Payment of Assignment Fee Clause Samples
The Payment of Assignment Fee clause establishes the obligation for one party to pay a specified fee in connection with the assignment of rights or interests under a contract. Typically, this clause details when the fee is due, the amount or method of calculation, and the manner of payment, such as upon execution of the assignment or upon completion of certain conditions. Its core practical function is to ensure that the assignor receives compensation for transferring their contractual rights, thereby providing clarity and preventing disputes over payment terms related to the assignment.
Payment of Assignment Fee. [Assignor Lender] [Assignee Lender] will pay to the Administrative Agent, for its own account in immediately available funds, not later than 12:00 noon (New York City time) on the Effective Date, an assignment fee in the amount of $3,500 (the “Assignment Fee”) as required pursuant to Section 12.02(b) of the Funding Agreement.
Payment of Assignment Fee. [ASSIGNOR LENDER AND/OR ASSIGNEE LENDER] will pay to Agent, for its own account in immediately available funds, not later than 12:00 noon (Chicago time) on the Effective Date, the assignment fee in the amount of $3,500 (the "Assignment Fee") as required pursuant to Section 9.1(a) of the Credit Agreement.
Payment of Assignment Fee. [Assignor Lender and/or Assignee Lender] will pay to Administrative Agent, for its own account in immediately available funds, not later than — (Toronto time) on the Effective Date, the assignment fee in the amount of $5,000 (the “Assignment Fee”) as required pursuant to Section 8.4 of the Credit Agreement.
Payment of Assignment Fee. [Assignor Lender and/or Assignee Lender] will pay to Agent, for its own account in immediately available funds, not later than 12:00 noon (New York time) on the Effective Date, the assignment fee in the amount of $[3500] (the “Assignment Fee”) as required pursuant to Section 11.6(b) of the Credit Agreement.
Payment of Assignment Fee. Transferor Lender will pay to Agent, for its own account in immediately available funds, not later than 12:00 noon (Chicago time) on the Transfer Effective Date, the assignment fee in the amount of $3,500 (the "Assignment Fee") as required pursuant to Section 10.5a(v) of the Credit Agreement.
Payment of Assignment Fee. To the extent required by the Credit Agreement, [ASSIGNOR LENDER AND/OR ASSIGNEE LENDER] will pay to Agent, for its own account in immediately available funds, not later than 12:00 a.m. (New York time) on the Effective Date, the assignment fee in the amount of $3,500 (the "Assignment Fee") as required pursuant to Section 8.1(a) of the Credit Agreement.
Payment of Assignment Fee. On or before Closing, C▇▇▇▇▇▇▇ Canyon will deliver a solicitor’s trust cheque in the amount of US$43,596 payable to Golden Spike or to any other party at the direction of Golden Spike.
Payment of Assignment Fee. [Assignor Purchaser] [Assignee Purchaser] will pay to the Purchaser Agent, for its own account in immediately available funds, not later than 12:00 noon (New York City time) on the Effective Date, an assignment fee in the amount of $3,500 (the “Assignment Fee”) as required pursuant to Section 12.02(b) of the Purchase Agreement.
Payment of Assignment Fee. Contractor shall pay the City an assignment fee equal to [insert total amount] as required by Section 12.6 of the Agreement upon the closing of the sale of the Contractor Shares. Contractor understands and agrees that this payment include an additional One Hundred Fifty Thousand Dollars ($150,000) in addition to the two percent of Gross Receipts (as defined in the Franchise Agreement) required under the Franchise Agreement.
Payment of Assignment Fee. Pursuant to Article N of the Franchise Agreement, ACES shall pay the City a transfer fee in the amount of $2,500, to cover the cost of all direct administrative expenses including consultants and attorneys necessary to adequately analyze the application and to reimburse the City for all direct and indirect expenses related to the transfer.