Monthly Maintenance Fee Clause Samples
The Monthly Maintenance Fee clause establishes a recurring charge that a customer or client must pay each month for ongoing services or account upkeep. Typically, this fee is automatically billed at regular intervals and may apply to services such as software subscriptions, bank accounts, or equipment leases. Its core practical function is to ensure the service provider receives consistent compensation for maintaining the service or account, helping to cover operational costs and incentivize continued support.
POPULAR SAMPLE Copied 17 times
Monthly Maintenance Fee. The Borrower hereby agrees to pay to Agent in arrears on the last Business Day of each calendar month, a monthly maintenance fee in the amount of $5,000 (collectively, the “Monthly Maintenance Fees”). The Borrower agrees that the Monthly Maintenance Fees shall be fully-earned when paid and shall not be refundable in whole or in part under any circumstances.
Monthly Maintenance Fee. The registrant may charge a periodic fee for account maintenance or other purposes, but only if the fee is reasonable for the services provided and does not exceed the lesser of 15 percent of the monthly payment amount or $75.
Monthly Maintenance Fee. Each month, T1 Payments shall deduct a service maintenance fee from the Merchant’s Operating Account, and is payable regardless of Merchant’s processing volume. This monthly service maintenance fee shall commence on the date the Merchant Services Application is approved, even if the Merchant’s account is not activated at the time of the application’s approval.
Monthly Maintenance Fee. The Contractor agrees to provide a ‘Monthly Maintenance Fee’ for the performance of preventive maintenance services and Minor Corrective Maintenance services. Preventive Maintenance and Minor Corrective Maintenance services are defined in Section 2.3 ‘Preventive Maintenance and Section 2.4 ‘
Monthly Maintenance Fee. Each month Borrower will pay Crestmark a monthly maintenance fee of FOUR-TENTHS OF ONE PERCENT (0.40%) of the monthly average principal balance of the Loan outstanding from the preceding month as a maintenance fee commencing on the tenth (10th) day of May, 2010 and continuing on the tenth (10th) day of each month thereafter until Borrower has no Indebtedness outstanding and this Agreement is terminated. Notwithstanding the foregoing, the foregoing maintenance fee will be a minimum of TWO-THOUSAND FIVE-HUNDRED DOLLARS AND NO/100 ($2,500.00) per month until this Agreement is terminated and Crestmark is repaid the Indebtedness in full, including any exit fee contained in the Note.
Monthly Maintenance Fee. Beginning ninety (90) days after your Checking Account is opened, a maintenance fee of $10.00 will be imposed and debited from your Checking Account every month if you do not either (A) deposit at least $6,000.00 into the Checking Account during that month or (B) maintain a Program Balance of least $35,000.00 at all times during that month.
Monthly Maintenance Fee. $10.00 per month beginning the 13th month after no activity.
Monthly Maintenance Fee. Commencing August 1, 2016, the Borrowers hereby agree to pay to Agent in arrears on the last Business Day of each calendar month, a monthly maintenance fee in the amount of $5,000 (which amount shall be increased to $15,000 commencing with the monthly maintenance fee payment required to be made on the last Business Day of the calendar month in which the Third Restatement Closing Date occurs) (collectively, the “Monthly [****] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED Maintenance Fees”). The Borrowers agree that the Monthly Maintenance Fees shall be fully-earned when paid and shall not be refundable in whole or in part under any circumstances. [****] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Monthly Maintenance Fee a. Direct Connection to Certegy [*]
b. Connection through processor [*]
Monthly Maintenance Fee. The Vendor agrees to pay a monthly maintenance fee of R500.00. This fee provides the Vendor with the flexibility and freedom to expand their online presence by listing and showcasing their entire range of offerings to our vast customer base. This package ensures Confidential that the Vendor can attract more customers and drive higher sales, positioning their brand for growth and success.