Examples of Retainer Fee in a sentence
If non-refundable, the Retainer Fee shall be credited against any Compensation owed to the Broker from the Buyer.
No refund will normally be made of the Licence Charges which include the Residence Fee and (where applicable) the Christmas Vacation Retainer Fee and Catering Licence Fee, except where a suitable replacement can be found to reside in the Accommodation.
Xxxxx agrees to pay “Compensation” to Broker as provided below as follows (complete all that apply): Percentage of the gross purchase price of Purchased Property: _______% Flat Fee: ________________________________________(dollars) Retainer Fee: (dollars) due to Broker upon execution of this Agreement, which shall be: Refundable: Non-Refundable: If not marked, the Retainer Fee shall be non-refundable and shall NOT be returned to Buyer.
If the University moves the Student other than due to the Student’s breach of this Agreement, the Student may terminate this Agreement on 28 days’ notice and the Student shall be entitled to a proportionate refund of any Licence charges which include the Residence Fee and (where applicable) the Christmas Vacation Retainer Fee and Catering Licence Fee, which have been paid in advance.
The Retainer Fee shall be applied against any commission earned by Brokerage Firm in a completed real property purchase transaction contemplated by this Agreement.