Line Fees Sample Clauses
The Line Fees clause defines the charges or fees associated with the use or access of specific lines, such as communication, utility, or transportation lines, under an agreement. Typically, this clause outlines how fees are calculated—whether as a flat rate, per unit of usage, or based on another metric—and specifies the payment schedule and any conditions for fee adjustments. Its core practical function is to ensure both parties understand the cost structure related to line usage, thereby preventing disputes over unexpected charges and providing financial clarity.
Line Fees. (i) In consideration of the extension of the WCMA Line of Credit by MLBFS to Customer during the period from the Activation Date to the Initial Maturity Date, Customer has paid or shall pay the Line Fee to MLBFS. If the Line Fee has not heretofore been paid by Customer, Customer hereby authorizes MLBFS, at its option, to either cause the Line Fee to be paid on the Activation Date with a WCMA Loan, or invoice Customer for such Line Fee (in which event Customer shall pay said fee within 5 Business Days after receipt of such invoice). No delay in the Activation Date, howsoever caused, shall entitle Customer to any rebate or reduction in the Line Fee or to any extension of the Initial Maturity Date.
(ii) Customer shall pay an additional Line Fee for each Renewal Year. In connection therewith, Customer hereby authorizes MLBFS, at its option, to either cause each such additional Line Fee to be paid with a WCMA Loan on or at any time after the first Business Day of such Renewal Year or invoiced to Customer at such time (in which event Customer shall pay such Line Fee within 5 Business Days after receipt of such invoice). Each Line Fee shall be deemed fully earned by MLBFS on the date payable by Customer, and no termination of the WCMA Line of Credit, howsoever caused, shall entitle Customer to any rebate or refund of any portion of such Line Fee; provided, however, that if Customer shall terminate the WCMA Line of Credit not later than 5 Business Days after the receipt by Customer of notice from MLBFS of a renewal of the WCMA Line of Credit, Customer shall be entitled to a refund of any Line Fee charged by MLBFS for the ensuing Renewal Year.
Line Fees. In consideration of the extension of the WCMA Line of Credit by MLBFS to Customer during the period from the Activation Date to the Initial Maturity Date, Customer has paid or shall pay the Line Fee to MLBFS. If the Line Fee has not heretofore been paid by Customer, Customer hereby authorizes MLBFS, at its option, to either cause the Line Fee to be paid on the Activation Date with a WCMA Loan, or invoice Customer for such Line Fee (in which event Customer shall pay said fee within 5 Business Days after receipt of such invoice). No delay in the Activation Date, howsoever caused, shall entitle Customer to any rebate or reduction in the Line Fee or to any extension of the Initial Maturity Date.
Line Fees. (i) In consideration of the extension of the WCMA Line of Credit by MLBFS to Customer during the period from the Activation Date to and including the last day of August, 2003 (the "Initial Line Period"), Customer has paid or shall pay the initial Line Fee to MLBFS. If the initial Line Fee has not heretofore been paid by Customer, Customer hereby authorizes MLBFS, at its option, to either cause the initial Line Fee to be paid on the Activation Date with a WCMA Loan, or invoice Customer for such initial Line Fee (in which event Customer shall pay said fee within 5 Business Days after receipt of such invoice). No delay in the Activation Date, howsoever caused, shall entitle Customer to any rebate or reduction in the Line Fee or to any extension of the Initial Maturity Date.
Line Fees. In connection with the administration of the Loan, the Borrower shall pay to the Bank an annual line fee (“Line Fee”) in the amount set forth in Schedule 1.35.
Line Fees. In addition to the Software Licensing Fees, MCI will pay to Z-Tel fees in the amount of ******** per month for ********, ******** per month ********, and ******** per month for any additional lines ("Line Fees"). These Line Fees will be paid for all of MCI's end user customer lines, including residential and small business lines, provisioned to use MCI's LW-Based services and active for at least 14 days during a month, or being provided any service by MCI or its Affiliates that uses the Use License (as defined in Section 5.1), Off-Premises Software License, or Technology License, including the Z-Node Services. Unlike the Software Licensing Fees, the Line Fees will apply to all such lines regardless of location. For the avoidance of doubt, this Section does not survive termination of this Agreement other than during Z-Tel's performance under Section 7.2.3 of this Agreement, and, notwithstanding any other provision of this Agreement, Z-Tel shall have no obligation to provide any maintenance or support for any Z-Tel Technology or other Software provided under this Agreement after termination of this Agreement, other than as may be required under Section 7.2.3 of this Agreement.
Line Fees. (i) in consideration of the extension of the WCMA Line of Credit by MLBFS to Customer during the period from the Activation Date to the Initial Maturity Date, Customer has paid or shall pay the Line Fee to MLBFS. If the Line Fee has not heretofore been paid by Customer, Customer hereby authorizes MLBFS, at its option, to either cause the Line Fee to be paid on the Activation Date with a WCMA Loan, or invoice Customer for such Line Fee (in which event Customer shall pay said fee within 5 Business Days after receipt of such invoice). No delay in the Activation Date, howsoever caused, shall entitle Customer to any rebate or reduction in the Line Fee or to any extension of the Initial Maturity Date.
Line Fees. (i) In consideration of the extension of the WCMA Line of Credit by MLBFS to Customer during the period from November 30, 2005 to the Initial Maturity Date, Customer has paid or shall pay the Line Fee to MLBFS (provided that the Line Fee (A) for the period from November 30, 2005 to June 30, 2006 shall equal $8,750 and shall be due and payable on November 30, 2005 and (B) the Line Fee for the period from June 30, 2006 to the Initial Maturity Date shall be due and payable in advance on June 30, 2006, and each June 30 thereafter. If the Line Fee has not heretofore been paid by Customer, Customer hereby authorizes MLBFS, at its option, to either cause the Line Fee to be paid on November 30, 2005 with a WCMA Loan, or invoice Customer for such Line Fee (in which event Customer shall pay said fee within 5 Business Days after receipt of such invoice). No delay in the Activation Date, howsoever caused, shall entitle Customer to any rebate or reduction in the Line Fee or to any extension of the Initial Maturity Date.”
10. Section 2.3 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Line Fees