Transition Service Fees Sample Clauses

The Transition Service Fees clause defines the payment terms and structure for services provided by one party to another during a transitional period, often following a business sale or separation. It typically outlines how fees are calculated, when they are due, and what specific services are covered, such as IT support, HR functions, or accounting assistance. This clause ensures both parties have a clear understanding of the costs associated with transitional support, helping to prevent disputes and facilitate a smooth handover of operations.
Transition Service Fees. The Buyer shall pay to the Seller, and the Seller shall pay to the Buyer, as applicable, the transition service fees in accordance with Schedule C (the “Transition Services Fees”). Neither party shall be entitled to set off amounts due to the other party based on any amounts payable to such party hereunder.
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Transition Service Fees. 1. The parties shall agree upon a maximum base fee, which ADMINISTRATOR may and shall invoice at or about (but not before) completion of phases as may be agreed upon by the parties. 2. Monthly invoices will be sent at or about the beginning of the months to which they relate. Payment of monthly invoices shall be due within 30 days of receipt of the invoice. Payment of invoices for other amounts listed above is due within 15 days of COMMONWEALTH's receipt of the invoice. Amounts not paid when due shall be subject to a late charge of one and one half percent (1.5%) per month or the applicable legal maximum rate of interest, whichever is less.
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Transition Service Fees. As consideration for the Transition Services, the Company shall pay to Seller the Seller’s cost for providing each Transition Service, including staffing, facility and other resource costs as specified for each such Transition Service in Schedule A (“Service Fees”). In the event the Company authorizes any changes to the staffing levels, facilities or other resource allocation, then such changes shall be specified in writing together with any adjustments in cost associated therewith, and Schedule A shall be amended by such written authorization. Notwithstanding the foregoing or the provisions of Schedule A, (a) the Company shall not be required to pay any Service Fees (other than the portion of such Service Fees that represent out-of-pocket costs paid by Seller to a third party) for services provided prior to [DATE THAT IS 3 MONTHS AFTER CLOSING DATE], 2025, and (b) the Service Fees (other than the portion of such Service Fees that represent out-of-pocket costs paid by Seller to a third party) to be paid by the Company to Seller for Services provided from [ONE DAY AFTER PREVIOUS DATE], 2025 through and including [DATE THAT IS SIX MONTHS AFTER CLOSING DATE] shall be reduced by fifty percent (50%).
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Transition Service Fees. (a) The Transition Service Fee for each Transition Service to be included in each Transition Service Schedule must be agreed by BHP and Woodside based on the BHP Charging Methodology. (b) The Parties acknowledge and agree that any Transition Service Fee shown in Schedule 4 for a Transition Service identified as at the Execution Date: Integration and Transition Services Agreement 27 (i) is based on the maturity of development of the scope of Transition Services identified by the Parties as at the Execution Date, the historical cost of BHP Group Members providing services equivalent to the relevant Transition Service within the BHP Group, and each Party’s knowledge of its business activities and experience of previous similar transactions; and
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Transition Service Fees. In full consideration for the services to be provided by Sanofi to Vivus under Sections 4(a) and 4(b) above (the “Transition Services”), Vivus shall pay to Sanofi the sum of *** Dollars ($*** US) for *** period during which these services are being performed (the “Service Fee”). The Service Fee shall be paid in arrears, in equal, *** installments of *** ($*** US) by wire transfer of immediately available funds, *** following the receipt by Vivus of a written invoice for the portion of the Service Fee then due. For clarity, the first written invoice for the first installment of the Service Fee shall be issued *** from the Effective Date. Vivus shall be responsible for all filing fees and similar fees accruing after the Effective Date payable to Third Parties in connection with the performance by Sanofi of the Transition Services (“Third Party Fees”). Any Third Party Fees shall be approved in writing by Vivus in advance, prior to being paid. At the election of the Parties, Sanofi may pay any Third
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Transition Service Fees. As compensation for the transition services provided by the Servicers under this Agreement, Purchaser agrees to pay the Servicers the amounts set forth in Attachment A.
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Related to Transition Service Fees

  • Service Fees Pricing and procedure details provided in the original signed agreement.

  • Transition Services The Purchasers will provide to the Sellers termination assistance as reasonably requested in order to provide an orderly transition following the termination of the Agreement (or any portion thereof), and the Sellers will provide to the Purchasers reasonable cooperation and assistance in connection therewith. In connection with this transition assistance, the Purchasers and Sellers will reasonably cooperate in the transition of the Services from the Purchasers to any Replacement Provider. With respect to the Serviced Appointments subject to termination, the Sellers shall provide the Purchasers with notice of the effective date (each, a “Transition Effective Date”) of the transition of the Services to a Replacement Provider. Notwithstanding any termination of the Agreement (or any portion thereof) in accordance with this Article II, with respect to the Serviced Appointments subject to termination, the rights and obligations of the parties under the Servicing Agreement shall remain in effect until the applicable Transition Effective Date.

  • Transition Services Agreement Seller shall have executed and delivered the Transition Services Agreement.

  • Administrative Support Service Fees Within forty-five (45) days of the end of each calendar quarter, the Fund will make payments in the aggregate amount of 0.0625% (0.25% on an annual basis) of the average during that calendar quarter of the aggregate net asset value of the Shares computed as of the close of each business day (the "Service Fee"). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Ongoing Services It is important to review every investment you hold and at regular intervals. At the time of, or prior to, our recommendation to you we will discuss our on-going service proposition. This is confirmed in our ‘service proposition and engagement’ document which will be sent to you separately from this agreement.