Retainer Amount definition
Examples of Retainer Amount in a sentence
All fees and expenses incurred shall first be paid from the Retainer Amount.
Out-of-pocket expenses (such as travel and long-distance telephone) will be billed and payable at the same time as the Monthly Retainer Amount.
Services will be billed to Client at the Service Rate and immediately applied against the Retainer Amount.
The Retainer Amount shall be set off against and credited toward the non-accountable expense reimbursements payable to the Managing Broker-Dealer.
Retainer (if applicable): In the event that a retainer is required, the Client shall provide an initial retainer amount of $(Insert Initial Retainer Amount) upon the execution of this Agreement.
On or prior to the date of this Agreement, the Client has delivered a retainer of $5,000 (the “Retainer Amount”) to the Placement Agent to be used for the payment of actual, accountable and reasonable out-of-pocket expenses incurred hereunder, which Retainer Amount shall be returned to the Client if expenses of at least the Retainer Amount are not actually incurred.
Within fifteen (15) days after the Closing, Seller shall provide Buyer with a statement which sets forth the amount equal to 50% of Seller's original cost of the Purchased Assets set forth in Section 2.1(h) (the "Computer Amount") and the amount of Unapplied Retainers as of the Closing Date (the "Retainer Amount"), together with reasonable documentation therefor.
The Retainer Amount will be applied against the Non Accountable Expenses Allowance, and the Placement Agent will be entitled only to the difference between them, if any.
Within five (5) days following the delivery of such statement, (a) if the Computer Amount is greater than the Retainer Amount, Buyer shall pay to Seller an amount equal to the amount by which the Computer Amount exceeds the Retainer Amount and (b) if the Retainer Amount is greater than the Computer Amount, Seller shall pay to Buyer an amount equal to the amount by which the Retainer Amount exceeds the Computer Amount.
If Client has agreed to pay a Retainer in a Contract Document, DataSync will immediately invoice to Client the Retainer Amount.