. Initial
Holdback Fee. From the date hereof until the earlier of (i) the final disbursement of the Holdback Funds to Seller and (ii) June 30, 2015, Buyer shall pay to Seller a monthly fee (the “Holdback Fee”) equal to one-twelfth (1/12th) of the product of (x) eight and three-quarters percent (8.75%) and (y) one-half (1/2) of the Holdback Funds not then disbursed to Seller as of the last day of the applicable calendar month, with such amount equitably prorated for any partial month. The Holdback Fee shall be due and payable to Seller on or before the fifteenth (15th) day following the last day of the calendar month to which such Holdback Fee relates. The Holdback Fee shall be paid in immediately available funds pursuant to wiring instructions provided by Seller. Notwithstanding the foregoing, Buyer’s obligation to pay each installment of the Holdback Fee is hereby made contingent on Buyer’s receipt (or, if applicable, Buyer’s successor’s or assign’s receipt), as the landlord under the Hospital Lease, of all rent payable under the Hospital Lease with respect to the period to which such installment of the Holdback Fee relates.
Holdback Fee. Upon each reduction of the amount of the Holdback Reserve pursuant to Section 2.7 hereof, the Borrower shall pay to Lender, from the proceeds of the Advance made as a result of such reduction of the Holdback Reserve, the Holdback Fee applicable to such reduction.
