Channel Fee definition
Examples of Channel Fee in a sentence
Port of Melbourne may, in its discretion, recover the Port Charges as, if applicable, a Channel Fee recoverable under section 75 of the PMA.
In the event Itau does not approve payments in excess of the cap on the Finance Channel Fee within a reasonable period of time after requested by AOLB, AOLB shall have the right to not include such Content in the Special Edition Finance Channel.
If such Content fees would result in exceeding the cap on the Finance Channel Fee set forth above, AOLB shall consult with Itau and provide Itau with such information as necessary for Itau to determine the fees associated with obtaining such Content for display on the Special Edition Finance Channel.
Finance Channel Fee and Other -------------------------------------------------- Payments.
QTS TRS shall have ten (10) days after receipt of the Calculation Statement with respect to the third month of each Fiscal Quarter (the “Review Period”) to review such Calculation Statement, the Channel Fee Calculation set forth therein, together with the Calculation Statements and calculations with respect to the other two months in such Fiscal Quarter.
If QTS TRS timely delivers an Objection Notice, Buyer and QTS TRS shall negotiate in good faith to resolve the disputed items and agree upon the resulting amount of the Recognized Revenue and the Channel Fee for the applicable Fiscal Quarter.
Prior to the expiration of the Review Period, QTS TRS may object to the Channel Fee Calculation set forth in the Calculation Statements for such Fiscal Quarter by delivering to Buyer a written notice of objection (an “Objection Notice”), setting forth the items in the applicable Channel Fee Calculation disputed by QTS TRS and the basis for such objection, as well as the amount in dispute.
Buyer’s payment on each Payment Date shall be accompanied by a written statement in a form reasonably agreed by the Parties (the “Calculation Statement”) setting forth in reasonable detail Buyer’s determination of Recognized Revenue and the resulting Channel Fee with respect to each Current Customer Contract, Replacement Customer Contract and New Customer Contract for such calendar month (the “Channel Fee Calculation”).
If QTS TRS fails to deliver an Objection Notice to Buyer prior to the expiration of the Review Period, then the Channel Fee Calculation set forth in the Calculation Statements for such Fiscal Quarter shall be final and binding on the Parties.
Buyer shall pay to QTS TRS the aggregate Channel Fee due with respect to each calendar month no later than thirty (30) days following the end of such month (or the next succeeding business day, if later) (a “Payment Date”).