Common use of Times when Payments are Due Clause in Contracts

Times when Payments are Due. 4.1 The Connection Fee for the first Quarter shall become payable as soon as the Licensee begins providing or allowing access to or use of the Information, provided that where the Connection Fee becomes payable for the first Quarter other than at the commencement of the relevant Quarter, the Connection Fee will be reduced by one third for each complete month elapsed; and thereafter each Connection Fee shall be payable on or prior to commencement of the Quarter to which that Connection Fee relates.