License Fee Commencement Date definition
Examples of License Fee Commencement Date in a sentence
Thereafter, on each annual anniversary of the License Fee Commencement Date, LICENSEE shall pay the Annual License Fee.
CITY and LICENSEE agree that they shall acknowledge, in writing, the License Fee Commencement Date of each Permit.
The Annual License Fee (as defined in Paragraph 6 hereunder) for all facilities installed pursuant to said Permit will commence and be due on the first day of the month following installation (the “License Fee Commencement Date”), provided, however, that the initial Annual License Fee payment for each Permit shall be made thirty (30) days after the License Fee Commencement Date.
Beginning on the License Fee Commencement Date, Galileo shall pay ITA a basic license fee for the Online Use (the “Online License Fee”) which will be calculated based on the number of PNR’s created within the Galileo System resulting from the use of the Licensed Software by Online Users.
License Fees shall be payable on a monthly basis starting from the License Fee Commencement Date, detailed in Section 3(d) of this Agreement.
The License Fee shall be subject to a three percent (3%) increase upon each anniversary of the License Fee Commencement Date.
The First Floor Suites License Fee shall be subject to a three percent (3%) increase upon each anniversary of the First Floor Suites License Fee Commencement Date.
In the event Licensee determines, in its sole discretion, due to the title report results or survey results, that the condition of the Premises is unsatisfactory, Licensee will have the right to terminate this Agreement upon written notice to Licensor, provided that Licensee do so on or before the License Fee Commencement Date.
Notwithstanding the above, Licensee must obtain Licensor’s prior approval for any borings, or destructive testing that Licensee reasonable desires, and if Licensor disapproves, Licensee may terminate this Agreement upon written notice to Licensor, provided that Licensee do so on or before the License Fee Commencement Date.
On each anniversary of the License Fee Commencement Date, the License Fee in each succeeding year of the Primary Term and any Renewal Term shall increase to an amount equal to 103% of the License Fee in effect during the immediately preceding lease year, paid monthly (the “Percentage Increase”) (for example, and by way of illustration only, if the Percentage Increase of 103% is used and the prior year’s License Fee was $1,000, the next year’s License Fee would be $1,030.