Transition Fee Clause Samples
A Transition Fee clause establishes a payment obligation that arises when a specific transition event occurs, such as the transfer of services, assets, or responsibilities from one party to another. Typically, this fee is triggered when a contract ends and the outgoing party assists in transitioning operations to a new provider or back to the client, compensating them for their time, resources, and expertise during the handover period. The core function of this clause is to ensure a smooth and cooperative transition process by providing financial incentive and covering the costs associated with the transfer, thereby minimizing disruption and risk for all parties involved.
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Transition Fee. For duties performed by the Property Manager in reviewing and abstracting an Owner Subsidiary’s leases and contracts, preparing ledgers, creating a database of such Owner Subsidiary’s tenants and vendors, establishing Property bank account(s), and similar necessary, preliminary functions, the Property Manager shall pay itself from the applicable Operating Account a one-time fee (the “Transition Fee”) in the amount shown on Schedule A attached hereto and incorporated herein by this reference. The Transition Fee shall be paid within thirty (30) days after execution of an Investment Property Management Agreement with respect to a particular Property by all parties thereto or within thirty (30) days after receipt of all leases and other documents necessary to perform a full set up of any Property, whichever is later. The Transition Fee shall be based on the number of tenants with active leases in such Property, including those tenants whose lease term and/or rental have not yet commenced, but who have executed leases with the applicable Owner Subsidiary, as of the Commencement Date of the applicable Investment Property Management Agreement.
Transition Fee. Motorola will not charge additional Fees for Services related to the transition to hosted Subscription Software, as described in Section 4.2.1 – Transition to Subscription License Model. Notwithstanding the foregoing, subscription Fees may be greater than Fees paid by Customer for on-premises Subscription Software.
Transition Fee. Within seven (7) days after the Effective Date, XTL shall place one million U.S. dollars (US$1,000,000) in an interest-bearing escrow account. XTL shall pay to DOV the balance of such account, including interest, in cash and in accordance with wire instructions provided by DOV to XTL, within thirty (30) days of the Effective Date, subject only to DOV’s compliance with Section 4.1, and provided that for each day above and beyond the thirty (30) day period specified in Section 4.1 that DOV takes to complete the Transition, XTL shall reduce such payment at a rate of ***** percent (*****%) per month, calculated on the total number of days, provided further that no such reduction shall apply to delays that are beyond DOV’s reasonable control, including, without limitation, delays caused by Regulatory Authorities or by XTL. *****Confidential material redacted and filed separately with the Commission.
Transition Fee. NATIONAL GRID shall charge ESCO a Transition Fee and ESCO shall grant to NATIONAL GRID a right to offset and reduce any and all amounts (i) due and owing ESCO from NATIONAL GRID under a BSA/Security Agreement and (ii) due and owing from NATIONAL GRID to ESCO under this Agreement until the Transition Fee is paid in full.
Transition Fee. Within thirty (30) days after execution by all parties to this Agreement, for duties performed by Property Manager in reviewing and abstracting Owner’s leases and contracts, preparing ledgers, creating a database of Owner’s tenants and vendors, establishing property bank account(s), and similar necessary, preliminary functions, Owner shall pay to Property Manager a one-time fee (the “Transition Fee”) in the amount shown on Schedule A attached hereto and incorporated herein by this reference. The Transition Fee shall be based on the number of tenants with active leases at the Property, including those tenants who have executed leases with Owner that have not yet commenced, as of the Commencement Date of this Agreement.
Transition Fee. Seller has provided certain services to Buyer relating to the transition of Seller's Consumer Products business in Canada, as such services are described in Schedule 5(f) attached hereto. In consideration of such transition services, Buyer shall pay to Seller the following amounts on the corresponding dates (collectively, the "Transition Fee"): Amount Date Due ------ -------- CN$85,000 Closing Date ("Initial Monthly Transition Fee") CN$85,000 30 days after Closing Date US$500,000 March 31, 2001
12-1 2% of Net Sales, from August 1, 2000 through March 31, 2001, in excess of US$8,000,000 April 30, 2001
Transition Fee. In addition to the Management Commission listed directly above, Owner agrees to pay to Agent, within 30 days of receipt of invoice by Owner, $5,000.00, to partially offset the takeover costs relating to human resources (excluding unemployment claims and severance packages that may occur as a result of the transition), administering benefits, payroll, and initial accounting setup, and to partially offset initial travel expenses of Agent's regional personnel. Agent agrees to make good faith efforts to minimize the costs related to such transition. DEPARTMENT STORE FEE SCHEDULE:
Transition Fee. Subject to the terms and conditions of this Agreement (including Section 10), the Employee’s satisfactory provision of the Services and the Employee’s compliance with the other terms and conditions of this Agreement, during the Transition Period, the Employer will pay the Employee a monthly rate of $375,000, prorated for partial months served (the “Monthly Service Fee”). Any Monthly Service Fee earned will be paid within ten
Transition Fee. Microsoft will make a one-time payment of $23,685,000.00
Transition Fee. Microsoft will make a one-time payment of $23,685,000 (the “Transition Fee”) to PSE for redistribution to PSE’s customers. This Transition Fee payment is intended to hold customers harmless from adverse financial impacts resulting from Microsoft transitioning its load to the Special Contract. PSE will pass-through the Transition Fee, on a dollar-for-dollar basis, to PSE’s bundled retail electric customers over a 12-month period through PSE’s existing electric Schedule 95 (Power Cost Adjustment Clause).