Participant Fee definition
Examples of Participant Fee in a sentence
The Participant Fee may be reviewed at the expiry of each Contract Year and any increase to the Participant Fee shall be notified to the Approved Activity Provider.
Exhibit B to the Agreement sets forth RECOLORADO’s Participant Fee Schedule in effect on the Effective Date.
All other fees and charges payable by PARTICIPANT on an ongoing basis hereunder are identified and set forth in the Participant Fee Schedule.
All amounts payable by PARTICIPANT hereunder, including all fees, costs and charges itemized in the Participant Fee Schedule and identified anywhere in the Agreement or the Exhibits(s), including any late fees and all applicable taxes, are hereinafter collectively referred to as “Charges”.
RECOLORADO may at any time update and modify the Participant Fee Schedule by a minimum thirty (30) day prior written notice to PARTICIPANT.
Such Participant Fee shall due and payable by Participant upon receipt of Upstream’s invoice and shall be considered to be past due if not paid within thirty (30) days from the date such invoice was issued to Participant.
RECOLORADO may modify and update the Participant Fee Schedule at any time by a thirty (30) day prior notice to PARTICIPANT from RECOLORADO which may be given in any manner, including by email, facsimile or notice posted on RECOLORADO’s website.
Upstream may terminate this Agreement immediately upon written notice to the Participant in the event (1) Participant is no longer licensed to engage in real estate brokerage, (2) Participant is delinquent in any Participant Fee obligations under Section 12 below for more than sixty (60) Days; or (3) the Participant violates any of the Restrictions in Sections 2.2.4 or 2.2.5 applicable to the Upstream Database or the System.
Each Eligible COBRA Takeover Participant who elects coverage (COBRA or state continuation) in excess of the Allowable COBRA Takeover Participants will be subject to the Excess COBRA Participant Fee described below.
If Participant fails to pay its Participant Fee as provided herein, Upstream may terminate this Agreement pursuant to Section 11.2.3.