Commissions and Costs Clause Samples
The "Commissions and Costs" clause defines how commissions, fees, and other related expenses are handled between the parties in a contract. It typically outlines which party is responsible for paying specific costs, such as brokerage fees, transaction charges, or third-party service expenses, and may specify the timing and method of payment. By clearly allocating financial responsibilities, this clause helps prevent disputes over unexpected costs and ensures transparency in the financial arrangements of the agreement.
Commissions and Costs. 6.1. You agree to pay us the commissions, costs and other charges (hereinafter collectively referred to as the “Costs”) as set out in our website Contract Specifications which shall apply to you unless we expressly advise you otherwise.
6.2. We may vary the Costs from time to time without notice to you but place, instead, a relevant announcement in the News section of our website and update the website Contract Specifications accordingly.
6.3. When providing Services to you, we may pay or receive fees, commissions or other benefits from third parties, and we are not obliged to report or disclose these to you unless this Agreement may expressly provide for the contrary.
6.4. Where we hold monies on your behalf, we will first deduct all amounts due to us from the monies we hold for you.
Commissions and Costs. (1) The Company agrees to pay to the Managers a commission of 5% of the Offer Price for each Share in consideration of the obligations of the Managers pursuant to Articles and 2. The Company may, in its sole discretion, pay to some or all of the managers a performance fee of up to 0.5% in total of the aggregate Offer Price for the Offered Shares.
(2) Subject to the following provisions, the Company will bear all costs and expenses incident to the issuance, offer, sale and delivery of the Offered Shares, including (a) the fees incident to the preparation, printing and filing under the Securities Act of the Registration Statement and any amendments and exhibits thereto; (b) the costs of distributing the Registration Statement as originally filed and each amendment thereto and any post-effective amendments thereof (including, in each case, exhibits), any Preliminary Prospectus, the Prospectus and any amendment or supplement to the Prospectus, all as provided in this Agreement; (c) the costs incident to the preparation, printing and distribution of the other Offer Documents; (d) any applicable listing or other fees of qualifying the Shares under the securities laws of the several jurisdictions as provided in Article 5(15) and of preparing, printing and distributing a Blue Sky Memorandum (including related fees and expenses of counsel to the Managers); (e) the fees and disbursements of counsel retained by the Managers in connection with the Offering up to a maximum of $250,000 less the fees and disbursements of CIBC's legal counsel incurred in connection with the high yield offering (up to a maximum of $100,000); (f) the costs for any environmental audits; (g) the costs and expenses of the Company relating to investor presentations on any roadshow, including, without limitation, expenses associated with the production of roadshow slides and graphics, fees and expenses of any consultants engaged in connection with the roadshow presentations with the prior approval of the Company, travel and lodging expenses of the representatives and officers of the Company and any such consultants, and the cost of any aircraft chartered in connection with the roadshow; and (h) the expenses of advertising any offering of the Offered Shares made by the Managers. Except as expressly provided in this Article 7, the Managers will bear their own costs and expenses.
Commissions and Costs. 21.1 The Client undertakes to pay the commissions and costs listed in the “Trading Fee Schedule”.
21.2 The Client undertakes and assumes full responsibility for requesting further clarifications from the Company when and where necessary.
21.3 The Company is entitled to alter commissions and costs when the change is made in favor of the Client after notifying the latter of the appropriate methods insofar as possible.
21.4 The Company is entitled to alter commissions and costs by virtue of a notice that shall be sent to the Client within thirty
21.4.1 When the reasons for the changes result from external factors that are beyond the Company’s control, such as:
a. Changes in the contractual relationship with counterparties; and/or
b. Changes in the commissions and costs made by the regulated markets, or clearinghouses, or information providers, or liquidity providers with whom the Company deal with; and/or
c. Change in the market conditions, including competitive behavior, or new conditions imposed on the Company by third parties (liquidity providers or organized stock exchange with which the Company or regulatory bodies, etc.); and/or
d. In the event that any changes occur to some of the Client’s substantial financial conditions;
21.4.2 In the event that the Company is desirous, for business reasons, of changing the general cost and the “Trading Fee Schedule”.
21.5 Unless otherwise specified, all amounts due to the Company, under this Agreement, shall be deducted from the Client’s opened accounts with at the sole discretion of the Company.
21.6 Furthermore, the Client agrees that the procedures set forth in “Article Twenty-One: Commissions and Costs and Article Twenty-Three: Payments and Liquidation” herein, may incur additional indirect costs on the Client.
21.7 The Company shall have the right to deduct a monthly amount from the Client’s account, in the event that the latter’s account is inactive, i.e. when no transactions occur within a period of six months.
Commissions and Costs. 16.1 The Borrower will pay a contingency commission of 0.5% per annum of the expressed share of the Loan less the sum of (i) USD 73,000,000 and (ii) the value in USD that is equivalent at the time of the payment to NOK 166,000,000, calculated from today up to the point in time when the Loan is drawn in its entirety or May 31, 2002 (cf. Clause 4.
1). The commission is due for payment at the end of each quarter.
16.2 The Borrower pays on the first Advance Date, but no later than 5 Business Days from today, a preparer's commission of 0.35% of the Loan less the commission of NOK 100,000 already paid.
16.3 If the Loan is still outstanding as of February 1, 2002, the Borrower pays an additional commission of 0.15% of the outstanding amount of the Loan, payable no later than 5 Business Days after this date.
16.4 Regardless of whether the Loan is drawn or not, the Borrower will immediately upon request pay the Lender all the costs and expenses (including the taxes and internal fees and royalties) that accrue for the Lender in conjunction with the preparation of this Loan Agreement and the Security Documents, and in conjunction with maintaining, using, or performing the Lender's rights according to this Loan Agreement or Security Documents or in conjunction with the Loan Agreement or Security Documents for that matter.
Commissions and Costs