Annual Access Fee Clause Samples

The Annual Access Fee clause establishes the requirement for a recurring yearly payment in exchange for continued access to a product, service, or platform. Typically, this fee is invoiced at the start of each contract year and must be paid by the customer to maintain uninterrupted access; it may apply to software subscriptions, membership services, or data platforms. The core function of this clause is to ensure predictable revenue for the provider while clearly communicating the ongoing cost of access to the customer.
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Annual Access Fee. [***] Novartis will make annual payments of USD$5,000,000 each within [***] days of receipt of an Invoice for the same, with the [***] payment to be paid by Novartis to Intellia no later than [***] (provided Novartis has received an Invoice therefor at least [***] days prior to such date) and the subsequent annual payments to be invoiced on the [***]. In no events will payments pursuant to this Section 7.1.2 exceed USD$20,000,000 in the aggregate.
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Annual Access Fee. In addition to all other charges set forth in this Agreement, Wastewater Thermal Energy User agrees to pay the County an initial energy transfer fee equal to $0.005 per ton hour of energy (whether used for cooling or heating) transferred (the “Energy Transfer Fee”) from the County’s wastewater to the Project, due on (date). A “Ton-hour” is measured as a function of the number of gallons of water, which pass through the eEnergy tTransfer sStation, the temperature difference of the water at the delivery and return point, resulting in the aggregate BTU transfer occurring within the eEnergy tTransfer sStation. 1 ton-hour = 12,000 BTU. Annual Increases of the Energy Transfer Fee shall be determined as follows: On each anniversary date of the Commercial Operation Date during the Term, the Energy Transfer Fee shall be adjusted by the same percentage as the increase in CPI for All Urban Consumers (CPI-U) for Seattle-Tacoma-Bellevue such that each year the amount payable is equal to the prior year’s transferred energy multiplied by the prior year’s fee rate escalated by an amount equal to the percentage increase in CPI-U Seattle-Tacoma-Bellevue for each year. The Energy Transfer Fee is due on (date) of each year of this Agreement. For example, if the CPI-U Seattle-Tacoma-Bellevue increases during year one by 3%, then on the anniversary date of of the Commercial Operation Date this Agreement at the end of year two of the Term, the amount payable shall be .005 per ton-hour x 1.03 = 0.0053_x the ton-hours from year two = the total due for year two. If the CPI-U Seattle-Tacoma-Bellevue then increases by 2.5% during year two, then at the end of year three, the amount payable shall be .0053 x 1.025 x the ton-hours from year three.
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Annual Access Fee. At the commencement of the CD3 License Term and on each anniversary thereof during the CD3 License Term, ▇▇▇▇▇▇▇▇ will pay to Adimab a non-creditable (except pursuant to the proviso in this sentence), non-refundable technology access fee of [***]; provided, however, that ▇▇▇▇▇▇▇▇ may deduct up to [***] of the fees paid pursuant to this Section 4.1(b) (Annual Access Fee) from fees due to Adimab under Section 4.2(a) (Research Funding) during the twelve (12) months following payment.
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Annual Access Fee. In addition to all other charges set forth in this Agreement, Wastewater Heat User agrees to pay the County an energy transfer fee equal to $0.05 per ton-hour of energy (whether used for cooling or heating) transferred (the “Energy Transfer Fee”) from the County’s wastewater to the Project. The Energy Transfer Fee shall be determined as follows: On each anniversary date during the Initial Term, an annual Energy Transfer Fee in the amount of $0.05 per ton-hour of energy transferred to or from the County’s wastewater system from all of the Wastewater Heat User’s projects installed at that time; provided that such amount shall be adjusted each year during the term hereof by the same percentage as the increase in CPI for All Urban Consumers (CPI-U) such that each year the amount payable is equal to the prior year’s amount plus an amount equal to the percentage increase in CPI for each year multiplied by the prior year’s fee rate. The Energy Transfer Fee is due on _(date)_ of each year of this Agreement. Accompanying each payment, Wastewater Heat User shall provide the County with detailed summary of costs, revenues, and profits for the prior year.
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Annual Access Fee. The access fee payable annually by the Member is $5,100.
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Annual Access Fee 
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Related to Annual Access Fee

  • Annual Allowance The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an amount equal to two times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date).

  • Over-Allowance Amount On the Cost Proposal Delivery Date and, in any event, prior to the commencement of the construction of the Tenant Improvements, Tenant shall deliver to Landlord cash in an amount (the “Over-Allowance Amount”) equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date). The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. If, after the Cost Proposal Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements as a result of requests made by Tenant or as otherwise specified in Section 5.01(h) below, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord immediately upon Landlord’s request as an addition to the Over-Allowance Amount and, in any event, prior to the commencement of the construction of the revisions, changes or substitutions. Promptly following completion of construction of the Tenant Improvements and payment of all costs incurred in connection therewith, Landlord shall prepare and deliver to Tenant a reasonably detailed reconciliation of (i) the total cost of the Tenant Improvements, including all Tenant Improvement Allowance Items, and (ii) the total amount of the Tenant Improvement Allowance and the Over-Allowance Amount payments previously made by Tenant pursuant to the foregoing provisions of this Section. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements exceeds the amount of the Tenant Improvement Allowance plus all Over-Allowance Amount previously paid by Tenant, Tenant shall pay the amount of such shortfall to Landlord within thirty (30) days after receipt of such reconciliation. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements is less than the amount of the Tenant Improvement Allowance plus all Over-Allowance Amounts previously paid by Tenant, Landlord shall pay the amount of such overage to Tenant at the time that Landlord delivers such reconciliation to Tenant.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on the third Wednesday of the Month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract. 1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below but, in each case, less the aggregate of payments previously made and less such amounts as Owner may withhold, including but not limited to liquidated damages, in accordance with the Contract a. 95 percent of Work completed (with the balance being retainage). If the Work has been 50 percent completed as determined by Engineer, and if the character and progress of the Work have been satisfactory to Owner and Engineer, then as long as the character and progress of the Work remain satisfactory to Owner and Engineer, there will be no additional retainage; and

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.