Periodic Fee Sample Clauses

Periodic Fee. The Sellers shall pay to Buyer in immediately available funds a non refundable fee due and owing upon closing and payable in arrears no later than the Price Differential Payment Date following the end of each calendar quarter, in the amount set forth in the fee schedule attached hereto as Annex II. Such payment shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at such account designated by Buyer. The Periodic Fee will be waived for any quarter in which any Affiliate of Buyer acts as sole lead underwriter for the securitization of the related Repurchase Asset. Upon any failure to enter into Transactions solely as a result of any of the events listed in Section 10(b)(8), no fee payable by the Sellers in accordance with this Section shall be due which is attributable to the period commencing on the date on which Buyer has ceased entering into Transactions hereunder up to but not including the earliest to occur of the Buyer (i) giving notice that the events in Section 10(b)(8) no longer exist and (ii) agreement or other evidence of agreement to enter into Transactions hereunder (including without limitation actually entering into Transactions hereunder) and (iii) the Termination Date.
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Periodic Fee. The Periodic Fee is due no later than the first day of the month and is payable by automatic debit from your bank or credit card account. In order to remain financially viable, Practice reserves the right to change its fees at any time with 30 days’ notice to you. The Periodic Fee for your membership is identified in the table below.
Sample 1
Periodic Fee. The Borrowers agree to pay a fee equal to 1/16% per annum of the Advance Limit, payable in arrears. This fee is due on May 2, 1998, and on the last day of each following fiscal quarter until the expiration of the availability period.
Sample 1
Periodic Fee. (FACILITY NO. 1) The Borrowers agree to pay (i) a fee in the amount of Five Thousand Eight Hundred Thirty-Three and 33/100 Dollars ($5,833.33) payable on or before the date of this Amendment covering the period from January 1, 1997 through July 31, 1997; and (ii) a fee in the amount of Ten Thousand Dollars ($10,000) payable on August 1, 1997 covering the period from August 1, 1997 through July 31, 1998.
Sample 1
Periodic Fee. 58 36. Periodic Due Diligence Review...........................................58 37. Authorizations..........................................................59
Sample 1
Periodic Fee. Seller shall pay to Buyer in immediately available funds a non-refundable fee due and owing upon closing and payable in arrears no later than the Price Differential Payment Date following the end of each calendar quarter, in the amount set forth in the fee schedule attached hereto as Annex II. Such Periodic Fee will be waived if, during such calendar quarter, Buyer or any of Buyer's Affiliates is named as lead or co-lead underwriter on any of Sellers' securitizations or if Sellers sell at least $100,000,000 of residential mortgage loans (other than pursuant to this Agreement) to Buyer or Buyer's Affiliates. Such payment shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at such account designated by Buyer.
Sample 1
Periodic Fee. The Borrowers agree to pay a fee in the amount of Forty Thousand and 00/100 Dollars ($40,000.00). This fee is due on the date of this Agreement, and on the same day of each following year until the expiration of the availability period.
Sample 1
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Periodic Fee. The Borrowers agree to pay a fee equal to 0.0625% per annum of the Advance Limit, payable in arrears. It is provided, however, that during any period when the Advance Limit exceeds Fifteen Million Dollars ($15,000,000), the Borrowers agree to pay a fee, payable in arrears, equal to 0.0625% per annum of that portion of the Advance Limit up to and including Fifteen Million Dollars ($15,000,000) and 0.15% per annum of that portion of the Advance Limit that exceeds Fifteen Million Dollars ($15,000,000). This fee was paid on July 31, 1998, and is next due on October 31, 1998, and thereafter on December 31, 1998. 2.5 In Paragraph 7.2, the first sentence is amended to read in its entirety as follows: To maintain on a consolidated basis tangible net worth equal to at least the amount indicated as of the last day of each fiscal period specified below: Period Amount ------ ------ 2nd fiscal quarter of $157,000,000 1998 fiscal year 3rd fiscal quarter of $160,000,000 1998 fiscal year
Sample 1

Related to Periodic Fee

  • Basic Fee One-twelfth of the annual Basic Fee Rate for a class shall be applied to the average of the net assets of the class of the Fund (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The resulting dollar amount comprises the monthly Basic Fee for the class.

  • Late Fee All overdue accrued and unpaid interest to be paid hereunder shall entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law (the “Late Fees”) which shall accrue daily from the date such interest is due hereunder through and including the date of actual payment in full.

  • Periodic Review The General Counsel shall periodically review the Procurement Integrity Procedures with OSC personnel in order to ascertain potential areas of exposure to improper influence and to adopt desirable revisions for more effective avoidance of improper influences.

  • Maintenance Fee The Maintenance Fee (SEE SCHEDULE - ACCUMULATION PERIOD) will be deducted during the Accumulation Period from the Account Value on each anniversary of the Account Effective Date and upon withdrawal of the entire Account.

  • Periodic Reviews During January of each year during the term hereof, the Board of Directors of the Company shall review Executive's Annual Salary, bonus, stock options, and additional benefits then being provided to Executive. Following each such review, the Company may in its discretion increase the Annual Salary, bonus, stock options, and benefits; however, the Company shall not decrease such items during the period Executive serves as an employee of the Company. Prior to November 30th of each year during the term hereof, the Board of Directors of the Company shall communicate in writing the results of such review to Executive.

  • Annual Fee As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

  • CONTRACT FEE An annual charge for administration expenses made on each contract anniversary prior to the Maturity Date.

  • Audit Fees The Borrower shall pay to the Administrative Agent for its own use and benefit charges for audits of the Collateral performed by the Administrative Agent or its agents or representatives in such amounts as the Administrative Agent may from time to time request (the Administrative Agent acknowledging and agreeing that such charges shall be computed in the same manner as it at the time customarily uses for the assessment of charges for similar collateral audits); provided, however, that in the absence of any Default and Event of Default, the Borrower shall not be required to pay the Administrative Agent for more than one such audit per calendar year.

  • Base Fee The Company shall pay to the Advisor a quarterly base fee (the “Base Fee”) payable in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to 0.70% per annum of the Total Market Capitalization of the Company, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, “Total Market Capitalization” shall be calculated on a quarterly basis as (i) the average of the volume-weighted average price per share of Ashford Prime’s common stock for each trading day of the preceding quarter multiplied by the average number of shares of Ashford Prime’s common stock outstanding during such quarter, on a fully-diluted basis (assuming all common units and long term incentive partnership units in the Operating Partnership which have achieved economic parity with common units in the Operating Partnership have been converted to common stock in the Company), plus (ii) the quarterly average of the aggregate principal amount of the Company’s consolidated indebtedness (including the Company’s proportionate share of debt of any entity that is not consolidated but excluding the Company’s joint venture partners’ proportionate share of consolidated debt), plus (iii) the quarterly average of the liquidation value of the Company’s outstanding preferred equity. The Minimum Base Fee for each quarter will be equal to the greater of (i) 90% of the Base Fee paid for the same quarter in the prior year and (ii) the G&A Ratio multiplied by the Company’s Total Market Capitalization. For purposes of this Agreement, the “G&A Ratio” will be calculated as the simple average of the ratios of total general and administrative expenses, less any non-cash expenses but including any dead deal costs, paid in the applicable quarter by each member of a select peer group set forth in Exhibit A (each, a “Peer Group Member” and collectively, the “Peer Group”), divided by the total enterprise value of such Peer Group Member (calculated in the same manner as the Company’s Total Market Capitalization). The G&A Ratio for each Peer Group Member will be calculated based on the financial information presented in such Peer Group Member’s Form 10-Q or 10-K periodic filings with the SEC following the end of each quarter. The Peer Group may be modified from time to time by mutual written agreement of the Advisor and a majority of the Independent Directors, negotiating in good faith. The Base Fee, as calculated above, shall be payable in arrears no later than the 15th day following the end of each quarter (i.e., one-fourth of 0.70% of the Total Market Capitalization of the Company). The Minimum Base Fee shall be calculated as soon as practicable following the end of the quarter, and to the extent the Minimum Base Fee exceeds the Base Fee paid to the Advisor with respect to any quarter, the Company will pay the Advisor the difference between Minimum Base Fee and the Base Fee within 5 business days of final calculation of the Minimum Base Fee. For purposes of payment of the Base Fee for a partial quarter relating to the first quarter in which this Agreement is effective or for the last quarter in which this Agreement is terminated, the Base Fee shall be calculated as 0.70% of the Total Market Capitalization of the Company, calculated using each trading day of such partial quarter prior to termination, multiplied by the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable. The Minimum Base Fee shall be similarly reduced proportionately based on the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable.

  • Usage Fee For all days on which the Aggregate Outstanding Credit Exposure exceeds 50% of the Aggregate Commitment, the Parent agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a usage fee at a per annum rate equal to the Applicable Fee Rate on the amount of the Aggregate Outstanding Credit Exposure from the date hereof to and including the Facility Termination Date, payable on each Payment Date hereafter, on each respective Commitment Maturity Date, and on the Facility Termination Date.

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