Annual Dues definition
Examples of Annual Dues in a sentence
In all membership years thereafter, standard Annual Dues for the applicable Level of Membership shall apply and will be due on 1 October.
This Agreement shall not become effective until (i) it is accepted by the Company in accordance with the Bylaws of the Company and (ii) subject to Sections 6 below, the Company has received the initial Annual Dues set forth on the signature page hereto.
All Annual Dues are payable to the Company in US dollars and are non-refundable.
Any Member may resign its Membership for the upcoming fiscal year at any time by providing notice to the Company in accordance with the Bylaws; provided that if such Member does not provide such notice by 15 October of the then current fiscal year, such Member will be charged for and remain obligated to pay a prorated amount of applicable Annual Dues for such upcoming fiscal year reflecting the portion of such upcoming fiscal year that precedes the effectiveness of such notice.
Notwithstanding the foregoing, by signing below, each Applicant who joins after 31st October of the Company’s then current fiscal year hereby agrees that, if the Applicant’s Membership ceases before the Applicant has paid at least half of the Annual Dues applicable to Applicant’s Level of Membership (the “Minimum Dues”), then the Applicant shall promptly pay the Company the difference between the Minimum Dues and the Prorated Amount.