Base Fee definition
Examples of Base Fee in a sentence
E.1.1.1. Owner shall pay to VEOLIA as compensation for services performed under this Agreement a Base Fee of Nine Hundred Forty-Two Thousand Eighty-One Dollars ($942,081) for the Wastewater Services and Two Hundred Twenty-Three Thousand Six Hundred Fifteen Dollars ($223,615) for the Water Services for the first year of this Agreement.
The Base Fee is based on the assumption of treatment at the existing wastewater plant listed in Appendix D.2 and the characteristics listed in Appendix C.1.4. Any limitations on these expenditures as set forth in Appendix E.1.2.
If requested by Owner, VEOLIA will continue to provide the current operations staff for a period of up to ninety (90) days beyond the date of termination for a pro-rated Base Fee.
Equipment and other personal property purchased by VEOLIA for use in the routine operation or maintenance practices of the Project and billed to the Owner in excess of the Base Fee shall become the property of the Owner upon termination of this Agreement, provided that Owner has reimbursed VEOLIA for such equipment and other personal property.
E.1.3.1. The Base Fee will be adjusted annually using the Base Fee Adjustment Formula shown in Appendix E.3, with an annual escalation not to go below two percent (2%) or exceed five percent (5%).