Opt-Out Fee Sample Clauses

Opt-Out Fee. If it exercises its early termination option, Client agrees to pay Producer an Opt-Out Fee equal to $500/video delivered by Producer from the inception of this Agreement until the end of the Four (4) Week Completion Period. Producer and Client agree that for purposes of this early termination option and the calculation of the Opt-Out Fee, they shall measure the Video delivery schedule in weekly increments for the first three months of the Term. Below are examples of the application of the Early Cancellation Fee and total Video delivery schedule under either early termination date in the Opt-Out Period. COOLFIRE STUDIOS – GLOBAL PERSONALIZED ACADEMICS VIDEO PRODUCTION AGREEMENT Schedule 2 (continued) Opt-Out Notice: September 18, 2015 Week / End Date Videos Delivered Cumulative Videos Weekly Fee (accrued) Cumulative Fees August 7, 2015 25 25 $ 13,250.00 $ 13,250.00 August 14, 2015 25 50 $ 13,250.00 $ 26,500.00 August 21, 2015 25 75 $ 13,250.00 $ 39,750.00 August 28, 2015 25 100 $ 13,250.00 $ 53,000.00 September 4, 2015 25 125 $ 13,250.00 $ 66,250.00 September 11, 2015 25 150 $ 13,250.00 $ 79,500.00 September 18, 2015 (Opt-Out Notice Given) 25 175 $ 13,250.00 $ 92,750.00 September 25, 2015 25 200 $ 13,250.00 $ 106,000.00 October 2, 2015 25 225 $ 13,250.00 $ 119,250.00 October 9, 2015 25 250 $ 13,250.00 $ 132,500.00 October 16, 2015 25 275 $ 13,250.00 $ 145,750.00 Opt-Out Fee (275 Videos x $500) $ 137,500 $ 283,250 TOTAL Payment Date Payment Amount Credit (if any) Amount Due Cumulative Payments July 2015 $ 50,000 (deposit) $ 50,000 August 1, 2015 $ 53,000 $ 103,000 September 1, 2015 $ 53,000 $156,000 October 1, 2015 $ 39,750 (3 weeks of Oct.) $ 195,750 October 30, 2015 $ 137,500 Opt Out Fee < $50,000> July Deposit $ 87,500 Total Payments $ 283,250 TOTAL COOLFIRE STUDIOS – GLOBAL PERSONALIZED ACADEMICS VIDEO PRODUCTION AGREEMENT Schedule 2 (continued) Opt-Out Notice: September 25, 2015 Week / End Date Videos Delivered Cumulative Videos Weekly Fee (accrued) Cumulative Fees August 7, 2015 25 25 $ 13,250.00 $ 13,250.00 August 14, 2015 25 50 $ 13,250.00 $ 26,500.00 August 21, 2015 25 75 $ 13,250.00 $ 39,750.00 August 28, 2015 25 100 $ 13,250.00 $ 53,000.00 September 4, 2015 25 125 $ 13,250.00 $ 66,250.00 September 11, 2015 25 150 $ 13,250.00 $ 79,500.00 September 18, 2015 25 175 $ 13,250.00 $ 92,750.00 September 25, 2015 (Opt-Out Notice Given) 25 200 $ 13,250.00 $ 106,000.00 October 2, 2015 25 225 $ 13,250.00 $ 119,250.00 October 9, 2015 25 250 $ 13,250.00 $ 132,5...
Sample 1
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Opt-Out Fee. Notwithstanding the forgoing, Users may opt-out of the obligation outlined in this section 13 if Users agree to pay an opt-out fee (the “Opt-Out Fee”) [provided, however, that Users will not be required to pay the Opt-Out fee in verifiable situations where a former Student is employed or otherwise hired by a Company post-graduation]. In addition to any other fees owed to Outern or fees to which Outern is entitled, the Opt-Out fee shall be the lesser of: (1) $500; or (2) 10% of the anticipated annualized wages or salary that will be paid by a Company to a Student. If Outern determines, in its sole discretion, that Users have violated this section, the Non-Circumvention Window, or have failed to pay the Opt-Out Fee, Outern reserves the right to charge the appropriate Company’s payment method the Opt-Out Fee, close User accounts and delete the User profiles, or both.
Sample 1
Opt-Out Fee. Upon exercise of the opt-out option, Licensee shall be subject to an opt-out fee of ten percent (10%) of the then current year’s License Fee (plus all applicable local taxes) provided that IEEE received notice of exercise of the opt-out option within sixty (60) days prior to the Start Date of any subsequent Renewal Term. Payment of the opt-out fee must be made within thirty (30) days of exercising the opt-out option.
Sample 1

Related to Opt-Out Fee

  • Exit Fee In the event that the Borrower prepays, repays, replaces or refinances all or any portion of the Loans pursuant to Sections 2.8(a) or 2.8(b)(i), (ii), or (iv) or otherwise effectuates a prepayment, repayment, replacement or refinancing of all or any portion of the Loans under this Agreement, the Borrower shall pay to the Administrative Agent, for the ratable account of each of the Lenders, an exit fee of (x) 0.00% of the aggregate principal amount of the Loans so prepaid, repaid, refinanced or replaced prior to the first anniversary of the Effective Date, (y) 2.00% of the aggregate principal amount of the Loans so prepaid, repaid, refinanced or replaced on or after the first anniversary of the Effective Date but prior to the second anniversary of the Effective Date or (z) 4.00% of the aggregate principal amount of the Loans so prepaid, repaid, refinanced or replaced on or after the second anniversary of the Effective Date but prior to the third anniversary of the Effective Date. It is agreed, for the avoidance of doubt, that no exit fee shall be payable until after the first anniversary of the Effective Date. All such amounts payable pursuant to this Section 2.8(c) shall be due and payable on the date of the applicable prepayment, repayment or refinancing. For purposes of this Section 2.8(c), a prepayment pursuant to Section 2.8(a) shall include any prepayment or repayment as a result of the occurrence of any Event of Default (including as a result of any acceleration of any Loan and/or the occurrence of any Event of Default upon any bankruptcy, insolvency or similar proceeding under any Debtor Relief Law), the foreclosure or enforcement of any Lien on, or sale of, any Collateral pursuant to any Loan Document (including in any bankruptcy, insolvency or similar proceeding under any Debtor Relief Law) or the repricing, restructuring, reorganization or compromise of any Loan in connection with the confirmation of a plan of reorganization or any other plan of compromise, restructuring or arrangement in any bankruptcy, insolvency or similar proceeding under any Debtor Relief Law.

  • Break-Up Fee (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer a break-up fee equal to $615,000 (“Break-Up Fee”), by wire transfer of immediately available funds to an account specified by Buyer in the event of any of the following: (i) Buyer terminates this Agreement pursuant to Section 8.01(g) or Company terminates this Agreement pursuant to Section 8.01(h), Company shall pay Buyer the Break-Up Fee within two (2) Business Days after receipt of Buyer’s notification of such termination; and (ii) after the date of this Agreement and prior to the termination of this Agreement (or prior to the Company Meeting in the case of a termination pursuant to Section 8.01(c), an Acquisition Proposal shall have been made known to the Company Board or senior management of Company or has been made directly to its shareholders generally (and not withdrawn) or any Person shall have publicly announced (and not withdrawn) an Acquisition Proposal with respect to Company and (A) thereafter this Agreement is terminated by either Buyer or Company pursuant to Section 8.01(c) or Section 8.01(f) (without the Requisite Company Shareholder Approval having been obtained) or if this Agreement is terminated by Buyer pursuant to Section 8.01(e) as a result of willful and intentional breach of a covenant by Company, and (B) prior to the date that is twelve (12) months after the date of such termination, Company enters into any agreement to consummate, or consummates, an Acquisition Transaction (whether or not the same Acquisition Transaction which was the subject of the foregoing Acquisition Proposal)), then Company shall, on the earlier of the date it enters into such agreement or the date of consummation of such transaction, pay Buyer the Break-Up Fee, provided, that for purposes of this Section 8.02(a), all references in the definition of Acquisition Transaction to “15%” shall instead refer to “50%”.

  • Distribution Fee In addition to the Service Fee, the Trust, on behalf of the Series, will pay to the Distributor a fee (the "Distribution Fee") at an annual rate of 0.75% (unless reduced as contemplated by and permitted pursuant to the next sentence hereof) of the Series' average daily net assets attributable to the Class B shares in consideration of the services rendered in connection with the sale of such shares by the Distributor. The Trust will not terminate the Distribution Fee in respect of Series assets attributable to Class B shares, or pay such fee at an annual rate of less than 0.75% of the Series' average daily net assets attributable to the Class B shares, unless it has ceased, and not resumed, paying the Service Fee (or any other fee that constitutes a "service fee" as defined in the NASD Rule) to CDC IXIS Distributors (or to any affiliate of CDC IXIS Distributors, or to any other person in circumstances where substantially all of the services and functions relating to the distribution of Class B shares of the Series have been delegated to, or are being performed by, CDC IXIS Distributors or an affiliate of CDC IXIS Distributors). Subject to such restriction and subject to the provisions of Section 7 hereof, the Distribution Fee shall be as approved from time to time by (a) the Trustees of the Trust and (b) the Independent Trustees of the Trust. The Distribution Fee shall be accrued daily and paid monthly or at such other intervals as the Trustees shall determine. The obligation of the Series to pay the Distribution Fee shall terminate upon the termination of this Plan or the relevant distribution agreement between the Distributor and the Trust relating to the Series, in accordance with the terms hereof or thereof, but until any such termination shall not be subject to any dispute, offset, counterclaim or defense whatsoever (it being understood that nothing in this sentence shall be deemed a waiver by the Trust or the Series of its right separately to pursue any claims it may have against the Distributor and enforce such claims against any assets of the Distributor (other than its right to be paid the Distribution Fee and to be paid contingent deferred sales charges)). The right of CDC IXIS Distributors to receive the Distribution Fee (but not the relevant distribution agreement or CDC IXIS Distributor's obligations thereunder) may be transferred by CDC IXIS Distributors in order to raise funds which may be useful or necessary to perform its duties as principal underwriter, and any such transfer shall be effective upon written notice from CDC IXIS Distributors to the Trust. In connection with the foregoing, the Series is authorized to pay all or part of the Distribution Fee directly to such transferee as directed by CDC IXIS Distributors. The Distributor may pay all or any portion of the Distribution Fee to securities dealers or other organizations (including, but not limited to, any affiliate of the Distributor) as commissions, asset-based sales charges or other compensation with respect to the sale of Class B shares of the Series, and may retain all or any portion of the Distribution Fee as compensation for the Distributor's services as principal underwriter of the Class B shares of the Series. All payments under this Section 2 are intended to qualify as "asset-based sales charges" as defined in the NASD Rule.

  • Up-Front Fee The Borrowers shall pay to the Agent an up-front fee in the amount and at the times agreed in a Fee Letter.

  • Development Fee The fee for the packaging of a Company Property, including negotiating and approving plans and assisting in obtaining zoning and necessary variances and financing for a specific Company Property to be developed or under development, either initially or at a later date.

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

  • Utilization Fee If the aggregate outstanding amount of (i) all Revolving Credit Advances hereunder and (ii) all "Revolving Credit Advances" under (and as defined in) the Three-Year Agreement exceeds thirty-three percent (33%) of the aggregate amount of (x) all Commitments hereunder and (y) all "Commitments" under (and as defined in) the Three-Year Agreement then in effect on such date (or, if any of the Commitments or "Commitments" have been terminated, the aggregate amount of all Commitments and "Commitments" in effect immediately prior to such termination), the Borrower will pay to the Agent for the ratable benefit of the Lenders a utilization fee (the "Utilization Fee") at a per annum rate equal to the Applicable Utilization Fee Rate in effect from time to time payable on the aggregate outstanding amount of all Revolving Credit Advances on such date, payable in arrears quarterly on the last day of each March, June, September and December, and on the Revolver Termination Date.

  • Royalty Fee The Licensee agrees to pay AmericaTowne a monthly fee equal to 7.5% of its Gross Retail Sales (the "Royalty Fee").

  • Cash Distribution Fee by any Holder of ADSs, a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of cash dividends or other cash distributions (e.g., upon a sale of rights and other entitlements);

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