Payment of Renewal Fee. Licensee shall, within thirty (30) days of each renewal of this License Agreement, pay Licensing Company a non-refundable, non-recoupable renewal fee of US$ 10,000 (ten thousand US Dollars). This renewal fee covers the five-year period applicable to the current renewal of this License Agreement, and not any extension or further renewal thereof. Licensee shall not be obligated to pay such renewal fee if Licensee or its Affiliate paid a renewal fee of at least $10,000 to Licensing Company in connection with a renewal of a substantially identical License Agreement for BD-Software Manufacturer, for a renewal period extending beyond the date of renewal of this License Agreement.
Payment of Renewal Fee. Licensee shall, within forty-five (45) days of each renewal of this License Agreement, pay Licensing Company a non-refundable, non-recoupable renewal fee of US$ 10,000 (ten thousand US Dollars). This renewal fee covers the five-year period applicable to the current renewal of this License Agreement, and not any extension or further renewal thereof. Licensee shall not be obligated to pay such renewal fee if Licensee or its Affiliate paid a renewal fee of at least $10,000 to Licensing Company in connection with a renewal of a substantially identical License Agreement for BD-PC Manufacturer, for a renewal period extending beyond the date of renewal of this License Agreement.
Payment of Renewal Fee. Licensee shall, within forty-five (45) days of each renewal of this License Agreement, pay Licensing Company a non-refundable, non-recoupable renewal fee of US$ 10,000 (ten thousand US Dollars). This renewal fee covers the five-year period applicable to the current renewal of this License Agreement, and not any extension or further renewal thereof. Licensee shall not be obligated to pay such renewal fee if Licensee or its Affiliate paid a renewal fee of at least $10,000 to Licensing Company in connection with a renewal of a substantially identical License Agreement for BD Player (Transportation Vehicle) Manufacturer, for a renewal period extending beyond the date of renewal of this License Agreement.
Payment of Renewal Fee. Licensee shall, within forty-five (45) days of each renewal of this License Agreement, pay Licensing Company a non-refundable, non-recoupable renewal fee of US$ 10,000 (ten thousand US Dollars). This renewal fee covers the five-year period applicable to the current renewal of this License Agreement, and not any extension or further renewal thereof. Licensee shall not be obligated to pay such renewal fee if Licensee or its Affiliate paid a renewal fee of at least $10,000 to Licensing Company in connection with a renewal of a substantially identical License Agreement for Manufacturer of Aftermarket BD Drive Bundled with BD-PC Software, for a renewal period extending beyond the date of renewal of this License Agreement.
Payment of Renewal Fee. Not less than fifteen (15) Business Days prior to the Expiry Date, the Companies shall pay to the Trustee additional contributions, the after-tax amount of which is not less than the amount of any applicable renewal fee (the “Renewal Fee”) for the Letter of Credit, and shall provide to the Trustee written evidence of the Bank’s willingness, upon receipt of the Renewal Fee, to renew the Letter of Credit as of such Expiry Date in an amount equal to the Corporate Liability as of such date and in accordance with the requirements of Section 3.8. On or before September 15 of each particular year after 2010, the Companies shall pay to the Trustee additional contributions, the after-tax amount of which is not less than the amount of any applicable fee required to increase the face amount of the Letter of Credit (the “Increase Fee”), and, provided the Increase Fee is greater than zero, shall provide to the Trustee written evidence of the Bank’s willingness, upon receipt of the Increase Fee, to increase the face amount of the Letter of Credit as of October 1 of the particular year to an amount equal to the Corporate Liability as of that October 1 and in accordance with the requirements of Section 3.8.
Payment of Renewal Fee. In consideration of FINOVA's renewal of the term of the Loan Agreement and the extension of the term of the Fixed Asset Note, Borrowers hereby confirm to FINOVA that they shall pay to FINOVA, in accordance with the provisions of Section 3.1 of the Loan Agreement, a renewal fee ("Renewal Fee") equal to $35,000 (representing one half of one percent (0.5%) of the Total Facility for Revolving Loans). Said Renewal Fee shall be fully earned as of the date hereof and shall be paid by Borrowers to FINOVA as follows: (A) $17,500 simultaneously with the execution hereof and (B) $17,500 on November 26, 1997.
Payment of Renewal Fee. Licensee shall, within forty-five (45) days of each renewal of this License Agreement, pay Licensing Company a non-refundable, non-recoupable renewal fee of US$ 10,000 (ten thousand US Dollars). This renewal fee covers the five-year period applicable to the current renewal of this License Agreement, and not any extension or further renewal thereof. Licensee shall not be obligated to pay such renewal fee if Licensee or its Affiliate paid a renewal fee of at least $10,000 to Licensing Company in connection with a renewal of a substantially identical License Agreement for Manufacturer of Aftermarket UHD Drive Bundled with UHD-PC Software, for a renewal period extending beyond the date of renewal of this License Agreement.
