Monthly Program Fees Clause Samples
The "Monthly Program Fees" clause defines the recurring charges that a participant or client must pay on a monthly basis to access or continue using a specific program or service. This clause typically outlines the amount due each month, the payment schedule, and any conditions under which the fee may change, such as adjustments for additional services or changes in program scope. By clearly specifying the financial obligations and payment timing, this clause ensures both parties understand the cost structure and helps prevent disputes over billing or service access.
Monthly Program Fees. Subject to the following discounts, caps, or terminations, You will pay Libre ____ monthly program payments of $ ________ (“Program Fees”). Monthly Program Fees are due in full before midnight on the second business day of each applicable month (“Payment Due Date”). However, Libre will not assess any late fees against You if the full amount owed is received by Libre in the calendar month in which such payment was due. You acknowledge that Program Fees are not repayments of a loan; Libre has not loaned You nor Your Sponsor any money, and Program Fees are not credited against the face value of Your bond. Program fees are earned and retained by Libre as part of its consideration for executing this Agreement, incurring financial risk or liability, and performing the services herein. Your Program Fees are subject to reduction or cancellation in the following situations:
Monthly Program Fees. Subject to the following discounts, caps, or terminations, You will pay Libre monthly program payments of $ (“Program Fees”). Monthly Program Fees are due in full before midnight on the second business day of each applicable month (“Payment Due Date”). However, Libre will not assess any late fees against You if the full amount
Monthly Program Fees. Subject to the following discounts, caps, or terminations, You will pay Libre ____ monthly program payments of $ ________ (“Program Fees”). Monthly Program Fees are due in full before midnight on the second business day of each applicable month (“Payment Due Date”). However, Libre will not assess any late fees against You if the full amount owed is received by Libre in the calendar month in which such payment was due. You acknowledge that Program Fees are not repayments of a loan; Libre has not loaned You nor the Detainee any money, and Program Fees are not credited against the face value of the Detainee’s bond. Program fees are earned and retained by Libre as part of its consideration for executing this Agreement, incurring financial risk or liability, and performing the services herein. Your Program Fees are subject to reduction or cancellation in the following situations:
Monthly Program Fees. Resorts will pay to Hilton a monthly fee (the “Monthly Program Fee”) equal to (i) two percent (2%) of Gross Rooms Revenue earned during calendar years 2009 and 2010, and (ii) two and one quarter percent (2.25%) of Gross Rooms Revenue earned in each calendar year thereafter. Hilton will use the Monthly Program Fee to pay for various programs to benefit hotels using the Hilton Marks, including (i) advertising, promotion, publicity, public relations, market research, and other marketing programs; (ii) developing and maintaining directories and Internet sites for facilities using the Hilton Marks; (iii) developing and maintaining Hilton Reservations Worldwide systems and support; and (iv) administrative costs and overhead related to the administration or direction of these projects and programs. Hilton will have the sole right to determine how it spends these funds, including sole control over the creative concepts, materials and media used in the programs, and the placement and allocation of advertising. Hilton may enter into arrangements for development, marketing, operations, administrative, technical and support functions, facilities, programs, services and/or personnel with any other entity, including other Hilton Entities. Resorts acknowledges that the Monthly Program Fees are intended for the benefit of all hotels using the Hilton Marks, and will not simply be used to promote or benefit the Hotel. Hilton will have no obligation in administering any activities paid by the Monthly Program Fee to make expenditures for Resorts which are equivalent or proportionate to Resorts’ payments, or to ensure that the Hotel benefits directly or proportionately from such expenditures. Hilton may create any programs and allocate monies derived from Monthly Program Fees to any regions or localities, as Hilton considers appropriate in Hilton’s sale judgment. The aggregate of all Monthly Program Fees paid to Hilton by hotels using the Hilton Marks (which Resorts acknowledges are frequently referred to as “Monthly Program Fees,” or by other names in Hilton’s agreements with other licensees) does not constitute a trust or “advertising fund” and Hilton is not a fiduciary with respect to the Monthly Program Fees paid by Resorts. Hilton is not obligated to spend funds for any of the foregoing in excess of the amounts received for such purposes from hotels using the Hilton Marks. If any interest is earned on unused Monthly Program Fees, Hilton will use the interest before using ...