Common use of Change in Fees Clause in Contracts

Change in Fees. Fees may be modified annually by CI Plus LLP and CI Plus LLP may make any such modification effective on January 1st of the following year, provided (a) such modification shall be made in fair, reasonable and non-discriminatory way and (b) CI Plus LLP shall notify Content Distributor of the detail of such modification by December 1st of the current year. In case of CI Plus LLP’s failure to perform such notification, such modification shall be ineffective. 4.2.1 Any increase in Fees shall not exceed an amount which is commensurate with any increase in CI Plus LLP’s operational cost including but not limited to the cost of inflation. 4.2.2 Without limiting other terms of Section 4.2, on December 31st, 2021 and every third anniversary thereof, CI Plus LLP may, at its option, increase the Fees by an amount equal to the percentage change in the Harmonized Indices of Consumer Prices (HICP) of Euro Principal European Economic Indicators over the three year period prior to such adjustment. Adjustments under this Section

Appears in 4 contracts

Samples: Content Distributor Agreement, Content Distributor Agreement, Content Distributor Agreement

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Change in Fees. Fees may be modified annually by CI Plus LLP and CI Plus LLP may make any such modification effective on January 1st of the following year, provided (a) such modification shall be made in fair, reasonable and non-non- discriminatory way and (b) CI Plus LLP shall notify Content Distributor of the detail of such modification by December 1st of the current year. In case of CI Plus LLP’s failure to perform such notification, such modification shall be ineffective. 4.2.1 Any increase in Fees shall not exceed an amount which is commensurate with any increase in CI Plus LLP’s operational cost including but not limited to the cost of inflation. 4.2.2 Without limiting other terms of Section 4.2, on December 31st, 2021 and every third anniversary thereof, CI Plus LLP may, at its option, increase the Fees by an amount equal to the percentage change in the Harmonized Indices of Consumer Prices (HICP) of Euro Principal European Economic Indicators over the three year period prior to such adjustment. Adjustments under this SectionSection 4.2.2 and modifications under Sections 4.2.1 shall be independent of one another, and not mutually exclusive.

Appears in 1 contract

Samples: Content Distributor Agreement

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