Membership Initiation Fee definition

Membership Initiation Fee means the amount to be paid by a new Membership Unit as a prerequisite to admission to the Corporation, which shall be non- refundable. For the avoidance of doubt, any initiation fee paid by a member in good standing of the Corporation prior to April 1, 2010, shall be deemed to be such member’s Membership Initiation Fee.
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Membership Initiation Fee means the amount paid by an applicant to become a Member.
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Membership Initiation Fee means any advance deposit, activation fee, charge, or bill separate from the membership fee required by the electric mobility manufacturer to initiate a consumer’s use of an electric mobility manufacturer vehicle or receive any membership benefit.
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Examples of Membership Initiation Fee in a sentence

  • Weekday Golf Membership shall require the Member to pay the Weekday Golf Membership Initiation Fee upon joining the Club and to pay dues, range fees and food and beverage minimums as required under these Rules and Regulations for at least 12 months upon joining the Club.

  • In the event of a recall or return of Membership pursuant to these By-Laws, the receipt by a Member of the applicable repayment described herein shall constitute and be a full release by such Member of any and all liability claims, demands, actions or causes of action arising out of, or related to, its Membership with, use of, or the Membership Initiation Fee paid to the Club.

  • A Member may terminate its Membership and the Refundable Portion of the Membership Initiation Fee will be repaid to the Member by the Club (less any unpaid dues, fees, charges or other amounts owed to the Club by Member or its Designated User(s)) only under the conditions and circumstances described in the By-Laws.

  • If during the pendency of any request for termination of Membership and repayment of the Refundable Portion of the Membership Initiation Fee as herein above provided, the Member decides to revoke (or otherwise extend the effective date of) its request for termination of Membership, then it will be charged a fee in an amount that the Club deems appropriate.

  • A Member terminating its Membership prior to five(5) years after the Member had originally paid in full its Membership Initiation Fee is not entitled to a refund of any portion of its Membership Initiation Fee and must continue to pay annual dues pursuant to Article II B hereof.

  • Repayment of the Refundable Portion of the Membership Initiation Fee will be made (on the basis of first terminated, first reissued) only when all Memberships in the Club have been issued and an approved replacement Membership application has been received by the Club.

  • Otherwise, there shall be no right to repayment of the Refundable Portion of the Membership Initiation Fee.

  • To be entitled to the Refundable Portion of the Membership Initiation Fee, at least five (5) years must have elapsed since the Member had originally paid in full its Membership Initiation Fee.

  • Full Golf Memberships shall require the Member to pay the Full Golf Membership Initiation Fee upon joining the Club and to pay dues, range fees and food and beverage minimums as required under these Rules and Regulations for at least 12 months upon joining the Club.

  • In addition, the Club, in its discretion, may offset against the Refundable Portion of the Membership Initiation Fee, overdue fees and charges (including dues) owed by such Member (or its Designated User(s)) to the Club.

Related to Membership Initiation Fee

  • Initiation fee means a fee charged by us to you in order to create a credit facility for you;

  • Membership Fee means the membership fee which the Core Member (or, in case of juvenile, through his or her legal parent or legal guardian) shall remit to the Company for enrollment of the Membership, which is to be discussed more particularly in detail under Clause 5.1.

  • Membership Fees means the fees established pursuant to the By-Laws of the Union as the fees payable by the members of the Bargaining Unit, and shall not include any initiation fee, insurance premium, or any other levy.

  • Liquidation Fee The fee designated as such in, and payable to the Special Servicer in connection with certain events in respect of a Specially Serviced Mortgage Loan or an Administered REO Property pursuant to, Section 3.11(c).

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • Annual Membership Fee shall have the meaning specified in the Credit Card Agreement applicable to each Account for annual membership fees or similar terms.

  • 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.

  • Registration Fee means a fee other than the fee specified in a contract, which a personnel agency requires or accepts from a client prior to execution of a contract.

  • 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.

  • Disposition Fee shall have the meaning set forth in Section 8.03.

  • Transaction Fee means the fee, in respect of a Sub-Fund, which may be charged for the benefit of the Trustee, the Registrar and/or the Service Agent or the Conversion Agent (as the case may be) to each Participating Dealer on each Dealing Day upon which an Application has been or Applications have been made by the relevant Participating Dealer.

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

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

  • Subscription Fee means the Fees payable by IPTV Operator to ZEEL for availing the signals of Zee Group Channels on a monthly basis and calculated as “ZEEL’s Share of MRP” multiplied by average active subscribers for any given month.

  • Financing Coordination Fee means the fees payable to the Advisor pursuant to Section 10(e).

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

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

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

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

  • Introduction Fee means the fee payable by the Client to the Agency for an Introduction resulting in an Engagement;

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • 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.

  • Application Fee means the non-refundable fee required by Owner to process the Application. The Application Fee covers Owner’s time and expense in obtaining information about you such as checking your references and obtaining and reviewing your consumer report.  Administration Fee: “Administration Fee” is a one-time fee required by Owner. The Administration Fee includes items such as the preparation of this Lease Contract and related Documents, setting up your account ledger and other time, costs and expenses associated with the processing of this Lease Contract. The Administration Fee will be refunded to you ONLY if: i) an Exclusive Bed Space cannot be leased to you, ii) your Application is not approved by Owner, or iii) you withdraw your Application within 72 hours after signing the Application (pursuant to the terms of the Application). Otherwise, the Administration Fee shall be retained by Owner as liquidated damages, including but not limited to situations where you either: i) fail to sign this Lease Contract after approval by Owner, or ii) 72 or more hours have passed after your execution of the Application. You agree that Owner’s damages from your failure to sign the Lease Contract or attempted withdrawal of your Application are difficult to ascertain, and the Administration Fee is a reasonable estimate of those damages.  Common Areas: “Common Areas” are those areas located within the Unit that are not exclusively leased to other persons residing in the Unit.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Developer Fee means the fee earned by the Developer.

  • Initial Fee means any fee charged to initiate a contract