Commissions and Other Charges Sample Clauses
The 'Commissions and Other Charges' clause defines the fees, commissions, and additional costs that may be incurred under the agreement. It typically outlines which party is responsible for paying these charges, the method and timing of payment, and may specify the types of commissions or charges applicable, such as brokerage fees or administrative costs. This clause ensures transparency regarding financial obligations, helping to prevent disputes by clearly allocating responsibility for all associated costs.
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Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the face amount of such Letter of Credit multiplied by the Applicable Margin with respect to Revolving Credit Loans which are LIBOR Rate Loans (determined on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Revolving Credit Maturity Date. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3(a) in accordance with their respective Revolving Credit Commitment Percentages.
(b) In addition to the foregoing commission, the Borrower shall pay the Issuing Lender an issuance fee with respect to each Letter of Credit in an amount equal to the face amount of such Letter of Credit multiplied by one hundred twenty-five hundredths percent (0.125%) per annum. Such issuance fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Revolving Credit Maturity Date.
(c) In addition to the foregoing fees and commissions, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, effecting payment under, amending or otherwise administering any Letter of Credit.
Commissions and Other Charges. (a) The BORROWER shall pay to the ADMINISTRATIVE AGENT, for the account of the L/C PARTICIPANTS, a commission with respect to each STANDBY LETTER OF CREDIT, in an amount equal to the sum of (1) the APPLICABLE MARGIN per annum, as of the date of issuance, for LIBOR RATE LOANS from the date of issuance to the EXPIRATION DATE, multiplied by (2) the face amount of such STANDBY LETTER OF CREDIT (collectively, the "STANDBY L/C COMMISSION"). Such STANDBY L/C COMMISSION shall be payable on the date of the issuance of each STANDBY LETTER OF CREDIT.
(b) The BORROWER shall pay to the ADMINISTRATIVE AGENT, for the account of the L/C PARTICIPANTS, a fee with respect to each TRADE LETTER OF CREDIT (collectively, the "TRADE L/C FEES") in an amount equal to three- eighths percent (3/8%) of the face amount of each TRADE LETTER OF CREDIT, payable on the date of issuance of each TRADE LETTER OF CREDIT.
(c) The ADMINISTRATIVE AGENT shall, promptly following its receipt thereof, distribute to the L/C PARTICIPANTS all STANDBY L/C COMMISSIONS and TRADE L/C FEES received by the ADMINISTRATIVE AGENT in accordance with their respective COMMITMENT PERCENTAGES.
(d) In the event that, prior to the EXPIRATION DATE of a STANDBY LETTER OF CREDIT, a STANDBY LETTER OF CREDIT is either: (i) returned to, and canceled by, the ISSUING BANK; or (ii) fully drawn upon by the beneficiary thereof (the date of either event shall be referred to as an "L/C CONVERSION DATE"), the L/C PARTICIPANTS shall return to the ADMINISTRATIVE AGENT a percentage of the STANDBY L/C COMMISSION received by the L/C PARTICIPANT equal to the sum of: (1) the STANDBY L/C COMMISSION received by such L/C PARTICIPANT, multiplied by (2) the number of calendar days from the date of issuance of the STANDBY LETTER OF CREDIT to the L/C CONVERSION DATE, divided by (3) the number of calendar days from the date of issuance of the STANDBY LETTER OF CREDIT to the EXPIRATION DATE of such STANDBY LETTER OF CREDIT ("L/C REBATE SUM"). The ADMINISTRATIVE AGENT shall pay to the BORROWER the L/C REBATE SUMS actually received by the ADMINISTRATIVE AGENT from the L/C PARTICIPANTS.
(e) In addition to the foregoing STANDBY L/C COMMISSIONS and TRADE L/C FEES, the BORROWER shall pay the ISSUING BANK (i) an issuance fee for each STANDBY LETTER OF CREDIT equal to the greater of Three Hundred DOLLARS ($300.00) or one-eighth percent (1/8%) per annum from the date of issuance to the date of expiration on the face amount of each STANDBY LETTER OF CREDIT ...
Commissions and Other Charges. Before commencing to trade, you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable. These charges will be payable regardless of the outcome of your trading, and will decrease your net profit or increase your loss.
Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the average daily maximum amount available to be drawn during the relevant quarter under such Letter of Credit and (ii) the Applicable LIBOR Margin (determined on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Termination Date commencing on the last Business Day of the calendar quarter in which such Letter of Credit is issued. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.03(a) in accordance with their respective Commitment Percentages.
(b) In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit issued on or after the Closing Date in an amount equal to the product of (i) the face amount of such Letter of Credit and (ii) 12.5 basis points (0.125%) (the "Fronting Fee"). Such Fronting Fee shall be payable in arrears on the last Business Day of each calendar quarter and on the Termination Date for each day such Letter of Credit is issued and outstanding.
(c) In addition to the foregoing fees and commissions, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, effecting payment under, amending or otherwise administering any Letter of Credit.
Commissions and Other Charges. 9.1 The following charges may be applicable in respect of Transactions executed on your Account
9.1.1 spread(s);
9.1.2 swap(s); and
9.1.3 commission
9.2 The Company may charge for incidental banking related fees such as wire charges for deposits/withdrawals and may charge monthly fees as notified and posted on the Website. If you direct the Company to fund Margin from funds denominated in a currency other than the Base Currency, the Company will be authorised to convert those funds for Margin and a rate of exchange reasonably determined by the Company and the Company will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion.
9.3 The Company may also charge a dormancy fee for accounts who are inactive for 1 month. Inactivity means no new positions have been opened in this time. The dormancy fee shall be USD10 or 150 Rand depending on the base currency of the Account. The decision whether to charge the client the dormancy fee is the Company’s alone.
9.4 The Company may also charge an administration fee. After 12 consecutive months of non-use (“Annual Inactivity Period”), an administration fee will be deducted from the value of the Customer’s trading account of up to either $100 or 1500Rand. This is to offset the cost incurred in making the service available, even though it may not be used.
9.5 The Company will charge a non-trading fee for those who deposit and withdraw without trading. This non-trading fee will be to cover administrative costs. For the updated “Non trading fee” schedule, you should send an email to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in an amount equal to the product of (i) the face amount of such Letter of Credit times (ii) an annual percentage equal to the Applicable Margin with respect to LIBOR Rate Loans in effect on the date of issuance of such Letter of Credit. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Date.
(b) In addition to the foregoing commission, the Borrower shall pay the Issuing Lender an issuance fee of 0.125% per annum on the face amount of each Letter of Credit, payable quarterly in arrears on the last Business Day of each calendar quarter and on the Maturity Date.
(c) The Borrower shall also pay all normal costs and expenses of the Issuing Lender in connection with the issuance, transfer or other administration of the Letters of Credit.
(d) The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received by the Administrative Agent in accordance with their respective Commitment Percentages.
Commissions and Other Charges. (a) The Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit (other than Bond L/Cs) in an amount equal to the product of (i) the average daily maximum amount available to be drawn during the relevant quarter under such Letter of Credit and (ii) the Applicable LIBOR Margin (determined on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter and on the Termination Date commencing on the last Business Day of the calendar quarter in which such Letter of Credit is issued. The Administrative Agent shall, promptly following its receipt thereof, distribute to the Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.03(a) in accordance with their respective Commitment Percentages.
(b) In addition to the foregoing commission, the Borrower shall pay to the Administrative Agent, for the account of the Issuing Lender, a fronting fee with respect to each Letter of Credit issued on or after the Closing Date in an amount equal to the product of (i) the face amount of such Letter of Credit and (ii) 10 basis points (0.100%) (the “Fronting Fee”). Such Fronting Fee shall be payable in arrears on the last Business Day of each calendar quarter and on the Termination Date for each day such Letter of Credit is issued and outstanding.
(c) In addition to the foregoing fees and commissions, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, effecting payment under, transferring, amending or otherwise administering any Letter of Credit, including, without limitation, an amount equal to $100 per draw with respect to any Bond L/C.
Commissions and Other Charges. 14.1. Before trading, Client will obtain a clear explanation of all commissions, fees and other charges for which the Client will be liable. These charges reduce your net profit (if any) and/or increase your loss. Commissions charged on trades can be seen within the platform.
Commissions and Other Charges. You and your Introducing Broker will receive a Loan Fee, which will accrue daily. As described in the Schedule to the Master Securities Lending Agreement, the Loan Fee equals a percentage, referred to as the “Percentage Rate,” of the “Loan Proceeds.” The “Loan Proceeds” are (1) the net proceeds Apex receives for relending your Fully-Paid Shares, and/or (2) at the discretion of Apex and depending on the interest rate environment, a share of the interest that Apex receives on the collateral it deposits to secure the shares that it borrows from you. The Percentage Rate may be changed by your Introducing Broker in its sole discretion, but will not be less than the Minimum Percentage Rate set out in the Schedule to the Master Securities Lending Agreement. Likewise, the Loan Fee may vary based on the demand for borrowing the types of Fully-Paid Securities available in the customers’ accounts and other factors. Similarly, the bank may change the interest rate it pays on collateral that Apex deposits with that bank to secure the shares Apex borrows from you. You may always terminate your participation in the Program if you are unhappy with the Percentage Rate you are receiving from the Introducing Broker.
Commissions and Other Charges. 25 SECTION 3.4 L/C PARTICIPATIONS................................. 25 SECTION 3.5 REIMBURSEMENT OBLIGATION OF THE BORROWER........... 26 SECTION 3.6