Assignment Fees Clause Samples
The Assignment Fees clause establishes the requirement for payment of a fee when one party transfers its rights or obligations under the contract to another party. Typically, this clause specifies the amount or method for calculating the fee, and may outline when and how the fee must be paid, such as prior to the assignment being approved. Its core function is to compensate the non-assigning party for administrative costs or potential risks associated with the transfer, ensuring that assignments are not made lightly and that the original parties are protected from unforeseen burdens.
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Assignment Fees. 4.1. AGA Medical shall pay each Inventor a royalty of 3% of AGA Medical’s Net Sales of Products in the Territory.
4.2. No later than February 15 following the end of each Royalty Year hereunder, AGA Medical shall provide inventors with a written report itemizing the number of Products manufactured, the Net Sales price of the Products and a calculation of the royalties due to inventors for such Royalty Year. Simultaneously with making such report, ▇▇▇ Medical shall pay to inventors the amount of royalties then due.
4.3. AGA Medical shall have total discretion whether to seek or maintain patent protection for the Know-How or under the Patent Rights and whether to develop or market the Products. If AGA Medical has not sold any Products within three (3) years from the effective date of this Agreement, inventors may make a written request to AGA Medical to assign the invention back to the inventor. If AGA Medical has not sold any Products within one (1) year from such request inventors may terminate this Agreement by written notice to AGA Medical signed by all of the inventors. If inventors shall rightfully terminate this Agreement under section 5.2, AGA Medical shall assign the Patent Rights to inventors upon the inventors’ payment to AGA Medical of any government fees or attorneys’ fees, for securing maintaining and enforcing the Patent.
Assignment Fees. In the event Lessee shall assign or sublet the Premises then Lessee shall pay an assignment processing fee equal to $200.00 for each such request.
Assignment Fees. If OPY Credit Corp. elects to waive collection of any Assignment Fee from its client, OPY Credit Corp. agrees to pay to the Lender such Assignment Fee on the last Business Day of each month in respect of all Assignment Fees waived during such month. If no Assignment Fee is due and payable under the terms of the underlying credit agreement in respect of any trade arranged by OPY Credit Corp., OPY Credit Corp. shall not be liable to make a payment on account of an Assignment Fee in respect of such trade. The Assignment Fees shall be non-refundable.
Assignment Fees. Should Tenant request the consent of Landlord to an assignment of this Lease or of any of Tenant's rights thereunder and whether or not such consent is ultimately given by Landlord and/or any such assignment, subletting, occupancy or use is carried out, Tenant agrees to pay to Landlord's agent the sum of $500.00 for services plus expenses and to Landlord reasonable attorneys' fees incurred in connection with each such request. -------------------------------------------------------------------------------- 17 ARTICLE XII ----------- RIGHT OF ENTRY
Assignment Fees. (a) If the terms of any applicable underlying credit agreement in respect of which the Borrower is involved in a trade do not require payment of any Assignment Fee, no fee hereunder is chargeable to, or owed by, the Borrower in respect of such trade.
(b) Canadian Imperial Bank of Commerce (or its affiliate, as appropriate) shall waive any Assignment Fee that would otherwise be due and payable under the terms of any applicable underlying credit agreement in respect of any trade in which the Borrower is either buyer or seller, and the Borrower shall not be liable hereunder or thereunder to make any payment on account of an Assignment Fee in respect of such trade.
(c) If the Borrower requests Canadian Imperial Bank of Commerce (or its affiliate, as appropriate) to waive collection of any Assignment Fee that would otherwise be due and payable under the terms of any applicable underlying credit agreement in respect of any trade in which the Borrower is not buyer or seller, the Borrower shall pay to the Lender on the last Business Day of each month, an amount equal to all such Assignment Fees waived during such month. All amounts paid on account of such waived Assignment Fees shall be non-refundable.
Assignment Fees. There shall be no requirement for the payment of any fees to the Lessor in connection with any Leasehold Mortgage, Foreclosure or the immediate assignment after Foreclosure. The Lessor shall not require any credit review or impose any qualifying criteria on any such transfer.
Assignment Fees. The Administrative Agent shall (a) upon its receipt of an assignment agreement executed by an assigning ▇▇▇▇▇▇ and an Assignee, together with payment to the Administrative Agent of a registration and processing fee of $3,500 (unless such fee is waived by the Administrative Agent), promptly accept such Assignment; and (b) record the information into the Register on the Assignment Effective Date determined.
Assignment Fees. The total assignment fee for the entire project is RMB 30,000,000 Yuan.
Assignment Fees. In consideration for the Assignment/Assumption, Assignee shall issue to Assignor or its designee 9,000,000 shares of common stock of Assignee.
Assignment Fees. In consideration for the Assignment/Assumption, Assignee shall pay to Assignor Thirty Thousand Dollars ($30,000.00).