Monthly Retainer definition
Examples of Monthly Retainer in a sentence
Each Monthly Retainer shall initially be a credit against the fees provided for in Section 2(a) above for such calendar month and will be drawn by Consultant to satisfy such fees as the Services are provided.
In the event that a Monthly Retainer is not timely paid, Consultant may suspend performance for all Services until payment has been made in full.
In the event that the fees provided for in Section 2(a) above for such calendar month exceed the Monthly Retainer, Consultant shall include an itemized invoice of such fees, which shall be due and payable by Client to Consultant within 10 calendar days of Client’s receipt; provided, however, that Consultant shall have no obligation to provide any reconciliation or itemization related to fees that do not exceed the applicable Monthly Retainer unless otherwise set forth on the Statement of Work.
This Agreement may be terminated by either Party prior to expiration of the Term, with or without cause, by providing written notice to the other Party at least 10 days prior to the end of the calendar month for which the most recent Monthly Retainer has been, or should have been, paid pursuant to Section 2(c) above.
The Monthly Retainer (as defined in the SCA) shall be drawn down according to the Hourly Compensation set forth below.
The Monthly Retainer will not be deemed to have been depleted until after $11,111.12 worth of work in a given month has been performed by STXRA on behalf of CONDOR.
The Monthly Retainer amount does not include legal services for special matters, which are described below.
The Company shall pay the Monthly Retainer to ▇▇▇▇▇▇▇▇ on or before the 10th day of the calendar month immediately following the calendar month for which the Monthly Retainer is due.
Commencing with the month after an IPO is completed, the entire Monthly Retainer shall be due in advance on or prior to the first of each month.
The remaining [**] USD ($[**]) of the Monthly Retainer shall be deferred until completion of the Company’s planned NASDAQ Initial Public Offering (the “IPO”), at which time as such deferred amounts shall become immediately due and payable.