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Liability Reduction Fee definition

Liability Reduction Fee means the specified as such on the Details Page or Policies Page, being the optional daily fee payable for any selected Liability Reduction Option; “Liability Reduction Option” means any option offered by the Company from time to time for reducing the applicable Liability Fee, and includes ‘Liability Reduction A’, ‘Liability Reduction B’, ‘Cover One’ and ‘SVR Cover’ as detailed on our Website; “Loss” includes all losses, damages, outgoings, charges, penalties, fines, costs and expenses (including lawyers’ fees and expenses) of whatever description and whether present, unascertained, contingent or prospective and whether or not in the nature of consequential loss; “Material Fact” means any fact about you that had it been disclosed to us might reasonably be expected to have resulted in our refusing to enter into this Agreement; “Excess Kilometre Charge” means an amount charged per kilometre over the ‘kilometre allowance’ as specified in your rental agreement; “One Way Fee” means the fee specified as such on the Details Page or Policies Page as being the applicable fee for returning the Vehicle to an approved depot other than the Pickup Location; “Outback Fee” means the fee specified as such on the Details Page or Policies Page as being payable for using the Vehicle in any Outback Region, and in the absence of any other specification means the sum of $10 per day during the Total Term; “Outback Region” means any outback region or route specified on the Area of Use diagram appearing on the Details Page or Policies Page, and includes any region or route shaded in grey therein; “Permitted Area of Use” means the whole of Australia other than any Prohibited Area; “Pickup Location” means the premises from which you take Possession of the Vehicle on the Start Date or such other premises nominated as such on the Details Page or Policies Page; “Policies Page” means the policies page on our Website; “Possession” means any degree of possession and includes custody; “Prohibited Area” means any area identified as such in this Agreement or on our Policies Page; “Prohibited Area Fee” means the sum of $2,000, or any other sum describes as such on the Details Page or Policies Page; “Refuelling Fee” means a sum equal to the cost of refilling the Vehicle’s fuel tanks, plus a $20 administration fee; “Remote Location Fee” means the sum stated beside each location identified in the definition of ‘Remote Location’, or any other sum specified as such on the Details Page or Policies P...
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Liability Reduction Fee means the specified as such on the Details Page or Policies Page, being the daily fee payable for any selected Liability Reduction Option; “Liability Reduction Option” means any option offered by the Company from time to time for reducing the applicable Liability Fee, and includes ‘Liability Reduction 1’, ‘Liability Reduction B’, ‘Cover One’, ‘Cover Plus’ and ‘SVR Cover’ among others, as detailed on our Website; “Loss” includes all losses, damages, outgoings, charges, penalties, fines, costs and expenses (including lawyers’ fees and expenses) of whatever description and whether present, unascertained, contingent or prospective and whether or not in the nature of consequential loss;
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Liability Reduction Fee means the specified as such on the Details Page or Policies Page, being the optional daily fee payable for any selected Liability Reduction Option; “Liability Reduction Option” means any option offered by the Company from time to time for reducing the applicable Liability Fee, and includes ‘Liability Reduction A’, ‘Liability Reduction B’, ‘Cover One’ and ‘SVR Cover’ as detailed on our Website; “Loss” includes all losses, damages, outgoings, charges, penalties, fines, costs and expenses (including lawyers’ fees and
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Examples of Liability Reduction Fee in a sentence

  • If any amount is due to the Company or remains unpaid, including the Damage Excess payable or the cost of items not covered by the Liability Reduction Fee You selected, You authorise the Company to debit Your credit card with that amount within a reasonable time after the End of the Rental.

  • Cover One (Liability Reduction Fee) DOES NOT protect the hirer from all liability.


More Definitions of Liability Reduction Fee

Liability Reduction Fee. “ means the daily fee payable for any selected Liability Reduction Option; “Liability Reduction Option“ means any option offered by the Company from time to time for reducing the applicable Liability Fee, and includes ‘Cover One’, ‘Cover Plus’ and ‘SVR Cover’ among others. “Loss“ includes all losses, damages, outgoings, charges, penalties, fines, costs and expenses (including lawyers’ fees and expenses) of whatever description and whether present, unascertained, contingent or prospective and whether or not in the nature of consequential loss; “Material Fact“ means any fact about you that had it been disclosed to us might reasonably be expected to have resulted in our refusing to enter into this Agreement; “One Way Fee“ means the fee specified as such on the Details Page or Policies Page as being the applicable fee for returning the Vehicle to an approved depot other than the Pickup Location; “Permitted Area of Use“ means the whole of Australia other than any Prohibited Area; “Pickup Location“ means the premises from which you take Possession of the Vehicle on the Start Date or such other premises nominated as such on the Details Page or Policies Page; “Policies Page“ means the policies page on our Website and any relevant documents linked on said page; “Possession“ means any degree of possession and includes custody; “Prohibited Area“ means any area identified as such in this Agreement or on our Policies Page; “Prohibited Area Fee“ means the sum of $2,000, or any other sum describes as such
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Related to Liability Reduction Fee

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Reverse Termination Fee shall have the meaning specified in Section 9.3(b).

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

  • Liquidation Fee With respect to each Specially Serviced Loan as to which the Special Servicer receives a full or discounted pay-off (or unscheduled partial payment to the extent such prepayment is required by the Special Servicer as a condition to a workout or results from the Special Servicer’s collection and enforcement efforts) from the related Mortgagor, except as otherwise described below, with respect to any Mortgage Loan (or Serviced Whole Loan) repurchased or substituted as contemplated by Section 2.03 of this Agreement and/or any Specially Serviced Loan or any REO Property as to which the Special Servicer receives Liquidation Proceeds, Insurance Proceeds or Condemnation Proceeds, an amount calculated by the application of the applicable Liquidation Fee Rate to the related payment or proceeds (exclusive of any portion of such pay-off or proceeds that represents Penalty Charges); provided that, except as contemplated by the following provisos, no Liquidation Fee will be less than $25,000; provided, further, that the Liquidation Fee (which, if payable, shall, prior to the reduction in accordance with this proviso, be at least $25,000) with respect to any related Specially Serviced Loan or REO Property shall be reduced by the amount of any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to the Specially Serviced Loan or REO Property as described in the definition of “Excess Modification Fees” in this Agreement, but only to the extent those fees have not previously been deducted from a Workout Fee or Liquidation Fee; provided, further, that (a) the Liquidation Fee shall be zero with respect to any Mortgage Loan or Serviced Whole Loan or any Mortgaged Property purchased or repurchased pursuant to clauses (iii) through (v) of the first sentence of the definition of Liquidation Event (unless with respect to (A) clause (iii), the applicable Mortgage Loan Seller does not repurchase or substitute for such Mortgage Loan until after more than 180 days following its receipt of notice or discovery of a Material Breach or Material Document Defect, and (B) clause (v), the mezzanine loan holder or the Subordinate Companion Loan Holder does not purchase such Mortgage Loan or Serviced Whole Loan within 90 days of when the first purchase option first becomes exercisable under the related intercreditor agreement or Co-Lender Agreement, as applicable) or pursuant to clauses (ii) or (iv) of the second sentence of such definition (unless with respect to clause (iv), the mezzanine loan holder does not purchase such REO Property within 90 days of when the first purchase option first becomes exercisable) and (b) the Liquidation Fee with respect to each Mortgage Loan or REO Mortgage Loan repurchased or substituted for after more than 180 days following the Mortgage Loan Seller’s receipt of notice or discovery of a Material Breach or Material Document Defect shall be in an amount equal to the Liquidation Fee Rate of the outstanding principal balance of such Mortgage Loan or REO Mortgage Loan; provided, further, that if a Mortgage Loan or Serviced Whole Loan becomes a Specially Serviced Loan only because of an event described in clause (a)(ii) of the definition of “Specially Serviced Loan” regarding the related Mortgagor’s failure to make a Balloon Payment and the related Liquidation Proceeds are received within 90 days following the related maturity date in connection with the full and final pay-off of the related Mortgage Loan or Serviced Whole Loan, the Special Servicer will not be entitled to collect a Liquidation Fee, but may collect and retain appropriate fees from the related Mortgagor in connection with such liquidation.

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

  • FX Reduction Amount is defined in Section 2.1.3.

  • Origination Fee means any origination fee payable to the Department by the lender with respect to any Trust Student Loan.

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Application Fee means any nonrefundable fee, which is paid by a tenant to a landlord or managing

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof:

  • 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.

  • Distribution Fee means a percentage of MRP of each of the Subscribed Channels payable by SDSPL to the Licensee towards fee for distribution of each of the Subscribed Channels as more specifically specified in Annexure B and Annexure B-1 of this Agreement.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Funding Fee shall have the meaning specified in the Fee Letter.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Original Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Liquidation Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Origination Fees means the fee payable to the Advisor pursuant to Section 8.02 plus all other fees and commissions, excluding Acquisition Expenses, paid by any Person to any Person in connection with making or investing in any Loan by the Company.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

Most Referenced Clauses

Most Referenced Definitions