Quarterly Fee Sample Clauses
The Quarterly Fee clause establishes the requirement for payment of fees on a quarterly basis throughout the term of an agreement. Typically, this means that the party responsible for payment must remit the agreed-upon fee every three months, often at the start or end of each quarter, and the amount may be fixed or based on usage or performance metrics. This clause ensures predictable, regular compensation for services or access, and helps both parties manage cash flow and budgeting by clearly defining the timing and frequency of payments.
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Quarterly Fee. No later than the fifth business day after the end of each fiscal quarter of the Company, the New Gates Parties (or an affiliated designee) will pay to BMP (or an affiliated designee) an amount equal to the Applicable Quarterly Fee in respect of such quarter just ended. The “Applicable Quarterly Fee” is the current fee generally charged in this regard with respect to Blackstone’s portfolio companies generally.
Quarterly Fee. The Company will pay to ------------- Blockbuster or any agent designated by Blockbuster a quarterly fee equal to the actual costs, fees, expenses and reimbursements of the services provided, and a fair and reasonable allocation of overhead, during the preceding calendar quarter. In the case of overhead, such cost shall be determined by allocating an appropriate percentage of Blockbuster's and Blockbuster Entities' overhead to the Company. Without limiting the generality of the foregoing, such costs shall include, without limitation:
(i) Salaries of any of the Company's officers who are officers or employees of Blockbuster or any Blockbuster Entity and other employees of Blockbuster or Blockbuster Entities who provide services to the Company (collectively, "Blockbuster Employees"), and the cost of employee benefit and bonus programs and other employee costs for the Blockbuster Employees. With respect to any Blockbuster Employee who does not provide full-time services to the Company, the costs of such salary, employee benefits and bonus programs, and other employee costs, will be pro rated according to a reasonable estimate of the amount of time such Blockbuster Employee spends on the Company's business in relation to the amount of time such person spends on all matters for Blockbuster or a Blockbuster Entity and its affiliates, including the Company;
(ii) Travel and entertainment expenses of Blockbuster Employees, which are incurred in the course of providing services to the Company under this Agreement;
(iii) The actual cost of any third party services, such as law firms, engineering firms, public relations firms, consultants and accountants, as well as other fees, charges, taxes (excluding any taxes on Blockbuster's compensation under this Agreement) and dues paid for by Blockbuster or any Blockbuster Entity in the performance of this Agreement; and
(iv) Miscellaneous fees and expenses, including a fair and reasonable allocation of overhead, incurred by Blockbuster and any Blockbuster Entity and any agents thereof in providing services to the Company under this Agreement. Overhead, includes, but is not limited to, the cost of office space, furniture, computer systems, software and equipment, supplies, postage, utilities, telephone, other equipment, freight and handling, maintenance and taxes.
Quarterly Fee. The BORROWER shall pay to the LENDER a quarterly fee equal to one-quarter of one percent (.25%) per annum of the principal balance of the LOAN as of the end of each fiscal quarter of the COMPANIES in which the FIXED CHARGE COVERAGE of the COMPANIES for the immediately preceding four fiscal quarters is less than 1.25. Such quarterly fee is payable on the same date the certificate described in Section 5.13.c. is required to be delivered to the LENDER.
Quarterly Fee. The Information Vendor has to pay a fee on a quarterly basis and a minimum of *** per quarter will be charged if the total quarterly fee incurred is less than ***. - The services of per device, per user ID and per channel are calculated on the average number of each month-end in the quarter, while the service of per quote is calculated on the accumulated number of quotes in the quarter. - When the services of both per user ID and per website are used together, the Information Vendor is only required to pay the higher of per user ID or per website. - Information Vendor should keep at least 3-years' record of the number of devices. The Company reserves the right to audit such materials at any time.
Quarterly Fee. The amount and conditions of the respective fees will be those approved by the Club at any given time and will be published on its website. Payments must be made by direct debit. However, the Club reserves the right to accept payment by bank transfer or credit card. Verified payments are non-refundable. Non-use of the facilities does not exempt from the obligation to pay. In any case, the payment of dues or memberships shall be made in a single payment. The Club reserves the right to introduce new dues or membership categories or to modify existing ones. In any case, the amount of the fees DOES include VAT, which will bein force at all times. The amount of the fees may be updated according to the CPI annually, as of January 1 of each year with rounding to the nearest cent.
Quarterly Fee. The Company agrees to pay to Olympus as compensation for services rendered by Olympus hereunder, a quarterly fee equal to $125,000, payable quarterly in arrears on the last day of each quarter, commencing on June 30, 2003; provided that Olympus may increase the quarterly fee to $150,000 per quarter upon 10 days’ prior written notice to the Company.
Quarterly Fee. On the first day of each calendar quarter following the Effective Date, Borrower shall pay to Administrative Agent for the account of Lenders the quarterly fee as previously agreed to by Borrower and Administrative Agent, and Administrative Agent shall pay to each Lender, based on each Lender's Aggregate Commitment, a non-refundable Quarterly Fee, which shall be deemed fully earned on the date paid, and which shall be paid as follows: in amount equal to 55% of the following, payable in eight equal installments, beginning with October 1, 2001: (i) .25% on the amount of a Lender's Aggregate Commitment if such Aggregate Commitment is less than $25,000,000, (ii) .35% on the amount of a Lender's Aggregate Commitment if such Aggregate Commitment is equal to or greater than $25,000,000 but less than $50,000,000, and (iii) .50% on the amount of a Lender's Aggregate Commitment if such Aggregate Commitment is equal to or greater than $50,000,000. Each Quarterly Fee, once due, is not refundable under any circumstance.
Quarterly Fee. In consideration of the ongoing management and other advisory services to be provided by the Advisor to the Company and any other member of the Company Group under this Agreement, the Advisor shall be entitled to a quarterly fee in cash in an amount equal to 0.25% of the total amount invested by the Investor in the Company as of the date of payment. The Company shall (or shall cause one of its subsidiaries to) promptly pay, to the extent permissible under the Company’s financing arrangements or, in the case of a subsidiary, such subsidiary’s financing arrangements (and to the extent not permissible, such amounts shall continue to accrue and accumulate in accordance with Section 2(c)), the quarterly fees on each January 1, April 1, July 1 and October 1 (or the next business day thereof if such date is not a business day) throughout the duration of this Agreement, with the balance of the accrued but unpaid quarterly fees to be paid upon the termination of this Agreement.
Quarterly Fee. The Company agrees to pay to the Administrative Agent, for its own account and for the account of all Lenders, a quarterly fee based on the Aggregate Commitments of the Sixth Amendment, calculated based on each Lenders’ Commitment and allocated by the Administrative Agent, in the following amounts due on the following dates: 100 basis points March 31, 2003 100 basis points June 30, 2003 200 basis points September 30, 2003 200 basis points December 31, 2003”
(iii) Section 6.06(b) of the Credit Agreement is amended by deleting from such Section the words “Sections 6.11, 6.12 and 6.13” and inserting in lieu thereof the words “Sections 6.11 and 6.12”.
(iv) Section 6.11 of the Credit Agreement is amended by deleting such Section in its entirety and inserting in lieu thereof the following:
Quarterly Fee. In consideration of the services to be rendered under this Agreement, and provided Director is not an employee of the Company, Company shall pay Director an quarterly fee at the rate of $15,000.00 per quarter, which shall be paid in accordance with Company’s regularly established practices regarding the payment of Directors’ fees, which may include the issuance of options to purchase the Company’s common stock in lieu of cash payment.
