Disincentive Fee definition

Disincentive Fee means a financial disadvantage to the Vendor for failing to comply with the terms and conditions under the agreement, prior to HST;
Sample 1

Examples of Disincentive Fee in a sentence

  • If the violation requires the payment of a Disincentive Fee, said fee shall be paid by Concessionaire within thirty (30) Days after receipt of the notice.

  • The imposition of a Disincentive Fee shall not operate to limit or otherwise affect County's rights under this Agreement, or at law or in equity, for Concessionaire's breach of this Agreement, or as a limit on County's damages for any breach except for those enumerated below.

  • Concessionaire waives any and all challenges and legal defenses to the validity of any Disincentive Fee amounts, including that the Disincentive Fees are void as penalties.

  • Disincentive Fee – A disincentive fee of $5,000 per calendar day will be charged for each calendar day after November 15, 2007 that work as set forth above in Part a) is not complete and for each calendar day after July 1, 2008 that work as set forth above in Part b) is not complete.

  • None of the Parent's assets are treated as "tax-exempt use property" within the meaning of Section 168(h) of the Code.

  • The District will maintain an estimated balance of $200,000 ‐$500,000 in the Disincentive Fee Fund account to serve as the depository account and meet the science and research related expenses of the District.

  • The Disincentive Fee for Excessive Disincentive Fee Violation is one thousand dollars ($1,000.00) per occurrence.

  • Contractor acknowledges and agrees that the Disincentive Fees are fair and reasonable and waives any and all challenges and legal defenses to the validity of any Disincentive Fee, including that the Disincentive Fees are void as penalties.

  • The Disincentive Fee for lack of custodial presence or cell phone use is two hundred fifty dollars ($250.00) per occurrence.

  • What We Found NRC Inadvertently Modified the ITISS Contract Disincentive Fee NRC modified the ITISS disincentive fee from 5 percent to 2 percent, without recognizing or intending to do so.

Related to Disincentive Fee

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Subordinated Incentive Fee means the fee payable to the Advisor under certain circumstances if the Shares are Listed, as calculated in Section 8.07.

  • Performance Fee means the fee, if any, defined in the relevant Supplement.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Base Management Fee means the base management fee, calculated and payable quarterly in arrears, in an amount equal to one-fourth of 1.50% of the Company’s Equity.

  • Marketing Fee means the fees paid by Home Credit to Dealer/Provider to support the use of Home Credit’s Product;

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Base Fee means the amount of compensation mutually agreed upon for the completion of Basic Services.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Developer Fee means the fee earned by the Developer.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • Program Fee is defined in the Fee Letter.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Annual Fees means the annual fees charged by the Trustee for services provided as the trustee and paying agent under the Indenture.

  • Work-out Fee means a fee payable with respect to any Rehabilitated Mortgage Loan (other than any Non-Serviced Mortgage Loan), Serviced Companion Mortgage Loan or B Note, equal to the product of (x) 1.0% and (y) the amount of each collection of interest (other than default interest and any Excess Interest) and principal received (including any Condemnation Proceeds received and applied as a collection of such interest and principal) on such Mortgage Loan, Serviced Companion Mortgage Loan or B Note for so long as it remains a Rehabilitated Mortgage Loan.

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.