Remuneration Fee Sample Clauses

Remuneration Fee. Contractor shall become entitled to the Remuneration Fee and shall start charging the same to the Operating Account only after the Service Fees Eligibility Date. (a) For each Calendar Quarter, commencing with the Calendar Quarter following the Quarter in which the Service Fees Eligibility Date occurs, the Remuneration Fee shall be an amount equal to the product of the Remuneration Fee per Barrel applicable to such Quarter, multiplied by the Incremental Production applicable to such Quarter and subject to the performance adjustment in Article 19.5(e). (b) The Remuneration Fee per Barrel of Crude Oil applicable for all Calendar Quarters during any given Calendar Year shall be determined on the basis of the R-Factor calculated at the end of the preceding Calendar Year for the Field as follows:
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Remuneration Fee. The Contracted Individual/Company/Organisation shall receive a gross fee of € per hour worked for the services and partial services actually provided by them. All costs and rights of utilisation (No. 6) incurred in the execution of the present Contract, as well as any value added tax due, shall be deemed to be remunerated by the agreed fee. The fee shall fall due as soon as the Contracted Individual/Company/Organisation has provided the services and partial services. Payments shall be effected subsequent to verification of the service on the basis of invoices submitted by the Contracted Individual/Company/Organisation. The Client shall refund such travel expenses incurred as are necessary to perform the service designated as per No. 1 in accordance with the German Federal Travel Expenses Act (Bundesreisekostengesetz – BRKG), on submission of the travel expenses form completed by the Contracted Individual/Company/Organisation, as well as of corresponding original documents. No taxes, social security contributions or other insurance premiums shall be paid by the Client. The Contracted Individual/Company/Organisation shall be responsible for the timely payment of the taxes payable on the fee (particularly income tax) and social security payments.
Remuneration Fee. The remuneration fee represents the effective profit margin of the IOC. It may be expressed in the service contract as a lump sum amount (payable in instalments), or calculated on an agreed basis in association with the production of the project. In both cases, the fee (or the basis on which the fee is calculated) is pre-determined and based on assumptions regarding the level of production and the commodity price at the time the service contract is entered into. Accordingly, this means that the service contract, particularly those of longer duration, may result in sub-optimal outcomes for either or both parties if these underlying assumptions change. For example, in setting the remuneration fee, the IOC may be given an incentive to maintain production at or above certain levels. This may become problematic in market conditions of lower commodity prices and higher production costs, in which case the production targets effectively incentivise the IOC not to pursue the efficient outcome of reducing overall production. IOCs will also seek to ensure that if the host government enforces a right to curtail production under the service contract or otherwise imposes an obligation to reduce production, it will continue to be able to receive a minimum remuneration fee, notwithstanding reduced production levels.
Remuneration Fee. Mr/Ms ... shall receive upon delivery and acceptance of < the work> a flat fee in the amount of EUR ... gross (including any VAT), on which he/she must pay income tax. This shall serve as full compensation for all services and incidental costs (such as telephone and internet fees, office supplies etc.). Payments shall be made on the basis of the invoices from the Contractor after delivery and acceptance.
Remuneration Fee. Contractor shall start charging the Remuneration Fee to the Operating Account only from the date of First Commercial Production, in accordance with this Contract and the Accounting Procedure. For each Calendar Quarter, commencing with the Calendar Quarter following the Quarter in which the First Commercial Production occurs, the Remuneration Fee shall be an amount equal to the product of the Remuneration Fee per Barrel of Fuel Oil Equivalent applicable to such Quarter, multiplied by the Net Gas Production (also expressed in terms of Barrels of Fuel Oil Equivalent) applicable to such Quarter and subject to the performance adjustment in Article 9.5. The Remuneration Fee per Barrel of Fuel Oil Equivalent applicable for all Calendar Quarters during any given Calendar Year shall be determined on the basis of the R- Factor calculated at the end of the preceding Calendar Year for the Field as follows:
Remuneration Fee. Three different levels for project cooperation and consequently remuneration fee apply: a) One of the parties has gained a project partially based on the reference, competencies, expertise of the other party, without latter being directly involved in the project execution. In this case, the provision of this reference will be valued by up to 3% of the project budget for the passive partner. Details need to be negotiated case by case. b) One party will be subcontracted by another party. In this case, the subcontracted party will receive payment by daily fee rate as negotiated. c) The parties gained a project as consortium partners. In this case, the parties agree to implement a surplus-sharing finance arrangement for this programme. The pool from which the surplus shares will be distributed is independent of the management fee. For the management fee the leading consortium partner will keep 5% on all personnel fees.

Related to Remuneration Fee

  • 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.

  • Annual Fees The annual rental fee of a standard individual 12 x 14 plot is $40 per plot. Please note this rental fee is non-refundable and must be paid at the time of application. This fee is used to offset expenses associated with the Garden. Please make checks payable to Xxxxxx Township Recreation.

  • Consulting Fee The Company shall pay the consultant the sum of six thousand two hundred fifty dollars ($6,250) per month (prorated for any partial month), which shall be paid in arrears in two installments of three thousand one hundred twenty-five dollars ($3,125) each on the 15th and 30th day of each calendar month.

  • Initial Fee In consideration of the rights and licenses granted to Licensee under this Agreement, Licensee shall pay Licensor an initial fee of $500,000 within [***] after the Effective Date.

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • Consulting Fees The Consultant shall be entitled to $375 per hour, not to exceed $3,000 per day, of Service actually performed by the Consultant hereunder. The Consultant shall submit to the Company monthly statements, in a form satisfactory to the Company, detailing Services performed for the Company in the previous month. The Company shall pay to the Consultant consulting fees with respect to all Services actually performed and invoiced within 30 days after Company’s receipt of each monthly invoice.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Termination Fee; Expenses (a) In recognition of the efforts, expenses and other opportunities foregone by CenterState while structuring and pursuing the Merger, Charter shall pay to CenterState a termination fee equal to $14,485,624 (“Termination Fee”), by wire transfer of immediately available funds to an account specified by CenterState in the event of any of the following: (i) in the event CenterState terminates this Agreement pursuant to Section 7.01(g) or Charter terminates this Agreement pursuant to Section 7.01(h), Charter shall pay CenterState the Termination Fee within one (1) Business Day after receipt of CenterState’s notification of such termination; and (ii) in the event that after the date of this Agreement and prior to the termination of this Agreement, an Acquisition Proposal shall have been made known to senior management of Charter or has been made directly to its stockholders generally or any Person shall have publicly announced (and not withdrawn) an Acquisition Proposal with respect to Charter and (A) thereafter this Agreement is terminated (x) by either CenterState or Charter pursuant to Section 7.01(c) because the Requisite Charter Stockholder Approval shall not have been obtained or (y) by CenterState pursuant to Section 7.01(d) or Section 7.01(e) and (B) prior to the date that is twelve (12) months after the date of such termination, Charter enters into any agreement or consummates an Acquisition Transaction with respect to an Acquisition Proposal (whether or not the same Acquisition Proposal as that referred to above), then Charter shall, on the earlier of the date it enters into such agreement and the date of consummation of such Acquisition Transaction, pay CenterState the Termination Fee, provided, that for purposes of this Section 7.02(a)(ii), all references in the definition of Acquisition Transaction to “20%” shall instead refer to “50%.” (b) If CenterState or Charter terminates this Agreement pursuant to Section 7.01(b) and the denial of the applicable Regulatory Approval by the applicable Governmental Authority is caused solely by CenterState and its Subsidiaries, CenterState shall, on the date of termination, pay to Charter the sum of $2,000,000 (the “Reverse Termination Fee”). The Reverse Termination Fee shall be paid to Charter in same-day funds. (c) Charter and CenterState each agree that the agreements contained in this Section 7.02 are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, CenterState would not enter into this Agreement; accordingly, if Charter fails promptly to pay any amounts due under this Section 7.02, Charter shall pay interest on such amounts from the date payment of such amounts were due to the date of actual payment at the rate of interest equal to the sum of (i) the rate of interest published from time to time in The Wall Street Journal, Eastern Edition (or any successor publication thereto), designated therein as the prime rate on the date such payment was due, plus (ii) 200 basis points, together with the costs and expenses of CenterState (including reasonable legal fees and expenses) in connection with such suit. (d) Notwithstanding anything to the contrary set forth in this Agreement, the Parties agree that if a Party pays or causes to be paid to the other Party the Termination Fee in accordance with Section 7.02(a) or the Reverse Termination fee in accordance Section 7.02(b), as applicable, the Party paying such Termination Fee or Reverse Termination (or any successor in interest thereof) will not have any further obligations or liabilities to the other Party with respect to this Agreement or the transactions contemplated by this Agreement.

  • Monthly Fees ACS will xxxx Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • 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.

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