Minimum Monthly Fee Sample Clauses
The Minimum Monthly Fee clause establishes a baseline amount that a client or customer must pay each month, regardless of actual usage or consumption of services. In practice, this means that even if the client uses fewer services or products than anticipated, they are still obligated to pay at least the specified minimum fee for that month. This clause ensures predictable revenue for the service provider and protects them from significant fluctuations in income due to underutilization by the client.
POPULAR SAMPLE Copied 11 times
Minimum Monthly Fee. The minimum monthly fee shall be $6,250 per month, per active Master Fund, exclusive of taxation services fees and out-of-pocket expenses.
Minimum Monthly Fee. There will be a minimum monthly fee of Seven Hundred and Fifty Dollars ($750.00) per month.
Minimum Monthly Fee. There will be a minimum monthly fee of ($ ) per month.
Minimum Monthly Fee. It is the intention of the parties hereto that, prior to an Event of Default, the aggregate sum of all recurring monthly fees and interest payable by Borrower hereunder to Lender for each calendar month during the term hereof shall not be less than one and one-half percent (1.5%) of the then applicable Revolving Loan Commitment (the “Minimum Fees”). In the event during any calendar month during the term of this Agreement, the recurring monthly fees and interest payable by Borrower to Lender hereunder are less than the Minimum Fees, then in addition to all such recurring monthly fees and interest payable, the Borrower shall pay to Lender, on the next Payment Date, an amount determined by Lender such that when added to the recurring monthly fees and interest payable to Lender each calendar month hereunder, such amount shall never be less than the Minimum Fees.
Minimum Monthly Fee. The minimum monthly fee will be $250 per Portfolio, excluding transaction charges and out-of-pocket and other charges.
Minimum Monthly Fee. Borrowers shall pay to Lender any amount by which the sum of the interest and Service Fee earned in any month (prorated for partial months) is less than the Minimum Monthly Fee, on the first day of the following month.
Minimum Monthly Fee. In any calendar month in which the sum of the Administrative Fee and the Service Charge earned on all Purchased Accounts is less than the Minimum Monthly Fee specified in the Factoring Master Agreement, the difference between the Minimum Monthly Fee and the sum of the Administrative Fee and the Service Charge earned on all Purchased Accounts in said calendar month shall be paid to Purchaser by Seller on the last day of said calendar month. The Minimum Monthly Fee shall be prorated for the initial month hereunder; provided, that there has not been an Event of Default.
Minimum Monthly Fee. The minimum monthly fee will be a complex-based fee of $7,500 for 3 Portfolios, exclusive of transaction charges, Fund/SERV\Networking charges, Red Flag services fees, cost basis accounting fees, retirement plan fees, escheat services and lost shareholder search/reporting fees, CIP fees, voice response fees, advanced output services fees, out-of-pocket expenses and miscellaneous fees. If the number of Portfolios increases or decreases, the minimum fee will be adjusted on a prorata basis. The asset based fee and minimum monthly fee will be allocated based on the aggregate average net assets of all the Portfolios and will be prorated to each such Portfolio based on its prorata portion of the total net assets of the Fund.
Minimum Monthly Fee. For each Fund added to the Sit Mutual Funds listed on Exhibit 1 (each such Fund, a “New Fund”) the Company shall pay a minimum annual fee in an amount equal to (i) $30,000 less (ii) an amount calculated in accordance with the foregoing fees for the New Fund on a stand alone basis without regard to other Sit Mutual Funds serviced by BNY Mellon.
Minimum Monthly Fee. The minimum monthly fee will be $2,000, exclusive of out-of-pocket expenses, proxy services fees and miscellaneous fees.