Payment of Fees; Computation of Fees Sample Clauses
The "Payment of Fees; Computation of Fees" clause defines how and when fees are calculated and paid under an agreement. It typically outlines the method for determining the amount owed, such as hourly rates, fixed fees, or milestone payments, and specifies the timing and process for making payments, including invoicing and acceptable payment methods. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment amounts or schedules.
Payment of Fees; Computation of Fees. All fees payable hereunder shall be paid on the dates due, in Dollars and immediately available funds, to the Administrative Agent for distribution, as applicable, to the Person or Persons entitled thereto. Fees paid shall not be refundable under any circumstances. All fees payable under paragraph (a) or (b) of this Section shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).