Consignment Fees Clause Samples
The Consignment Fees clause defines the charges or commissions that will be paid to a party for selling goods on consignment. Typically, this clause outlines the percentage or fixed fee deducted from the sale price of each item sold, and may specify when and how these fees are calculated and paid—such as monthly settlements or upon each sale. Its core function is to ensure both parties understand the financial terms of the consignment arrangement, thereby preventing disputes over compensation and clarifying the cost structure for consigned goods.
Consignment Fees. (a) During such time as Precious Metal is consigned to the Company hereunder and until the same is withdrawn from consignment and paid for in full by the Company or returned as hereinafter provided, the Company shall pay to Sensata a fee as follows: (i) in the case of Variable Rate Consignments, the fee shall be computed daily as a percentage of the outstanding Value of such Consigned Precious Metal on such day; and (ii) in the case of Fixed Rate Consignments, the fee shall be computed as a percentage of the outstanding Value of such Consigned Precious Metal on the first day of the applicable Consignment Period. Such fees shall be accrued on a daily basis and shall be paid via federal wire transfer as follows: (x) in the case of Variable Rate Consignments, consignment fees shall be paid monthly, on the fifth Business Day of each month; and (y) in the case of Fixed Rate Consignments, consignment fees shall be paid on the last day of the Consignment Period with respect thereto.
(b) The Company may elect to pay either a Variable Consignment Fee or, provided that no Event of Default has occurred and is then continuing, a Fixed Consignment Fee with respect to each consignment of Precious Metal under the Consignment Facility, subject to the terms and conditions hereinafter set forth. Consignment fees shall be calculated on the basis of a 360-day year counting the actual number of days elapsed.
(c) Each Variable Consignment Fee shall be calculated for one Business Day commencing with the Drawdown Date and shall be set by Sensata each Business Day. The Variable Consignment Fee in effect on the date hereof is one and one-half per cent (1 1/2%) per annum and is subject to change each Business Day in accordance with the terms hereof based on a corresponding rate charged by HSBC to Sensata.
(d) Each Fixed Consignment Fee shall be calculated for a certain specific quantity and form of Precious Metal consigned to the Company for a certain specific Consignment Period and shall be as quoted by Sensata to the Company equal the rate quoted from HSBC to Sensata. The quantity and form of Precious Metal and the Consignment Period shall be selected by the Company, subject to acceptance by Sensata. Once the specific quantity and form of Precious Metal and the specific Consignment Period have been selected and the consignment fee determined, such selections shall be irrevocable and binding on the Company and shall obligate the Company to accept the consignment requested from Sens...
Consignment Fees. Except as otherwise provided in Section 8.20, with respect to Consigned Precious Metal, the Borrower agrees to pay to the Gold Agent, for the accounts of the Gold Banks in accordance with their respective Gold Commitment Percentages, a Consignment Fee equal to:
(a) for each day with respect to Consignment Base Rate Amounts, the product of the Consignment Base Rate times a fraction, the numerator of which is one (1) and the denominator of which is three hundred and sixty (360) times the Fair Market Value of Consigned Precious Metal outstanding on such day which are Consignment Base Rate Amounts.
(b) for each day during each Interest Period with respect to Consignment Fixed Rate Amounts, the product of the Consignment Fixed Rate applicable to such Interest Period times a fraction, the numerator of which is one (1) and the denominator of which is three hundred and sixty (360) times the Fair Market Value (as of such date) of Consigned Precious Metal outstanding for such Interest Period which are Consignment Fixed Rate Amounts. The Consignment Fee with respect to Consignment Base Rate Amounts shall be payable monthly in arrears on the first Business Day of each calendar month, commencing on the first such date following the Closing Date, with a final payment on the Maturity Date or any earlier date on which the Gold Commitments shall terminate. The Consignments Fee with respect to Consignment Fixed Rate Amounts shall be payable on the last day of each Interest Period applicable thereto.
Consignment Fees. For our services we will receive and retain from the proceeds of the sale, a consignor fee based on the final hammered auction price of each of your item(s. The consignor fee schedule is:
Consignment Fees. (a) With respect to each Consignment hereunder, Counterparty unconditionally promises to pay BMO a consignment fee (each, a “Consignment Fee”) as follows (exclusive, in each case, of Taxes):
(i) With respect to each Term Consignment, a fixed total amount for the relevant quantity of Consigned Bullion over the Term, which will be based on a fixed price per ounce of the Consigned Bullion at a fixed rate, calculated on the basis of a 360-day year and the actual number of days in such Term (a “Fixed Fee”). Counterparty shall pay the Fixed Fee on the End Date.
(ii) With respect to each Call Consignment, a Consignment Fee based on the daily Dollar Value and quantity of Consigned Bullion at the agreed Consignment Rate, which will be calculated and accrued daily on the basis of a 360-day year (a “Floating Fee”). Counterparty shall pay the accrued Floating Fee monthly, in arrears and on the Termination Date. For purposes hereof, “Consignment Rate” means the per annum rate (expressed as a decimal) agreed to by the parties; provided that, BMO may from time to time change the Consignment Rate for Call Consignment balances upon two (2) Business Days’ notice to Counterparty.
Consignment Fees. (a) In addition to all other payments required hereunder, each Consignee agrees to pay to Bank Consignment Fees for Bank's services under this Agreement, such Consignment Fees to be accrued on a daily basis and paid to Bank within tan (10) days of the date of Bank's monthly invoice therefor. Each Consignee expressly authorizes Bank to charge such Consignee's account with Bank for the amount of such Consignment Fees.
(b) As to Consignment Fees evidenced by a confirmation in the form of Exhibit A attached hereto, the provisions of each such confirmation (absent manifest error) shall be binding and shall supersede any terms hereof not consistent with such provisions. The Consignee agrees to examine each such confirmation and, in the event of error therein, to notify Bank of such error by telecopy (with signature) within one (1) Business Day after such Consignee's receipt thereof (the Consignee's being conclusively deemed to have waived any such error in the absence of such notification).
(c) In the event that any Redelivery or Purchase Price payment under this Agreement results in a reduced return to Bank because the effective date of Redelivery and payment is earlier than the date(s) agreed to and confirmed under the terms of this Agreement for the maturity of specified Consignment Fees, then the Consignee shall promptly pay Bank, upon its demand, amounts necessary to compensate Bank for such reduced return.
Consignment Fees. (a) During such time as Precious Metal is consigned to the Companies hereunder and until the same is withdrawn from consignment and paid for in full by the Companies, the Companies shall pay to HSBC a fee which shall be computed daily at the rate established by HSBC for each day and charged on the Value of such Consigned Precious Metal on such day. Such fees shall be accrued on a daily basis and shall be paid by debiting the Companies' Account on the fifth Business Day of each month.
(b) Consignment fees shall be calculated on the basis of a 360-day year counting the actual number of days elapsed.
(c) Consignment fees shall be calculated for the specific quantity and form of Precious Metal consigned to the Company at the rate established on the Drawdown Date multiplied by the Value on the Drawdown Date divided by 360 and multiplied by the number of days in the Consignment Period.
(d) At such time as the Companies requests the consignment and delivery of Precious Metal under the Consignment Facility, it shall become obligated to pay to HSBC a market premium per fine troy ounce announced by HSBC at the time of such consignment. Such p▇▇▇▇nt is to be made within five (5) Business Days of the date of the invoice for the same.
Consignment Fees. 20% of the selling price of each consigned item shall be retained by TACK ROOM
Consignment Fees. Party A shall pay Party B the consignment fees according to the conditions specified in the appendix by transferring the amount to the bank account designated by Party B. The transfer fee shall be borne by Party A.
Consignment Fees. 28 4.3 Requests For Purchases and Consignments....................................................... 29 4.4 Payment on Account Of Repurchase or Redelivery of Consigned Precious Metal.................... 29 4.5
Consignment Fees. Fees are assessed "by the horizontal inch" to hang, 13" min per piece. Standard hanging fees are $3.00 per inch. 50% Discounted rate hanging fees of $1.50 per inch if you volunteer a total of 8 hours in two 4-hour shifts at the Gallery in the month your Art is on display. Sample: 13" wide = $19.50 at the volunteer rate, or $39.00 at the standard rate. Art Pedestals: $10.00 per square foot at the volunteer rate, or $20.00 per square foot at the standard rate.