Examples of Initial Membership Fee in a sentence
The Board shall determine the amount of each Subsequent Membership Fee, but in no event shall it be less than the Initial Membership Fee the public agency would have been required to pay to become a Member within the Initial Membership Period.
The Board shall set each Annual Fee in an amount not to exceed the Initial Membership Fee or Subsequent Membership Fee, as the case may be, paid by the respective Member; however, the Board may adjust the Annual Fee each Fiscal Year to reflect changes in the Consumer Price Index.
Prior to and for a period of sixty days after the Effective Date (hereinafter the “Initial Membership Period”), an eligible public agency may become an initial Member of the Authority as follows: (1) delivering to the Authority’s Secretary a duly approved and executed copy of this Agreement; and (2) paying the Initial Membership Fee as specified in Section 5.01(a).
In addition, this Agreement may be terminated by delivery of written notice by the Exchange to the Member if (a) the Member fails to pay the Initial Membership Fee to the Exchange or (b) the Admission Date does not occur by no later than seven (7) Business Days from the date of this Agreement.
To become a Member of the Authority within the Initial Membership Period, each eligible public agency shall pay an Initial Membership Fee as specified below (each such fee, as applicable, the “Initial Membership Fee”).
You confirm that you understand and agree that the transaction contemplated by this purchase consists of the Initial Membership Fee and the recurring Monthly Membership Fee until the Membership is cancelled by notice in writing in accordance with these Terms and Conditions.
You further agree that, except in accordance with these Terms and Conditions, you will not be eligible for a full or partial refund of your Initial Membership Fee and Monthly Membership Fees as a result of your non-use of any of the Benefits of the Program.
An Honorary Member shall not be required to pay an Initial Membership Fee or any dues, assessments (in accordance with Article Twelve) or food and beverage minimums, but shall be required to pay separately charged facility usage fees, such as cart usage fees, golf guest fees for themselves and their guests, and pro-shop fees, and charges for the consumption of food, beverages, merchandise and similar items.
Please note that membership fees (e.g., Initial Membership Fee; Annual Membership Fee) may increase at the discretion of OPEN LINKS GOLFING SOCIETY.
Membership in the Program becomes effective only when the Membership Application is accepted by OPEN LINKS GOLFING SOCIETY, the Initial Membership Fee and the first Annual Membership Fee prorated is paid and received by OPEN LINKS GOLFING SOCIETY, and you have accepted the Terms and Conditions of Membership.