Common use of Privilege Fees Clause in Contracts

Privilege Fees. A. Minimum Annual Privilege Fee (MAPF) The MAPF is $12,000.00. One-twelfth (1/12th) of the MAPF for the applicable year of the term will be paid to Authority, on or before the first day of each and every calendar month, in advance and without demand, commencing on the first month of the term of this Agreement. For any period of less than one calendar month that this Agreement is in effect, the monthly payment due will be calculated on a pro rata basis.

Privilege Fees. A. Minimum Annual Privilege Fee (MAPF) SAMPLE The MAPF is $12,000.00. One-twelfth (1/12th) of the MAPF for the applicable year of the term will be paid to Authority, on or before the first day of each and every calendar month, in advance and without demand, commencing on the first month of the term of this Agreement. For any period of less than one calendar month that this Agreement is in effect, the monthly payment due will be calculated on a pro rata basis.