Common use of Adjustment of Fees Clause in Contracts

Adjustment of Fees. 1. SoftcrowServices is entitled annually to adjust the fee specified in article 20 as of 1 January of the new contract year on the basis of the changes to the ʻConsumer Price Index – All Households’ as determined by Statistics Netherlands (CBS). The fee adjusted in this way will never, however, be less than the level of the preceding year. 2. SoftcrowServices will be entitled every two years, for the first time on 1 January 2021, to review the fees owed pursuant to article 20 on the basis of market and service trends. SoftcrowServices shall make an offer for this purpose to the Beneficiary. If the Beneficiary does not wish to accept the offer made by SoftcrowServices it will be entitled to terminate the registration with SoftcrowServices as of the due date.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement

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Adjustment of Fees. 1. SoftcrowServices is entitled annually to adjust annually on 1 January the fee fees specified in article 20 as of 1 January of the new contract year on the basis of the changes to the ʻConsumer ‘Consumer Price Index – All HouseholdsHousholds’ as determined by the Statistics Netherlands (CBS). The deposit fee adjusted revised in this way will shall never, however, be less than the level of the preceding year. 2. SoftcrowServices will be entitled every two years, for the first time on 1 January 20212020, to review the fees owed pursuant to article 20 on the basis of market and service trends. SoftcrowServices shall make an offer for this purpose to the Beneficiary. If the Beneficiary does not wish to accept the offer made by SoftcrowServices it will be entitled to terminate the registration Agreement with SoftcrowServices as of the due date.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement

Adjustment of Fees. 1. SoftcrowServices is entitled annually to adjust the fee specified in article 20 as of 1 January of the new contract year annually on the basis of the changes to the ʻConsumer ‘Consumer Price Index – All HouseholdsHousehold’s’ as determined by the Statistics Netherlands (CBS). The deposit fee adjusted revised in this way will shall never, however, be less than the level of the preceding year. 2. SoftcrowServices will be entitled every two years, for on the first time on 1 January 2021annual due date, to review the fees owed pursuant to article 20 on the basis of market and service trends. SoftcrowServices shall make an offer for this purpose to the Beneficiary. If the Beneficiary does not wish to accept the offer made by SoftcrowServices it will be entitled to terminate the registration Agreement with SoftcrowServices as of the due date.

Appears in 1 contract

Samples: Escrow Agreement

Adjustment of Fees. 1. SoftcrowServices is entitled annually to adjust the fee specified in article 20 as of 1 January of the new contract year on the basis of the changes to the ʻConsumer Price Index – All Households’ as determined by Statistics Netherlands (CBS). The fee adjusted in this way will never, however, be less than the level of the preceding year. 2. SoftcrowServices will be entitled every two years, for the first time on 1 January 20212022, to review the fees owed pursuant to article 20 on the basis of market and service trends. SoftcrowServices shall make an offer for this purpose to the Beneficiary. If the Beneficiary does not wish to accept the offer made by SoftcrowServices it will be entitled to terminate the registration with SoftcrowServices as of the due date.

Appears in 1 contract

Samples: Escrow Agreement

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Adjustment of Fees. 1. SoftcrowServices is entitled annually to adjust annually on 1 January the fee fees specified in article 20 as of 1 January of the new contract year 21 on the basis of the changes to the ʻConsumer ‘Consumer Price Index – All HouseholdsHousholds’ as determined by the Statistics Netherlands (CBS). The deposit fee adjusted revised in this way will shall never, however, be less than the level of the preceding year. 2. SoftcrowServices will be entitled every two years, for the first time on 1 January 2021, to review the fees owed pursuant to article 20 21 on the basis of market and service trends. SoftcrowServices shall make an offer for this purpose to the Beneficiary. If the Beneficiary does not wish to accept the offer made by SoftcrowServices it will be entitled to terminate the registration Agreement with SoftcrowServices as of the due date.

Appears in 1 contract

Samples: Escrow Agreement

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