Renewal License Fee Clause Samples
The Renewal License Fee clause defines the payment required to extend the term of a license agreement beyond its initial period. Typically, this clause specifies the amount, timing, and method of payment for the renewal, and may outline whether the fee remains the same or is subject to adjustment. Its core function is to ensure both parties understand the financial obligations associated with continuing the license, thereby preventing disputes over renewal terms and maintaining clarity in the ongoing business relationship.
Renewal License Fee. The non-refundable license fee due to XE by You for each Renewal Term, if any, shall be the greater of the Initial License Fee or the applicable license fee charged by XE for each applicable Renewal Term (the “Renewal License Fee”). XE shall advise You of the Renewal License Fee by way of a Renewal Invoice sent no earlier than sixty (60) days prior to the commencement of such Renewal Term. The Renewal License Fee shall be due and payable by the due date specified on the Renewal Invoice. Failure to pay the Renewal License Fee by the due date specified on the Renewal Invoice shall be grounds for immediate termination of this Agreement.
Renewal License Fee. Licensee shall pay to Licensor a non-recoupable and non-refundable Renewal license fee (“4th Renewal License Fee”) in the amount of One Million and Two Hundred Thousand US Dollars (USD 1,200,000) within fifteen (15) calendar days from the Effective Date of this Amendment. For the avoidance of doubt, Licensee shall have no obligation to pay to Licensor MG Payment for this Amendment.
Renewal License Fee. Licensor agrees to extend the term of the Original Agreement to service the Game in the Territory with no further License Fee.
Renewal License Fee. Licensee shall pay to Licensor a non-recoupable and non-refundable renewal license fee (“Renewal License Fee”) in the amount of Fifty Thousand United States Dollars (US$50,000), in accordance with the following manner: • Licensor will issue the first invoice to Licensee within Sixty(60) calendar days from the Effective Date and Licensee shall pay to Licensor Twenty-Five Thousand United States Dollars(US$25,000) within Fourteen(14) calendar days from the date of receiving the first invoice. • Licensor will issue the second invoice to Licensee after Two(2) months from when Licensee receives the first invoice and Licensee shall pay to Licensor Twenty-Five Thousand United States Dollars(US$25,000) within Fourteen(14) calendar days from the date of receiving the second invoice.
Renewal License Fee. In the event this Agreement and the License granted hereunder are renewed pursuant to Section 4.2, Licensee shall pay to Licensor the renewal license fee set forth on Schedule D attached hereto (the ---------- "Renewal License Fee") for each Renewal Term, in accordance with the payment schedule set forth therein. Licensee acknowledges and agrees that the Renewal License Fee shall be deemed non-refundable and fully earned by Licensor upon payment therefor by Licensee.
Renewal License Fee. Licensee paid to Licensor a non-recoupable and non-refundable Renewal license fee (“Renewal License Fee”) in the amount of Two Million United States Dollars (US$2,000,000) on September 1st, 2006 according to the GENERAL LICENSE AGREEMENT FOR SECOND RENEWAL OF EXCLUSIVE RAGNAROK ONLINE LICENSE entered into between the Parties on 12th day of August, 2006.
Renewal License Fee. Licensee shall pay to Licensor a non-recoupable and non-refundable Renewal license fee (“3rd Renewal License Fee”) in the amount of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$1,200,000) within fifteen (15) calendar days of the New Effective Date.