Common use of FIXED MANAGEMENT FEES Clause in Contracts

FIXED MANAGEMENT FEES. 18.1 In return for the Services made available to the Organisation by BSN in relation to the Card-i and pursuant to the terms of this Agreement, the Organisation will be charged a Fixed Management Fee whereby the amount of which is subject to the classification of the Card-i. Fixed Management Fees may be increased or decreased from time to time as approved by BSN. Such varied amount shall be binding and payable by the Organisation from such date as may be determined by BSN. The Fixed Management Fees are as follows:- 18.2 The Fixed Management Fee is a maximum amount to be charged for Actual Management Fee. In the event of Actual Management Fee exceeds the Fixed Management Fee, BSN shall charge the Organisation up to the Fixed Management Fee amount. 18.3 BSN must , at any time or from time to time, grant the Organisation a rebate (Ibra’), the amount of which will be determined and calculated. based on the difference between the Fixed Management Fee and the Actual Management Fee.