Review of Licence Fee. (a) On each Review Date, the Licence Fee will increase by 3%.
(b) The Licensee must ensure that, on and from each Review Date, the Licence Fee it pays to the School Council is adjusted in accordance with clause 7(a).
Review of Licence Fee. The Licensor shall be entitled to review and adjust the Licence Fee during the Licence Term at the times and in the manner specified in Item 10 of Schedule 1.
Review of Licence Fee. 5.1. The Licence Fee from and including each Review Date is the Licence Fee payable immediately before the relevant Review Date multiplied by the Current CPI and divided by the Previous CPI.
5.2. Pending determination of the Licence Fee for any year of the Term, the Licence Fee shall be paid at the rate payable at the end of the previous year of the Term and an adjustment (if necessary) is to be made following determination of the reviewed Licence Fee.
5.3. If the Licence Fee is not reviewed in accordance with this clause, then Council may, at any time, recover (as a liquidated debt) the difference between the fee levied and paid, and the fee that ought to have been levied and paid had the Licence Fee been reviewed in accordance with this clause. This subclause survives the expiry of this Licence.
5.4. Regardless of any other provision in this Licence the Licence Fee in any year of the Term must not be less than the Licence Fee in the year immediately prior to that year
Review of Licence Fee. 2.1 The licence fee shall be reviewed by the Owner giving not less than one month’s notice in writing specifying the reviewed licence fee.
2.2 If the Licensee objects to the reviewed licence fee the Licensee must within 14 days from date of sending of the Owner’s notice (time being of the essence), give notice objecting to the review, in which case this Licence shall terminate on the date the licence fee review is to take effect, unless the Owner within 14 days after receipt of the Licensee’s notice gives notice revoking the licence fee review.
2.3 Unless the Licensee has given notice objecting to the reviewed licence fee within the stipulated time and the Owner has revoked the licence fee review notice the reviewed licence fee shall take effect from the relevant review date or, if the Owner has given insufficient notice or notice after the review date, the first day of the month following completion of the notice period.
Review of Licence Fee. 5.1 The Licence Fee will be increased annually as from the Commencement Date by the Authority by one month's written notice, and notice of any variation is deemed to have been brought to the attention of the Licensee if given in accordance with Clause 14, and/or notification in the relevant tax invoice.
5.2 Where the Authority has given the Licensee written notice of the increased Licence Fee, then the Licence Fee payable under this Licence will be varied and payable effective from the next quarter.
Review of Licence Fee. The Licence Fee will be increased effective on and from the Review Dates, in accordance with the Review Method. For the avoidance of doubt, the Licence Fee will not decrease on or from any Review Date as a result of this clause 5.2.
Review of Licence Fee. The Licence Fee will be reviewed at the same time and in the same manner as the Rent is reviewed pursuant to the Lease.
Review of Licence Fee. The parties will review the Licence Fee payable within 30 days after the anniversary of the end of the Preliminary Period, and annually thereafter. At each annual review, the Licence Fee shall be set at a rate agreed between the parties; however the annual Licence Fee shall at no time be less than twice the amount of the Minimum Licence Fee. The reviewed Licence Fee will apply for a 12 month period on and from the anniversary of the end of the Preliminary Period to which the review relates.
Review of Licence Fee a. The Licensor may review the License Fee on a Review Date by serving on the Licensee a notice at least one month prior to the Review Date specifying the Licence Fee on and from the Review Date.
b. If the Licensee does not wish to continue the License by paying the reviewed License Fee the Licensee must notify the Licensor as soon as practicable and provide 30 days written notice.
