Calculation of Variable Fees Sample Clauses

Calculation of Variable Fees. 14.1.1 The calculation of Variable Fees will be based on the complete and accurate reports for each period submitted by Licensee as required in 15.1 and must include the following: i) the Unit of Count(s) that have, or had during the month, access or display Real Time Information via the Licensee’s Services; and ii) any other Licensee’s Services where Licensee’s recipients submit periodic reports or honesty statements to the Licensee on their access and use of the Real Time Information. 14.1.2 The Variable Fee and method of calculation for Licensee’s recipients is as follows: i) For 5 market depth: RM2 per Retail Recipient (RR); RM75 per Institutional Recipient (IR).