Maintenance Fee True-Up Process Sample Clauses

Maintenance Fee True-Up Process. Maintenance Fees are calculated using the actual number of users in the preceding fiscal year (except for fiscal year one, where ENTITY estimates the number of users for that year). The “true-up” is a process whereby STATE reconciles any discrepancies between the projected number of users and actual number of users for each fiscal year. The true-up occurs after the close of each applicable fiscal year, such that STATE can ascertain the actual number of users during that fiscal year. If an ENTITY’s actual number of users at the close of a fiscal year is fewer than the preceding fiscal year, which was used by STATE to calculate the Maintenance Fee, STATE shall deduct from the subsequent Maintenance Fee an amount equivalent to the difference in the number of actual users multiplied by the established Maintenance Fee rate. Conversely, if an ENTITY’s actual number of users at the close of a fiscal year is greater than the preceding fiscal year, which was used by STATE to calculate the Maintenance Fee, STATE shall add to the subsequent Maintenance Fee an amount equivalent to the difference in the number of actual users multiplied by the established Maintenance Fee rate.
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Maintenance Fee True-Up Process. Maintenance Fees are calculated using the actual number of users in the preceding fiscal year (except for fiscal year one, where ENTITY estimates the number of users for that year). The “true-up” is a process whereby STATE reconciles any discrepancies between the projected number of users and actual number of users for each fiscal year. The true-up occurs after the close of each applicable fiscal year, such that STATE can ascertain the actual number of users during that fiscal year. If an ENTITY’s actual number of users at the close of a fiscal year is fewer than the preceding fiscal year, which was used by STATE to calculate the Maintenance Fee, STATE shall deduct from the subsequent Maintenance Fee an amount equivalent to the difference in the number of actual users multiplied by the established Maintenance Fee rate. Conversely, if an ENTITY’s actual number of users at the close of a fiscal year is greater than the preceding fiscal year, which was used by STATE to calculate the Maintenance Fee, STATE shall add to the subsequent Maintenance Fee an amount equivalent to the difference in the number of actual users multiplied by by the established Maintenance Fee rate. This Confidentiality and Information Security Requirements Exhibit (hereinafter referred to as "this Exhibit") sets forth the information security and privacy requirements the ENTITY is obligated to follow with respect to CURES data pursuant to the MOU. The STATE and ENTITY desire to protect the privacy and provide for the security of CURES data in compliance with state and federal statutes, rules and regulations.

Related to Maintenance Fee True-Up Process

  • 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.

  • 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.

  • 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.

  • 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 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.

  • 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.

  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of such Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company to run, operate, manage and maintain the Common Areas. The Promoter shall endeavour that the committee responsible for the maintenance and operation of the Common Areas will be required to provide manpower for maintaining the Common Areas, wherever required, and to collect maintenance charges and also guest charges and the user charges for the utilities being provided on “pay by use” basis, if any. The maintenance and management of Common Areas by the committee will primarily include but not limited to maintenance of water works, common electrical installations, DG Sets, landscaping, driveways, parking areas, lobbies, lifts and staircases, AMC’s etc. It will also include safety and security of the Project such as fire detection and protection and management of general security control of the Project. The Rules/ Bye Laws to regulate the use and maintenance of the Common Areas shall during the interim maintenance period shall be framed by the Promoter with such restrictions as may be necessary for proper maintenance and all the Allottees are bound to follow the same. After the Common Areas of the Project are handed over to the Association, the Association may adopt the Rules and the Bye laws framed by the Promoter, with or without amendments, as may be deemed necessary by the Association.

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Development Fee A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.

  • System Maintenance The Trust understands that USBFS will perform periodic maintenance to the System(s), which may cause temporary service interruptions. To the extent possible, USBFS shall notify the Trust of all planned outages and will perform any necessary maintenance during non-business hours.

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