Payment of Maintenance Fee Sample Clauses

Payment of Maintenance Fee. Purchaser agrees to immediately pay a maintenance fee for the Patent in the amount of $1,375 to Flehr,Hohbach, Test, Albrxxxxx & Xerbxxx XXX.
Sample 1
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Payment of Maintenance Fee. The lessee will pay to the lessor, or to its managing agent, the maintenance fee upon the terms, at the times, and in the manner herein provided, without any deduction on account of any set-off or claim which the lessee may have against the lessor, and if the lessee shall fail to pay any installment by the fourth (4th) day of the month, the lessee shall pay a late fee of twenty dollars ($20.00). If such installment is not paid by the following monthly due date, the lessee shall pay an additional late fee of fifty dollars ($50.00). (Amended Oct. 2003)
Sample 1
Payment of Maintenance Fee. The maintenance fee shall be payable in two equal semiannual installments, in advance on the first day of each January and July, and shall be payable to the Managing Agent, as agent for the Asssociation. Any payment not received by the Managing Agent within 15 days from the date when due shall be subject to a late fee of 5%. In addition, no occupancy of any Space or the mobile home thereon may permitted to an Owner unless and until all maintenance fees, and other assessments are paid in full by such Owner. If any Owner has not paid fully all assessments, the Managing Agent shall, at the direction of the Board of Directors of the Association, prohibit use of such Owner’s Space by the Owner. The frequency and dates of payment may be changed in accordance with the provisions of the By-Laws.
Sample 1
Payment of Maintenance Fee. 25.3.1 Maintenance Fee shall be due and payable in arrears at the end of each Quarter of an Accounting Year. The Maintenance Fee instalment payable for a Quarter of any Accounting Year shall be calculated as Sum total of the Maintenance Fees of each Trains under Maintenance Obligations during the relevant quarter where Maintenance Fees of each of the Train shall be calculated as - [0.25] x [(Total Train-Days under Maintenance Obligation for the corresponding Service Year of maintenance during the Quarter)* (Applicable Annual Maintenance Fee per Train for the corresponding Service Year of Maintenance)] / [No of Days in the relevant quarter]. The illustration given below calculates Maintenance Fee of first quarter of 2026 (01.01.2026 to 31.03.2026) for a hypothetical fleet of 4 RRTS Trains where date of acceptance of these Trains are considered as 10/2/23, 20/10/24and 1/3/25 respectively. Train No. Date of Acceptance of Train Service Year/Annual Maintenance Fee per Train (as % of Applicable Train Price)/ Train-Days Train Maintenance Fee for Q4 of 2025-26 2.75% 2.75% 3.75% 2.75% 1 10-02-2023 40 Days (01.01.26- 09.02.26) 50 Days (10.02.26- 31.03.26) 0.25*[(40* 3.75% + 50* 2.75%)/90] 2 20-10-2024 90 Days (01.01.26- 31.03.26) 0.25*[(90* 2.75%)/90] 4 01-03-2025 59Days (01.01.26- 28.02.26) 31 Days (01.03.26- 31.03.26) 0.25* [(59* 2.75% + +31* 2.75%)/90] 4 15-03-2026 17 Days (15.03.26- 31.03.26) 0.25*[(17*2.75%)/90]
Sample 1
Payment of Maintenance Fee. The maintenance fee in respect of each base station shall be payable by the service receiver commencing from the second year of the relevant Operating Lease Agreement, which will be calculated based on the following formula: A = the annual lease payment (inclusive of VAT) receivable by the service provider from the third party telecommunications operator under the relevant Operating Lease Agreement of the base station B = the annual rent (inclusive of VAT) payable by the service receiver to the lessee(s) under the relevant Lease Agreement(s) C = (i) for the second to fourth year of the relevant Operating Lease Agreement, the corresponding ratio of 10% each year; or (ii) for the fifth to tenth year of the relevant Operating Lease Agreement, the corresponding ratio of 35% each year, for the base station D = the overhaul project costs shared by the base station (if any) Conditional upon receiving a VAT invoice from the service provider in respect of the maintenance fee at a tax rate of 6%, the service receiver shall make payment for the maintenance fee within the following month after it receives lease payment from the third party telecommunications operator under the relevant Operating Lease Agreement for the base station. If the service receiver fails to pay the maintenance fee to the service provider in accordance with the Individual Maintenance Agreement, the service receiver shall make default payment in the sum equivalent to the product of
Sample 1
Payment of Maintenance Fee. (a) Subject to: (1) the relevant provisions of this Agreement; and (2) the Contractor punctually complying with the Contractor Obligation; the Principal must pay to the Contractor the Maintenance Fee. (b) The Principal must pay the Maintenance Fee to the Contractor for each Maintenance Month in arrear, commencing at the end of the first Maintenance Month after the Commencement Date.
Sample 1

Related to Payment of Maintenance Fee

  • 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.

  • 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.

  • 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 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.

  • Account Maintenance Trade Allocations Trade Reporting; (Futures) Daily Trade Checkout Daily Statement Reconciliation

  • 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.

  • Unscheduled Maintenance Unscheduled maintenance may be required to resolve issues that are critical for Customer and/or performance of the Cloud Services. Druva will use its commercially reasonable efforts to notify Customer at least six (6) hours prior to the unscheduled maintenance.

  • Payment of Charges (a) Subject to Section 5.2(b), each Credit Party shall pay and discharge or cause to be paid and discharged promptly all Charges payable by it, including (i) Charges imposed upon it, its income and profits, or any of its property (real, personal or mixed) and all Charges with respect to tax, social security and unemployment withholding with respect to its employees, (ii) lawful claims for labor, materials, supplies and services or otherwise, and (iii) all storage or rental charges payable to warehousemen and bailees, in each case, before any thereof shall become past due. (b) Each Credit Party may in good faith contest, by appropriate proceedings, the validity or amount of any Charges, Taxes or claims described in Section 5.2(a); provided, that (i) adequate reserves with respect to such contest are maintained on the books of such Credit Party, in accordance with GAAP; (ii) no Lien shall be imposed to secure payment of such Charges (other than payments to warehousemen and/or bailees) that is superior to any of the Liens securing payment of the Obligations and such contest is maintained and prosecuted continuously and with diligence and operates to suspend collection or enforcement of such Charges, (iii) none of the Collateral becomes subject to forfeiture or loss as a result of such contest, (iv) such Credit Party shall promptly pay or discharge such contested Charges, Taxes or claims and all additional charges, interest, penalties and expenses, if any, and shall deliver to Agent evidence reasonably acceptable to Agent of such compliance, payment or discharge, if such contest is terminated or discontinued adversely to such Credit Party or the conditions set forth in this Section 5.2(b) are no longer met, and (v) Agent has not advised Borrower in writing that Agent reasonably believes that nonpayment or nondischarge thereof could have or result in a Material Adverse Effect.

  • 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:

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