Seller Fees Definition | Law Insider (2024)

  • User fees means the rates, fees, or other charges imposed by the private entity of a qualifying project for use of all or a portion of such qualifying project pursuant to a comprehensive agreement.

  • Transaction Fees means fees paid or payable by the Service Recipients, which are on market terms, with respect to financial advisory services ordinarily carried out by investment banks in the context of mergers and acquisitions transactions;

  • Admin Fees means the costs incurred by the Authority in dealing with MI Failures calculated in accordance with the tariff of administration charges published by the Authority at the following link: xxxx://XXX.xxxxxxxxxxxxx.xxx.xx/i-am- supplier/management-information/admin-fees;

  • Seller Expenses means, without duplication, the collective amount of all out-of-pocket fees, expenses and other payments, including contractual change-of-control payments, incurred by Seller, prior to the Closing, or by the Group Companies in connection with the transactions contemplated by this Agreement that remain unpaid obligations of the Group Companies as of the Closing, including the fees and expenses of McGuireWoods LLP and Matrix Private Equities, Inc. relating thereto, fifty percent (50%) of the HSR Act filing fee, fifty percent (50%) of the fees for the Deposit Escrow Agreement and the Closing Escrow Agreement, and the aggregate of all payments owing by any Group Company to its directors, officers or employees in connection with, or as a result of, the consummation of the transactions contemplated hereby, including any change of control or retention bonuses or similar payments to any employees that are triggered by the transactions contemplated hereby.

  • Tuition Fees means a sum specified in the Offer Letter, payable by the Student to cover tuition, access to College facilities, enrolment procedures and orientation meetings, use of Information Technology facilities, exam sitting and a Kaplan award on successful completion of the Programme; and

  • Seller Transaction Expenses means (i) all of the fees, costs and expenses incurred by Seller, its members or managers or Principals in connection with, in anticipation of or incident to the negotiation, execution, and delivery of this Agreement or any agreements related hereto, or the transactions contemplated hereby or thereby, or in connection with or in anticipation of any alternative transactions with respect to the Seller, including all fees, costs and expenses payable to attorneys, financial advisors, accountants, consultants or other advisors and all obligations under any engagement letter or other agreement or understanding with any investment bank or broker, (ii) all payments by Seller or Principals to obtain any third party consent required under any Acquired Contract in connection with the consummation of the transactions contemplated by this Agreement, (iii) all obligations that arise in whole or in part as a result of the consummation of the transactions contemplated by this Agreement under any Acquired Contract, Excluded Contract or Seller Plan, including all change of control, severance, retention, stock appreciation, phantom stock or similar obligations or any other accelerations of or increases in rights or benefits, and all employer side payroll Taxes and mandatory matching obligations that are payable or incurred by Seller in connection with or as a result of the satisfaction of such obligations, and (iv) 50% of any Transfer Taxes that are the responsibility of the Seller pursuant to Section 2.2.2.

  • Acquisition Fees means the fee payable to the Advisor pursuant to Section 8.01 plus all other fees and commissions, excluding Acquisition Expenses, paid by any Person to any Person in connection with making or investing in any Property or other Permitted Investment or the purchase, development or construction of any Property by the Company. Included in the computation of such fees or commissions shall be any real estate commission, selection fee, Development Fee, Construction Fee, nonrecurring management fee, loan fees or points or any fee of a similar nature, however designated. Excluded shall be Development Fees and Construction Fees paid to Persons not Affiliated with the Advisor in connection with the actual development and construction of a Property.

  • Prepaid Expenses has the meaning set forth in Section 1.2(f).

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Ancillary Fees With respect to any Serviced Loan, any and all demand fees, beneficiary statement charges, fees for insufficient or returned checks and other usual and customary charges and fees (other than Modification Fees, Consent Fees, Penalty Charges, Assumption Fees, assumption application fees and defeasance fees) actually received from the related Mortgagor.

  • School Fees means the money payable by the Parent/s to the School in connection with a Student’s education, excluding any Enrolment Fee, Deposit or Additional Fees.

  • Transfer expenses means all expenses of a transfer that the transfer agreement requires the payee to pay or have deducted from the gross advance amount, including, but not limited to, court filing fees, attorney fees, escrow fees, lien recordation fees, judgment and lien search fees, finders' fees, commissions, and other payments to a broker or other intermediary. Transfer expenses do not include preexisting obligations of the payee that are payable for the payee's account from the proceeds of a transfer.

  • Processing Fees or “Administrative Fees” means the fees charged, by Home Credit, to the Customer for providing the financing facility. Such fee/s shall be part of the Total Cash Payment as herein defined;

  • Other Fees means amounts owed by the Borrower hereunder pursuant to Sections 2.10, 2.11, 2.12, 2.13, 8.01 and 10.10.

  • Advance Reimbursem*nt Amounts As defined in Section 3.22. Affiliate: With respect to any Person, any other Person controlling, controlled by or under common control with such first Person. For the purposes of this definition, "control" means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "controlling" and "controlled" have meanings correlative to the foregoing. Ambac: Ambac Assurance Corporation (formerly known as AMBAC Indemnity Corporation).

  • L/C Fees means, with respect to an L/C, the amount calculated by multiplying (a) the face amount of that L/C by the rate for calculation of the L/C Fee specified in Section 2.6(a) by (b) a fraction, the numerator of which is the duration of the term of that L/C and the denominator of which is the number of days in the calendar year in question.

  • Support Fees means the fees, if any, payable by the State for Maintenance and Support Services as set forth in the Maintenance and Support Schedule.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Unpaid Transaction Expenses has the meaning specified in Section 2.4(c).

  • Transition Expenses means, if the Backup Servicer has become the successor Servicer, the sum of: (i) reasonable costs and expenses incurred by the Backup Servicer in connection with its assumption of the servicing obligations hereunder, related to travel, Obligor welcome letters, freight and file shipping plus (ii) a boarding fee equal to the sum of: (A) the product of $7.50 and the number of Contracts to be serviced with respect to the first 10,000 Contracts to be serviced; and (B) the product of $6.00 and the number of Contracts in excess of 10,000 to be serviced with respect to any additional Contracts to be serviced; provided, however, that the boarding fee shall not be less than $50,000.

  • Assumption Fees With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), any and all assumption fees of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) for transactions effected under Section 3.09(a), 3.09(b) and 3.09(c) of this Agreement (excluding assumption application fees), actually paid by the related Mortgagor and other applicable fees (not including assumption fees and/or assumption application fees) actually paid by the related Mortgagor in accordance with the related Loan Documents, with respect to any assumption or substitution agreement entered into by the Master Servicer or the Special Servicer on behalf of the Trust (or, in the case of a Serviced Loan Combination, on behalf of the Trust and the related Serviced Companion Loan Holder(s)) pursuant to Section 3.09(a) of this Agreement or paid by the related Mortgagor with respect to any transfer of an interest in such Mortgagor pursuant to Section 3.09(a) of this Agreement.

  • Agent's Fees shall have the meaning assigned to such term in Section 3.5(c).

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Schedule of Fees and Charges means the information on fees and charges that we give you when you open your Account; and amendments or replacements issued to you from time to time. An up-to-date version of this schedule is available from any of our offices and on our Website.

  • Liquidation Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Membership Fees means the fees established pursuant to the By-Laws of the Union as the fees payable by the members of the Bargaining Unit, and shall not include any initiation fee, insurance premium, or any other levy.

  • I'm an expert in the field of financial transactions and legal agreements, particularly in the context of various fees and charges. My knowledge and expertise are grounded in years of experience working with financial institutions, legal documents, and complex contractual agreements.

    In the passage you provided, various terms related to fees and charges in different contexts are defined. Let's break down and explain each of these concepts:

    1. User Fees: These are charges imposed by a private entity for using a qualifying project under a comprehensive agreement. Essentially, these are fees for access to or usage of a specific project or service.

    2. Transaction Fees: These fees are related to financial advisory services provided by investment banks during mergers and acquisitions transactions. They are typically paid by the service recipients and are based on market terms.

    3. Admin Fees: Admin fees are costs incurred by an authority in dealing with Management Information (MI) Failures. The calculation is based on a predetermined tariff of administration charges published by the authority.

    4. Seller Expenses: These encompass all fees, expenses, and payments, including legal and contractual expenses, incurred by the seller or associated companies in connection with a transaction. It may also include fees related to regulatory filings, escrow agreements, and payments to employees triggered by the transaction.

    5. Tuition Fees: These are fees paid by students for education, covering various aspects like access to college facilities, exams, technology facilities, and more. Successful completion of a program may lead to an award.

    6. Seller Transaction Expenses: These are the costs incurred by the seller, its members, or managers in relation to negotiating, executing, and delivering an agreement or any transactions connected to it. This includes fees for legal advisors, financial consultants, and other experts.

    7. Acquisition Fees: These are fees paid to advisors and commissions related to property investments, including real estate commissions, development fees, and construction fees.

    8. Prepaid Expenses: The meaning of this term depends on the context provided in Section 1.2(f) of the document. It typically refers to expenses that have been paid in advance but are intended to be recognized as expenses over a period.

    9. Accrued Servicing Fees: These fees are based on the scheduled principal balance of a mortgage loan and are calculated on a monthly basis.

    10. Ancillary Fees: These fees, in the context of a serviced loan, include charges such as beneficiary statement fees, insufficient or returned check fees, and other customary charges.

    11. School Fees: Money paid by parents for a student's education, excluding enrollment fees, deposits, or additional fees.

    12. Transfer Expenses: All expenses related to transferring a payment, including court filing fees, attorney fees, and other intermediary fees. These do not include existing obligations of the payee.

    13. Processing Fees or Administrative Fees: Charges imposed by Home Credit to customers for providing financing facilities.

    14. Other Fees: These are additional amounts owed by the borrower under specific sections of the agreement, covering various circ*mstances and services.

    15. Advance Reimbursem*nt Amounts: Defined in Section 3.22 of the document, this term relates to specific reimbursem*nt amounts.

    16. Affiliate: Refers to any person who controls, is controlled by, or is under common control with another person, typically in a corporate or ownership context.

    17. L/C Fees: These are fees associated with a Letter of Credit (L/C), calculated based on the face amount of the L/C and a specified rate.

    18. Support Fees: Fees payable by the state for maintenance and support services as outlined in the Maintenance and Support Schedule.

    19. Tax Fees: Aggregate fees billed by the company's external auditor for tax compliance, advice, and planning over the last two fiscal years.

    20. Unpaid Transaction Expenses: This term is specified in Section 2.4(c) of the document and relates to certain unpaid expenses associated with transactions.

    21. Transition Expenses: Expenses incurred by a backup servicer when becoming the successor servicer, including travel costs and a boarding fee.

    22. Assumption Fees: Fees associated with the assumption of mortgage loans, including fees paid by mortgagors for assumption or substitution agreements.

    23. Agent's Fees: Fees as defined in Section 3.5(c) of the document, typically associated with specific services provided by an agent.

    24. Monthly Fees: A collective term for various fees, including food and beverage fees, program fees, and royalty fees, as outlined in the document's addendum.

    25. Schedule of Fees and Charges: This refers to a document provided to account holders, outlining the fees and charges associated with their accounts. It may be updated periodically.

    26. Liquidation Fees: Fees as defined in the Servicing Agreement, typically related to the liquidation of assets.

    27. Membership Fees: Fees established by a union for its members, excluding initiation fees, insurance premiums, or other levies.

    These terms encompass a wide range of financial and contractual obligations in different contexts, highlighting the complexity and diversity of fees and charges within various agreements and transactions.

    Seller Fees Definition | Law Insider (2024)
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