Common use of Monthly Service Fee Clause in Contracts

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟𝑣𝑖𝑐𝑒 𝐹𝑒𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordance with Clause 3.5.

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟𝑣𝑖𝑐𝑒 𝐹𝑒𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordandance with Clause 3.5.

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟𝑣𝑖𝑐𝑒 𝐹𝑒𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordance with Clause 3.5.

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟����𝑐𝑒 ��𝑒𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordance with Clause 3.5.

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟����𝑐𝑒 ��𝑒𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordance with Clause 3.5.

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟𝑣��𝑐𝑒 𝐹𝑒𝑆𝐴𝐹𝐷×𝑃𝐷 𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordance with Clause 3.5.

Monthly Service Fee. (a) The amount of the Annual Service Fee payable in respect of each Month (the “Monthly Service Fee”) in the Service Year shall be the sum of all Daily Service Fees in such Month. (b) The “Daily Service Fee” shall be calculated as 𝐷𝑎𝑖𝑙𝑦 𝑆𝑒𝑟����𝑐𝑒 ��𝑒𝑒 = 𝑆𝐴𝐹𝐷 × 𝑃𝐷 where: SAF = the Service Availability Factor on a Day, as determined in accordance with Clause 8; P = (i) in the Summer Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Summer Period; multiplied by (B) twenty per cent (20%); (ii) in the Winter Period, an amount equal to: (A) the Annual Service Fee divided by the number of Days in the Winter Period; multiplied by (B) eighty per cent (80%); and D = the relevant Day for calculation of the Daily Service Fee. (c) The Monthly Service Fee shall not be payable in respect of the Run-off Period in accordance with Clause 3.5.