Common use of Fees, Reporting and Payment Clause in Contracts

Fees, Reporting and Payment. 9.1 Licensee shall pay all Fees and Charges due to BHB in accordance with the payment requirements specified in XXX Appendices 2 and 3. 9.2 BHB may add to or change the Fees and Charges specified in XXX Appendix 2 upon no less than ninety (90) days written notice, with changes to be effective at the beginning of the next calendar month. 9.3 BHB may propose additional options for Fees and Charges on shorter notice and with effect from other dates, for example to introduce alternative Information Products or additional Fee structure options such as Enterprise licenses. Any such changes will not affect Licensee’s obligation to pay existing Fees and Licensee shall be under no obligation to adopt the additional options proposed by BHB. 9.4 Licensee shall report to BHB on the use and distribution of Information and the amounts due to BHB in accordance with the requirements of XXX Appendix 3. BHB shall keep confidential all information provided by the Licensee. 9.5 Members of Licensee’s Group shall be free to establish and alter the prices charged to Subscribers for the supply of the Information and of their Service(s), provided that such prices do not misrepresent Fees and Charges charged by BHB in accordance with the Agreement. The parties agree that in the event of any breach of this Clause 9.5, in addition to any other remedy available under this Agreement, BHB shall be entitled to recover from Licensee any amounts overbilled to Subscribers as compensation for the damage to BHB’s reputation.

Fees, Reporting and Payment. 9.1 Licensee shall pay all Fees and Charges due to BHB in accordance with the payment requirements specified in XXX Appendices 2 and 3. 9.2 . BHB may add to or change the Fees and Charges specified in XXX Appendix 2 upon no less than ninety (90) days written notice, with changes to be effective at the beginning of the next calendar month. 9.3 . BHB may propose additional options for Fees and Charges on shorter notice and with effect from other dates, for example to introduce alternative Information Products or additional Fee structure options such as Enterprise licenses. Any such changes will not affect Licensee’s obligation to pay existing Fees and Licensee shall be under no obligation to adopt the additional options proposed by BHB. 9.4 . Licensee shall report to BHB on the use and distribution of Information and the amounts due to BHB in accordance with the requirements of XXX Appendix 3. BHB shall keep confidential all information provided by the Licensee. 9.5 . Members of Licensee’s Group shall be free to establish and alter the prices charged to Subscribers for the supply of the Information and of their Service(s), provided that such prices do not misrepresent Fees and Charges charged by BHB in accordance with the Agreement. The parties agree that in the event of any breach of this Clause 9.5, in addition to any other remedy available under this Agreement, BHB shall be entitled to recover from Licensee any amounts overbilled to Subscribers as compensation for the damage to BHB’s reputation.