Common use of Administration Fees Clause in Contracts

Administration Fees. i. Each State Fiscal Year quarter, Contractor shall calculate an Administration Fee equal to 1% of the total sales made under Orders during that State Fiscal Year quarter. Contractor shall pay the State the Administration Fee for each State Fiscal Year quarter within 45 days following the end of that State Fiscal Year quarter. ii. Contractor shall remit all administrative fees to the State’s contact identified in §17, and with the payee as “State of Colorado”.

Administration Fees. i. Each State Fiscal Year quarter, Contractor shall calculate an Administration Fee equal to 1% of the total sales made under Orders during that State Fiscal Year quarter. Contractor shall pay the State the Administration Fee for each State Fiscal Year quarter within 45 days following the end of that State Fiscal Year quarter. ii. Contractor shall remit all administrative fees feeds to the State’s contact identified in §17, and with the payee as “State of Colorado”.