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 except as provided in Article IV, Section 10. For the avoidance of doubt, any initiation fee paid by a member in good standing of the Corporation prior to March 1, 2013, shall be deemed to be such member’s Membership Initiation Fee.
Sample 1
Membership Initiation Fee means the amount paid by an applicant to become a Member.
Sample 1Sample 2
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.
Sample 1

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.

  • 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.

  • For a Member to access the Tennis Facility, he or she must pay the applicable Tennis Membership Initiation Fee, if any, and the additional monthly dues or fees required of Tennis Members.

  • An Intermediate Member shall not be entitled to vote at any meeting of the Club.If an Intermediate member who has never held a Family Membership applies for a changeto Family Membership; one-half of his/her dues paid up to that time will be credited to the Family Membership Initiation Fee.

  • Club Membership Initiation Fee or Holiday Inn Club® Membership Initiation Fee means the one-time initiation fee payable to join the Club, if any.

  • Such new member, upon transfer of this Membership, shall pay the then-applicable Membership Initiation Fee and annual dues to the Corporation and the Charter Family Member shall receive a return of $365.00 in dues from the Corporation.

  • Full Golf Membership 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.

  • Notwithstanding the foregoing, any Membership Unit admitted to the Corporation before January 1, 2020 that has paid at least part of its Membership Initiation Fee, is current in Annual Dues and otherwise in good standing, shall be a Qualifying Membership Unit.

  • Corporate Golf Membership shall require the Member to pay the Corporate 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.

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 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.

  • 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).

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

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

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • 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).

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • 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 one or more of the Sponsors 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 any nonrefundable fee, which is paid by a tenant to a landlord or managing