Concession Fee for a particular month shall mean the higher of the following:
Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.
Licence Fee means the licence fee specified in Item 7 of Schedule 1.
License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.
Licence Fees the fees to be paid by the Licensee to HKEX-IS pursuant to clause 5.2.