License and Maintenance Fee Sample Clauses

License and Maintenance Fee. For the License, Customer will pay EPB the sum of the calculated amount per solar panel as provided for in this Section and Attachment A (the “License Fee”). The License Fee is due on the Effective Date. The initial License Fee shall be Six Hundred Eighty Dollars ($680.00). The License Fee shall be reduced by Thirty-Four Dollars ($34.00) on each Anniversary Date (defined below) and as shown in Attachment A. Total Number of Panels: Total Dollar Amount: In addition to the License Fee, Customer shall pay EPB Ten Dollars ($10.00) per year per panel as an annual “Maintenance Fee” for the Term of this Agreement.
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License and Maintenance Fee. Except as provided below, during the License Term DTN shall pay to SmartServ a monthly license and maintenance fee (the "License Fee") equal to the sum of the amounts determined by multiplying the applicable percentages set forth below by the revenues earned and received for such month by DTN from the corresponding number of subscribers to the Internet Services at each level, in excess of the first 1,000 subscribers. Percentage of Subscribers Subscriber Revenue 1,001 - 2,000 20% 2,001 - 4000 25% 4,001 - 8,000 30% Over 8,000 40% DTN shall guaranty a minimum monthly payment of $100,000 during the first twelve months of the License Term. The minimum monthly payments during the first twelve months of the License Term shall be paid in advance on the first day of such month. Otherwise, the License Fee shall be paid within twenty (20) days after the end of the month to which it relates. The License Fee shall be determined using the average revenue per subscriber for such month. As an example, if the revenues earned and received by DTN during a month are $800,000 from 4,000 subscribers, then the monthly payment to SSOL will be $140,000 computed as the sum of (i) 20% of the product of $200 (the average revenue per subscriber for such month) multiplied by 1,000 subscribers and (ii) 25% of the product of $200 multiplied by 2,000 subscribers. For purposes of such computation, the number of subscribers in a month shall be the weighted average of the number of subscribers for such month. Notwithstanding the foregoing, if SmartServ breaches any of its obligations under Article 4 of this Agreement and fails to cure such breach within thirty (30) days after written notice thereof, DTN may at its sole cost elect to provide its own maintenance of the Internet Software and the Hardware, in which case DTN shall have no further obligation to pay the License Fee and SmartServ shall have no further obligations under Article 4 of this Agreement.
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License and Maintenance Fee. 1. LICENSEE agrees to pay to LICENSOR an annual license and maintenance fee as shown in the following payment schedule. The first annual payment shall be due and payable on the 1st day of July, 2020 and thereafter on the same date of each subsequent year for the term of this agreement as defined in Section C, Item 5 of this agreement. 2020-2021 July 1, 2020 $19,500.00 2021-2022 July 1, 2021 $19,500.00 2022-2023 July 1, 2022 $19,500.00 2023-2024 July 1, 2023 $19,500.00 2024-2025 July 1, 2024 $19,500.00 2. After the expiration of the Initial Term, LICENSOR may increase the amount of the annual license and/or maintenance fees to reflect changes in the market value of the SOFTWARE by giving LICENSEE one hundred eighty (180) days written notice of the increase, prior to the commencement of a new term. 3. LICENSEE shall be deemed to have agreed to a subsequent renewal term unless it gives written notice to LICENSOR at least ninety (90) days prior to the termination of the Initial Term of this License Agreement. If the LICENSOR and LICENSEE have not agreed upon a duration for a subsequent renewal in writing, the parties agree that the renewal term shall be for one (1) year unless otherwise approved by LICENSEE in writing. 4. LICENSEE shall have the option to extend the Term of this License Agreement for a period of one, two, three, four or five years with written notice to the LICENSOR at least ninety days (90) prior to the termination of the Initial Term of this License Agreement. LICENSOR may increase the amount of the annual license and/or maintenance fees as stated in paragraph 3 of this section for the extended term.
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License and Maintenance Fee. For the License granted to Customer pursuant to this Agreement, the Customer will pay EPB the sum of $680.00 per solar panel (the "License Fee"), due upon execution of this Agreement.
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License and Maintenance Fee. Except as otherwise provided in this Agreement, during the License Term, DTN shall pay to SmartServ a monthly license and maintenance fee (the "License Fee") equal to the sum of seventy percent (70%) of the SmartServ Trading Revenue for such month plus an amount equal to twenty two percent (22%) of the first $909,091 of Internet Services Revenue for such month plus seventeen percent (17%) of the Internet Services Revenue above $909,091 for such month. The License Fees shall be paid to SmartServ within twenty (20) days after the end of the month to which it relates. Notwithstanding the foregoing, upon the occurrence of one or more of the Escrow Release Events, DTN may at its sole cost elect to provide its own maintenance of the Internet Software and the Hardware, in which case DTN shall have no further obligation to pay the License Fees and SmartServ shall have no further obligations under Article 4 of this Agreement. If DTN elects to provide its own maintenance of the Internet Software pursuant to this paragraph, SmartServ agrees not to compete with any of the Internet Services for a period of five (5) years thereafter. The foregoing will not prevent SmartServ from fulfilling its obligations to the Bank of New York as permitted under Section 2.1 of this Agreement."
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License and Maintenance Fee. Except as otherwise provided in this Agreement, during the License Term, DTN shall pay to SmartServ a monthly license and maintenance fee (the "License Fee") equal to the sum of **** of the SmartServ Trading Revenue for such month plus an amount equal to **** of the first **** of Internet Services Revenue for such month plus **** of the Internet Services Revenue above **** for such month. The License Fees shall be paid to SmartServ within twenty (20) days after the end of the month to which it relates. Notwithstanding the foregoing, upon the occurrence of one or more of the Escrow Release Events, DTN may at its sole cost elect to provide its own maintenance of the Internet Software and the Hardware, in which case DTN shall have no further obligation to pay the License Fees and SmartServ shall have no further obligations under Article 4 of this Agreement. If DTN elects to provide its own maintenance of the Internet Software pursuant to this paragraph, SmartServ agrees not to compete with any of the Internet Services for a period of five (5) years thereafter. The ****REPRESENTS MATERIAL REDACTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. foregoing will not prevent SmartServ from fulfilling its obligations to the **** as permitted under Section 2.1 of this Agreement."
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License and Maintenance Fee. LifeSize shall pay Avistar a single license fee of $3,400,000.00 by September 30, 2011. In the event that LifeSize sells more than 22,000 OEM Products then it shall pay Avistar the per unit License Fees for the OEM Products as set forth below for each OEM Product sold over the 22,000 unit threshold.
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License and Maintenance Fee. In consideration for the license and rights herein granted by AHR to Licensee and the other undertakings of AHR contained herein, Licensee shall, upon delivery of the Software, pay to AHR the fee(s) in the amount (s) set forth in Exhibit A. Amounts invoiced by XXX xxxxxxxxx (including, without limitation, pursuant to Section 6 below) are due upon receipt. Invoices not paid within thirty (30) days after they are due shall incur interest at the lower of the rate of one and one-half percent (1.5%) per month or the highest rate legally permitted on the amount overdue. The interest shall be calculated from the date payment is originally due hereunder until the date payment is made in full.
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Related to License and Maintenance Fee

  • License Maintenance Fee LICENSEE will pay to REGENTS an annual license maintenance fee of [Written amount] U.S. Dollars ($Number) on the one (1) year anniversary date of the Effective Date and on each anniversary of the Effective Date thereafter. Notwithstanding the foregoing, the license maintenance fee will not be due and payable on any anniversary of the Effective Date, if on such date the LICENSEE is selling LICENSED PRODUCTS or LICENSED METHODS, and LICENSEE pays an earned royalty to REGENTS.

  • License Maintenance Fees Licensee will pay license fees in the amounts set forth in Sections 3.1(d) of the Patent & Technology License Agreement in accordance with the stated schedule.

  • USE AND MAINTENANCE (a) Lessee shall (1) use the Equipment solely in the continental United States and in the conduct of its business, for the purpose for which the Equipment was designed, in a careful and proper manner, and shall not permanently discontinue use of the Equipment; (2) operate, maintain, service and repair the Equipment, and maintain all records and other materials relating thereto, (A) in accordance and consistent with (i) the Supplier’s recommendations and all maintenance and operating manuals or service agreements, whenever furnished or entered into, including any subsequent amendments or replacements thereof, issued by the Supplier or service provider, (ii) the requirements of all applicable insurance policies, (iii) the Supply Contract, so as to preserve all of Lessee's and Lessor's rights thereunder, including all rights to any warranties, indemnities or other rights or remedies, (iv) all applicable laws, and (v) the prudent practice of other similar companies in the same business as Lessee, but in any event, to no lesser standard than that employed by Lessee for comparable equipment owned or leased by it; and (B) without limiting the foregoing, so as to cause the Equipment to be in good repair and operating condition and in at least the same condition as when delivered to Lessee hereunder, except for ordinary wear and tear resulting despite Lessee's full compliance with the terms hereof; (3) provide written notice to Lessor not less than thirty (30) days after any change of the location of any Equipment (or the location of the principal garage of any Equipment, to the extent that such Equipment is mobile equipment) as specified in the Schedule; and (4) not attach or incorporate the Equipment to or in any other property in such a manner that the Equipment may be deemed to have become an accession to or a part of such other property. (b) Within a reasonable time, Lessee will replace any parts of the Equipment which become worn out, lost, destroyed, damaged beyond repair or otherwise unfit for use, by new or reconditioned replacement parts which are free and clear of all Liens and have a value, utility and remaining useful life at least equal to the parts replaced (assuming that they were in the condition required by this Lease). Any modification or addition to the Equipment that is required by this Lease shall be made by Lessee. Title to all such parts, modifications and additions to the Equipment immediately shall vest in Lessor, without any further action by Lessor or any other person, and they shall be deemed incorporated in the Equipment for all purposes of the related Schedule. Unless replaced in accordance with this Section, Lessee shall not remove any parts originally or from time to time attached to the Equipment, if such parts are essential to the operation of the Equipment, are required by any other provision of this Lease or cannot be detached from the Equipment without materially interfering with the operation of the Equipment or adversely affecting the value, utility and remaining useful life which the Equipment would have had without the addition of such parts. Except as permitted in this Section, Lessee shall not make any material alterations to the Equipment that diminishes its use or value. (c) Upon forty-eight (48) hours' notice, Lessee shall afford Lessor and/or its designated representatives access to the premises where the Equipment is located for the purpose of inspecting such Equipment and all applicable maintenance or other records relating thereto at any reasonable time during normal business hours; provided, however, if a Default or Event of Default shall have occurred and then be continuing, no notice of any inspection by Lessor shall be required. If any discrepancies are found as they pertain to the general condition of the Equipment, Lessor will communicate these discrepancies to Lessee in writing. Lessee shall then have thirty (30) days to rectify these discrepancies at its sole expense. Lessee shall pay all expenses of a re-inspection by Lessor’s appointed representative, if corrective measures were required.

  • Annual Maintenance Fee In consideration of the license granted to Licensee under Section 2.1, Licensee shall pay Licensor on-going annual maintenance fees of **** on each anniversary of the Effective Date.

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

  • Maintenance Fee The Maintenance Fee (SEE SCHEDULE - ACCUMULATION PERIOD) will be deducted during the Accumulation Period from the Account Value on each anniversary of the Account Effective Date and upon withdrawal of the entire Account.

  • Support and Maintenance Services Information about Teradici’s support and maintenance for the Licensed Product may be found at xxxxx://xxxx.xxxxxxxx.xxx.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof. (17) Sections 2.05(a) and 2.05(b) are hereby amended and replaced in their entirety with the following:

  • Support and Maintenance Where Licensee purchases support and/or maintenance services, Licensee’s initial support and/or maintenance term will begin upon delivery to Licensee of the Licensed Software and continue for one (1) year thereafter (or the length of the term if less than a year for any subscription/term license) unless otherwise specified in the applicable annual support and/or maintenance agreement, Product Order, or other written agreement executed between Licensor and Licensee. Where Licensee purchases support and/or maintenance for any Licensed Software, Licensee hereby agrees that it shall purchase such support and/or maintenance services for all of Licensee’s licensed units of such Licensed Software product. Support and/or maintenance services provided by Licensor will be subject to Licensor’s then current applicable standard annual support and/or maintenance agreement unless otherwise agreed by the parties in writing.

  • Maintenance Fees In case the Current account balance is less than a specific amount determined by the Bank management (subject to amendment from time to time), then the Bank may impose charges against the account’s maintenance which will be advertised at the Bank’s website and branches.

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