Common use of SEC Fees Clause in Contracts

SEC Fees. 5.1 The Authorised Entity acknowledges the provisions of Clause 27 of the Framework Agreement. In particular, the Authorised Entity acknowledges and agrees that pursuant to Clause 27 of the Framework Agreement the Client is entitled to receive from Service Providers the SEC Fees payable in respect of Call Off Contracts awarded to the Service Providers under the Framework Agreement, and may collect these fees out of monies received by the Service Providers from the Authorised Entity under Call Off Contracts.

SEC Fees. 5.1 The Authorised Entity acknowledges the provisions of Clause 27 26 of the Framework Agreement. In particular, the Authorised Entity acknowledges and agrees that pursuant to Clause 27 26 of the Framework Agreement the Client is entitled to receive from Service Providers the SEC Fees payable in respect of Call Off Contracts awarded to the Service Providers under the Framework Agreement, and may collect these fees out of monies received by the Service Providers from the Authorised Entity under Call Off Contracts.