Annual Fees definition
Examples of Annual Fees in a sentence
Customer shall pay Annual Fees in advance of each Maintenance Billing Cycle in which it will receive Maintenance Services.
If Customer declines or discontinues Maintenance Services for any Covered Equipment and thereafter wishes to add or restore such equipment as Covered Equipment, Itron may, prior to such equipment being included as Covered Equipment, inspect such equipment at Itron’s then current rates to determine whether it is in Operating Condition and/or charge Itron’s then current re-certification fee, in addition to prorated Annual Fees for the then-current Maintenance Billing Cycle (the “Re-initiation Costs”).
For example, if the fees are quoted as Monthly Fees or per month then the BILLING PERIOD shall be considered monthly, if the fees are quoted as Annual Fees or per year then the BILLING PERIOD shall be considered annual, and so forth.
All Annual Fees will be due on January 1st of the then-current term.
Annual Fees for any renewal period shall have an annual increase of 5% applied unless otherwise indicated on the applicable Order.