Minimum Fee Amount definition
Examples of Minimum Fee Amount in a sentence
On the first (1st) day of each quarter, for the immediately preceding quarter, Client shall pay to WFB a fee equal to the difference between the Minimum Fee Amount and the sum of the aggregate WFB Discount paid by Client during such immediately preceding quarter.
On the last day of each Contract Year, and on the effective date of termination of this Agreement for the Contract Year to date, Client shall pay to Purchaser a fee equal to the difference between the Minimum Fee Amount and the aggregate Discount Fee paid by Client during such Contract Year (or Contract Year to date).
Maximum Facility Amount: $50,000,000 Purchase Price Rate: 90% Minimum Fee Amount: For the quarter ending (a) September 2014, $30,000 and (b) each quarter thereafter, $60,000.
In connection with considering whether such additional amount is payable for such prior fiscal year, PRIM may propose an increase in the Minimum Fee Amount with respect to the then-current fiscal year, subject to the approval of the Board (which shall not be unreasonably withheld), in which case PRIM shall be paid an appropriate catch-up amount with respect to months already elapsed.
Discount Rate: A rate per annum which is equal to the LIBOR Rate in effect from time to time plus 1.50% Minimum Fee Amount $200,000 each Contract Year Maximum Facility Amount: $50,000,000 Purchase Price Rate: Up to 80% for Unbilled Accounts and up to 90% for all other Accounts.
For the avoidance of doubt, the Minimum Fee Amount and Remaining Fee Amount shall be due and payable in accordance with this Agreement irrespective of any event or circumstance relating to the Management Agreement (including, without limitation, any termination or assignment thereof), or a sale, refinancing, foreclosure, or any other capital event at any Property.
Leaders shall not accept any search assignment for which the expected search fee is greater than the Minimum Fee Amount for such country, region, area or office without the approval of the appropriate Heidrick regional president or his or her designee, which approval will not be unreasonably delayed or withheld.
Heidrick will, and will cause each of its subsidiaries and affiliates (other than Leaders) to use reasonable commercial efforts to, refer Leaders any search assignment where the reasonably expected search fee is less than the Minimum Fee Amount.
In the event this Agreement is terminated by Client prior to the last day of the Initial Term, Client shall pay Purchaser a termination fee (the “Termination Fee”) in an amount equal to the Minimum Fee Amount multiplied by the number of Contract Quarters remaining in the Term.