Monthly Fixed Charge definition
Examples of Monthly Fixed Charge in a sentence
Thereafter, each month Apollo will calculate Subscriber's average Monthly Fixed Charges during the prior 12 months ("Average Monthly Fixed Charge") and will multiply such Average Monthly Fixed Charge by [*].
The Supplier shall invoice the Client at the beginning of each month the Monthly Fixed Charge and any variable charges for Services performed during the prior month.
The Monthly Fixed Charge, including the portion thereof with respect to the Flight Crews, will be subject to a fixed annual escalation of [*] ([*]%) on each Anniversary Date of this Agreement, provided that in the event the CPI-U for any Contract Year exceeds [*] ([*]%), DHL and ABX shall discuss an escalation greater than [*] ([*]%).
DHL will pay to ABX twenty-five percent (25%) of the Monthly Fixed Charge in advance and without demand on Monday (or if Monday is not a Business Day, the first Business Day thereafter) of each week, during the first four (4) Mondays of each month during the Term, in accordance with Section 7.6 below.
If we agree in writing that you need not provide us with a Debit Order Authority, all charges must be paid by direct deposit into the bank account that we specify and you agree that we shall charge a Monthly Fixed Charge by way of a monthly on-account fee of R500.00 exclusive of VAT.
In the event that DHL requests the cancellation of one or more flights as set forth in the Flight Schedule due to its inability to supply cargo for such flights, but ABX remains capable of providing the Services required hereunder, then DHL shall continue to pay ABX the Monthly Fixed Charge during the continuance of such inability.
The Monthly Fixed Charge and Estimated Monthly Variable Charge set forth in such initial Flight Schedule shall be determined in accordance with the terms of this Exhibit I, including the Monthly Fixed Charge Table contained in Appendix I-1 to this Exhibit.
The Monthly Fixed Charge Table reflects an annual escalation of $[*] ($[*]%) in Contract Years 2016, 2017 and 2018, as contemplated under and subject to Section 1(d) of Exhibit I.
The Monthly Fixed Charge Table contained in Appendix I-1 to this Exhibit is predicated upon the utilization of sixty-one (61) Flight Crews.
In compensation for the Services hereunder, including the operation of the Aircraft pursuant to the Flight Schedule, as amended from time to time, DHL shall pay to ABX the Monthly Fixed Charge and Monthly Variable Charge, as determined, and subject to adjustment, in accordance with Exhibit I from time to time, pursuant to the payment terms set forth in Article VII.