Annual Services Charge definition
Examples of Annual Services Charge in a sentence
There are additional payment obligations that may arise as to each of the Parties specifically set forth in the Agreement (e.g., *), but which are not included in the Annual Services Charge; nothing in this Section I (Introduction) is intended to alter the respective obligations of the Parties as to such payment obligations as set forth in the Agreement.
At the end of each Contract Year, the Parties shall perform a true-up of the pool, which, in accordance with the chart set forth below, may result in a payment by the State to Provider of Provider's earned Incentives or the application of a Fee Reduction credit (or refund, if in the last Contract Year) to the State's next payment with respect to the Annual Services Charge.
In case certain deals are of substantial amount, the percentage can be decided together by both parties on case to case basis depending on the amount of the financial instrument.
Such allocation will be accomplished by dividing the then current Contract Year Charges for the applicable Aggregated Service(s) subject to the benchmark analysis by the total Annual Services Charge for the then current Contract Year to obtain the percentage of the fixed price Annual Services Charge to add to the Aggregated Service(s) in order to establish the then current total price for the Aggregated Service(s) subject to the benchmark analysis.
The Annual Services Charge is set forth in Table C.1.1.b (Charges – US and Canada Terminated) and Table C.1.2.b (Charges – By Country Terminated).