Term Fees. Hosting Services are available at an additional cost. For Hosting Services purchased concurrently with Licensee’s license to Licensed Product, Licensee's initial Hosting Term will begin upon PowerSchool’s written acknowledgment of Licensee’s order and terminate one (1) year thereafter, (“ Hosting Term”) unless a different Hosting Term is specified in PowerSchool’s written acknowledgment of Licensee’s order, or unless terminated earlier in accordance with the terms of these Policies or the Agreement. Either party may terminate the provision of Hosting Services with effect as of the end of the then-current Hosting Term by providing written notice to the other party prior to the end of the then-current Term that such party does not wish to renew the Hosting Term. PowerSchool will provide Licensee with at least sixty (60) days’ notice if PowerSchool determines that it will no longer offer Hosting Services to Licensee (but in any event will continue providing Hosting Services for the balance of the current term for which Licensee has prepaid for such Services). If no notice of non- renewal is given by either party, then PowerSchool will invoice Licensee for the applicable renewal fees for a subsequent Hosting Term. If Licensee’s Hosting Term is so terminated due to non- payment, and then PowerSchool subsequently reinstates Licensee’s access to Hosting Services, such reinstated access shall remain subject to the terms of these Policies and payment of applicable reinstatement fees. For the initial Hosting Term, Licensee shall pay the charges specified in PowerSchool’s initial invoice. For renewal Terms, Licensee shall pay PowerSchool’s then-current annual Hosting Services fees. PowerSchool may supply new or modified Support and Services Policies or other terms and conditions to Licensee related to the provision of Hosting Services in a renewal term, in which event such new or modified Support and Services Policies or other terms and conditions will govern PowerSchool’s provision of Hosting Services in such renewal term. Should Licensee decide to terminate hosting services, Licensee will retain its license to Licensed Product, subject to the terms of this Agreement.
Term Fees. This Agreement shall be for a term of twenty-five years (the “Term”) commencing upon the execution hereof by both Parties. Either Party may seek renewal of this Agreement by providing written notice to the other Party no less than six (6) months prior to expiration of the Term. Any renewal of this Agreement shall be on such terms as the Parties may mutually agree upon in writing. Each Permit shall have an initial term of 90 DAYS and said term shall commence upon execution of said Permit by both Parties (the “Commencement Date”). The Annual License Fee (as defined in Paragraph 6 hereunder) for all facilities installed pursuant to said Permit will commence and be due on the first day of the month following installation (the “License Fee Commencement Date”), provided, however, that the initial Annual License Fee payment for each Permit shall be made thirty (30) days after the License Fee Commencement Date. Thereafter, on each annual anniversary of the License Fee Commencement Date, LICENSEE shall pay the Annual License Fee. The Annual License Fee shall be paid to the CITY in accordance with Paragraphs 6 and 17 below. CITY and LICENSEE agree that they shall acknowledge, in writing, the License Fee Commencement Date of each Permit.
Term Fees. The term of this agreement and the related professional fees are noted on page one (1) of this Agreement.
Term Fees. The Borrowers agree, jointly and severally, to pay to Xxxxxxx Capital Ltd. for the benefit of the Term Lenders a closing fee (the “Term Closing Fee”) and an annual term facility fee (the “Term Facility Fee”) as set forth in the fee letter, dated the Closing Date, between Citadel Investment Group, L.L.C. and the Borrowers (the “Citadel Fee Letter”). The Term Closing Fee and Term Facility Fee shall be fully earned and non-refundable for any reason upon payment thereof.
Term Fees. (a) This Agreement shall be effective for a period commencing on the date hereof and continuing until the close of business on January 31, 1998 (the "Initial Term").
(b) The representations, warranties and covenants of the Company and the remedies of Access Capital for a breach of such representations, warranties and/or covenants, shall survive the termination of this Agreement, and such termination shall not affect the rights of Access Capital to enforce its remedies under the Transaction Documents against the Company or against any collateral after a default by the Company.
(c) The Company shall pay to Access Capital simultaneous with the execution of this Factoring Agreement, a commitment fee of $10,000.
(d) In the event that the Company terminates this agreement on or before January 31, 1998 without entering into the agreement pursuant to the Letter of Intent dated November 20, 1997 then the Company shall pay a Termination fee of $35,000.
Term Fees. 3.1 The Agreement will be in affect for a minimum of one year. This agreement shall automatically renew on the first day of the month of the annual anniversary unless otherwise contacted by the Customer. This agreement may be cancelled under the provisions of section 4 of this agreement. For the fees specified in the SORF attached to this Agreement, TA shall provide Services described in the SORF.
3.2 TA will invoice monthly 15 days in advance of next month due net 10. A late fee of $39.00 will be assessed if payment is not received within 20 days of due date. Said invoices shall be deemed accepted and binding unless Customer shall provide TA notification in writing of any objection which Customer may have with respect to the said invoice within 20 days of the receipt thereof. Any invoice past 30 days past due date and TA may put customer on “service hold.” Customer shall pay, as a separate item, all taxes, however designated and whether levied or based upon this Agreement or any service supplied hereunder. Any taxes or amounts in lieu thereof, paid or payable at any time by TA, exclusive of taxes based on net income, shall be borne by Customer and shall be invoiced by TA to Customer payable as specified in Section 3.3 herein above. In addition to those fees specified in Section 3.1, TA may, at its option, charge additional fees, including Tech time and travel to and from dispatch point if any of the following occurs: (TA’s current rate is $99.95 per hour, plus $49.95 per hour travel. Customer will be billed with a one-hour minimum labor and 1 hour minimum travel.) Alteration or attachment to the Hardware by Customer or any third party other than “service provider”; misuse or abuse, including failure to operate the Hardware in accordance with the manufacturer’s specification; servicing of the Hardware by any party other than TA or its Service Providers; improper use or failure to use approved supplies, or the use of supplies not meeting manufacturer’s specification; or any other condition not due to normal operational wear and tear. Damage to the Hardware caused by: vandalism, fire, electrical problems originating outside the hardware, liquid damage, foreign objects, rodents, damaged or cut cabling, abuse of any kind, acts of God, or any other damage not due to normal operational wear and tear. Failing to cancel Customer initiated service call. Calling for service outside the scope of the SORF. Purchase of consumables such as paper products, ribbons, bulbs...
Term Fees. Lime shall submit a fee of five cents ($0.05) per trip taken on any Lime electric scooter from the fleet deployed in the City. The per-trip fee shall be invoiced monthly based on data provided by Lime in accordance with Section 12 (Data Sharing), and Lime shall submit payment within 30 days of receipt of the invoice.
Term Fees. A. The term of this Agreement shall commence on the Effective Date and shall expire at 5:00 p.m., Miami, Florida time, on the last day of the sixth (6th) full calendar month thereafter (the "Initial Term"). Upon the expiration ------------ of the Initial Term of this Agreement, and upon the expiration of each Renewal Term (hereinafter defined) thereafter, this Agreement shall automatically renew for an additional six (6) month period (each a "Renewal Term"), provided that ------------ the parties, prior to the expiration of the Initial Term or any Renewal Term, as applicable, shall have executed and delivered a written instrument specifying their intention for this Agreement to be renewed and any mutually agreed upon modifications of this Agreement; otherwise, this Agreement shall expire and become null and void immediately upon the expiration of the Initial Term or any then current Renewal Term. Notwithstanding the foregoing, Company may, at any time, for any reason, terminate this Agreement upon written notice to Consultant.
B. As compensation for Consultant's services hereunder, Consultant shall be entitled to receive:
1. Promptly upon execution and delivery of this Agreement, $30,000.00 (US) cash or a number of restricted shares of Company's common stock then equal in value to $39,000.00 based on the closing bid price on the day of execution.
2. Within thirty (30) days of Company's receipt of an invoice from Consultant, but not more frequently than once per month, an amount equal to the reasonable and necessary actual out-of-pocket expenses (which have been approved in advance by Company and for which Consultant has provided descriptive receipts or other reasonably descriptive documentation) incurred by Consultant in the course of performing its obligations hereunder.
3. An amount equal to five percent (5.0%) of the gross revenue received by Company for sales occurring in Europe during the term of this Agreement of Company's products or services (including, without limitation, the Dragonfly) directly resulting from Consultant's efforts pursuant to this Agreement. This amount shall be payable upon Company's receipt of such revenues and payment of Company's obligations in the ordinary course of its business.
Term Fees. Unless the Warehouse Agreement is terminated and all obligations of Customer to the other parties thereto are paid and satisfied in full prior to May 1, 2004, Customer shall pay on May 1, 2004 the sum of $1,500,000 to each of SunAmerica and Xxxxxxx Xxxxx, by wire transfer of immediately available funds to such account(s) as are specified by them not less than three Business Days prior to May 1, 2004. In addition, unless the Warehouse Agreement is terminated and all obligations of Customer to the other parties thereto are paid and satisfied in full prior to October 1, 2004, Customer shall pay on October 1, 2004 the sum of $750,000 to each of SunAmerica and Xxxxxxx Sachs, by wire transfer of immediately available funds to such account(s) as are specified by them not less than three Business Days prior to October 1, 2004.
Term Fees. Price based on a 10 week term –
