Transaction Services Fee Sample Clauses
The Transaction Services Fee clause defines the payment obligation for services rendered in connection with a specific transaction, such as a merger, acquisition, or financing event. Typically, this clause outlines the amount or method of calculating the fee, the timing of payment, and any conditions that must be met for the fee to become due, such as the successful closing of the transaction. Its core practical function is to ensure that the service provider is compensated for their role in facilitating the transaction, thereby clarifying financial expectations and reducing the risk of disputes over payment.
Transaction Services Fee. Unless exempted under the provisions of Sections 2.2. or 2.5., the Boston Bank shall pay a monthly Transaction Services Fee in accordance with the schedule listed in Appendix A, to the MPF Provider as compensation for the transaction processing services to be provided to the Boston Bank, all payments to be made by the MPF Provider debiting the Boston Bank’s Clearing Account. The Transaction Services Fee shall be calculated each month by multiplying (x) one-twelfth of the applicable annual rate by (y) the aggregate outstanding balance of the Boston Bank’s non-exempted Program Loans at the end of the previous month as reported by the Master Servicer. The rates shown in Appendix A are annual rates. The rates shown in Appendix A may be adjusted annually to reflect any increases in the fees charged to the MPF Provider by the Custodian or Master Servicer.
Transaction Services Fee. Each MPF Bank shall pay a monthly Transaction Services Fee to the MPF Provider as compensation for the Services to be provided to the MPF Bank. The rate and amount of the Transaction Services Fee shall be determined as set forth in the FHLB Guide.
Transaction Services Fee. (a) Commencing in February, 2004, the Boston Bank shall pay a monthly Transaction Services Fee to the MPF Provider as compensation for the transaction processing services to be provided to the Boston Bank, all payments to be made by the MPF Provider debiting the Boston Bank’s Clearing Account.
(b) The Transaction Services Fee shall be calculated each month by multiplying (x) one-twelfth of the applicable annual rate by (y) the aggregate outstanding balance of the Boston Bank’s retained interest in the Covered Loans at the end of the previous month as reported by the Master Servicer. The annual rate for the Transaction Services Fee applicable to a Covered Loan shall apply for the life of the loan.
(c) The annual rate applicable to Covered Loans acquired by the Boston Bank in 2004 and 2005 is 5 basis points (0.05%).
(d) For calendar year 2006 and subsequent years, the MPF Provider shall, on or before June 30, 2005, and each June 30 thereafter, inform the Boston Bank in writing of the annual rate for the Transaction Services Fee applicable to the Covered Loans that will be acquired by the Boston Bank during the next succeeding calendar year.
(e) It is understood that Program Loans purchased by the Boston Bank before January 1, 2004 will not be subject to a Transaction Services Fee for the life of such Program Loans.
(f) Notwithstanding clauses (c) and (d) above, if at any time the MPF Provider shall charge a lower Transaction Services Fee to any other Federal Home Loan Bank on the basis of volume discounts or otherwise, such lower fee shall be extended to the Boston Bank on the same terms and conditions.
Transaction Services Fee. (a) Commencing in May, 2006, the Pittsburgh Bank shall pay a monthly Transaction Services Fee to the MPF Provider as compensation for the transaction processing services, as outlined in this Agreement and more particularly described in the FHLB Guide, to be provided to the Pittsburgh Bank, all payments to be made by the MPF Provider debiting the Pittsburgh Bank’s Clearing Account.
Transaction Services Fee. Commencing September 1, 2007, the Boston Bank shall pay a monthly Transaction Services Fee to the MPF Provider as compensation for the Services to be provided to the Boston Bank. The rate and amount of the Transaction Services Fee shall be determined as set forth in Exhibit A attached hereto and made a part hereof.